Day Trading Reviews: Millenium Traders Review

Millenium Traders offers monthly access to four live trading signal rooms which boast impressive performance:

Stocks Trading Room  (+550,999$)
Futures Trading Room (+149,993$)
Forex Trading Room   (+480,300$)
Daily Swing Trades   (+288,810$)

(year to date results)

These four rooms are run by experienced traders who give real-time trading alerts so that you can trade your account based on their recommendations.

Millenium traders also offers a Daily Swing Trades service which provides 5 high quality stock picks per day. There is also one-on-one training available with the expert traders.

Membership access to the 4 rooms is 917.58$ per month or the discounted rate of 4,533$ per year. You can also get access to just one room for $249 per month. This is cheap when you compare to the performance results.

The website looks great and it is an amazing concept to be able to leverage the efforts of professional traders all the way to your bank account! This is a growing trend right now on the internet.

I have read some reviews at Forex Peace Army http://www.forexpeacearmy.com/public/review/www.millennium-traders.com and it appears that the way they create their performance results is not based on the final result in their trading account. In fact, they don’t call the exits, just the entrances. The reasoning is that different sized trades will utilize different money management. The part that is a bit misleading is that they are reporting financial results based on trading 5 lots and the best possible exit scenario.

To trade 5 lots with a 30 pip stop is a total risk of about 1500$, if you were risking 2% of your account per trade you would need an account size of $75,000 to be in line with their performance records. You would also need to be very confident in your exit strategy and money management as they are essentially just providing entries and updates.

All in all, trading “mechanically” with signals has it’s advantages over discretional trading. It can be a big confidence booster to have the support of a professional trader by your side. You can enjoy emotion-free trading and even if you achieve just half of their performance results in the first year that would be very profitable indeed.

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