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FAP Turbo Terms: You Should Be Familiar With These Forex Trading Terms Before You Buy! Exclusive Bonus At Bottom Of Page... |
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FAP Turbo Review:
Basic Forex Terms You Should Know |
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When I first got inside the exclusive member's area of FAP Turbo I immediately became aware I had to learn a new "language". It was obvious that if I was to become comfortable with Forex Trading, I was going to have to learn some basic vocabulary.
IMPORTANT: I want to make one thing absolutely clear. You don't NEED to know these terms to get FAP Turbo up and running and start PROFITING from the trades it makes for you. FAP Turbo really does everything for you! I just thought knowing some basic terms would help you decide if currency trading was for you. Here are some Basic Forex Terms you'll come across when you go through the set up, testing and activation process of FAP Turbo... |
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BASIC FOREX TERMS
FAP - Stands for ForexAutoPilot. This is the auto Forex trading robot created by Marcus B. Leary, a world famous Forex trader, and his team of programmers. It was the basis of FAP Turbo... which is the tweaked version of FAP done with the permission of Marcus B. Leary.
Metatrader4 Trading Platform - This is the online trading platform designed for financial institutions dealing with Forex. (FAP Turbo is a script that is installed to the Metatrader4 trading platform allowing it to make the trades for you.)
Forex - The term most commonly used when referring to the Foreign Exchange Market.
Expert Advisor (EA) - The Expert Advisor (in this case FAP Turbo), is an automated script that is used by the trading platform software (Metatrader4) to manage positions and orders automatically.
Pip - The smallest increment of change in a foreign currency price. Currency is usually shown to 4 decimal points. So, the pip would be the difference in the last decimal point. For example, 1 pip = 0.0001 for EUR/USD. (This is different in the case of the Japanese Yen, where 1 pip = 0.01 for USD/JPY)
Spread - The point (or pip) difference between the bid and ask price of a currency pair. For example, if the numbers are 1.0850 and 1.0890... there is a spread of 5.
Currency Pair - The two currencies in a foreign exchange transaction. "EUR/USD" is an example of a currency pair.
Stop Loss - Order to buy or sell when a given price is reached or passed to liquidate part or all of an existing position. This order restricts losses at a pre-specified price level... very important!
Drawdown - The decline in account balance from peak to valley, until the account surpasses the previous high, usually measured in percentage terms.
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I got FAP Turbo partially because I didn't want to spend the time and effort necessary to learn Forex Trading for myself and do all the trading by hand. And quite frankly, I don't need to know any of these Basic Forex Terms to use FAP Turbo and make money in the currency exchange market. But I don't want to be completely ignorant of what's going on either!
FAP Turbo makes profiting from the currency market a snap...
Click the image below to get started with FAP Turbo today!
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*** EXCLUSIVE BONUS ***
Getting FAP Turbo is the first step to putting your Forex Trading on autopilot and becoming a high-earning trader. But even with the power of FAP Turbo behind you... there are still ways YOU can become an obstacle to your own success! I aught to know... I've ALREADY gone through the very process you are about to!
Buy FAP Turbo through my link, and I'll give you,
ABSOLUTELY FREE, this Special Report...
"How To Go From FAP Turbo "Newbie"
To Steel Nerved Forex Trading Master" |
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To Your Forex Trading Success, Edward A Happy FAP Turbo Member |