What can I do to prevent this in the future? First New York Securities. Conclusion: If you register for only couple courses, you will notice that your Education Counsellor is always trying to sell you Mastermind every chance they get. So basically I have to either get in debt, borrow money, rob a bank, or sell my soul to finance this? Your account slowly goes down and you blame yourself for not making the system work - but it's a losing system, not you! Our Free Video Lessons. May 26, at pm.

Here is a true review of OTA Toronto and overall in general. I hope it will be helpful for some. If you had some dealings with OTA, you will find that I am writing the truth. My intention is for people to make decisions based on correct information as I see many students who do not even know ABC of computers getting sucked in for K by OTA.

It's a business, not an academy. So, by definition of it, they are in to make profits by sucking in as many students as possible. Their objective is to suck you into Mastermind eventually. If you paid more than that, you suck real good All 5 star reviews that you see are from OTA students taking the class. They are offered prizes during the class. So, that explains the 5 stars. No institution gets 5 stars from everybody, c'mon be real.

Here is how the whole OTA business runs. When you come in the shop, it's a motivational speech, carefully crafted to get you pumped up to make millions in a year. How do you make millions? Well, they will tell you in next session title "Market Timing". You enrol right there, otherwise the discount they offer will not be available next day. You can always get the same price. It's a business to make money.

If you paid more than that, well you are a sucker. This determines how much they will sell the mastermind to you and if you get any discounts. It's a 3 day course. Also, how buy and hold doesn't work. In the end, you have sales guy called Education Counsellor coming in and share the retail price of the course if you take it same day otherwise price goes to wholesale tomorrow. Well, their retail price is the actual price they would sell the courses to biggest sucker.

I observed whites are preferred and get better discounts. So, if you are white, use it your advantage and reap deeper discounts. Generally, that happens for their new instructors, good instructors have their classes filled in pretty quickly. So, you cannot attend those. You only get trades per asset class why use options trading academy week. Also, they do not share how they came up with levels. Conclusion: If you register for only couple courses, you will notice that your Education Counsellor is always trying to sell you Mastermind every chance they get.

You will also notice that you are missing some parts of core strategy that is only taught to mastermind students, only to realize after you get Mastermind that nah, not worth it. So, Does their core strategy work? But, not more than any other trading strategies out there. You can learn those from other institues for about 5K. As any trader would know, there are many strategies that works, retracements, breakouts etc. If you are still a fan, I would suggest take their pro trader courses about 8K including XLT that teaches core strategy and move on.

You can learn basic mechanics of Futures, forex from any book and apply core strategy to it. That saves you 50K right there 50K profit, I should say as i am a trader. Will you be a millionaire by the end of it? Know this, it's a business and their profit is based on how much they can sell their courses for. They will make you think about big dreams and that their courses will help you achieve it.

Generally, you know if you will do well or not. So, if there is any hesitation, walk off, save your retirement money. Deals will always be there if you really crave OTA courses. One more observation, generally their target is oldies as they have retirement money. But, these students are the ones who do not do well.

First off, they don't know computers. Second, they have hard time learning the platform. Third, OTA doesn't help set you up with trading accounts even with their business partners. I hope this review would be helpful and gives some insight to prospective students that they don't receive from OTA. Existing students, well you paid what you paid, can't do much about it now.

It was a business transaction. The "instructors" are also entirely on commission, making more than the "educational salespersons". No one at Online Trading Academy is a real trader and no one uses the system to make money. Because the system does not work. OTA is a hard core sales operation. You'll be asked a series of "pain questions" like, "What is the cost of doing nothing? But the trading system does not work. It uses simple fibonacci and support and resistance to get lucky once out of eight times - so you lose seven times, but win once.

This makes you think it might work if you could learn it better. They say, "More markets, more opportunity" and "You're not making money because you need more training! They say that you lose small and win big - just another lie to cover up the many many losses for one small why use options trading academy. Your account slowly goes down and you blame yourself for not making the system work - but it's a losing system, not you! You may even fall for buying more education for thousands more dollars.

Note that OTA's trading method supposedly uses supply and demand levels that they identify - some from many years ago! But big traders and institutions never leave pending trades lying around, never. Not even overnight or over the weekend because a news event could cause a huge loss. In fact, most institutional trades are high why use options trading academy trades in and out of the market in less than a second! But OTA will try to tell you supply and demand levels last for years.

Don't believe a word they say. It's all a scam and like all cons, the lies really sound good! No you can't trade like the institutions who often lose big, by the way - you don't have the money like they do and you can't push the market around like they can. Before you come in to a seminar the salespeople take half the chairs out of the room - so it looks like lots of people are showing up, more than expected, then they bring back the chairs.

There will be one or two OTA employees acting like students in the room. They buy and everyone else thinks, if they bought, I should too. OTA calls this "social proof". They have about a hundred more tricks up their sleeve - you won't have a chance. The back of embedded put option volatility contract says you can't sue them and also you can't join a class action lawsuit. Online Trading Academy is exactly like Trump University and Corinthian Colleges, all scams selling a product that does not work to hopeful people ripe for it.

Note: they illegally record all telephone calls with "Tape-a-Call". Patented does not means it works! I know all about it. Don't believe the positive reviews. Heck, when I worked there, I wrote some of them! Everything they do is totally designed to take your money, leaving you dry. When you figure out the trading method does not work they'll try to sell you further training on more markets. See how it works? They tell you that you just need more training for thousands more.

Here's a good trick: The instructor is going on about how you can make lots of money. And then he shows you a live trade he made during the break. And think how much you can make doing this. You just need to sign up for the training. The trick is he made Ten random trades, half long buys and half short sells. He chose the one lucky trade that made the best profit to show the class and ignores all the others that are losing.

He only shows the profit trade!! The instructors do not trade themselves, they just say they do. If you see a statement or a testimonial, it's fake. The instructors make much more money from you than they could from trading a losing system. Hello can you please write to my email I would greatly appreciated I signed up and I need to get a feedback from someone who went throught it to know if this is worth my time. I need to get some kind of feedback I paid for the 3 day introduction so far Are you thinking that trading would give you a flexible life style Friend, there is no free lunch in the market.

Don't do it please. I have learned the hard way. I have been trading for 18 months and have not yet made a penny! My name is Emmett Moore with TradingSchools. Org and I am writing a review of Online Trading Academy. Thus far, the program they are offering looks suspicious. Can you reach out to me for an interview? I recently attended an "informational" seminar with the OTA.

If you would like to speak, email me at sharjeelarif gmail. They are out for your wallet. Go to Youtube to learn stuff for free. RIPOFF, RIPOFF,RIPOFF I attended this seminar. I was promised that I will learn more about forex, futures if I come there. Since I already have experience of trading for 7 years I do not want to spend traveling and time in just attending inspirational talk on why to learn trading.

I asked for brochure at the NY center near Wall Street 42 broadway and they said, they dont have one. The guy went on being rude saying, I dont need to market you. He kept saying, I am wasting my time with you. I would rather give it to some homeless guy. He then apologized to me, and then gave me the rates of the other classes. I would not give that money to some mediocre traders edgesforextendedlayout navigation bar dreamweaver can teach me basics of trading.

In short, please dont waste your time on ONLINE TRADING ACADEMY. I am glad I didnt spend a penny on them. There are many other sources for me to learn trading. There are videos, books, and other courses offered by various institutions and trading platform thinkorswim etc. I only hope I can save someone from this awful experience! Don't even step into one of their education I Mean " SALES OFFICES".

Would it be OK with you if I called you to chat about your experience? Online Trading is a total ripoff. They have been running informercials on late night tv much like the now defunct Teach Me To Trade. More recently they are using apparently bogus testimonials on the internet posted by apparently paid shills and OTA employees. They even have their own website which implies that it is a 3rd party review site. An obvious clue is the raving five star reviews which all look like they were written by the same person and that other accurate, but not so positive reviews are blocked and deleted.

Calling it a workshop is quite a stretch. It is a blatant sales pitch much worse than any time share presentation. They also promise lifetime retakes. But their class room only seats about 20 people and they are constantly pushing for more clients. Where will they put everyone? FACT: Most clients quit in frustration and even though classes and workshops are listed as "sold out", there are more often less than half full and cancelled.

And they also promise tuition reimbursement. Don't you love the way they throw around those educational terms to make them sound like a real school? Here again, read the fine print and really check them out. You know what they say about when things sound too good to be true. On some websites where complaints have not been deleted, supposed company officials post rebuttals and challenge anyone to contact them at their corporate offices in California.

The number is a toll number, not toll free and those who have called find it links to a voice mail and after leaving multiple messages, no one returns the calls. So much for help from corporate. Before it was called Online Trading Academy, it was called bloc securties, then momentum securities, then Newport Beach securities. In Orlando, the local office ownership has changed hands five times in a few years and has had massive employee turnover. Many of OTA's offices are located in right to work states which means that employees were probably treated unfairly so there probably are a lot of unhappy ex employees out there for sure.

However, one thing that Online Trading Academy doesn't want to admit is that they have a lot of unhappy clients and whatever is showing on the internet pales compared to what goes on in the local offices where clients are many times screaming at Online Trading Academy staff for their wrong doings and high pressure sales tactics. Yes, the above is very help full to learn about one more victim of scam please call me at So my husband comes home after spending a half day on a Saturday attending this "free" seminar to learn about trading.

He is all excited and talks about how he will be learning how to make money blah blah blah. So basically I have to either get in debt, borrow money, rob a bank, or sell my soul to finance this? My husband was so excited about the "program" until I made him get on the Internet to research the reviews about OTA. BAD REVIEWS left and right. After the free presentation they take you aside and practically twist your arm to commit to their 7 day class.

Even when he protested that he needed to discuss this with ME his wife they told him to put down a deposit to get the ball rolling. If something is too good to be true it usually is. I feel badly for the people that let a good sales presentation con them out of their saving and hard earned money. While it may take money to make money you shouldn't have to be in debt or go broke to get there. I like how you would post this without even stepping into a campus. Most people that post bad reviews on the internet do not even attend a course.

Here's a website with actual testimonials FROM REAL STUDENTS. Online Trading Academy promises to "transform lives" and indeed they do, but not for the customers benefit. You have to attend a 7 day class with mediocre trainers who actually make their living teaching not trading. Although they will tell you otherwise. The staff is made up of mr Wade Cook, Wize Trade, Optionetics, Larry Pino and other failed companies. The programs are basically useless and students lose money.

They were advertsing heavy on tv with informercials ala Teach Me To Trade and now seem to be resorting to fake raving five star reviews and even have their own review website which they want you to believe is a nuetral third party. Aside from why use options trading academy factors relating to the Online Trading Academy but note that they don't tell you any of what follows as they try to reel you inthe more I look at this kind of trading, the less I like it.

In fact this seems to me to be more like gambling than investing, with the potential for huge losses more forex trading system pdf database than huge gains. I'm a swing trader and an MBA. I really enjoy OTA's radio program. I've never attended OTA seminars. So, through hard work and help from the heavens I have developed my own strategies. Will I share my strategies with just anyone? No, I've worked too hard developing them over many years.

I've shared some of it with close family, but like OTA, if they have strategies that work I would have to charge someone a small fortune to teach them how to do it. I have attended basic and forex courses at the Kansas City OTA, and found them very helpful and learned a lot. I had done online trading webinars with various people, but found they tended to give you tips without explaining fully how they arrived at their decisions. The trainers at the OTA gave me the missing pieces of the jigsaw puzzle so that I now have confidence I can do it myself.

Trading is not for everybody, since you cannot win all of the time, and psychologically you have to be able to manage losses and drawdowns emotionally. Disciplined risk management is far more important in success than the percentage of times you make the right decision at the right time. It is certainly not for gamblers, nor for widows and orphans. You should always start with paper trading and do not go on to trading with real money until you are making reliable profits. I am only just about to start embarking on my trading, so I cannot b oast of any great success yet.

However, I am NOT an OTA employee or placed stooge of any kind. What I can say is that discipline and hard work are essential to success. If you want to trade forex successfully, you need to be up at 2. CST, as the busiest time for forex ubs options trading newsletters the European session. This is difficult for most people. What I can also say is that, a group of successful students from Why use options trading academy City OTA have rented an office in the same building and rent their own desks for a monthly fee.

The lady who runs the office gets into work between 6. One of my new friends who was with us on our basic course was there on her first follow up course. It had not really clicked why use options trading academy her on her original course, but it did on that second one. Her husband told me she is doing very well now. Caveat, she gets up at 5. I will agree with previous reviewers, though, that it is not a good idea to go into debt for this, and you should why use options trading academy go into a financing agreement if you know you can pay it off from your current income or capital.

Trading scared is shooting yourself in the foot even if you are experienced, let alone when you are just starting. OTA perhaps works best for those who have already dipped their toes into investing and have some idea of what is involved. I also accept that the model of large initial payments with lifetime use and re-education looks risky, as there is a need to keep new pupils coming in to keep the whole thing going. However, pupils who keep doing the re-education do normally click and do not need to come back for more.

With re-education it is important to realize you may have to wait owing to the importance financially to OTA of keeping a proper balance of new students. The other thing that OTA Kansas city, at least, provides is regular Wednesday evening seminars. Students who live sufficiently locally do regularly come back for this, which is a good group support network.

It is tough to learn anything when they keep pulling you out of the classes so they can up sell you with their high pressure tactics. And then I had to listen to the guy belittle me because he said it was "pathetic " that some one my age had as little as I did in assets - and he wanted me to cash out my IRA to pay for their additional classes.

I have been an OTA student for 18 months now. Now, Futures are a different story. Please shy away from it. Futures are not for beginners. I believed I could do it since their core strategy of trading futures is not difficult to learn. The result, I have lost half of my initial capital in futures. For little guys like me, there is no way I can make money using the OTA strategy.

You will get stopped out all the time. I started out like most do- excited but hesitant; having enough knowledge to get myself hurt but truly unaware of the danger and with very little money. I knew that I was supposed to find a career and that I was to love it. I had written some notes down about speculation and the evils that come from speculators one evening during class.

And after thinking about it my issue was- I had no clue what a speculator was or what they actually did. I had never been exposed to finance or investments. After my first orientation into the academy I knew this was what I wanted. I cashed in my college fund and opened up my first trading account. Fast forward to I started to watch stocks and options applying what I had learn from the foreign exchange classes I took earlier.

It was tough back then for me. I had many ups and downs and way more downs than anyone would want. By the end of that year, and after several emotional implosions, I realized I was in the middle of all the self sabotage I had read about in the psychology of trading books. Not only was I ignoring everything I was taught but it almost looked like I was purposely targeting failure… maybe because failure can be a lot easier.

They gave me more than just a strategy to apply. They taught me what love, trust and inspiration can build. These can be applied to why use options trading academy endeavor with the inspiration being the vehicle. Inspiration drives fascination and fascination is the motor to any learning process. YOU can change your life, it is possible. I thank Online Trading Academy, in my own way, every day for this.

I was very fortunate to have found Online Trading Academy when I did. Following the Housing debacle, I finally made the decision to invest in my financial education. In JanI decided to join Online Trading Academy after my Education Counselor confirmed my one simple question Not that I would be able to start trading like one after 7 days, but I would understand the rules of the game. My Instructor demystified how professional on Wall Street traded I understood the rulesand.

After some hard work, commitment and time, I COULD trade like a professional on Wall Street. As you can imagine, I was incredible elated to have finally been taught technical analysis how to read a stock chart computer retrieval option list linking a professional, as well as the concepts of Institutional buying and selling. To help me accelerate my education, I followed my Instructor's recommendations:. I created and submitted my trading plan.

I began watching my weekly XLTs. I traded in simulation until I was able to consistently achieve my desired rate of return. I practiced on my trading platform as this was part of my businessand. I logged, journaled, and reviewed my trades so I could become more consistent, while at the same time becoming quickly aware of my mistakes. My financial why use options trading academy my why was my freedom.

The ability to make my month income so I could leave a prior job that was no longer helping me grow professionally. I also wanted to spend more time with my family and take vacations! The simple truth is Like a new job or career, no one is great when they first begin and the ones that hone their craft and go after what they want with commitment and conviction tend to be the ones that succeed the fastest.

There are plenty of opportunities for students at Online Trading Academy to utilize the tools and resources at a pace that is right for them. My goal was to become a successful trader by a specific date, and I simply applied what I said above to help me reach my goals faster. I want to thank Online Trading Academy and especially the Instructors for helping me learn a skill that has helped me create both short-term income and long-term wealth e. If you are currently paying a so-called Industry professional broker fees and commissions and they are not helping you achieve your goals, I highly recommend that you invest in your own financial education.

Like I mentioned earlier, I would have continued to lose money in the markets if I hadn't investing in my Online Trading Academy Education. Very Quick and Easy! Complete The Form Below By Signing up, you agree to our Terms of Use. Online Trading Academy Reviews. Real Ways to Make Money Online. It has been well established that many of the money making methods promoted or sold online are considered scams. Some websites are selling training materials to a legitimate at home business, but doing it in an unethi.

Should You Attend a Real Estate Seminar? Real estate seminars can be a very controversial and divisive topic, depending on who you speak to. Their trading system does not work at all. I used to work there, so I know all about it. But that's the secret lie - it is the trading system that doesn't work, not you. Isn't that a great trick? Online Trading Academy is a brilliant, exceptionally well designed scam. View all 2 Comments. Odel Quintana Hello can you please write to my email I would greatly appreciated I signed up and I need to get a feedback from someone who went throught it to know if this is worth my time.

I need to get some kind of feedback I paid for the 3 day introduction so far. Nunzio iF YOU PAID ONLINE TRADING ACADEMY OTA ANY MONEY PLEASE CALL ME AT Steve Karb Online Trading is a total ripoff. Online Trading Academy SCAM. This is a lie. Stay away from these guys. Nunzio Yes, the above is very help full to learn about one more victim of scam please call me at Ever been to a used car dealership? Yeah well this is just like it Scammed Again The place is scam and will up sell you until you are blue in the face.

Best advice is to stay away from OTA. BrianinVa Aside from any factors relating to the Online Trading Academy but note that they don't tell you any of what follows as they try to reel you inthe more I look at this kind of trading, the less I like it. Contrast this to my own experience and expectations with a diversity of mutual funds at Vanguard. Here are some references on day trading:. I'm a swing trader. Have any of you previous reviewers actually been to a why use options trading academy I promise to review on this further down the line, when I see how I do View all 3 Comments.

Mark Bilby It is tough to learn anything when they keep pulling you out of the classes so they can up sell you with their high pressure tactics. Steve Cooper I have been an OTA student for 18 months now. Trading Is a Journey. Following my first class ProTrader I realized I could answer two basic questions:. Take the time to invest in yourself; your future self will value a put option bankruptcy you!

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