FAPturbo Has NOT Made Me Rich!
So I am now officially 10 days into my test...and I am FRUSTRATED!! I have NOT made a SINGLE RED CENT on FAPturbo!!
I am more ticked than a swiss watch...OK...I admit that was lame.
So, why am I SO upset?
I am frustrated because when I submitted all the paperwork to the forex broker I chose (IBFX) somehow my paperwork was misplaced, so I am still not trading LIVE! The reason I decided to use IBFX instead of ForexMeta (the one FAPturbo suggests) was because they had a better spread AND because it was the main broker that the guys at FAPturbo used.
So...I am NOT upset with the FAPturbo, but simply that the only money I am making is imaginary!
You may be thinking, "So, how IS your demo account?"
I am glad you asked.
My current balance on my initial $3,000 USD demo account is now a whopping $3,962.11 USD! That is a svelte 32% in only 10 days!
In the spirit of honesty I HAVE recently had some trades that lost money. One trade lost $3.33 yesterday and today I lost $1.60. I got over the loss pretty quickly though!
OK. Here is the BIG issue that EVERYONE had been talking about. Drawdown. As many have complained, I have also had some trades that went negative before closing. FAPturbo has this unique thing of going long and short on EUR/USD in long-term mode, and it can cause heart palpitations because you see one trade going UP and the other going DOWN.
That being said, I still have not had any major losing trades. Here's why. FAPturbo by default will close out all outstanding long-term trades at the end of the month. If I had that setting ON I would probably have been back to square one with my account. But, I shut it off, so my trades that were in drawdown did NOT close at the end of November! In fact, two of those trades already bounced back and closed at $140 each.
If you are interested in tweaking that setting it is: FAPturbo_CloseAfterXMonths. If you set it to 1 it will close every month, if you set it to 2 it will close every other month and so forth. If you set it to 0...it shuts off.
