General FreedomRocks Questions
What is the FreedomRocks refund policy?
The FreedomRocks refund policy states that the initial startup or the monthly renewal charge will be returned in full if a request is made within 10 days. You will receive a 50% refund if a request is made between days 11 and 30. After 30 days there are no refunds.
What is the suggested amount for my initial investment?
In order to properly follow the FreedomRocks system, $5,000-$10,000 is the suggested minimum. This number is suggested to make sure that you have a properly balanced portfolio and you are able to purchase enough "lots" which is achieved through buying "lots" of currency pairs.
If you do not have that amount to start it is possible to begin with $500. If you choose this option you will need to reduce your lot size to 100 as opposed to a 1K or 10K lot size in order to cover the minimum 20 of each currency pair required. Just make sure that your broker will allow this before starting.
Questions about FreedomRocks Wealth Builder Program
Do you provide any results on your website as far as what type of returns can be expected?
No, and the reason for this is quite simple. Anyone can falsify numbers and data to make something look better than it really is. We prefer that you open a demo account with a FOREX broker, listen to the weekly FreedomRocks training calls and see for yourself how the FreedomRocks Wealth Builder program will work for you.
Is my money invested with FreedomRocks?
No, your money will be invested with a brokerage firm that you choose for yourself. FreedomRocks can recommend a broker for you, but it is ultimately up to you. FreedomRocks is not a brokerage firm and has no control over your investments.
How is the FreedomRocks software accessed?
Upon signing up you will receive an ID number. This ID number will be used to gain access to the FreedomRocks Command Center website where you can use the FreedomRocks software. Visit the Command Center here at: http://www.freedomrocks.com/CommandCenter
How is FreedomRocks trading system any different from other trading systems?
Well for one, the FreedomRocks Wealth Builder program is completely different than anything you've ever seen before.
-You control your money with your own brokerage account and you place all of your own trades
-No confusing charts or graphs to read
-No research
-No signals
-You will trade in currency pairs which always move in opposite directions
-You rarely exit your position
-It only takes a few minutes a week to manage a portfolio of any size
-There is no need to "watch" your account all night long when the market is most active
-You can select your interest rate. Keep in mind the higher the rate the higher the risk!
How is it possible to earn interest daily on my investment?
The interest is calculated from the difference between the currency pairs that you purchase. When you buy the currency with the highest interest rate and sell the currency with the lowest, you will earn interest daily. The interest is usually figured at 5:00pm EST. Interest is paid in triple on Wednesday to compensate for the market closing on the weekends. With the FreedomRocks Portfolio Allocator you select your interest rate, keeping in mind that the higher the interest rate, the greater the risk.
Do you offer training for people that have no experience with trading in the FOREX market?
The nice thing about FreedomRocks is that it has been designed with the assumption that you have no prior experience. The FOREX training page on the FreedomRocks website has step-by-step instructions in full detail. There is also a weekly training conference call and there are three online video presentations which outline trading in the FOREX market. With all that is available to help you, most people are up and running in a few hours.
FreedomRocks System Questions
How is the interest that I will receive determined?
Since the FreedomRocks software is designed so that you choose opposing currency pairs you will receive your interest based on the difference between the interest paid and the interest received on a daily basis. The software will calculate the annual rate of return based on the daily interest that is deposited into your account.
Two things will affect your annual rate of return: the first is the currency pairs that you will invest in and the second is the percent of your money that you choose to trade with.
Firstly, the interest rate of a given country's currency will determine the interest paid. Some currency pairs will pay a higher interest rate to you and some will pay you a lower interest rate. When you allocate your portfolio you can affect your annual interest by determining which currency pair you would like to invest more money into. Remember some currency pairs are more volatile than others.
Secondly, the more you invest the greater your return because you are leveraging the money in your account. FreedomRocks does not recommend using more than 30% of your portfolio.
Can you give me a good explanation concerning the various ratios? (i.e. 100:1, 200:1 or 400:1)
The amount of money you control in the FOREX market with the amount of money you have in your account is the ratio, or leverage. This enables you to control 100 to 400 times more money than you have in your account.
100:1 means that for every $1 in your account, you control $100 in currency.
200:1 means that for every $1 in your account, you control $200 in currency.
400:1 means that for every $1 in your account, you control $400 in currency.
Margin call, what does that mean?
When the value of the positions you have purchased falls below the money you have in reserve a margin call is triggered. When this happens in the FOREX market all of your open positions are closed, which is why you will want to have enough money in your reserve account to cover these occurrences.
Some examples with a $10,000 account:
#1 - You invest $8,000 at 100:1. This is 80% of your margin. If the value of your open positions drops to $8,000 or less, you will have a margin call.
#2 - You invest $1,500 at 400:1. This is 15% of your margin. If the value of your open positions drops to $1,500 or less you will have a margin call.
#3 - You invest $3,000 at 100:1. This is 30% of your margin. The value of your open positions would have to drop all the way to $3,000 before a margin call would be triggered.
Basically, the greater the margin, the greater the risk, the lower the margin, the lower the risk.
Is it possible for me to lose more money than I currently have in my trading account?
Yes, as we have stated before; the greater the margin, leverage, interest rate, the greater the risk. Depending upon these factors and how the market will swing, it is possible to lose all your money and have to cover other losses as well. You can prevent this from happening by maintaining a good amount of money (margin) in your reserve plus the margin call helps you by closing out your positions to prevent further losses.
FreedomRocks highly recommends you familiarize yourself with a demo account before you begin trading.
I've heard that the FOREX market is rather volatile how can I be sure that FreedomRocks will work?
The FOREX market is known for its volatile nature and large swings, but it is also known for the fact that currency pairs tend to be reciprocals of one another. FreedomRocks takes advantage of this knowledge by using the pairs' correlation to decrease your risk and allows you to benefit from various interest rates and the ability to buy low and sell high.
Wouldn't the market be affected as a result of so many buying and selling the same currency pairs?
The FOREX market is so large that FreedomRocks could not possibly affect the trillion dollars daily that it trades. Plus with FreedomRocks you are usually trading percentages of your positions not closing them out when a price point is realized.
Plus, since your buy and sell points are based on the exact rates that you received when you began your portfolio no other investor will have the same price points as another.
