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Originally Posted by IamWealthy
If you've ever felt like quitting trying to learn forex, and lost money in the process, you've got to see this site!
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haha, freedomrocks is back scamming again!
This is one review:
Freedom rocks is a needlessly complicated carry trade system that is simultaneously long the EUR/USD and the USD/CHF. They are opposing positions and net an interest premium. As long as they always revert to the mean you are fine. So basically, you are long the EUR/CHF pair.
But they leverage it to death so you can wipe out your account in one bad day like today (8/29/2007) when it fell 80 pips.
Anybody who knows, knows this strategy doesn't work long or short term unless you are very lucky. Basically it is a needlessly complicated carry trade strategy for people who don't want to learn how to truly invest in the forex, and it doesn't work.
It's popular because people buy-in to it as a business opportunity. It's an MLM, Network marketing, pyramid scheme, or whatever you want to call it.
I call it a scam. There's a video about it at profitingwithforex.com that explains the whole thing.