onlinetradingacademy.com

While better than nothing when first starting out learning how to trade, it is a more expensive route. I am a graduate of their course, and while it has some merit, I wouldn’t depend on OTA alone for success. Trading is difficult and no class alone is going to make you a great trader. Like anything else it takes long hours of experience and independent thought.

I no longer use their trading method (there is no right or wrong method, more a personal choice of what works for each individual), but I credit the school on giving me a foundation to start on which I independently developed.

As for the comments regarding the info seminar being a big sales pitch…… yes it is, but come on, who doesn’t truly expect that going in. Standard Marketing/Sales 101

If I were to start all over again, would I do it again? Probably not, but that doesn’t mean for some people it would be ok (especially if cost is not that much of the concern).

One a side note, if you are a newbie don’t just blindly start trading in the market either. That is a easy way to lose. There are tons of free stuff online you can study first, then tip toe in.

My husband attended OTA in Orlando, FL 6 years ago. $5,000 later and then another $5,000 and then another $4,000. The only people making money is these guys taking your money. Brain wash you into thinking if you take JUST ONE MORE class you will learn the secret of trading. Yeah right~they are a bunch of scammers. My husband then took the Beat the Market Maker course in Orlando and paid out that magic number~ $5,000. No matter what he did or how hard he tried and followed all the rules he got taken to the cleaners on this investment too. DO NOT GIVE YOUR HARD EARNED MONEY TO THIS CONS. START YOUR OWN CLASS AND SUCKER IN TRUSTING PEOPLE TO HAND OVER THAT MAGIC NUMBER OF $5,000!!!!

Guys, OTA is the closest thing I know from the Red Cross and Mother Theresa…

Alright: here’s how it’s done in Canada. They promise you a free training for 3 hours where they will cover a massive number of items AND they will give you a memory stick with 4 training videos in there…

Well, like the Big Foot, that mem stick loaded with 4 videos ain’t real.

Then I got sucked in a $300 training for 3 days … worth $750. This was a 3 days sales pitch. The guy was supposed to trade live… well not only he did not trade live… but he did not even do a simulated trade.

We were about 15 fish in their net. About 4-5 got hooked and registered for their “wholesale” deal of $14,000 for their combo XLT, 7 days Pro Trader training and 2 years or Pro picks. That shit is supposed to retail $20,000.

The presenter made sense most of the time but he really bullshited bit time when he said that stocks sooner or later will always go back up to their previous highs as there is pent up supply there… That’s what the Nortel shareholders were hoping for. Never happened. Let’s see how BLackberry does.

I am SOOO glad I did not bring my spouse there as she would have been so pissed.

I am not saying that 100% is crap but the few titbits that are good can be found in other places. Theri game is simple… they won’t give you the secret chicken recipe until they have your dollars… and I got in touch with a former student who told me that of all their odds enhancers, only two ended up being important, like vital to his trading style today. He also told me that him and his former colleagues had some serious doubts about the results of the Propicks. They suspected some serious cherry picking and early culling of the bad trades. Buyer beware.

Im totally an newbie on trading but i was reading some books on it before jumping i.in the market and made some money but it wasnt fast enough for ms and i was hoping to find an class that could teach me on how to trade better then i find OTA. On July of 2017. Went to their 1/2 free seminar hoping to learn something but it was nothing but a sale pitch. Since i didnt know much amd the price for theirbmarket timing class wasnt that much I end up paying 300 for their market timing class hoping to learn something new. Well well well. During the first two day of the class. 99% of the time the instructor talked nothing but how great their school is. As of July 2017. They charge 23000 for their core plus a leverage class(i can probably get an college assocoate degree with that money or i can even use that money as a house down payment or even buy a car) I didnt even bother to go on the last day since i know i wont learn anything new. What a time waste. I could just buy an book and that wont cost me 300 dollar…. Thanks for nothing OTA

I made my money in other things,and traded-self taught-and did well. I have a knack for catching large moves based on fundamentals.news,figuring what will happen on the future etc

Attended the free seminar,then paid the $300/3 day course to maybe learn something,as $300 means little to me. If $300 means more to you,just be advised (like others have said) the 3 day course is largely a sales pitch to get you to spend $25-30k on their courses. Because I know about trading,I knew much of what they said was BS.

Like they focus on their patented “supply and demand lines”-they go on and on about how it’s patented (which actually means very little) implying that it’s something very valuable. They tell wondrous stories about how they use a supercomputer to find supply and demand to put these magical lines on charts that you can use to get rich BUT it relies on candlestick patterns.And if you go online can be bought for cheap and maybe downloaded for free.

Thing is they have the same lines for Forex,and there is no central Forex broker and you can’t tell what the volume of sellers vs buyers world wide is,so their system wouldn’t work on FX based on just supply and demand…see? I asked the instructor this and he dodged my question,said he’d answer later. He never did,despite me asking several times..

They flashed their trading records for FX,Futures,stocks etc and it was supposedly around 55 to 60 % wins and their risk/reward was about 2 or so which is good BUT in smaller print on the screen was the trades not even taken. Roughly speaking to give an example: typically an asset would be say 580 wins/420 losses or so,but way more than that -1200 or so=other orders that were placed but not even taken.
So you could make the case that their patented system only won 25% of the time.
So what they want you to do is pay huge coin,to be able to sign in to their website and they put up the trades of the day,long term and short term for various FX,futures,stocks,options, etc.

You don’t need to attend their week long FX or Futures course to learn how to push the buttons on the broker page. You can start a demo account,read online and figure it out…it’s easy. Perhaps they give more details,but you don’t need to know how a car and all it’s electronics and ABS systems work to drive it…do you?
You don’t need to pay $30k for that,if you google you’ll find pro traders that for $200+ a month will text and email you trades to take on whatever it is you want to trade. Check them out,check their record.

Because I know the markets,I did however pick up a few helpful points from the instructor,and read between the lines of what he was saying. So for me it was worth it,however another instructor may not give as much info.
But if you know nothing of the markets,you wouldn’t notice the things I picked up on-so the $300 would be a waste of time for you.

In the last day of the 3 day thing,the “counsellors” would put sales pressure and pretty much lay guilt trips out. I don’t fall for that crap,and told him as much. So in the last hour of the third day,the counsellors interrupted the class purposely to bring out the info packs and fancy case for the people who ponied up…thereby trying to publicly shame those who didn’t.
After it was over, several of us who didn’t buy were hanging around and I told all of this to them:go online and find an advisor,and learn from them.

So you see,this company is basically a trading advisory service for $30k, when you can fiddle around on a demo account to learn the buttons,and pay pro traders 1% of that a month…and put that $30k into an account instead of seeing it vanish.

Hope this helps.

Let me share with you the impression I was left with after a 1/2 day OTA class here in Canada. It’s a sales pitch. And I believe they’ll keep getting money out of you until you’ve contributed a hefty amount.

The instructor chatted briefly with each of us in the waiting area before the class started. During the brief chat the instructor tried to get an idea of our financial status with some indirect questions. After the class was over neither I nor another attendee were pursued to sign up for the next 3 day class – was that because one of us was unemployed and the other asked if they could start an account with $1,000 rather than $5,000 as they could not afford it. Both of us appeared that we did not have any extra money floating around to be spent on OTA’s courses. Meanwhile there was another attendee pursued for further OTA education because he sounded like he had the cash to spend.

When the instructor told us that OTA is selective in who they allow to take their education because they want to ensure a “good fit”, I think what they’re really doing is choosing those that they think have the money and will spend it on their courses.

As well, the first 3 day course where we are supposed to be doing “live” trading is held on a Friday, Saturday and Sunday. I am not aware of any markets that are open on a Saturday and Sunday. So I knew right off the bat that this 3 day event was not going to be doing live trading, and we likely wouldn’t be doing live trading on Friday as that would be the very first day of our learning what to do. So, what do you think happens on the Saturday and Sunday? Likely, more sales pitch for the next 5 day day course. Once you start this investing-in-the-courses process, it’s hard to walk away as you’ve made such an investment already.

And one always has to wonder of the 1/2 day free class instructor, if this such A GREAT way to make money, then why are you teaching this course and pushing sales of it, and not sitting on the beaches of the Virgin Islands, trading on your smartphone, just making money, while watching your kids grow and enjoying life? Why are you HERE pushing this sale?

This place is a real joke. They don’t know anything about trading, it’s a big sales pitch, I was recently at one of the 3 hour sales pitches and asked trading questions to one of their sales reps and she didn’t have a clue, when I asked what it would cost me she said it depended on what I wished to do, after asking several times I was told a high price range. I have heard far too many negative reviews since going to this sales pitch.

Recently in Toronto

I went through the 1/2 day intro and paid $170 for the 3 day weekend training. I was contacted by a rep who wanted me to complete the questionnaire and send it in, which I did. We then had a meeting, prior to the 3 day training, where they interviewed me. Asked me about my finances and motivations etc….Then they told me about the tuition which could range from $30,000-$60,000. $30,000 would get me the 7 day training plus an additional 5 day course down the road. HOLD THE SHIP! I could go to an Ivy League College for a year on that.

I’m here reading about the $5000 others paid for the 7 day course and I can get it for $30,000. HUH? I guess I have sucker written on my forehead.

Lightbulb moment: The tuition varies with your ability to pay it, and is the reason for the financial interview prior to telling you how much it all costs.

That’s why they will not answer the question, “How much does it cost?” in the 1/2 day seminar. Answering that question would limit their potential margins later on in the process. I’ll take that hard earned $ and put it in my kids RESP. A good investment in the future. Why give it to people with ethical issues?

They can keep the $170, I’ll write it off, and they told me that I would be ‘no further ahead’ after the three day course as well. Why go then? I guess it’s more sales, sales, sales….working the big bucks out of your pocket. BEWARE!

I’m going to Chapters and look up Constance Brown.

It is all the same game plan, at all OTA, based on reviews I read. These salesman will pump up the rep of the guest speaker, so you feel you are about to meet a rock star. The room is filled with naive, moderately endowed 401K holders, like cattle in a corral. The OTA rep is there to educate you.

Sales is part education, part influence, part pressure in the correct mix. People don’t like to make decisions, we prefer just eating, breathing, and being loved and having comfort. A good salesman will feed you, love you, and make all the decisions for you. A high pressure salesman will do that in a more artful way.

OTA allows minimal questioning, they prefer filling up their pitch with old stale jokes, or stories about their projects in their big houses. The group will be fragmented, so that they can manage you, and close you individually, which of course makes sense
I have never been in a lecture in any college level course, where my educator pulled me out of the group ever three hours to check in with me and see how I was doing. Reason: you pay for college up front, you can schedule an office hours visit. OTA wants your money, of course. Makes sense.

Trading strategy:
OTA preaches (and in GA they do quote several bible verses during the lecture), that supply and demand govern the market. You get this on day one. Also, OTA pushes short selling, with no real precaution on the unlimited risk it may present. Both premises are false. Supply and demand do not run the market, supply, demand, and specialists with SEC granted rights run the market. It is the specialist trader on the other side who may buy and sell large positions simultaneously, to work inventory orders. This allows the market to function for the benefit of large institutions. By entering this market with the false premise that supply and demand regulate it, one will have a belief that all movement is based on those two variables. That is simply not the case, and if OTA were legitimate, and skilled, they would properly inform their “students” of the market forces, to begin with, rather than “supply and demand” , which is lemonade stand economics.

The public is generally incapable of making informed financial choices in the capitalist “free market” because the choices are all false. The SEC has tainted the market, ever since Joe Kennedy was appointed chairman.

OTA is an opportunist, in a corrupted system. It takes two to tango, and here you have it. There is no safe and compleyely accurate method of trading. Company specific risk is unpredictable. (Ie: Wells Fargo 2016, lost Buffets a billion, and many others examples exist).

Invest in something you do not have to think about all day. If you like gambling, go to Vegas West, they love you more than at Vegas East, and feed you well.
Otherwise, read books on trading, commodities, real estate rental property, or suffer having the dollar deprecated over time. But be careful about a class where you have to pay $5K to play. There are other online pros in commodities and stocks charging much less, who actually have decades of experience trading, not just years.

Our government has left us with some challenges in our “free” market. Don’t give your money away, just because you lost some of it to that market.

When you ask for your $250 back for the intro session, you will be told that you have “disqualified yourself”. It’s OK, take the money, put it on a Starbucks card, give yourself some love. It will go further.

I attended their so called introductory class for 3 hours. TOTAL SALES PITCH. Nothing of substance was given. Was forced to go to a salesman office BEFORE the start of the class. Where this guy told a story of how good the training here was. I asked him if he himself with 20 years of experience had traded that morning? And he gave me some excuse that he was not comfortable to trade THAT DAY!

Next there was a sales pitch of how great the training was. Told us about the photos of traders from Chicago trading pit. Before the break 2-3 employees came in and yanked the 8 stupid visitors to ask how they felt about the presentation. WHAT PRESENTATION? It was a sales pitch. I went to the rest room and one of the guys followed me…. what a joke. There he wanted to make sure that I would return for the 2nd half of the session.

Well 2nd half of the session was the same sales pitch, till I was pulled out of the room to some managers office where this guy spoke rudely and wanted me to sign up for some $5,000 training! When I said that I need to think about it he got really upset.

These people are crooks. They are not selling but forcing people to buy there mini training courses for HUGE AMOUNTS.

DON’T EVEN THINK ABOUT DOING ANY BUSINESS WITH THESE JOES