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Online Trading Academy (www.tradingacademy.com)


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Online Trading Academy (www.tradingacademy.com)

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  #21 (permalink)
Charlotte NC
 
Experience: Beginner
Platform: NinjaTrader
Broker: Ninja Trader Broker CQG
Trading: ES YM CL TF NQ
 
Posts: 404 since Jul 2011
Thanks: 997 given, 1,355 received

One last thing now that I have learned more I would ask what it the success rate of your students. How many students do you have and what is the failure rate compared to industry average if they purchase the XLT. A lot of students don't want to speak out fear of what may happen. The truth will win in the end.

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  #22 (permalink)
Merida, Yucatan, Mexico
 
 
Posts: 107 since Nov 2010
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kwak76 View Post



I ask them what type of methodology do they use for trading but they don't really go into that and you learn more about that in the actual classes which you can take.



Their methodology is based on supply and demand. Look up Sam Seiden on Youtube and you will get the gist of it. It all makes sense, but finding good supply and demand zones is tricky. Their Classes and XLTs help reinforce the methodology. The old DVDs follow the old curriculum from before Seiden became director of training at OTA.

PS: They have even patented their methodology. Check it out here.


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  #23 (permalink)
Charlotte NC
 
Experience: Beginner
Platform: NinjaTrader
Broker: Ninja Trader Broker CQG
Trading: ES YM CL TF NQ
 
Posts: 404 since Jul 2011
Thanks: 997 given, 1,355 received


PS: They have even patented their methodology. Check it out here.

How do you patent a 70% failure rate. Save your money. They don't trend trade and don't know how to do break trades.

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  #24 (permalink)
Merida, Yucatan, Mexico
 
 
Posts: 107 since Nov 2010
Thanks: 14 given, 61 received

That is the thing about patents. You don't have to prove how effective your invention is.


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  #25 (permalink)
Lakewood + CO
 
Experience: Intermediate
Platform: NT , MT4
Trading: Emini
 
Posts: 24 since Jul 2016
Thanks: 2 given, 11 received

Anyone have the OTA Options program, send me a PM.

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  #26 (permalink)
Europe
 
Experience: Intermediate
Platform: NT, IB
Broker: IQfeed, IB
Trading: ES
 
Posts: 155 since Jun 2009
Thanks: 181 given, 113 received

https://www.tradingschools.org/online-trading-academy-yes-its-a-fraud/

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  #27 (permalink)
Mumbai, India
 
 
Posts: 371 since Jan 2019
Thanks: 960 given, 954 received



Thank you! Finally!

This fraud is carried out in at least dozen different countries, I hope they shut down all branches.


This is what brought me to trading world back in 2015, and they have some really good sales people and zero useful traders.

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  #28 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,368 given, 1,707 received

(you beat me to it dk27 ) Good to hear of this action by the authorities. Maybe a bit of an end of an era of these older multi-decade upselling bait scammeisters and organizations.

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  #29 (permalink)
Mumbai, India
 
 
Posts: 371 since Jan 2019
Thanks: 960 given, 954 received


Cloudy View Post
(you beat me to it LastDino ) Good to hear of this action by the authorities. Maybe a bit of an end of an era of these older multi-decade upselling bait scammeisters and organizations.

Yes, I hope so. Also that number is only representative of how much they estimate in US, they have been very active even in India (in fact are in cooperation with one of the largest brokers here "Sharekhan"), so I assume they have made no less money here as well.

Good to see some actions being taken against these decade long scammers, they have also encouraged lot of other scammers here who sell their method with some cosmetics. Its a whole chain I tell you.

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  #30 (permalink)
Market Wizard
Columbus OHIO
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage
Trading: ES,
 
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Posts: 1,109 since May 2017
Thanks: 1,083 given, 2,783 received




who the hell would pay that much money for this. One part of me feels bad for all these people who got scammed but if your're paying 60k you have to be crazy. let alone losing 1.3M on this, wouldn't this draw any red flags?? you put 1.3M in anything long term and your coming out on top especially after the past 10 years or so.. not saying this is correct because its not but how do people fall for this?

Like the old saying goes" during a gold rush, the person selling the shovels makes all the money" and this is exactly the same thing just with a big shovel full of fraud.

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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