PDA

View Full Version : Does anyone recommend to buy the $7,500 mentoring program


Jskyblue7
12-13-2008, 05:57 PM
Does anyone recommend to purchase the $7,500 mentoring program to teach
them all about Fapturbo trading? or should we try to do it on our own?

hoppy5
12-13-2008, 05:59 PM
Does anyone recommend to purchase the $7,500 mentoring program to teach
them all about Fapturbo trading? or should we try to do it on our own?
I hope that is not a SERIOUS question......otherwise you KNOW the answer......

hansje
12-13-2008, 06:07 PM
Lmao :d:d:d:d

Jskyblue7
12-13-2008, 06:08 PM
I am brand new to Forex trading and I would like to know your opinion on this
matter. It is a serious question and I am interested in all replies. Thank you.

hansje
12-13-2008, 06:16 PM
I am brand new to Forex trading and I would like to know your opinion on this
matter. It is a serious question and I am interested in all replies. Thank you.

7500 USD is a lot of money, you can easily make profits of 100/200+ USD with that amount with very safe and tight settings, I suggest you use the 7500 for depossit in an account for real money. The best way to learn is by doing a few days fo demo to learn how MT4 program works and how Fapturbo interacts with it, and ofcourse to see if your settings are not totally wrong.. and after that period of a few days or week, you setup a real account and find out yourself, because there is simply no better way of understand how all things work. 7500usd for lessons = scam :)

Sooner
12-13-2008, 06:21 PM
I am brand new to Forex trading and I would like to know your opinion on this
matter. It is a serious question and I am interested in all replies. Thank you.

JskyBlue, who is offering you a mentoring program for a system that is supposed to be 100% hands free at a rate of $7,500? The system is not complicated, all the information you need to get started is available on the web, much of it here on these very forums, and the EA so far has done a bang up job for us in both demo and live accounts.

Do you have an email or a web site you were directed to for this "mentoring" as it sounds like a scam. I can't even see paying $7.50 for mentoring on a system so simple.

Jskyblue7
12-13-2008, 06:22 PM
Thank you for your honest answer but I feel like Im pulling teeth on this
forum, no one has replied to my questions on setting up the demo acct.
Can you answer my question? Do I need to use the Fapturbo demo acct or
can I use any demo acct? and does the Fapturbo demo acct reflect the live
Fapturbo acct or are they not related at all?

hansje
12-13-2008, 06:37 PM
Thank you for your honest answer but I feel like Im pulling teeth on this
forum, no one has replied to my questions on setting up the demo acct.
Can you answer my question? Do I need to use the Fapturbo demo acct or
can I use any demo acct? and does the Fapturbo demo acct reflect the live
Fapturbo acct or are they not related at all?

No problem at all.. Ill try to..
(Sorry I laughed at you, thought you were joking :))
No, you can use any broker instead of the broker where fapturbo guide you to.
I went to FxPro.com (there are a lot of brokers, just pick one, and start testing it for a week, or let yourself guide by reading other threads in the forum what they are using, that way you can make a dissicion what broker you want), where you can also download MT4, remember... a lot of brokers have MT4 available for download and where you can setup a demo account.
On the website of the brokers can can either signup and download the demo MT4 account or a real money account. Since fapturbo is not a program of it own, just a script for MT4, you can use Fapturbo on any MT4 broker version. Hope that helps a bit?

verbtheory
12-13-2008, 06:39 PM
Thank you for your honest answer but I feel like Im pulling teeth on this
forum, no one has replied to my questions on setting up the demo acct.
Can you answer my question? Do I need to use the Fapturbo demo acct or
can I use any demo acct? and does the Fapturbo demo acct reflect the live
Fapturbo acct or are they not related at all?

There's several things you're talking about here so lets try to clear it up:

FAPTurbo: this is trading robot for MetaTrader 4, otherwise referred to as an EA
- you get an activation key for your demo account (unlimited activations)
- you get ONE (and only one) activation key for your live account when you decide to go live. dont do it until you're totally comfortable with the robot and the broker that you're demo'ing with.

FOREX broker: this is an actual broker that you need to select on your own that conducts trades on your behalf on the FOREX
- there are many brokers on this forum, do some looking around
- almost every broker, I've encountered so far has a demo of MetaTrader 4 that you can download. Once installed, it will provide you with a demo account. Use this for your demo'ing of FAPTurbo.
- again, dont go live or give any more money out to anyone until you know you're ready and comfortable

Hope that helps...

Sooner
12-13-2008, 06:41 PM
Thank you for your honest answer but I feel like Im pulling teeth on this
forum, no one has replied to my questions on setting up the demo acct.
Can you answer my question? Do I need to use the Fapturbo demo acct or
can I use any demo acct? and does the Fapturbo demo acct reflect the live
Fapturbo acct or are they not related at all?

In order to setup a demo account you simply need to select a broker. There are dozens if not hundreds of them out there, but you must be sure that they support the use of the MT4 platform. IBFX, FXDD, ForexMeta, ODL, FXPRO, Alpari are all brokers that offer free demo accounts and are a good way to get your feet wet. Type in any one of those names in Google and it should get you to the right spot.

Before you do anything though you need to go to http://www.babypips.com/school/ and take a few days reading through each and every item listed in the School of Pipsology. Unless you have a solid foundation of knowledge on which to build any attempt at a live account WILL end in failure, guaranteed.

Once you have completed that download as many different brokers MT4 demo's as you like and get to playing with them. See for yourself how the EA behaves, when it does well, when it does not do so well, and what changing the settings does for it. Because each person is different, the trading styles and broker choices are not a one size fits all solution. I currently have MT4 demo's from about 8 different brokers, and I have tested each and every one of them.

There is no such thing as the FAPTurbo demo account, the EA you bought will work with any broker that supports the MT4 platform, however demo results and live results are often nothing alike. Demo accounts always have small spreads and rarely have connection or requote issues, Live accounts often times have considerably larger spreads and depending on your lot size can have a significant number of partial order fills or requotes with some brokers.

As a rule of thumb, expect the demo account to perform at least 50% better than the live account and that is assuming your emotions don't get the best of you when you are watching real money go down the drain on a live account.

You need to know what your personal trading style is (long term, short term, or somewhere in between), you need to understand what types of events can make prices move, and it helps immensely if you have some basic understanding of some of the more common indicators and how to read the charts.

I hope this was of some assitance to you.

limitup
12-13-2008, 06:41 PM
Thank you for your honest answer but I feel like Im pulling teeth on this
forum, no one has replied to my questions on setting up the demo acct.
Can you answer my question? Do I need to use the Fapturbo demo acct or
can I use any demo acct? and does the Fapturbo demo acct reflect the live
Fapturbo acct or are they not related at all?


Now, FAPT can be used on any demo acct.

arto74
12-13-2008, 06:42 PM
i also received an offer from some professional firm that was suppose to cost me $6000, i think I would rather put up a small account, and learn from my mistakes, than give away $6000 without anything happening at all.

verbtheory
12-13-2008, 06:50 PM
i also received an offer from some professional firm that was suppose to cost me $6000, i think I would rather put up a small account, and learn from my mistakes, than give away $6000 without anything happening at all.

yah thats lame, I checked out the http://www.babypips.com site that alan posted. some good FREE education there... use that cash for your live account.

Jskyblue7
12-13-2008, 06:52 PM
Thank you so much for your helpful replies. I have a demo acct from when
I purchased ForexAutopilot. I shut down my computer after about two weeks
of having it up 24/7. Can I reactivate this demo acct by clicking on the icon
on my desktop? or do I have to look at the video tutorials to do all the steps
all over again?

Sooner
12-13-2008, 07:00 PM
Thank you so much for your helpful replies. I have a demo acct from when
I purchased ForexAutopilot. I shut down my computer after about two weeks
of having it up 24/7. Can I reactivate this demo acct by clicking on the icon
on my desktop? or do I have to look at the video tutorials to do all the steps
all over again?

Until you update your copy of the EA you will not have to activate the Demo account again. Version 16 should expire on December 24th I believe. Just launch the MT4 session you downloaded and it will still be there exactly as it was before you closed it down.

Jskyblue7
12-13-2008, 07:31 PM
Thank you for your reply. So you mean that I can just click on the icon on my
desktop to restart my demo acct? My demo acct is Metatrader 4, alpari uk.
I heard we shouldnt use alpari software because they dont do well on small
spreads. Is that true here?

jefe
12-13-2008, 07:38 PM
$7500 is barely a weeks pay if you've been using FAPT for more than a week...now where's that video...LOL...

alan
12-15-2008, 01:07 AM
Does anyone recommend to purchase the $7,500 mentoring program to teach
them all about Fapturbo trading? or should we try to do it on our own?

lol..I got approached with the same offer... I politely told them to not bother with me.

You can definitely get cheaper forex education..even free. It all depends on how much EFFORT you are willing to put in, and how dedicated you truly are to becoming a successful forex trader.

For some good trading education checkout:

Checkout Alexander Elder - Trading for a living

https://www.amazon.com/dp/0471592242?tag=alsmobl-20&camp=0&creative=0&linkCode=as1&creativeASIN=0471592242&adid=0S55GDN29311HN3TPKP5&

and

Alexander Elder - Come into my trading room: A complete guide to trading

https://www.amazon.com/dp/0471225347?tag=alsmobl-20&camp=0&creative=0&linkCode=as1&creativeASIN=0471225347&adid=0J6BHJBH4WT1N3WBPW5E&

and last but not least a book called:

Bird Watching in Lion Country

Don't have a link to this one, but just type it in Google and you'll find it. It is an e-book which I highly recommend to Forex trades...especially beginners.