Newbie here, please help...

[AngelSpike]

Hi there, I'm a newbie here and knowing that there are many FOREX veterans out there, I just have some basic questions before I take the plunge. I was considering buying FAPS (Forex Autopilot system). But, I'd like to know what FAPTurbo is? Are they both available for the same $100 price point?

And also, I'm thinking of opening a $250 account with forex.com. Any idea if they will work with FAP or could you recommend me another broker that works better?

Any help is very much appreciated.

[^eagle^]

Hi there, I'm a newbie here and knowing that there are many FOREX veterans out there, I just have some basic questions before I take the plunge. I was considering buying FAPS (Forex Autopilot system). But, I'd like to know what FAPTurbo is? Are they both available for the same $100 price point?

And also, I'm thinking of opening a $250 account with forex.com. Any idea if they will work with FAP or could you recommend me another broker that works better?

Any help is very much appreciated.


Welcome to the forum!

FAPturbo is an enhanced version of FAP with scalping capabilities. It $149 with free updates.

Before you purchase anything for Forex, Go to http://babypips.com/school and get an education first. Do not neglect this step. Contrary to the hype this is not a set and forget system. learn before you earn.

Any broker that supports the metatrader 4 platform will work with FAPS. Forex.com is a good choice for FAP. others include FXDD, Alpari, Oanada, FXCM and others. Look for the lowest spread on eur/usd.

Once again welcome and do your homework first!

[Miksa]

Any broker that supports the metatrader 4 platform will work with FAPS ... others include FXDD, Alpari, Oanada, FXCM and others. hmm, i thought that OANDA was not a good option for an EA robot as it didn't support MT4 platform natively, out of the box.

[^eagle^]

hmm, i thought that OANDA was not a good option for an EA robot as it didn't support MT4 platform natively, out of the box.

I was not aware of that. Oanda has one of the best spreads for Eur/usd. Does that .9 spread move over to the mt4 platform?

[Miksa]

Does that .9 spread move over to the mt4 platform?eagle, i don't understand what you mean by "move over".

an ECN MT4 broker sometimes may have spread as low as 0.1-0.5 pip. and OANDA cannot compete with that as it is paid from spread.

[AngelSpike]

Thanks a lot for the feedback eagle. How do I find which broker has the least spread? Thank you once again for your guidance.