I think what it means is that you click the little folder icon next to the track title to set a track as either the beginning, middle, or end of a folder. Once you've got the folder set up, going into each track's I/O window and unchecking Master/Parent Send will let you do FX bus stuff. Unfortunately, I've never played with that, so I can't help you there. My preference would be to use aux sends though. 1. Add a new track, name it FX Bus or whatever you want. 2. Add your effects to it, chorus, reverb, whatever. 3. In the track controls for FX Bus, click the I/O button. This brings up the track's routing. 4. Click the dropdown box that says "Add new receive..." and add a receive for each track you want FX Bus to process. 5. Each receive can be configured pretty much the same as a regular track. Adjust the level of the send to change how much of a particular track is mixed through your effects and the pan of each send to pan it in the effects' stereo field. 6. You can also change where in the original track's signal chain the FX Bus copy comes from: Post-Fader, Post-Pan - the very end of the original chain. Any changes you make to the original track, including volume and pan, will be sent through FX Bus as well. Pre-Fader, Post-FX - Your copy comes out right after the track's FX chain, but before the volume and pan. This can give you a lot more flexibility in how much of the original track you hear versus the FX Bus version. Pre-FX - Your FX Bus will get a direct, completely dry copy of the signal going into the original track. This is good for duplicating a signal if you want to process it two different ways - for instance, running a dry guitar through two completely different amp setups on two different tracks. 7. You should now have all of your tracks running through the effects you set up. Want more? Turn the aux track up. Piece o' cake. You can do this with folder tracks, but to me it looks like a lot of extra work for what ends up being the same result. Folder tracks, by default, take over all of the output from the tracks inside them - you wouldn't have any control over how much comes out with the folder's effects, and how much comes out dry. Personally, I use folder tracks to stick all of my guitars together, all of my drums, etc, so I can give them a final EQ or compressor on their way to the master.