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OTA (Online Trading Academy)

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July 30, 2010 – Comments (6)

Has anybody here at the fool used it, and is it worth the $5,000?  Does it make you a great trader and does it help you find jobs?

6 Comments – Post Your Own

#1) On July 30, 2010 at 3:34 PM, Varchild2008 (83.67) wrote:

I'd rather use the $5000 to buy more shares of (F) FORD which I own in my portfolio than to spend it on some Academy that is going to teach me to invest $5000 in a stock like (F) FORD.

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#2) On July 30, 2010 at 4:28 PM, dragonLZ (99.59) wrote:

Why don't you give me $5,000, and I'll teach you how to trade online.

1. You need a computer with internet access.

2. You need to open an account with an online brokerage like Scotttrade, ShareBuilder, TD Ameritrade, etc. (I'll show you how). 

3. I'll teach you where to click to buy, and where to click to sell, but I first need to see my 5 thou.

DLZ 

Helping new investors since 2007

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#3) On August 01, 2010 at 3:35 AM, Valyooo (99.37) wrote:

Thanks for the help

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#4) On August 01, 2010 at 7:15 AM, ragedmaximus (< 20) wrote:

next year i want to take smf year course stockmarketfunding.com. which is 2x your price but after a year training he gives you a real account with 50k of his money and he directs your trades via skype headset and you make comissions paying off his class fees. right now starting monday i will be taking a month long class for only 50 bucks at perfectstockalert.com his name is christian check his site out it's free I opted to take the 50 dollar month trading class which is pretty cheap. check out his site highly recemended dude see ya there i have same screen name on that one 

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#5) On August 03, 2010 at 12:23 AM, KCTrader528 (< 20) wrote:

I'm with him.  I've seen all kinds of knocks on the Online Trading Academy, but they are always from someone that has never taken any of their classes. 

Has anyone taken one of their classes that can comment? - and provide some useful information - not like dragonLZ - who displayed his ignorance by his recommendation of trading platforms.  Those aren't even professional trading platforms he mentions.  Anyone that trades knows that.

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#6) On October 01, 2010 at 8:37 PM, lajones710 (< 20) wrote:

I actually attended their 5 day class in Dallas back in 2008 and was happy with the knowledge I gained.  I really knew very little about trading & investing and feel, if nothing, it really increased my confidence and overall understanding of the market.  So if you want to look at it from the stand point of investing in yourself that's one thing.  There is of course tons of information on the internet and you could probably learn lots of techniques on your own, but there is just so much info to sort thru, and then of course, unscrupulous scammers, etc...  It's hard to know what to trust.  Going to a place like this can help fast track your learning and improve your confidence. 

Overall I felt they were trustworthy (and I'm typically pretty skeptical)  They help you learn (via live trades) how to navigate Level II trading platforms, teach you how to screen stocks, best times to invest, you learn alot about shorting (which is extremely risky if you don't know what you're doing) trading terminology and things like that.  Another thing, once you attend any of their courses, you can go back to refresh for free, as many times as you like, for life.  I've had pretty good success using the tools I learned for the little time I've had to trade.  I had an unexpected career change within six months of attending their class, and have yet to really make the time to really put it all to work for myself, but I still plan to utilize the tools I learned as soon as I regain some control of my schedule. 

Now, it's not going to help you find a job in anyway.  It's just about learning to trade and impowering yourself to take control of your financial future. 

Overall, I'd say it was a very good experience.  Hope this helped.  Good luck!

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