Forex Millennium Review
Welcome to my Forex Millennium review!
There are millions of forex signal services online. You will probably know most of them if you are a forex trader.
The truth is that anyone who succeeds in making money in forex trading thinks his technique is the best and therefore he should start offering a forex signal service.
While some of these services can help you get ahead in forex trading, not all of them are worth your money or your time.
All the forex signal or indicators you will see usually claim to be the best on the market.
In fact, I recently came across one forex indicator that claims to give a 99% win rate. It was totally ridiculous because it is not possible.
This is why you need to make your research before jumping on any forex indicator irrespective of how impressive the sales page may sound.
One popular forex indicator making rounds as one of the most accurate indicators in recent months is a forex indicator known as Forex Millennium.
I have seen some positive reviews as well as bad ones about Forex Millennium. However, I’m not the one to trust what sales page or aggressive affiliates say on their page. Thus, I decided to find out for myself.
Today, I will be uncovering everything you need to know about this new forex indicator known as Forex Millennium. You will also learn whether Forex Millennium is a scam or legit. Keep reading to find out more.
Forex Millennium a Quick Overview
Name: Forex Millennium
Type: Forex indicator
Founder: Karl Dittman
Verdict: Legit, Increase Income or Loose Everything
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What is Forex Millennium?
Forex Millennium is a new Forex indicator created by a man known as Karl Dittman of Karl Dittman Forex Group (KDFG).
According to the author, this is one of the most accurate forex indicators in the market right now. He claimed that by using Forex Millennium, you will be able to win more trades and take your forex trading to the next level.
I have reviewed several Karl Dittman Forex indicators such as:
Forex Millennium works on the M15, M30, H1, H4, and D1 timeframes. Karl Dittman claims that the signals given by the indicator are so accurate that even a first-time forex trader can trust it “completely” and do according to what it says.
After buying Forex Millennium, you don’t suppose to do anything again. All you will need to do is just follow what the indicator says and you will be winning trades after trades.
No doubt, Karl Dittman made a lot of claims about how powerful his indicator is. I have actually seen such claims in the past about most forex indicators.
In the section below, I will uncover if he is actually telling you the truth or whether this is a huge waste of time.
How Does Forex Millennium Works?
Forex Millennium is supposed to be a plug-n-play signal software. What this means is that after you have activated it, you don’t have to do anything else but just follow the signals shown by the software.
It supposed to be that easy!
Here’s a Short Video on How Forex Millennium works.
To get this forex indicator, you will have to pay $147. Meanwhile, most of the other forex indicators in this range cost between $80 and $100. So Forex Millennium is a bit pricey from the get-go.
After buying the software, Karl Dittman will send you the Forex Millennium in 3 different packages. You can now implement it on your trading software.
It generates a Buy or a Sell arrow and Stoploss as a new trading opportunity. You can only use your indicator on one trading account only.
Forex Millennium works on M15, M30, H1, H4, and D1 timeframes. This means you can choose shorter timeframe or longer timeframe to trade.
Once you have installed the indicator on your Metatrader, it will start to generate buy and sell signals.
Basically, what Forex Millennium does is to show you when to enter and when to exit a trade. It works in 3 modes which include:
Conservative Mode: normal signal frequency, maximum safety, standard trend detection, and low risk.
Medium Mode: high signal frequency, optima safety, sensitive trend detection, and moderate risk.
Aggressive Mode: extreme signal frequency, low safety, highly sensitive trend detection, and high risk.
I’m not sure if Forex Millennium comes with automated trading functionality. However, you can depend on the signals, including Stoploss to guide your trade.
How To Make Money With Forex Millennium?
To make money with Forex Millennium, you will have to buy and install the software to a trading chart of your choice.
When it generates a signal, you should make use of the signal to enter the market and also set up the recommended Stoploss.
When you want to use Forex Millennium, you keep on trading as you would normally do.
The only difference now is that you will have to depend on the indicator to know when to enter the market, when to exit the market, and where to put your Stoploss.
The Ugly Truth About Forex Millennium
Karl Dittman Group Behind Other Failed Indicators
Karl Dittman and his group are behind other failed indicators. Take, for instance, the Forex Millennium was released right after another indicator called Alfa Scalper was released by the group. Besides, they have released multiple indicators in the past.
Of course, there will be no need to release new indicators if the old ones are working perfectly. I’m not sure about you, but launching multiple indicators within a short period of time doesn’t exactly fill me with confidence.
At $147 for one download per one account, Forex Millennium is no doubt one of the most expensive forex indicators out there.
You can find other indicators of the same level for a cheaper price. Besides, the guy offers no support. Once you buy the forex indicator, you are on your own.
To prove that Forex Millennium is working, the author produced several screenshots. Of course, I cannot trust these screenshots until I use the software to trade.
There is no feature to test the indicator before investing. Additionally, there is no money-back guarantee. It is therefore very risky to invest in what is highly questionable.
No Win Rate Guaranteed
Most forex signal services will at least guarantee some win rate. Unfortunately, I cannot see a win rate guarantee here. This means, if you lose your entire trade, you cannot hold him accountable.
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What I Like About Forex Millennium
Author is Popular
Karl Dittman is kinda popular in the forex trading industry. However, this does not mean that he is exactly a forex guru. Nevertheless, we know who he is and some of his former products.
It takes about 5 minutes to install Forex Millennium of any MetaTrader of your choice and start trading. This is a good selling point for them.
Is Forex Millennium a Scam?
No, Forex Millennium is not a scam. However, the guy behind this product is a controversial figure in the Forex trading industry.
A lot of people have reported problems with his past products. Most of his past forex indicators didn’t yield any profit, I believe that his product won’t be any different.
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Forex Millennium at a Glance
Name: forex Millennium
Owner: Karl Dittman
Overall Scam Rank: 6.5 Out of 10