Warning: Online Trading Academy (tradingacademy.com)

Quote from dsave:

I doubt I'm ahead, but I'm trying my best to get there. I'll wait for a bit more input
and will see what I think then, but right now a $50 expense seems like an acceptable tradeoff to satisfy my curiosity.
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Why not check out what is offered on e-bay?
 
Quote from deaddog:

Why not check out what is offered on e-bay?
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That is a good idea, though I don't want to go through the headache of maybe getting a product that is broken or works like crap...
 
Quote from spinn:

I have a friend who works at one of these, he has been around trading forever 10-15 years but has never made any money at it, as far as I can tell.

Hes is a good guy but stuck in the trap of not having any relevant skills, as he spent so much time effort and money trying every half baked method in existence.

I guess he is now training others to spend their lives chasing semi successfil methods.
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Interesting post, thanks. I've occasionally wondered how people end up in a job like that. Too bad he didn't toss in the towel earlier and find a different career. Maybe he still can.
 
Quote from marketsurfer:

Disagree. There is no barrier to entry to "teach" trading. College Professors need PhD's, Plumbers need to be certified, Lawyers need to pass the Bar Exam.

The Pro traders who teach, are not real pro traders otherwise they would not be teaching for $$--- for free, sure, but not for cash. Just ask to see audited statements, ask to observe their trading for a week, ask for clients with whom they manage money for--- RARE is the guru who will produce any of these things.
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+1, totally agree.
If they are great traders, why don't they instead trade 1000 ES contracts and with a few trades per day they would earn much more with much less effort.
People, use logic and common sense.
In the end what matters is profit, not the materials and not the presentation. Since these people can't trade profitably (if they did, they'd spam their audited records at every newbie), what use are their materials?

Long time ago, I used to help organize similar seminars which had much less selling, more educating and for a fraction of the cost. Since I was just helping around and had time to observe; I noticed most of the people attending were hopeful and naive, they didn't have a clue what successful trading through different market conditions really requires in terms on research, screen time etc. They seemed to believe it was just a work-from-home type of deal with high reward and a lot of free time - who could resist!
Some of those people probably will eventually find out what it really takes but most will just fade away.
 
Quote from Riffraffpatrol:

For all you naysayers who continue to degrade Online Trading Academy... please visit the link below for the results of the 2011 FXStreet.com Best Awards winners... in it you will see that the Vice President of Education for OTA, Sam Seiden was awarded top honors in 3 categories - Best Educator, Best Webinar, and Best Educational Content... enough said:

http://mediaserver.fxstreet.com/Rep...608a/dad472cc-21fb-4f81-9179-2e50c7329348.pdf
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Explain the following to me.

http://www.tradingacademy.com/courses/Forex-Trader.aspx

"Forex Trader Course

Learn professional currency trading skills that can help you succeed in the fast-paced marketplace of Forex trading. In Part 1 (two days), you’ll learn to trade currency pairs using the latest tools and software. In Part 2 (four days), you’ll work the Forex market with a trading professional using live streaming data as you develop your own Forex currency trading system. Most students take both parts together, although you can also take them separately for convenience.
Forex Trader Part 1 (2 Days): $1995
Forex Trader Part 2 (4 Days): $2995"

Why the hell do *I* have to develop my own trading system? Am I not paying them kilobucks to teach me THEIR can't-lose trading system?

LOL
 
by law , they can not give you the system they used to take millions out of the market. oh wait, that system is the one where they charge you 1000's.
 
There are so many free or low cost trading guides written by people who are actually making money trading that it does not make sense to pay scam artists a ton of money for info. Lets be honest, if someone is charging a lot of money for trading advice the odds that he is using those funds to live on are huge
 
I would say that the IBD courses are the very best if one really wants to learn about the total stock market...trading and investing..

They are priced quite reasonable....

I don't think any method I am aware of has made more people more money than Bill O'Neill's CANSLIM concepts.....

SteveD
 
im new here, but what is ES or CL Journals, whats the URL?

thx

Quote from dsave:

Ya I've been following the ES and CL journals, learned a lot so far, but was hoping to get a heavy dose of learning. I've read a lot of books too, and will continue, I guess you can say I am trying to diversify my learning channels.
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Quote from SteveD:

I would say that the IBD courses are the very best if one really wants to learn about the total stock market...trading and investing..

They are priced quite reasonable....

I don't think any method I am aware of has made more people more money than Bill O'Neill's CANSLIM concepts.....

SteveD
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What is IBD?
 
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