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October 20, 2006

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Eric Gondek

Ok...I know what all of you guys are saying because I said it myself another investment strategy mlm. Not quite!

My dad showed me FreedomRocks about a month ago. I had been researching the forex market for about six months and trying to develop a trading system that worked for me. Unsuccessfully might I add.

I hesitantly watched the FreedomRocks videos (MLM meets investment SCREAMS scam to me). After I watched the video and googled FreedomRocks I decided to sign up, intending on proving the system wrong within a month through demo trading and back testing. Perhaps I would gain some valuable knowledge about the forex market, who knows. When you’re talking forex, $189 isn’t bad, (worldforex.org wants 500 for your first month and 800 every month after that).

After I signed up, I kept reading posts like these to figure out what the "experts" were saying was wrong with FR. I am not the kind of person who would just blindly throw my money into an investment without understanding ALL of the risks. Before I get into what I figured out let me explain a little about FreedomRocks.

For those of you who don't know, FreedomRocks trades 2-4 currency pairs. For example I have been trading the EUR/USD and USD/CHF. When either pair goes up or down, (around 70-100 pips) you buy or sell around 2% of your total investment in that pair. (You do this by trade orders, you don’t have to sit there and watch it, you check it once or twice a day)This changes your basis as the currency moves up and down. The intent is to hedge your trades with a correlating trade to minimize risk and earn interest or swap rates. Now I’ll tell you exactly what I did.

All over in these posts forex "experts" are saying that the correlating EUR/CHF is in a bullish trend right now and FreedomRockers will be losing their money WHEN that changes. I know it will eventually change and I was a little scared about it, so I decided to back test this theory; history repeats itself right? I went back to Jan 1 1997, why you might ask? It is one of the highest point in the EUR/CHF chart in the last 10 years, and it's followed by a long deep downtrend. I looked over my daunting task and decided to start with a month, (I'm back testing by hand because the FR Strategy includes buying and selling small lots sometimes daily and your buy/sell rates have many variables) I picked January of 1997.

Here's what happened in January of 1997 with the EUR/CHF Open-1/2/97 @ 1.4495, Open 2/12/97 @ 1.6734 a NEGATIVE 301 pip change! Almost no one's forex portfolio could handle that, FreedomRocks portfolios DID!(although they weren't around in 1997) The result of that -301 pip change was only -$1,145.10 and the portfolio recovered to a positive $247 by close of the same day! That is just on the trades and your basis. Your interest on that trade in today’s rates would bring you another $200-300 for the month! I guess the “experts” either don’t understand the system or didn’t do their research.

Now I know what you’re thinking, this guy just picked the one downtrend in the last 10 years the FR software would have withstood. NO! I picked this randomly, it took me about 4 hours to do otherwise I would have continued. These results are based on trading with a 10,000 account on 200:1 leverage and trading 15% of your account. And it’s the system that did the magic, I just kept putting the numbers in.

I am still looking for a time when I would have had a margin call using the FR software. If you have any ideas for me to back test, or you would like to see the results of my back testing in Excel, or you're curious about FreedomRocks, please contact me. I am still trying furiously to prove this system wrong before I put any of my own money into it.

Cell: 651-303-3439
Email: ericgondek@hotmail.com
FR Page: www.freedomrocks.com/information

PS. Yes it is MLM, you don't have to sign up to be a rep though. The trading system is WELL worth $100/mo.

Nick

My mother-in-law showed me this system and it is very exciting! I just started my live money account last week and I am already in the green.

It's growing and seems real to me. Email me if you are interested in making 30% or more on your investments OR if you want to build the business.

nsoniat@bww.com

steven davies

I am developing a trading system at the forex market.It works fine for now.Piece of luck I think and I will continue.

Jonathan Stevens

The reason that some predict that Mark Vincellete will be on the cover of Time magazine is because of his brilliant strategy he developed for the Forex market. He is revolutionizing investing. Making huge amounts of money and retiring young is not just for hedge fund managers. Investors who follow this program have been making unheard of returns. Due to compliance issues I cannot reveal the returns on investment but when you demo the program you will see for yourself. Once you see the power of the program you will confidentially tell everyone you know about it. That is why the company is growing 40% a month with no advertising. This is a Forex hedge strategy that reduces the risk in this emerging market and anyone can invest because of its simplicity. Instead of spending thousands of dollars and staying up all night it costs 100 bucks a month and takes 10-20 minutes a week to manage. You can follow the strategy with play money until you see how it works and are comfortable with investing. Don’t take me word for it though. Try it out for free. Watch the video presentation on the site below. It will explain everything through the video. Best Regards

RULE OF 72
5000 @ 12% a month = 1.2 million in 4 years. 19 million in 6 years.

Ruediger Roller

I am a FR rep since exactly a year. As a newbie to the FOREX market I had a demo account the month I entered . It showed that the system was working. To market FR in Germany I decided to setup my own website. It is in pre launch and I have to put more content there. As I'll collect results I want to post more comments in here.

Good luck to you all.

Jerry

This looks very interesting. I'd like to know if the representatives can know that they might have some insurance for return on their investment. Direct marketing does seem to be the wave of the future, though.

Jerry
www.leads4insurance.com

Jonathan

The reason that some predict that Mark Vincellete will be on the cover of Time magazine is because of his brilliant strategy he developed for the Forex market. He is revolutionizing investing. Making huge amounts of money and retiring young is not just for hedge fund managers. Investors who follow this program have been making unheard of returns. I have not seen anything like this. Due to compliance issues I cannot reveal the returns on investment but when you demo the program you will see for yourself. Once you see the power of the program you will confidentially tell everyone you know about it. That is why the company is growing 40% a month by word of mouth. This is a Forex hedge strategy that reduces the risk in this emerging market and anyone can invest because of its simplicity. Instead of spending thousands of dollars and staying up all night it costs 100 bucks a month and takes 10-20 minutes a week to manage. You can follow the strategy with play money until you see how it works and are comfortable with investing. Don’t take me word for it though. Research the strategy. Watch the video presentation on the site below. It will explain everything through the video. www.currencyleader.com. Best Regards

Jerry

Ruediger is taking the lead on bringing this company into Germany, apparently - is there any insurance in place for moving them into other countries, as well? It would seem to be a system that would "travel well," so to speak. Recht Viel Erfolg, Ruediger!
Jerry
www.leads4insurance.com

Learn forex currency trading

Just joined FreedomRocks today.

Will provide 3 month reports on my progress to this blog as a complete novice with the software

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Doris

Congratulations for your blog, I find it very interesting, I wonder if they know of any course that will allow me to make money with forex? Thank you for your reply.

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Forex Tracer

Thanks for the post mate.

Paul

How has this worked out for you lot - anyone got any input please?

Paul
http://www.totalpips.com

Online Forex

In order to bring an element of disciple into Forex trading, two chief Forex trading strategies may be adopted, Simple Moving Averages and Support and Resistance Levels. It is not true that a complex system will ensure you success. A simple trading system is just as effective in helping you bring in profits in currency trading.

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regionmap

thank you for that
This is a very touching blog, If I only could have had an idea I wish I had read the You inspired me to be a bloggermaterial on here sooner. Thanks for sharing everything this is a very nice blog

Jason

Hungary's financial market regulator PSzÃ?F on Monday said it reported Freedom Rocks Inc, a US-based distributor of software for forex trading, to the police on suspicion of organizing a pyramid scheme. PSzÃ?F said an investigation it carried out established that Freedom Rock's activities cannot be classified as investment services or the intermediation of such services, but it still warned potential clients of attached risks.PSzÃ?F warned that neither Freedom Rocks nor the brokerages it recommends fall under PSzÃ?F's regulatory powers. Neither are members of Hungary's National Deposit Protection Fund or Investment Protection Fund. Because they are all based abroad, legal recourse may not be taken in Hungary, PSzÃ?F added.Information distributed about Freedom Rocks puts special emphasis on network-building, namely recommending the company's products to other clients, while it fails to draw attention to the additional financial risks related to FX trading, PSzÃ?F said. Also, Freedom Rocks introduced One World Forex - a now defunct broker as one of their recommended FX brokers and did not tell anyone that OWFX was in trouble until it was too late to get out. People have lost hundreds of thousands of dollars and there is a lawsuit being prepared against FR for their involvement.

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Triactol

Company offers a business opportunity to share its Wealth Builder Forex System with others through Network Marketing

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