Real estate seminars can be a very controversial and divisive topic, depending on who you speak to. Some people love them and speak very highly of wIt has been well established that many of the money making methods promoted or sold online are considered scams. Some websites are selling training ma34Online Trading AcademyReviews
I saw red flags all over. They never talk about cost. I left this 3 hour waste of my time and turned on the radio only to hear this same guy Scott someone who owns this Milwaukee franchise on the radio attempt to sell listeners the same exact script I just sat through. Ridiculous. Read the reviews on how this is a money grab.
Im going to share my own experience with trading and OTA (Online Trading Academy) mentioning that my goal is to be a full-time trader. Currently Im working as sr. software engineer at brokerage firm in Europe.
Im following OTA years ago but I didnt join it at that time cause of the cost. So, I decided to educate myself and took some other courses but I always felt that I miss somethings because my trading results wasnt that good. So, a year ago I decided to join OTA but really slowly to evaluate my education investment mentioning that I have some trading experience or at least thats what I thought. I enrolled only in one course with OTA which is Core Strategy. After I finished it, I gained huge amount of information which I didnt know before. After that I decided to continue with the other courses like Futures, Options and MasterMind program. Thanks for OTA team. They helped me to arrange my education track to fit with my plan and provided me with all the tools and ideas to reach my goal as quickly as possible. When I joined MasterMind program, I figured out there are information, trading ideas and trading strategies more than I would ever think about. For sure Im so happy with my education investment because my trading results started to become better. Im also busy with developing my own automatic trading application. Thanks again OTA. Now Im at the end of my track but do you think the education stops here? No, the best thing in OTA is that they have community of students, experienced students and instructors which provide new trade ideas and strategies and discuss it every single day.
Finally, Trading is like any career, you need to invest time, effort and money to reach your goal. If you want to take trading as your career, become part-time trader or to increase your income so, OTA is excellent choice.
Clearly written by someone linked to OTA. What a shame. OTA is a scam tailored toward taking money away from adults who want to get rich fast. They sell a dream. A dream of great returns in the market and great quality of life. They tell the holy grail is just around the corner..only if you take another class or sign up for the mastermind group. A scam, believe me.
I do not recommend this service Education ???!!! to any one either naive or educated in the market.
1. Very structured and organized scam. The what they name consultant is really a very trained salesman to take your information and push the deal in very aggressive way. He refused to give me a copy of the contract I have to sign with the OTA school when I asked him that I want to show this contract to my accountant or lawyer. I think if anyone has to sign a $55000 contract it needs some thinking, search and legal advice.
2. When I ask for more time to think and gather more information the consultat text the supervisor (they call him in OTA Senior Educator) how came and he was really impressive by his very rude way. Then he did not let me continue the third day and escort me out of the school.
3. I send a letter to the school president and he call back and stated that he was not in school every day to know what going on but it is hard to believe that because if you see and hear the confident way and behavior that the Senior Educator and the consultant talk you know this is not the first time they have done this and they really have the green light from the top.
I do not recommend this school to any one beginner or educated. I have many friends (all of us have university education and have large trading account to work with) in different states in US who also attend the three day course and have the same opinion.
Just be carful and do your homework in searching for trading education.
Im posting this as like so many, I feel aggrieved at the service I received from Online Trading Academy.
Firstly, I signed up for a free seminar that was hosted by a gentleman who wouldnt be amiss on TOWIE….gave him the benefit of doubt as the Councillor salesman was fairly knowledgeable.
3 days at the same tired, old, depressing looking industrial unit.
I was constantly bombarded with calls and emails prior to the 3 day event. I was asked to complete a very intrusive questionnaire type thing that I found very odd. I was also grilled by my newly assigned counsellor/coach (they couldnt even make up their mind as to what they were called. Lets call them sales prevention officers for the time being.
So, I attend the 3 day selling event where I am very entertained by the seemingly knowledgeable presenter. He doesnt want us to get screwed over and showed us how we could be earning millions in the next 2 years by following their patented (but not in the UK) methodology.
All this comes at a cost that would make even the Hinduja family wince.
My coach, Jordan, was clearly not making any money from trading as why would he dress and look as he does and waste a weekend working to not sell me this amazing education. Oh, hello, are you stupid guys. If he could make 200k pa trading do you think hed be wearing battered shoes, terrible hair cut and even consider wasting his weekend working…….
A special mention must go to Pearl or Opal or Gem…cant remember her name but she is the finance person. What an absolutely rude, unhelpful and utterly ridiculous consumer facing employee. She alone was enough to put me off.
Big red flag from me. Not sure their selling techniques are even legal particularly their financing over promising.
Had a cursory look at their accounts and they have filed losses amounting to over 2m during the last few years. Maybe the company itself should practice what it preaches and trade those very substantial losses away.
I feel your pain. Same happened to me in Chicago. Worst part is that I ended up falling for it and pay $23K in tuition for one OTA packages. After 5 years, I have not made a penny using their patented supply & demand core strategy. Some may say it is my fault. It is not. I am educated, with a master degree and several awards for academic excellence. I do own the fact that I was naive and greed took the best of me. Trade is 80% emotional control and 20% method & risk management. I had to learn the hard way.
When you mention trade is emotional control and 20% methods. Is ota methods flawed? I went to there 3 days market timing course but did not sign up for thier courses.
Core Strategy delivered what it promised. It was a very structured methodology that, if followed, should produce results. The instructor (Larry Johnson) was great. From the very first class to the last there was no doubt that he really cared about the students and wanted them to learn the information. The support system online and live that comes with the tuition is phenomenal! Lifetime retakes (OTA has been around for 20 years) and an incredible online library of proprietary videos and articles are available to ensure the opportunity to succeed. For anyone with sticker shock on the price, as a person with a finance background, if you get your investment returned in 6 months of trading with a lifetime of profit after that, it is worth it. BUT…you have to commit to the process and stick with it.
Ive been an OTA member for 5 years. And, I havent yet made a penny using their patented supply & demand core strategy. What is now finally bringing profits to my pockets is the use and understanding of technical indicators, which I learned by reading several books. Believe it or not, OTA core strategy does not use indicators. The whole premise is based on locating supply & demand zones, which is not much different than the classic support & resistance lines that everyone uses already. For the tuition price I paid (i.e. close to $30K) in order to get access to their XLT classes, libraries, etc. Id better off hiring a personal coach to teach me how to trade. By the way, and before I forget. Some of their online classes, like futures, for instance, has close to 800 students in the same virtual room. Forget about having your questions answered. Want a hint? Spend your money somewhere else.
I would like to know how well it works before buying in.
When I initially thought I was interested in learning how to trade (specifically futures and options) the google search I did was overwhelming. There are hundreds/thousands of choices for education and I had no idea how to evaluate the quality of one organization over another. Most were 100% online, but OTA did have a physical location in Toronto. That got my attention. It seemed to speak of it having some commitment to the education process. Why else lease a large amount of space and invest in the space?
So, I signed up for the initial 3 hour information session and then the 3 day market timing seminar.
I was very sceptical and prepared for a hard sell. I was fairly certain I was at high risk of being ripped off for a lot of money from another online scam. I assured my wife I would not agree to anything without speaking to her as I needed her objectiveness to assess this. That hard sell never came. Just a confident presentation that there was a real opportunity to change my life financially and with time freedom.
After spending some time with the instructors and staff at OTA and going through these initial courses, I came to the strong conclusion that these people, were not trying to rip me off. They were truly interested in helping people. Helping me. They were quality people, sharing a great deal of information at a very reasonable initial fee.
To be fair, they have a hard selling process to overcome. In a very short amount of time, they are asking for a very large financial and time commitment from someone. Probably a larger financial commitment for extending learning than anyone had ever considered. Certainly it was larger than I ever considered.
What made me decide to move forward? The quality of the instructors and staff, the physical location, the large amount of in person education, the huge amount of online support after the in class session and the apparent quality of everything all translated into my assessment that I was going to be receiving fair value for the fees I was asking to pay. I admit, there was a leap of faith and a lot of hope that I wasnt making a mistake when I signed up.
Now that I have completed the core strategy and my first asset class (second asset class to be taken in another month) I feel lucky to have met OTA and believe I have already received great value. I will be starting to trade shortly and time will tell if I will be successful or not. I am very optimistic through as OTA is behind me, I truly believe the instructors and staff want me to succeed and there is almost endless amounts of online and in person support to get me on track and keep me there. I am now part of a trading community that are all trying to succeed with this and are happy to share knowledge.
I need to crawl before I walk and walk before I run, but my goal now is eventually pursue this full time. I will keep in touch and let you know how I am doing.
Allan, do keep in touch. You sound like me 3 hears ago, full of hope and optimism. I wish you well. Your comment makes me think you never traded before and are going for Options & Futures to begin with – a daunting task. Why dont you start with stocks? My experience with OTA has been terrible. I have lost thousands of dollars and I am even ashamed to publish the amount of money I have lost. My main mistake? Believing the supply/demand strategy and starting my trading career in futures. Futures trading is not for beginners. Dont believe me? Go ahead and try it for yourself. I bet you are going to get frustrated in less than a year. Your OTA levels wont be filled for weeks or months. Frustration will kick in. And, because OTA Is always trading against the current trend, you will get stopped out many times trying to time a reversal in price. Lets touch base in a year. Again, I wish you well.
Are you using the program? I would like to know how well it works.
If your not scared to take the leap and invest some time and money into learning the markets TRUST ME you wont regret this! Online Trading Academy opens the doors to knoleged and the exsperience of the market we are all searching for. I have just finished my core strategy and futures courses today, and just in those two weeks learned so much that the internet or books could not have done in two years of self learning. Mind you I am not saying I am comming out a profeshional,or am i saying you will know everything in two weeks. I sure dont, time and practice will acheive that and they will provide you with the back bone and gateway to success. Besides retakes are free and at your own availability!!! The rest is up to you.
I love reading the negative posts on here because I can tell the people writing them never wanted to go past the three day market timing course to allow them selves to learn.
I am not knocking any one here, we all have our own storys and finaincal situations but if you can focus long enough to see the potential beyond the money you will not be dissapointed. Take your time and learn at your own pace, you will be surprised at what you can achive here!!
Look forward to learning more on this journey!
Ryan: Can you answer one simple question? If OTAs system is so great, what do they need me for?
They dont, they simply offer basic or advanced knowledge within a price range. If you are comfortable with the price and can keep up with the learning. I suggest you do it!
Ryan T., where are all the egregious spelling errors in your reply? Shill!
Ryan T., tell me, how is it you misspell knowledge in your two posts here (along with other obviously on-purpose misspellings) but you manage to spell it correctly in your reply here? You slipped up! Shill.
Dont make the same mistake I did. I should have done my own research before signing up with OTA and spending close to $30K in tuition fees. Greed took the best of me and I thought their patented supply/demand strategy would bring me the holy grail – good quality of life and good money at the end of the month. You may be tempted, but dont waste your precious earned money by giving it to OTA. Instead, by a book and learn the basics. Trading for a living by Dr. Alex Elder is a good start. OTA is so desperate these days that they are even teaching people how to make money in real estate. It is ridiculous. Another piece of information. Their XLT online future classes used to have 800 + students in the same virtual room – a disaster if you want to have your questions answered. But, check this out – the first week of 2018 this number is down to 400. You may think that they probably added more virtual rooms? Nope! The attendance is going down. Little by little people are realizing that OTA is a SCAM. Dont do it! Learn from my mistake and save your money. Want to trade? Go ahead and start with . Or, open up an account with m and use their university (free) to learn the basics. It is better than OTA. By they way, their patented supply/demand is no different than basic support/resistance lines that everybody already knows. The odds enhancer score? Nah… it doesnt work. I can keep on going, but my goal is to warn people against OTA. I am on a mission!
if you have questions and are and enroled student your home school would gladyl have support for you.
Ryan, it is clear to me that you are being paid to write these comments. What a shame! OTA is targeting uneducated adults without a college degree. It sells a dream that does not exist. It should be illegal. To make money in the market as a retail trader, it is a necessary a tremendous amount of market knowledge and deep understanding of technical indicators, which is not even discussed in OTA forums. Keltner channels? ATR indicators? Averages? Nah…nothing. I have been with OTA for 3 long years…and can testify that OTAs patent supply & demand strategy is weak and does not bring the desired results. Some of the XLT instructors even have the petulance of showing levels in the Oil futures market with a mere $200 risk. Better to give money to charity. Go ask any professional out there. I am on a mission and I am happy it is working. I watched a futures XLT class last weak and noticed that the number of students attending is decreasing. People are waking up and realizing OTA is a scam.
wish i was being paid lol! Not at all Neil. i am also a student and this place is offering basic knoledge and support and disclaims this the whole way. Free retakes and XLT for life in the market you have choose. Tell me any where else you can get this knolege and practice time for the price offered. The student make the difference not the school, if you are soley relying on this place to get rich and not put in the time to practice and learn the indicators and market movments and just simply try to use the supply and demand technique you will not do very well. practice makes perfect to get this market knoledge. OTA is just a steping stone for people who want to be edcuated.
every one is different, but by all means i am not being paid! AGAIN I WISH!!
OTA is a stepping stone? For $30K in tuition fees? I rest my case. Good luck to you.
hello trader neil. If you say that their patented supply and demand strategy is flawed. Can you email me the material please?? I personally wanted to see first hand how their strategy is ??
Sorry Boby. No can do. The word patent in your comment prevents from disclosing any OTA material.
How different is there trading strategy from support and resistance? I think sheldon created this and got onboard in 2010? Prior to that ota actually thought technically analysis. I was able to buy old ota cds on ebay dated 2006.