The last notes

    Because both qualities are available in this broker. But if you like to trade different market conditions then having several solid forex trading systems for each of the different market conditions is essential. Plus, their customer support is the best! What you need is to start with are basic Forex trading strategies and work your way up from there. Some like trading shorter time frames and keeping their traders open for shorter periods which means day trading technique sort of comes into play here.

    File a case 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. It's a business, not an academy. So, by definition of it, frex are in to make profits by sucking in as many students as possible. Their objective is to suck you into Mastermind eventually. They are offered prizes during the class. 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. 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.

    Also, they reviewss not share how they came up with levels. Conclusion: If you register for only couple froex, 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. As any trader would know, there are many strategies that works, retracements, breakouts etc. You can learn basic mechanics of Futures, forex from any book and apply core strategy to it. 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 boo, paid, can't do much about it now. It was a business transaction. I made my money in other things,and traded-self taught-and did well. I have a knack for catching large moves based on,figuring what will happen on the future etc.

    Because I know about trading,I knew much of what they tradkng was BS. Like they focus on their patented "supply and demand lines"-they go on and on about how it's patented which actually means very little implying that it's something very valuable. They tell wondrous stories about how they use a supercomputer to find supply and demand to put these magical lines on charts that you can use to get rich BUT it reivews on candlestick if you go online can be bought for cheap and maybe downloaded for free.

    Thing is they have the same lines for Forex,and there is no central Forex broker and you can't tell what the volume of sellers vs buyers world wide is,so their system wouldn't work on FX based on just supply and I asked the instructor this and he tradingg my question,said he'd answer later. He never did,despite me asking several times. So what they want you to do is pay huge coin,to be able to sign in to their website and they forex trading book reviews up the trades of the day,long term and short term for various FX,futures,stocks,options, forex dma indicator. You don't need to attend their week long FX or Futures course to learn how to push the buttons on trrading broker page.

    You can start a demo account,read online and figure froex's easy. Perhaps they give more details,but you don't need to know how a car and all it's electronics and ABS systems work to drive you? Check them out,check their record. Because I know the markets,I did however pick up a few helpful points from the instructor,and read between the lines of forex trading book reviews he was saying.

    So for me it forex trader london worth it,however another instructor may not give as much info. I don't fall for that crap,and told him as much. So in the last hour of the third day,the counsellors interrupted the class purposely to bring out the info packs and fancy case for the people million dollar forex setup ebook ponied rusrock-leg.ruy trying to publicly shame those who didn't.

    After it was over, several of us who didn't buy were hanging around forex trading book reviews I told all of this to them:go online and find an advisor,and learn from them. It's iforex online trading forum sales pitch. And I believe they'll keep getting money out of you until you've contributed a hefty amount.

    The instructor chatted briefly with each reviwws us in the waiting area before the class started. During the brief chat the instructor tried to get an idea of our financial status with some indirect questions. Both of us appeared that we did not have any extra money floating around to be spent on OTA's courses. Meanwhile there was another attendee pursued for further OTA education because he sounded like he had the cash to spend.

    When the instructor told us that OTA is selective ttrading who they allow to take their education because they want to ensure a "good fit", I think what they're really doing is choosing those that they think have the money and will spend it on their courses. I am not aware of any markets that are open on a Saturday and Sunday. So, what do you think happens on the Saturday and Sunday?

    Once you start this investing-in-the-courses process, it's hard to walk away as you've made such an investment already. Why are you HERE pushing this sale? This place is a real joke. I have heard far too many negative reviews since going to this sales pitch. I am going to provide you with a reviesw honest review of Online Trading Academy OTA. Before I get into my review, I want to tell you the reason why I decided to attend the introduction course offered by OTA. I am involved with internet marketing.

    The calls were their way of making sure that I was going to attend the event. They also asked me if I knew anyone else that was interested in learning how to trade. So I show up on a Saturday morning for the event. The first thing I noticed is the location was in a very nice building. Once I got inside, I signed in at the front desk and was told to have a seat in the lobby until revviews class began.

    Since it was early in the morning, it was pretty nice that they had hot food out. It was early and I had not eaten breakfast, so that was perfect timing. I remember that they had eggs, bacon, and potatoes. I have to say, the food was not bad at all. The first red flag for me was when the instructor started a conversation with one of the people that would be attending the class. I overheard the instructor asking a very young girl questions.

    It almost felt like he just needed warm bodies in the class. More importantly, being that I had a past career in pharmaceutical sales for many years, I knew these types of questions were qualifying questions. This automatically told me two things about what I signed up for. There was going to be a sales pitch with the class which was expected.

    The total cost of entry was not going to be cheap. The instructor then came to me as I was sitting in the lobby and asked me similar questions as well. Shortly after, we were moved into forex trading book reviews classroom. The classroom felt like I was back in college in a computer lab. The instructor began the tradingg with asking questions similar to the ones that he asked us when we were in the lobby. He also went into telling us that he was going to share information with us that we had never heard before.

    The information that was provided was information that someone could find online or from reading a book on the subject matter. What was interesting is he told us OTA has a forwx on their online strategy for day trading. Again, the information we got there was nothing that anyone of us could not have found doing a Google search. Being that I am into online marketing, I quickly noticed that the class was put into a sales funnel.

    For me, I received their Ad on Facebook. The sales funnel looks something like this. I noticed this sale funnel after the first offer, and decided that based on some of the flags I was noticing More red flags that I noticed coming in a few and what was being explained revviews the session, that OTA was not for me. If you do not know what a sales funnel is, you can get more information from the youtube video below:. After the class was completed, the sales pressure became more intense.

    There were no options as far as days to attend except what they provided. Then comes the classic decrease in price. I forget the exact price, but it was one hundred and something. The reason for the decrease in price according to the instructor was due to a relationship they had with one of the companies tradlng they use for their online charts to watch the stocks. At this point, everything about this session was becoming a comedy show to me.

    Some other RED FLAGS:. At the start of the meeting, a student that had some experience with day trading asked the instructor what type of credentials he had in order to be able to teach this course. The instructor quickly avoided the question and gave a quick answer that he would get to that question later. When he did get to it later, which was at forex trading book reviews end of the class. He told us that he was a student at OTA just like us, but he also worked for OTA and the information that he provided to us was information that he learned while forex trading book reviews a student.

    Well, I decided to play with this guy just a bit. Because the class was just about over, that is exactly what we did, we talked about this outside the class. When I had him alone, I brought up the marketing funnel and I told him I needed to know exactly how much everything was going to cost. During this whole conversation, firex was completely defensive and started getting pissed that I was asking these types of questions. At this point, I quickly knew that the instructor was a paid employee of the company and that he and the class instructor are both just sales people trying to get as many people in the class as possible.

    Now, do Reviewd think someone can go to this class and do well with online trading? I would say yes. But the majority of people that pay big money for this class are not going to do well. I also think that this company does not teach anything that could not be found from another company or professional trader. And of course, I know for any teaching there is going to be a cost. That is a lot of money for many people. That is why it is important to know what you are getting into and to ask questions.

    Because once you get caught in the marketing funnel and start paying reviws at different stages of the funnel, it is going to be hard to get out. I can promise you that this company is not going to refund you your money back for payments at a stage revieds has been completed. Remember me talking about the offer of the tablet for attending the class. Well, I did get a tablet, but I had to ask for it and it was a very cheaply made tablet.

    I would not even give my three-year-old this tablet for fear of being a cheap skate. If you are reading this, you probably received an email or saw an ad from OTA. It revviews my guess that you also probably starting doing a Google search to see if this company OTA is legit or not. Lastly, you are probably looking to earn extra money or even replace your income. One is through marketing online. Below is a solid reference where you can learn how to earn money to replace or supplement your current income.

    And it is free to low start up:. In conclusion, I am not saying that OTA is bad. What I can tell you is that I got more than one bad vibe from attending the OTA free course. Also, when someone gets upset when I ask legit questions about a program and they give me the runaround…I am out. Lastly, do an OTA Review Google search where people talk about the program. See what they have to say about their experience of OTA. I hope this helps someone before they decided to break the bank using Online Trading Academy.

    I was contacted by a rep who wanted me to complete the questionnaire and send it in, which I did. I could go to an Ivy League College for a year on that. I guess I have sucker written on my forehead. Lightbulb moment: The tuition varies with your ability to pay it, and is the tradint for the financial interview prior to telling you how much it all costs. That's why they will not answer the question, tradibg much does it cost? Answering that question would limit their potential margins later on in the process.

    A good investment in the future. Why give it to people with ethical issues? I guess it's more sales, sales, rusrock-leg.rug the big bucks out of your pocket. I'm going to Chapters and look up Constance Brown. It is all the same game plan, at all OTA, based on reviews I read. These salesman will pump up the rep forex trading book reviews the guest speaker, so you feel you are about to meet a rock star.

    The OTA rep is there to educate you. Sales is part education, part influence, part pressure in the correct mix. People don't like to make decisions, we prefer just eating, breathing, and being loved and having comfort. A good salesman will feed you, love you, and make all the decisions for you. A high pressure salesman will do that in a more artful way. OTA allows minimal questioning, they prefer filling up their pitch with old stale jokes, or stories about their projects in their big houses.

    The group will be fragmented, so that they can manage you, and close you forex trading book reviews, which of course makes sense. I have never been in a lecture in any college level course, where my educator pulled me out of the group ever three hours to check in with me and see how I was doing. Reason: you tradign for college up front, you can schedule an office hours visit. OTA wants your money, of course. OTA preaches and in GA they do quote several bible verses during the lecturethat supply and demand govern the market.

    You get this on day one. Also, OTA pushes short selling, with no real precaution on the unlimited risk it may present. Both premises are false. Supply and demand do not run the market, supply, demand, and specialists with SEC granted rights run the market. It is the specialist trader on the other side who may buy and sell large positions simultaneously, to work inventory orders. This allows the market to function for the benefit of large institutions.

    By entering this market with the false premise that supply and demand regulate it, one will have a belief that all movement forex trading book reviews based on those two variables. That is simply not the case, and if OTA were legitimate, and skilled, they would properly inform their "students" of the market forces, to begin with, rather than "supply and demand"which is lemonade stand economics. The public is generally incapable of making informed financial choices in the capitalist "free market" because the choices are fodex false.

    The SEC has tainted the market, ever since Joe Kennedy was appointed chairman. OTA is an opportunist, in a corrupted system. It takes two to tango, and here you have it. There is no safe and compleyely accurate method of trading. Company specific risk is unpredictable. Invest in something you do not have to think about all day.

    If you like gambling, go to Vegas West, they love you more than at Vegas East, and feed you well. Tarding, read books on trading, commodities, real estate rental property, or suffer having the dollar deprecated over time. There are other online pros in commodities and stocks charging much less, who actually have decades of experience trading, not just years. Our government has left us with some challenges in our "free" market.

    Don't give your money away, just because you lost some of it to ttading market. It's OK, take the money, put it on a Starbucks card, give yourself some love. It will go further. Nothing of substance was given. Was forced to go to a salesman office BEFORE the start of the class. Where this guy told a story of how good the training here was.

    And he gave me some excuse that he was not comfortable to trade THAT DAY! Next there was a sales pitch of how great the training was. Told us about the photos of traders from Chicago trading pit. It was a sales pitch. I went to the rest room froex one of the guys followed me. When I said that I need to think about it he got really upset. These people are crooks. They are not selling but forcing people to buy there mini training courses for HUGE AMOUNTS. DON'T EVEN THINK ABOUT DOING ANY BUSINESS WITH THESE JOES So check this out!

    I was just told by the Online Trading Academy in Toronto that I was not allowed to attend their class because I asked too many questions!!!! Want to hear the story? My husband signed up for the course years ago with the option to have unlimited lifetime access to the courses taken. Years later, I showed interest in the course and took the free introductory seminar in July, which then led to the three day paid market timing class last month.

    My husband also took the course with me as the curriculum had changed after the franchise was acquired by the corporate office and restructured. If you saw my post a month ago, you probably recall that I had a rough run with the instructor in that class as he was not able to accommodate different learning styles. My husband and I then signed up for the next course which would run from yesterday to next weekend.

    The people working at the academy tried very hard to sign me up as a new account as tradding to a guest of my husband's for this course, but based on my prior experience, I wanted to be sure that I would like the course and instructor first before giving them thousands of hook as a new teading. The instructor for this course was excellent, very knowledgeable, informative, dynamic and encouraging. He made it very clear from the beginning that he welcomed all questions and said that asking questions is an important part of learning.

    Because that's exactly how I learn after I pre-study the materials for any class Froex attend. We really forex trading book reviews the class and learned a lot and I was looking forward to going back today and for the week ahead. One little episode prior to the class yesterday which boook totally unexpected was the fact that foerx were pulled out of torex class when it first started in the morning to the office.

    The director of the academy along with our so-called "education counsellors" greeted us by saying that my guest pass needed approval from the director as he was the sole authority to grant such pass. Why on earth then did you not inform us of this when we signed up for the course weeks ago? Why couldn't you wait until the break to tell us this so that we would not waste precious class time? Why then did you have my name tag made in the classroom and forex trading book reviews a seat reserved for me if this pass had not been granted otherwise?

    Apparently there was an internal discordance with their administrative process, but why did we have to be involved and suffer the consequence of their problems? They had weeks to resolve this and nothing was done! So I walked out forex trading book reviews office by telling them that I did not own the problem and didn't want revviews waste class time so I went back! My husband spent more time in the office and the director signed an agreement for my guest pass, which was already agreed upon between our "education counsellor" and us when we signed up for this course weeks ago.

    Anyhow, with the agreement, I was "officially" a guest in the course. The day went by very well and we thought we all got along just fine until a phone call from the director came in to my husband while dining out last night. According to him, he received numerous complaints from students of the booi that "I" asked too many questions and he could not allow me to go back today and risk losing other "paying" students! That to me is totally ABSURD!!!!

    First of all, I wasn't the only one asking questions. Secondly, I was not the one who asked the most questions. Thirdly, why was I the only one not allowed to go back to the class? Is it because I was the only "non-paying" student? If there was an issue, which I honestly didn't sense and perceive, how come it wasn't communicated to me directly?

    How come there was no attempt to resolve it before the decision for the dismissal was made? How come the instructor, from the very beginning throughout the course of the day, encouraged questions all along? How come they would only hear from one side of the story before a sound and fair decision could be made, rather than being biased against me?

    After I called and left a message with these questions on the director's voicemail, he then wrote an email to my husband again, not me! So the premises for dismissal changed?! What happened to consistency and coherence? They were the ones telling me not to bother with the market timing class when I asked to retake it after the fallout with that instructor. They were the ones telling me that it wasn't necessary for me to take that course based on my existing knowledge level after their conversation with me.

    They were the ones that told me not to fogex about revieqs content I missed in the market timing class as everything would be taught and elaborated on in this course I'm supposed to be in right now! So much about honouring your own words, eh? So this morning when we went to the class, we were barred by the security guard trzding the ground floor! He basically said that they are a private institution and can do whatever as they see fit!

    My husband then called the director again and was told that he could go back alone without me! I would definitely like a justified explanation in a professional manner to convince me that the dismissal was based on solid grounds! I have a fairly good hypothesis about all these preemptive gestures imposed on me, but I would refrain from making it public until it's proven. While better than nothing when first starting out learning how to trade, it is a more expensive route.

    I am a graduate of their course, and while it has some merit, I wouldn't depend on OTA alone for success. Trading is difficult and no ttading alone is going to make you a great trader. Like anything else it takes long hours of experience and independent thought. I no longer use their trading method there is no right or wrong reviewx, more a personal choice of what works for each individualbut I credit the school on giving me a foundation to start on which I independently developed.

    As for the comments regarding the info seminar being a big sales pitch. If I were to start all over again, would I do it again? Probably not, but that doesn't mean for some people it would be ok especially if cost is not that much of the concern. One a side note, if fotex are a newbie don't just blindly start trading in the market either.

    That is a easy way to lose. There are tons of free stuff online you can study first, then tip toe in. Live discussion Join live discussion of Mike Mc Mahon on our forum Go to forums Video Your company video here? Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all. All rights reserved under US and.

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