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January 2010 Update: Read my latest Fap Turbo Review here.

First of all I would like to apologize for being so quiet lately. Our second child was born on 5 January 2009 and life has been a bit chaotic over the last 2 weeks or so. Things have started to settle now and I hope to post regularly again soon.

Things have been very quiet on the Fap Turbo front since my last post on 2 January. The robot has only made 13 trades in the last 2 weeks and unfortunately 2 of these were significant losers, so my account balance is back at $3050. The fact that I haven’t really made money so far doesn’t really bother me, because this was a very difficult period to trade in due to the holidays and the Fap Turbo guys recommended to turn the robot off for most of this period anyway.

What does worry me a bit is the fact that Fap Turbo is finding it really hard to do any trading at the moment. Brokers spreads are now higher and more volatile than it was in November 2008, especially during the session when Fap Turbo trades at night, which makes it difficult for the scalper to find profitable trades. Many trades are also rejected due to “off quote” errors, so all in all the system is having a hard time making any trades. The same type of situation can be seen on the live accounts on the Fap Turbo Homepage and there is a lot of discussion going on about this in the member forum. The brokers say that all of this is just due to current market conditions and has nothing to do with Fap Turbo itself, but whether this is true or not remains to be seen. I will post another update on this soon. One thing I can say is that the Fap Turbo developers seem really committed making this a long term success story, so it would be interesting to see what happens.

In the meantime I’ve decided to kick off 2009 by testing some new Forex systems. Firstly I really want to start testing some “10 Minute a Day” manual trading Forex systems that will work for the average trader who has a full time job and limited time. I’ve already purchased 10 Minute Forex Wealth Builder and Forex Avenger for this purpose, but I’m also thinking of buying one of the following: Forex Virtuoso, Forex Assassin or Forex Massacre. There are many advantages to trading with your own manual system and I’m hoping to find at least one good strategy among these..more on this later.  In addition to this I’m also thinking of testing at least one new Forex robot like Forex Miracle or Forex Boomerang. I’m hoping to start with all of this over the next few days.

I leave you for now with this funny Forex commercial I found at YouTube..

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January 2010 Update: Read my latest Fap Turbo Scam review here.