Futures Currency Trading Advice

Futures Currency Trading - My Fap Turbo Experience

Last week was the bad for my Fap Turbo trading the EUR/USD and I incurred a 10% loss, it appeared that the robot would only sell and never buy, so many small losses were made. I have been putting all my eggs in one basket as I am still looking to trade USD/CHF, however just as I was about to move it to live trading, it two took a couple of hits, so I am continuing on in demo mode.

I have also been testing a small money management robot which is programmed to reduce losses by about 60% . When you have a trade that is loosing you can attach this robot and once you are stopped out it will enter a new trade in the opposite directions with twice the value to re coop the loss. I need to do further testing on demo accounts but it may be a way of improving my Fap Turbo trading as the two robots can co-exist together.

David Ogden
Futures Currency Trader

My Live Trading Experience

Last week I completed some tweaks on my Fap turbo live trading robot which started to produce good results, I am only live trading one pair at the moment and that is the Euro/USD, now the changes I made were to change to a 5 minute chart from the suggested I minute chart. this my sound strange and is explained in Fap Turbo Expert Guide - Click Here for details I also reduced the take profit to 20 down from 100, the result on my micro account has been a consistent number of small gains resulting in a 4% increase in my account at the end of last week.

I made the futures Currency trading changes towards the end of the week in Fapturbo and already today my account is up a further 5.8 % in early trading in the Asian market..

I have two demo accounts and am at the moment working out a strategy for trading a second pair one i can obtain some consistent result.

Until the next time

David Ogden - Futures Currency Trader

386 308 1956 after 6PM EST

Fap Turbo Trading on Alpari UK

Following a month or so of testing Fapturbo on an Alpari demo account, I started a live account at the end of May. I had planned to start at the beginning of the month but it took longer than expected to get my application approved by Alpari.

I had originally planned to funs my trading from a US account however as this is a company account I was not able to. I also ran into a problem with my local Malaysian account as I do not have paper statements, so I ended up having to request a special letter from Maybank to confirm both my account and my home address. This might be an extra step that others may have to consider. as the world continues to try to go paperless.

Well how did the trading go, I set up to trade on the USD/EUR pair and also on the USD/CHF in scalping mode, however I quickly shutdown the scalping mode as it was difficult to get a profit from the USD/CHF pair. The market was quite unpredictable and I made gains and losses of around $10 per trade. I ended the month down $10, but think my position will improve in June.

I did a little bit of manual trading to take some quick profits a couple of rather than let Fapturbo run its course and I did notice one trade appeared to be closed at the end of the month with a loss, not sure if this was Fapturbo or Alpari behind this move because my demo account also closed at the same time, so will watch out for this at the end of next month.

Many people have complained that live trading and demo trading produces different result but I am pleased to report that the combination of Fabturbo /Alpari seems to be consistence. Perhaps because both my live and demo accounts have similar balances. I note generally demo accounts tend to be opened with thousands of dollar which in my opinion is unrealistic for someone just starting out.

Watch out for my next trading update.

David Ogden
Futures Currency Trading
386 308 1956

Another mixed week with my two demo accounts. My Alpari demo account has now lost money however this was not due to Fapturbo, but was the result of testing another scalper on the same account. What it does however prove is the good futures currency trading practice of running new Robot AIs, and Indicators on a demo system before going live.

My Forex.com demo account fared well showing a small profit over the week when most pairs were moving sideways. Once again the week ended with a short carry over trade USD/EUR showing a loss but that is expected to reverse in the coming week.

David Ogden -Helping People Help Themselves.
Futures Currency Trading

Last week was not a good time for my trading using Fapturbo as I had a couple of big losses when Fapturbo moved against market trends, I decided to let the trades continue and so lost money so i will keep an eye out for this in the future. I lost on USD/CHF and EUR/GBP with Alpari.

My second demo account with Forex.com actually faired better putting me back into profit overall however I still have an open short position on EUR/USD which could change all that as the EUR is appearing to strengthen, Monday could be an interesting day.

David Ogden - Helping People Help themselves

Futures Currency Trading

386 308 1956

My trading experience

Yesterday was an interesting day as I was trying out a new broker Forex.com and so was able to compare it to Alpari UK. The most obvious difference is the changes in spread, for example Alpari spread range from 0.9-1.2 in demo mode compared with Forex.com of 2-3 which can make a different to your profit and loss.

Alpari micro account works with 1:500 leverage which works well with micro lots of 0.01 meaning that each trade is around $2 controlling $1,000 of currency, so that losses and gains are conservative. I am gaining less than $1 per trade and maximum loss is around $3 with a starting account of $200. Yesterday seemed particularly bad with a couple of loses and an overall gain of $1.

My demo account with Forex started with $3,000 and using the FapTurbo money management system the first trade was a 0.2 lot size which meant I was controlling $20,000, my first trade lost me $5 so I actually reduced my lot sizes downwards and removed the automated money management in order to play with the setting. It was interesting to know that even trading the same currency pairs, the robots entered trades at different time to scalp profits.

David Ogden - Helping people help themselves
Futures Currency Trading
386 308 1956 after 6pm EST

My futures currency trading account produced the first daily loss since I began testing my Fapturbo robot AI software, the loss was small in % terms 1.7 % but at one time it was looking like I was going to incur a loss of 12% as I was trading USD/CHF and there were some large fluctuation which the software took time to catch up on. I do know myself that if i was trading manually it was day of difficult trading and I am sure would have made mistakes, it may have been due to Announcement of a Swiss banks results.

What I do know is that is important to keep abreast of news coming from the currencies you are trading and sometimes it may be wise not to trade on day when key announcement are due like balance of trade and inflation data or general elections results unless
you know which way it might effect the currency of the country concerned..

Well that my update for today.

David Ogden - Helping People Help Themselves
Future Currency Trading

My Futures currency demo trading certainly proved why trading on Fridays is best left to expert as there large moves in USD/EUR. EUR/GBP and USD/CHF pairs and although I am using a Robot AI to run my trades, it has an option set not to trade on Fridays which could have exposed me to losses.

The Fapturbo software consistently trades short producing an average 50% gain and I will be happy if this rate of return continues this week, I am only trading 1% from my account which is an ultra safe strategies as I learn Forex Trading.

It is interesting watch the robot AI in action although you can just set and forget it, I like to see what happens if the market start to turn against it. What it actually does is modify its position changing say a sell to but at its first opportunity. Mondays can sometimes be a bad day to trade and as trading has started I am watch closely to see what is happening.

David Ogden - Helping People to Help Themselves
Futures Currency Trading Advice

Forex trading is a growing trend as people seek ways of making money work for them. Interest rates are so low that it really is not worth keeping your money in the bank. I have decided to take the plunge and evaluate forex trading to add to my portfolio of businesses which include Veretekk and TriVita.

I have to admit I know nothing about futures currency trading except unlike other futures markets you will not end up actually having to accept 200 tons of potatoes or corn if the deal turns sour. Trading is carrier out by leveraging your money so that $1 might trade as $1,000 so that any small change in currency rates will give a magnified result.

It is possible to earn or lose large sums of money especially if you have an account with say $50,000 as stake money, if you do not know what you are doing. So this might put you off as it has done with me in the past. However I discovered a futures currency trading robot which both helps you earn money and reduces possible losses.

Not wanting to risk my hard earned money I have opened a free demo trading account with an online Forex broker to test out the robot software. I have started my demo account with only $200, because when it comes time to open a real trading account that is all I am prepared to risk. The software is quite easy to use and can be setup in minutes.

I have been amazed at this futures currency trading install a forget tool in the past week it has done many micro trades risking only $2 from my account and now my account is showing a $12 profit which is just short of 1% a day this may seem small but if it keep up it will be 30% a month.

David Ogden - Helping People Help Themselves

Futures Currency Trader

386 308 1956 after 6PM EST