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Forex Millennium Review: Is forexmillennium.net another Scam?

Forex Millennium Review: Is forexmillennium.net another Scam?

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We have Forex Millennium in this review. The tool in question is a Forex indicator that is sold by Karl Dittmann Forex Group (KDFG). This time around, they are telling us that this is the most accurate Forex indicator on the internet as it has a very high win rate. According to the promotional information on the official website, the Forex Millennium is an indicator that has several features and aspects. To find out whether this is the ideal trading indicator to use, we ventured into thorough research and even sought to find out of the claims that are being made on the sales page are backed by historical performance. You have to realize that backing claims with proof of performance is the most important thing in Forex trading.

Forex Millennium

The Forex Millennium was released right after Alfa Scalper. These two products were released within a space of one month. This person or group is known for producing dozens of Forex indicators and this is not always a good thing since when you focus on quantity, the quality will suffer. Also, we suspect that when the developer keeps releasing too many products within a short time span, then this is obviously going to end up in a scenario where the developer is not updating the products anymore due to the huge numbers. In fact, most clients who have bought this developer’s trading indicators complain that he never updates his products. This is very wrong because in any real Forex trading strategy, updates must be made available to make the product even better. The Forex market is known to change a lot and products are also never working well 100% of the time. Unless the developer provides frequent updates, chances are that the product will flop and eat your money for nothing.

Also, the developer seems to be having many different landing pages but their main website is called karldittmann.com. If you are wondering whether this is the right trading indicator for your needs, we ask you to read this review to the end because we have some interesting things to say concerning this trading indicator. In the meantime, you can quickly go through this page because it contains a list of recommended trading tools that any enthusiastic Forex trader can use to make money even if they are new to the Forex market place.

Forex Millennium Review

The developer tells us that this Forex indicator was built upon 9 different factors. They claim that it has a beginner friendly nature, an effective trading algorithm, major currency pair support, no repainting, trend power detection and support for multiple trading styles. According to Karl, this is the right ingredient for success in the Forex market. If you have experience in trading and you end up combining your experience with this trading indicator, you should see results. This is what Karl and his team are trying to suggest. The indicator generates buy and sell signals for any currency pair on any time frame. Traders can receive these alerts in MT4, in their email, or via mobile phone push notifications.

The team believes that accessibility is a very important factor in successful trading because it ensures that traders will never miss an important signal. With regards to the trading styles, the Forex Millennium has the same features as the Alfa Scalper. The trading modes in question have been dubbed conservative, medium and aggressive. These modes work differently and depending on the mode that you have chosen, you can sacrifice risk in order to win more trades or to make more money slowly but consistently.

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Now, obviously the aggressive mode provides the highest signal potential and profits but at the same time, it is too risky. If you don’t have the courage to gamble with your money in the Forex market place, you are better off not using the aggressive mode. On the other hand, the conservative mode provides the lowest signal frequency and is the safest. Medium mode is in between the two modes. You can guess how safe or risky it is to use this mode anyway. Our recommendation is that those who use similar indicators should stick to the conservative mode until they have familiarized themselves with the challenges of trading and using a trading indicator like Forex Millennium. Otherwise, if you go for the aggressive mode right away, you will be shocked at how fast you can lose money.

More details of the Forex Millennium

It works with a number of time frames on the chart. These include M15, M30, H1, H4 and D1. It also works with all major pairs and the cost of a license is $147. The cost of this indicator is quite high because most indicators in its class have a price range of between $80 to $99. The software comes with a full 30 day moneyback guarantee, one real live accounts, reliable signals, a detailed step-by-step user guide, 24/7 email support and the effective trading algorithm. The KDFG utilizes the click bank payment processor, which is good, because this processor makes it very easy to get refunds when required.

Trading results for the Forex Millennium indicator

Karl provides us with some screenshots which show amazing numbers. These screenshots cannot be trusted though because they are not indicative of the future performance of this indicator. Moreover, it appears that Karl was just cherry picking the best trades and showing them to us for purposes of marketing the indicator. We do not think that he is transparent with his performance results. In other words, we do not believe what we are seeing. There are no verified results to support the claims that Karl makes in this sales page.

Our best advice for you

Karl Dittman is quite controversial because most of his products have been reported to have problems, i.e no updates and none of them bring in profits as claimed on the sales page. We believe Forex Millennium is no different. Stick to our usual recommendations because at least you will be safe that way.

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