she should of "beware"d taking the first 5-7 day class. It is an entire waste of time. Their reputation is manure among serious traders. Again, a simple review of ET and the web will basically unveil they are nothing more than a $6,000 price tag for $30 worth of books about TA + Trading for Dummies. Coupled with a lot of false promises, deceptive statements and hype.
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Online Trading Academy
- Thread starter jonkry
- Start date
she should of "beware"d taking the first 5-7 day class. It is an entire waste of time. Their reputation is manure among serious traders. Again, a simple review of ET and the web will basically unveil they are nothing more than a $6,000 price tag for $30 worth of books about TA + Trading for Dummies. Coupled with a lot of false promises, deceptive statements and hype.
Quote from TraderZones:
she should of "beware"d taking the first 5-7 day class. It is an entire waste of time. Their reputation is manure among serious traders. Again, a simple review of ET and the web will basically unveil they are nothing more than a $6,000 price tag for $30 worth of books about TA + Trading for Dummies. Coupled with a lot of false promises, deceptive statements and hype.
What is the point of trashing her decision of taking the class after she has already paid the money? Might as well encourage her to get the most out of it that she can.
If your a newbie, the class will teach you how to push the buttons and use money/risk management, which could keep someone from giving much more than $6k to the market. However, I stand by my comment that the most useful information for becoming profitable comes from Sam Sieden`s strategies which are available for "free", in 2 years worth of newsletters.
Quote from seaker:
What is the point of trashing her decision of taking the class after she has already paid the money? Might as well encourage her to get the most out of it that she can.
If your a newbie, the class will teach you how to push the buttons and use money/risk management, which could keep someone from giving much more than $6k to the market. However, I stand by my comment that the most useful information for becoming profitable comes from Sam Sieden`s strategies which are available for "free", in 2 years worth of newsletters.
I looked through the list, does he talk about equities? Only saw forex options real estate, since it's free Ill take a look myself
Quote from bigpapi:
I looked through the list, does he talk about equities? Only saw forex options real estate, since it's free Ill take a look myself
There are several different sections in each issue, each with their own author.... here is Sam`s for this week; http://www.tradingacademy.com/lessons/20100126/featured_article.htm
Quote from seaker:
learningTrading,
I wish you good luck in your upcoming class with OTA and hope you become profitable but the best OTA has to offer if given away free on their website.... Go through the "Lesson from the Pro`s archives and read the portion written by Sam Sieden and you will learn everything you need to know...
http://www.tradingacademy.com/free-resources/Newsletters.aspx
PS beware of the hard-sell for an $6000 XLT upgrde on the 5th day of your class
Seaker:
Thank you!
I have smelled the hardselling on XLT. I am definitely not going to do that now.
I have started to read the archives. Sam is great! I have problems understanding lots of analysis but I will get through it day by day!
Quote from Bolimomo:
I have read the above 3 books. While good reading, those are IMO books about trading but not the ones to tell you the "how". What LearningTrading needs may be a drill sergeant to show how to acquire a target, how to aim, and when to pull the trigger. Reading in general "how a war is won" or "interviews of the best soldiers" (Stock Market Wizards) may not really help her to get started.
I am not saying OTA is the answer. Beginners have to get started somewhere. Some by reading books, some by taking brick-and-mortor training, some by winging it. Some will come out okay with any of these approaches.
But what disgusted me is in these discussions everytime someone says something good about such-and-such, he/she is automatically a shill.
Why didn't I hear bigpapi being accussed of a shill for Jack Schwager, Mark Douglas and van K. Tharp?
Thank you!
I think all of your arguements are informative to me. Both sides of the arguements. But I make my own mind. As long as I am confident in trading and start to break even or lose less. I would know which way is the best suit for me to learn trading!
I would keep your all posted! And hopefully I will start my trade journals when I have time!! I will try!
LT
Quote from seaker:
What is the point of trashing her decision of taking the class after she has already paid the money? Might as well encourage her to get the most out of it that she can.
You don't encourage someone who bought a lemon to make lemonade. You encourage them to fight to get their money back.
If she were around here, the first thing I would do, is to challenge this charge on my credit card (God help she issued a check for this amount...), show my credit card company what people have said about this company (en masse on the web that they are basically a misleading hype & misrepresentation machine), and get her money back
She will learn nothing that will make her a profitable trader from this company.
Quote from Bolimomo:
I have read the above 3 books. While good reading, those are IMO books about trading but not the ones to tell you the "how". What LearningTrading needs may be a drill sergeant to show how to acquire a target, how to aim, and when to pull the trigger. Reading in general "how a war is won" or "interviews of the best soldiers" (Stock Market Wizards) may not really help her to get started.
Any books you recommend on "how the war is won" ? Thank you for your posting!
Quote from learningTrading:
Any books you recommend on "how the war is won" ? Thank you for your posting!
LearningTrading:
I think what you need is not "how the war is won" type of books, but rather "how to load, aim and fire your weapon" type of books. Someone who would illustrate what to trade, and how to trade it.
At the risk of being labelled a Toni Turner shill (and whatever else), here is what I can think of at the moment:
Toni Turner's books:
A Beginner's Guide to Day Trading Online (2nd edition) by Toni Turner (Paperback - Jan 19, 2007)
http://www.amazon.com/Beginners-Gui...=sr_1_1?ie=UTF8&s=books&qid=1264906657&sr=1-1
A Beginner's Guide to Short Term Trading: Maximize Your Profits in 3 Days to 3 Weeks by Toni Turner (Paperback - Jun 1, 2008)
http://www.amazon.com/Beginners-Gui...=sr_1_2?ie=UTF8&s=books&qid=1264906657&sr=1-2
Short-Term Trading in the New Stock Market by Toni Turner (Paperback - Sep 19, 2006)
http://www.amazon.com/Short-Term-Tr...=sr_1_3?ie=UTF8&s=books&qid=1264906657&sr=1-3
(This is an audio-CD)
A Beginner's Guide to Short Selling (Audio CD)
http://www.amazon.com/Beginners-Guide-Short-Selling/dp/159280232X
And I enjoy attending her talks in trade expos (free ones).
I think John Carter's book is okay too:
Mastering the Trade: Proven Techniques for Profiting from Intraday and Swing Trading Setups (McGraw-Hill Traders Edge Series) (Hardcover)
http://www.amazon.com/Mastering-Trade-Techniques-Profiting-McGraw-Hill/dp/0071459588/ref=pd_sim_b_5
Dr. Alexander Elder's book is also a good read:
Trading for a Living: Psychology, Trading Tactics, Money Management by Dr. Alexander Elder (Hardcover - Mar 8, 1993)
http://www.amazon.com/s/ref=nb_sb_s...refix=alexander+elder&sprefix=alexander+elder
HI, Bolimomo:
I appreciate your help!
I appreciate your help!