How to get a nice passive income with Fapturbo

This text will explain the basics of FAP Turbo and all information you need to get started.

Okay, what is FAP Turbo really?

FAP Turbo is a small piece of software that automatically buys and sells currencies at the global Forex markets and it can produce weekly profits in the 6-10% range with decent risk level. Taking the effect of compounding interest into regard, even a relatively small forex account can grow to very large net worth within limited time frames. FAP Turbo runs inside a trading platform called Metatrader which is used by a large number of retail forex brokers.

The forex market is an enormous market where all major currencies is traded and the average daily turnover is a staggering USD 4 trillion. The market is dominated by banks, commercial companies, central banks and hedge funds. A small fraction of the market is traded by retail traders (individuals).

If you consider using FAP Turbo expert advisor or if you are interested to learn more about the forex markets we highly recommend the “School of Pipsology” at Babypips.com. It’s 100% free. As always, knowledge is the key to success. In order to be successful with FAP Turbo you need to acquire basic knowledge of the forex markets before you start using FAP Turbo.

Link to School of Pipsology: http://www.babypips.com/school/

How does the trading strategy of FAP Turbo work?

The forex market is open 24 h a day and is broken down into three sessions; the Asian session (Tokyo), the European session (London) and the North American session (New York). During the Asian session the European currency pairs tend to be traded in very low volume and with no particular trend. FAP Turbo takes advantage of this repeatable market pattern and makes small profits on each trade during this range market. The win rate is around 90% and losses are usually kept small.

So if you want a growing passive income, what’s needed to get started with FAP Turbo?

To get started with FAP Turbo you need the following:

- A FAP Turbo licence (USD 149 onetime payment)

- A Forex Brokerage Account (free)

- A VPS - Virtual Private Server (~ USD 20/month)

- Web based account statistics (free)

Acquiring a FAP Turbo licence

Getting hold of a FAP Turbo licence is done here: www.fapturbo.com

Scroll down to the bottom of the page and press the red download button.

Payment is done either by Paypal or Credit Card. We recommend using version 37, not version 45 with more parameters. Defaults settings (or almost default settings) is very good with FAP Turbo.

Setting up a Forex Brokerage Account

Next step is to select a broker. This is one of the most critical steps in setting up a profitable FAP Turbo solution. Profitability across brokers vary significantly. Some brokers does not even allow FAP Turbo and others is simply unprofitable. We have spent quite a bit of time on finding the best broker. So far we can only recommend Alpari Uk. We have had great success with this broker so far. Please check our results to the right. Please note that many brokers are not regulated by any financial authorities. If you opt to go with any other broker apart from those we recommend. Check their homepage carefully. Is their address stated on the page? Are the regulated by any governing body such as FSA or NFA? Scams are common, so be careful when selecting a broker and try to go with the larger, more reputable ones. FAP Turbo works best with brokers with tight spreads, you should therefore try to find a broker with a spread no more than 5 pips on the pairs you wish to trade. Always start with a demo licence and run FAP Turbo on demo for at least 4 weeks before going live.

A demo account with Alpari UK can be set up here:

http://www.alpari-idc.com/en/new_to_markets/trade/mt4_pc.html

Install the Meta Trader4 platform and activate your FAP Turbo demo account by following the guide provided by FAP Turbo.The next step that will determine success or failure with FAP Turbo is selection of trading strategy.

Following these advice in combination with selecting a profitable broker and you have a high chance of being successful with FAP Turbo. In our opinion, the long term strategy does not really work in the long run and based on all trade statistics we have seen its only recommended to trade EURGBP and EURCHF.

VPS - Virtual Private Server

Is recommended, but not necessary to set up a Virtual Private Server and run your FAP Turbo account on this. This will allow you to run FAP Turbo 24/7 without being dependent on making sure that your personal computer is on everytime its time for FAP Turbo to trade. We recommend SWVPS which is a very good VPS service that we are using ourselves and is only USD 20 a month for their most basic Windows VPS Plan. C k Owyong has written a very good guide about setting up a VPS. Check it out here: http://ckowyong.com/blog/?page_id=20 Please don’t forget to “buy Ck a cup of coffee” if you find his guide useful! We recommend step 1-2 in this guide and a weekly reboot of the VPS when FAP Turbo is not trading.

Web based account statistics

Finally if you wish to be able to monitor trading results from the web or share results with others can set up an account with mt4stats.com. Its an excellent service and its free of charge.Simply enter a username, password and email address here: http://www.mt4stats.com/ Once you get your activation code, you will get instructions on how to setup your account. The settings should be entered under Tools/Options/Publisher in Metatrader 4

/Northtradingbrothers