New Developments

There have been some considerable new developments at Freedom Rocks recently. They have introduced three new products, and very exciting they are too.

Let me first recap the original product, the one that began this blog. This was a novice’s system to allow people like yours truly, a forex virgin, to get access to and profit from the 3.5 TRILLION dollars a day foreign exchange industry.

3.5 trillion is a lot of money to be wasted on the rich and fiscally educated, so I figured it was about time some of it came my way.

This product requires just five minutes of my time a day and all I have to do is to feed the data of the performance of my account to my personal Freedom Rocks account manager, then take back the new data calculates and feed it into my forex account. Easy.

It really IS working for me, and those of you who have followed my blog from the start will know that when I embarked on this adventure I wasn’t at all sure it would work for me. I will provide some more numbers and progress reports in another post.

Freedom Rocks have now made it even easier for the forex virgin with their new Freedom Select product. This is a fully automated “set and forget” system that requires you do absolutely NOTHING. Well, obviously you have to set the account up, and it would be wise to stick you head in the window now and again just to see how much money you are making and occasionally you might like to cream off the profits, but seriously, you do nothing at all.

The system has been back tested to 2003 and also on current live data to the present day and it’s performance has been on average 24% per annum and the highest it ever achieved, (but certainly should not be considered normal) is 80%.

The second product, called Freedom Of Choice, is slightly more complicated. In essence, if I understand it correctly, it is a fully manual hands on system using pre-sets and every tool a professional needs and uses to create their own UNIQUE trading system, so it’s performance is entirely up to you. Now I am not experienced enough to even contemplate using this product, so I will probably give it a miss, but if you know what you are doing then this product looks very exciting and could be just what you are looking for. I have looked at the system, I have joined it for a trial period, but I already know that it is too comprehensive and therefore too complicated for me. It may not be, though, too complicated for you.

Finally, the last product is called the Freedom Accelerator. Recognizing that one of the greatest impediments to wise investing is DEBT the good people at Freedom Rocks have developed a graphical interface to help you reduce your debt.

By allowing the Freedom Accelerator to manage your debt for you, a typical debt that might take 10 years to pay off can be paid off in just 6 or less years saving thousands of dollars in interest. If you are in debt and could do with a little advise then click here for the Freedom Accelerator.

To Wealth or Not To wealth

Hi there,

I haven’t posted for some time now because unless you are investing in the latest and greatest internet scam then watching your common or garden legitimate investment only rising by a mere 40% over three months is not of any interest.

It is like watching paint dry.

But let’s not permit REAL wealth creation be obliterated by your average scam.

Let’s face it, your average internet wealth creating scheme requires you to do absolutely nothing, have total faith in total strangers and requires you to give them money, despite the fact you don’t know them from Adam.

Freedom Rocks does not ask you to give them your money, it gives you total control over your own money and it gives you considerable earnings potential.

I have accounts with Freedom Rocks which have increased by over 40% in three months. I have one account which started out as a $2500 investment and it is now worth $4000.I have another account which started out as $50,000 and is now, after three months, worth $ 750000.

I would strenuously recommend Freedom Rocks’ system. Go for it. You wont regret it.

Show Me Some Interest and I’ll Show you Mine

It’s been a while since I last left a blog about Freedom Rocks. Well, one of the reasons, was that I have been a bit busy in my personal life, but one other reason was that I was disappointed that I had not earned a fortune in a ridiculously short amount of time for doing absolutely nothing.

Fair enough???

Well, yes for 99.9 percent of the Internet marketing fledglings, but not for a Freedom Rocks aficionado.

To be honest my “well earned” profits that I had taken for granted retracted so that after a couple of months it seemed that I was back to my original starting point. I didn’t want to report that, right?

But I had promised to report the warts and all of the Freedom Rocks system, so I came back and reviewed the situation, and I was confounded to find that I had misread the situation.

Yes, my “equity” had reverted back to an earlier level,  but when I checked the interest I had earned on from the investment I had made (irrespective of the ups and downs of the forex market) I discovered that I had earned the equivalent of 20% per annum, so this was much better than if I had left my money languishing in a local bank or financial institution.

Just as I was contemplating this my equity shot right back up to the equivalent of 10% per annum on top of the 20% per annum I was already getting, so the total result I was earning was 30% per annum. And this in a period when I felt I might be losing!! But far from losing I was WININNG WINNING WINNING. A LOT.

30% per annum to be precise.

My appologies to Freedom Rocks for doubting them, I hang my head in shame.

Now I am looking forward to my next Freedom Rocks investment report.

Just an Ordinary update

I only wish to give a brief update here about the Freedom Rocks system. Essentially  things have been a bit slow in my accounts. The weekend has just been and gone and this is the only brief respite in the forex market. But BRIEF it is and I appreciate that it actually  exists.

One of the reasons I was interested in the Forex market initially was because I was told it was a 24 hour 7 day a week market, but then if that was the case it meant 24 hour 7 day monitoring too which is too much, especially for me – a hobby investor.

But luckily it isn’t the case. It is fairly relentless, but the market has times when the time zones permit a bit of piece and quiet. Sometimes during the week there are times when NO markets are open, but most often when there is a market open there is just the one. Occasionally there are two markets open simultaneously, typically as one market is closing down for the day and the other is just gearing up. And for a brief time each day there are three major markets open at the same time. But, as I say, only for a brief time.

So it is with a little relief when my Saturday morning comes along, because that coincides with the last few hours of the last market to be open before weekend proper, the US market. I check my Freedom Rocks accounts, see if any limit buy or sell orders have been triggered. If so, I take that information to Freedom Rocks’ Portfolio Managers and get new instructions on what to do next. It is a five to ten minute job and then I relax for the rest of the weekend… and then some.

Tokyo doesn’t open until halfway through my Monday, and then of course it will take a little time for any action there to rev up and have some impact on the state of the various currencies, so as far as I have observed I have my Saturday, Sunday and usually Monday off. I still check it on a Monday of course, but usually I don’t have to take any new action until at least Tuesday. So it isn’t really intense or stressful at all.

I began this entry about the Freedom Rocks system with the intention of talking about the actual figures, the rises, the falls etc, but somehow the blog had a mind of its own and I ended up talking about something I had no intention of writing about. But…. c’est la vie.

That entry was so relaxing, I think that given the tone of the blog I will leave it at that; relaxing in the summer breeze with a Bourbon and coke swinging on my hammock watching the sun go down.

The Original Forex Virgin

I am The Original Forex Virgin. I’m willing to take a risk and publish the wins and the losses in the Forex Market. I have found a system I like and I have now invested in both the system AND the forex market with my own real “live” funds. The system is called the Freedom Rocks system, and it works on two main levels by ensuring that you always buy low and sell high and gain daily interest on the funds you have invested. The interest is substantially greater than that you can get from your bank, but then the risks are greater too.

So, one step at a time. The next time I write to you it will be to give you more facts and figures to see whether the system is still working, and whether I am making a profit.

I’ll make the mistakes so that you don’t have to.

My Live account. Did it work for me?

I opened and funded my Live account with some trepidation because:

A: This was my first foray into Forex
B: This was REAL money
C: This was MY money

Now, I know that you are not supposed to invest money you cannot afford to lose, and this is exactly how I approached this excersise. However, to have lost it would still have grieved me. I do not have endless funds sitting in bank accounts and I had to stretch my resources to achieve this.

My logic was that if it succeeded then I would be better off, but if it did not,
then I would have learned somethingabout which, had I not tried it I would have wondered and wondered about it forever.

There were other ways around it, of course. For instance I could have invested in one of those Forex systems which claim that you can begin investing for as little as $1. Yes, I know it is hard to believe, but that is one claim out there I have seen. Another, less sad way of doing it was to utilise one area of the brokers’ that Freedom Rocks uses, and that was to open a mini account. A mini account means that you can begin investing with high leaverage (400:1) for as little as $100. I seriously considered this for a while, for obvious reasons. However, a little further investigation revealed that that small amount in conjunction with the small amount of interest earned and the limited number of stocks one could buy meant that at its very best performance it could never earn enough return even to cover the subscription to Freedom Rocks.

It was fortunate that I was able to find the next step up, which was, I believe, $2000. I actually managed to find $2500. This was an important figure to me, also, because it was the sum I “invested” originally in my demo accounts, and it would have been an interesting rule of thumb to compare them.

I wont bog you down with financial data. I wont even produce images of statements “proving” what I say. One reason is because we all know images can me manipulated, another is because I would prefer to keep some details private, and a third reason is… if you don’t believe what I am saying what on earth are you reading this for?

I invested $2500. It has now increased to $2850, which is 13% over 12 days. I stand to be corrected, but if I do my maths correctly, then that works out at an annual interest rate of 425%!

Inclusive in the above is the interest gained, $14.35. Not a record breaker, that’s for sure, but in context, it is $14.35 earned over 12 days and is equivalent to 17.46% per anum, which easily beats my local banks. It also beats my local lending financial institutions of which 21 have gone into liquidation over the last 12 months. Many of their demises triggered by the sub-prime lending debacle in the USA.

Damn it. I nearly got away with not mentioning global conditions that affect the world economy. I don’t fully understand them, so that will be all I have to say for the moment on those.

Why my $50,000 account did so much better

Nothing in this world is a given. Both my demo accounts could have gone down or remained the same. But because Freedom Rocks has stacked the odds in our favour they both rose. My $2,500 account is now at $3,500 and my $50,000 account was last seen touching $73,000. That is $1,000 profit over 60 days and $23,000 profit over 50 days respectively.

The reason is simple. 10% of $1,000 is greater than 10% of $10, and it’s all to do with percentages. I was able to buy more Lots with the larger account, which, when they rose, earned me more money when I sold them. Also the interest earned on that account was considerably more than the smaller account, and don’t forget, you get paid interest daily.

I have just checked my interest for both accounts.
My smaller account has been getting a projected annual interest rate of 17%, whilst my larger account has been receiving a projected annual interest rate of 16%, and the Freedom Rocks system actually predicted this rate.
I could have got a higher interest rate if I had wanted, but that would have increased my risk, and Freedom Rocks always urges you to be careful and leave Mr Greedy outside the door. He is not allowed over my threshhold.

This is on top of the earnings gained through buying low and selling high.

I wont bother quoting numbers, but my first demo account in which I made a terminal mistake in has since recovered, is now in profit and earning an interest rate similar to the ones quoted above.

But this is just Monopoly money, isn’t it? What about the REAL account with the REAL money?

Well, I’ll tell you about that next time.

How my demo accounts performed… and more

I now had two new demo accounts. One was based on what I could actually afford, $2,500 and the other was a “wish” account! (If only I could afford more!) So this was started at $50,000.

I wont beat about the bush. Why? Well… a lot of forex and financial blogs and newsletters I have subscribed to say things like….

“The index rose three and half points today buoyed on the strength of the banking industry, but was impeded only by the persistence of the commodities market which re-acted to the down turn in the poor performance of the Prime Mortgage Interest rates.”

or

“The strength of the US interest rate was under minded today by the announcement by the Federal Reserve Bank that they anticipated a restricted positive performance growth in the next third quarter.”

I didn’t know what that meant when I wrote it and I didn’t understand it when I read it originally in endlessly repetitive reports purporting to help me make my decisions. They didn’t.

The thing I like about Freedom Rocks is that the direction of the market is relatively irrelevant. Like most things, this is not entirely true.

For instance, if the logic one follows (as is the logic of the Freedom Rocks system) that one needs to BUY LOW and SELL HIGH, then if the market is in perpetual decline, therefore one is perpetually buying and not selling and will eventually eat up your capital. Equally, if the market is in a boom time and keeps rising then one will keep selling, but eventually you will obviously run out of lots to sell.

The system relies on the slim chance that the market does not go in a straight line, but whilst adhering to a trend, goes up some days/hours and goes down other days/hours.

Now this, not surprisingly, is exactly what the market does! Straight lines are OUT and seemingly random meanderings are IN.

Because you will inevitably make a profit by a rise or fall in the market followed by a correction (as described above) the next bit will excite you, I hope, as much as it excited me. For the money that you commit to the market you will be paid interest! Now it is also true that you will have to pay interest as well, but the Freedom Rocks system endeavours to make sure that the interest you pay is less than the interest you receive. It gets better all the time! I will go into the interest I am earning in a later blog.

Yes, I know I said I wouldn’t beat about the bush, and I have, but I’ve been distracted by my inability to resist verbosity. It is one of my many failings.

To cut a long story short. After two weeks my $2500 account had risen to $3000. My $50,000 account had risen to $70,000.

Either way, they more than paid for my subscription to Freedom Rocks. Well… they would have if it was real money. But it wasn’t. The aforementioned details were very encouraging, but if it isn’t money I can cash out and put in my bank account then it isn’t worth anything at all.

But that is what my newly created Live account was all about, and that was just about to kick in. So, the things I have to tell you about in the next few blogs are:

1 My earning through interest
2 How any why my $50,000 account did so well in comparison to my $2500
3 Why didn’t I go for the $100 mini account
4 Just how well did my Live account do.

Stay tuned…….

How my demo accounts progressed

Subscription data is, in my opinion, so much better than outright purchase because once you have purchased, and once they have your money, there is no incentive for your supplier to maintain good service, or even ANY service. I was recently tempted to buy (outright) a software package that would have cost me just under $8000. I eventually rejected the idea for reasons I wont go into here, but I later discovered it was a scam, so my full payment and my future data feeds would have been a complete waste. That single outlay would have financed just over six years of my current subscription to Freedom Rocks.

To anyone who has just joined me at this particular article let me re-iterate what this is all about. I am chronicling my uneducated and amateur attempts to enter the forex market, so, as I put it, I will make the mistakes so you don’t have to. To fully appreciate this I recommend that anyone reads my diary from the beginning. It isn’t long, and the information is cumulative.

I opened a 15 day free trial. I “deposited” a fictitious $2500 with my broker (GFT) and I followed the rules as laid out by the system and purchased a set amount of foreign exchange Lots.

15 days may seem like a long time, and indeed, by comparison with a lot of free trials it is, but nonetheless, it still flies by.

What it entailed was for me was to check my brokers account daily. I usually did it first thing in the morning. I was to check as to whether there had been either a “Sell” or a “Buy”. The system dictates that after an initial purchase that you then put in place two separate orders to your broker. One to sell if it goes to a certain High, and one to buy if the price drops to a bargain basement Low. They do this because one of their methods of earning you money is to ensure that you Buy low and Sell high. Depending on which way the market had gone I took that information to Freedom Rocks and they give me back the new data I need for the next step. I return to my broker and apply that data. It takes less than 10 minutes, and that is usually all I do each day.

After the 15 days was up, so was my account by approximately $400 and I reasoned that that amount of return would more than offset my subscription.

I later learned that such a rise on the amount of money I had “deposited” was in fact unusually high and it is often, and perhaps should have been, less. But I didn’t know that then, so I took the bull by the horns and made myself a fully paid up member and set in train the applications and paper work required to obtain a “Live” account with my broker. This process is slightly more difficult, (for legal reasons), to set up than it was to set up a demo account, so whilst I had some time on my hands I decided to keep going with my demo account.

This is where I got lax, and this should be a warning to you all. Complacency set in. After all, I had been doing it for 15 days hadn’t I? It really wasn’t that difficult, so I took my mind off the game. I made an error in transferring the data and applying it correctly.

It was only a demo account, so I didn’t panic; no money had been risked or lost. BUT IT COULD HAVE BEEN.

I tried to adjust the account to get it back on course, but because of my lack of financial skills, be they accounting or forex, I made confusing decisions and ended up getting a confused result. This is not the fault of the system, it was MY fault. I decided to open up another demo account, and this time make damn sure that I adhered to the system and did not become too arrogant. In fact I decided to open TWO more demo accounts.

One was as per my first demo account with a deposit of $2500 and the other was to deposit $50,000, a sum of money I could not possibly afford, but I could still play my demo account as if I did have that amount to spare.

So, armed with my account with Freedom Rocks converted to full, a live GFT account on the way and two new demo account awaiting me I set forth to see what I could achieve in the mean time, and that is what I will describe next time.

Demo Accounts, Ad infinitum

Let’s get a few things straight!

1 The posts in this blog are my opinions. They have not been approved or reviewed by, and do not in any way represent the views, opinions, or policies of Freedom Rocks.

2 Forex trading is a highly leveraged, dynamic class of investing in which only risk capital should be used. ‘Risk capital” is defined as money which would not represent a significant change in your day-to-day lifestyle if it were lost. Significant profits and losses can result from over- leveraged positions, improper risk management, and lack of understanding about the FreedomRocks software and/or your broker’s trading platform. Always practice with a demo account until you are 100% comfortable with these concepts and functions.

Phew…., now let’s move on…. my demo accounts.

I have three now. The first is dubious because I made a terrible mistake. I cannot tell you what that mistake was because I was making notes on the back of an envelope and committing most transactions to memory. Duh!!!

But ultimately, I made a mistake with one of my NEW demo accounts that I had sworn I would NOT make a mistake in.

What I actually did was fail to place an order for the sale of SEVEN lots of EUR/USD and instead placed an order for the sale of ONE lot of EUR/USD!!!!!! This ought to have been severely devastating.

I had now learned from my mistake in my initial portfolio that I ought to have sold up and started from scratch, but I made a deliberate decision to see how things went despite my mistake. In other words, my mistake was now apart of the experiment. The mistake has been made in my $50,000 portfolio (the one I couldn’t actually afford), so I waited with bated breath to see how it would have affected me had the money been real!

In the meantime, the portfolio I had set up to replace the original one I had made a terrible error in kept going, but the original mistake seemed terminal, and it did not recover. I have to say right now that the results of my mistake are more likely to be the result of me trying to put it right AFTER the event, which as we all know failed miserably.

Here is the good bit, though. Despite the negative mistake I made… to this date, the $50,000 investment I made is now $70,000. That is an increase of $20,000. And not very bad if you don’t mind me saying so.

The account that I set up with exactly the same amount of money I intended to set up my LIVE account with had increased from $2500 to $3000 in one and a half months. $500!!! More than enough to pay for my monthly subscription.

See you next time.

forexvirgin