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Online Trading Academy NY

www.ny.tradingacadem..
Category: Websites
We offer professional instruction in all of our state-of-the-art teaching facilities around the world, as well as a wide array of home study materials. Classes cover a spectrum of trading styles and asset classes, from Short Term Trading, Swing Trading, Position Trading, and Investment Theory for Stocks, Exchange Traded Funds, Options, Futures (Eminis & Commodities) and Currencies.
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Scam
Don't fall to their scam!!!!

The scam works as follows: you check out the website and right away they ask you to attend a "free" workshop near you, why not?! so you go down to the so called workshop and then you find out that this is no workshop but a sales pitch-- the teacher teaches you absolutely nothing but tries to explain how beautiful & blissful life will be after you can trade... the teacher says (tries to make it sound natural...) that he almost doesn't work but the computer does everything for him & he can be wherever on the planet he wants to! how floury ! now at the end of the 3 hour "SALES PITCH" he tells you that they're gonna have a 3 day program where they will teach you in detail everything about trading... the price is $970 (around that range..) but since Online trading academy wants everyone to be able to take the course they will have a discount for 'only' $299 ! now you get intimidated... and you sign up for the 3 day course and pay $299. Now you arrive to the course and a self described Mega trader who's a retired NMM will give the course.. oh seems good.. now this guy starts talking for 3 days about 'himself" ..how rich he is.. how he has taken out from the bank 100,000 dollars cash from the bank just for the fun of it of holding so much cash..etc. he teaches you nothing but another SALES PITCH to get you into signing up for their courses for $12,000 (you get little info)- $100,000 for the full package... now they tell you that if you sign up TODAY (!) then you get a bonus of "only" around $50,000 tuition... now i didn't trust them further because i saw that they were low enough to charge $299 for a sales pitch (& they claim it's normally $970..) and sell absolutely nothing..so these people aren't trustworthy anymore.

P.S. STAY AWAY!!!!!!!!!!!!1

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Their Teaching Guideline Have Become Impractical & Obselete
The OTA (Online Trading Academy) teaching guideline is to teach how to trade LEVELS OF SUPPLY & DEMAND, in other words: LEVELS (or zones) OF SUPPORT & RESISTANCE.

The reality is, starting about mid 2011, due to the change of marketing sentiments and conditions, the LEVELS (OF SUPPLY & DEMAND) do not hold, which do not work as good as they used to .

THE ODDS of making winning trades using their LEVELS strategy is very low-------------- less than 10%.

OTA (Online Trading Academy) has come to a dead end in their teaching career as a result of stressing on using the concept of LEVELS.

The OTA instructors (whether teach physical classes or online classes) can not face this embarassing situation when asked by the students on how the failure rate is unbelievably so high.

All the better instructors who did not want to follow OTA's guideline have left the jobs and gone back to concentrate on their full-time live trading career using other proven useful trading strategies.

Only the mediocre instructors who stay at their jobs still need to make the real consistent inome from teaching the classes, not from live trading, due to the facts they are not capable of making winning trades out of the financial markets.

The courses OTA offers are way too expensive, plus their teaching guideline (on trading the levels of SUPPLY & DEMAND) have become obsolete and impractical starting about mid 2011, It is strongly recommended to be very careful before paying the tuition for the impractical teaching guideline OTA offers.

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Expensive Course
Their trading education is very basic. If you know nothing about trading then go for it. However, paying nearly $5000 for their trading program seems very insane.

I have learned ten times more regarding real charting and technical analysis from other website services that charge not even half of their most basic coarse.

One that I would recommend going to is www.Trade.education to learn how to trade stocks.

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Sjabs New York, NY

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Buyer Beware
BUYER BEWARE!

Careful here!

The perfect scam is one that, at its fundamental core, is not really a scam, yet has the same hook, line and sinker:

It lures the victim with the possibility of unrealistic material gains attained by the possession of some “secret” quality, usually knowledge of some “trick” or special “method” known only to a very lucky few,



It creates the impression of easy accomplishment of such gains through this knowledge, and



It requires the victim to pay a considerable amount of money for access to this “secret”, preying on the victim’s sense of greed through the appearance of rare opportunity (further prodded by urgent cautions that “this offer won’t last forever” and assuaging the victim’s doubts by assuring him that the money made through the “secret knowledge” will more than offset the initial expense, and in fact, the victim is getting a special “deal” in the price.

The “legitimate” scam incorporates one significant fourth criterion which distinguishes it from an actual scam: it offers authentic content based on genuine services but with no guarantees or promises of it bringing wealth. Thus, there is no fraud or deceit as to what is actually being offered. Nevertheless, it dangles an enticing illusion to credulous takers, much like the lottery (“Hey, you never know!”)

What separates this kind of promotion from honest marketing is that it suggests financial success for the taker as opposed to a nuts and bolts sell of a product or service. No advertisement, whether for a car, a beverage or even a financial services company even hints at supplying wild profits. Even a financial services company only claims to offer “security” through prudent financial management, and usually for retirement with the retiree’s own funds, without speculating as to results. You’ll never see a commercial from Morgan Stanley depicting a retiree making $4,000 per week – in fact; you’ll never even see a number of any kind. Rather, in the financial services business, capable stewardship of funds with a goal towards achieving secure retirement is the selling point.

The OTA is much like a company such as Herbalife. Cleverly playing on people’s greed, yet not running afoul of the law, it runs a legitimate enterprise almost entirely based on separating people from their money by suggesting hopes of helping them make more money without ever really working. In this, it is very similar to the gambling industry with its lure of the jackpot. Herbalife implicitly promises financial independence through a taker’s involvement in its “marketing”. It sells no products in most brick and mortar stores. Rather, it relies on an army of street peddlers pushing various health products motivated by a profit model similar to a pyramid scheme. The OTA also relies on turning ordinary people into company stooges. Instead of a tangible product, they market “advice” “training” and “coaching”. By skillfully presenting the concept of market timing, they create the impression that there is some “secret” as to why “novices” lose money in the market while “professionals” and “institutions” such as banks or Goldman Sachs only profit and never lose, and that the takers, too, can make the same kind of money applying the same principles as the professionals. If they don’t, they will “blow up their account”.

The OTA begins its pitch by organizing a “seminar” at a hotel, usually in Manhattan. A speaker is invited to explain complicated investment concepts to unsophisticated attendees. The speaker is usually someone with a strong investment background and explains, in an entirely credible fashion, how money is made and lost in the market. The speaker shrewdly twists the assembled guests around his finger as he explains the fluctuations of the market through a slide presentation. Even experienced investors (though not professional traders, who know better than to attend such events) are taken in. A “client base” is thus prepared and formed.

While a variety of speakers are utilized, they are for the most part employees of the company, with an occasional guest speaker brought in. Every OTA speaker is a thoroughly trained and highly sophisticated presenter – perhaps huckster would be a more accurate term. Every one of these narrators connects to his audience with the brash confidence and aplomb of a carnival barker and exhibits thorough mastery of the discussed subject. In this manner there is never a moment’s doubt in the audience’s mind that every word spoken is absolutely correct.

Various psychological tricks are used during this spoken “orientation”. After explaining a particular point, the speaker will seek confirmation from the audience by asking “am I right?” or “does that make sense?” which always results in a positive affirmation from the audience, thus confirming the sales pitch as indisputably true. Other times, the speaker will suddenly halt before speaking the last word of his sentence, encouraging the audience to “fill in the blank”, ostensibly to stimulate retention, but in reality to manipulate the audience into self-validating the speaker’s message. This way the audience subconsciously upholds the worth of whatever the speaker tells them, regardless of its actual substance.

To disarm any skepticism, a speaker may even encourage dissent. The reverse psychology can take the form of the speaker encouraging the listeners to convey misgivings by calling out “B.S.!” This contrived show of openness and superficial sincerity leads the audience to trust the speaker even further and qualms any remaining doubts.

One cunning ploy is to provide dollops of technical information, described in such a way as to appear like a tantalizingly successful formula, “whetting the appetite” of the listener, then offer more such goodies, but only “when you sign up”. Through each level of progression (orientation, apprenticeship, internship, etc.) a payment schedule is offered to the taker, with each stage more expensive than the last. The final level is the “mastermind” series, which offers access to an online “gated community” of previous graduates who are touted as successful investors. A computer interface of online members is provided, where the “community” gives each other advice and interaction. Reaching this stage requires the expense of approximately $30,000 and results in “graduation”. This completion of “courses” does not qualify a “student” for any professional license, such as a broker’s license.

To reinforce the enticement, a speaker will explain that “novices” or “amateurs” do things the way “the book” tells them whereas professionals and institutions do things in a much different way. A chart is presented in the slide during this particular presentation.

For example, the speaker may say that “the book” will advise that you buy during an uptrend and sell during a downtrend, but that a professional will do exactly the opposite. Or that the book will tell a novice to “confirm” a “leveling off” in supply and demand three or four times before entering a trade whereas the pros will enter only after the first leveling off.

To the poorly informed or misinformed, such insights are positively brilliant and earth-shattering, but such wisdom is in fact standard knowledge within the trading industry. The hook is set when the speaker tells the assembled takers, “We want the amateurs to keep reading the book”.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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these guys are a joke
let me strat by saing these uys are a joke i did ot go to the tradding academy in NYi was at the one n atlanta but im sure they are all the melets be clear they are not taders they are salses men in trader outfits these guys suck save your money if you ever go to the orentation itss 3 days wwhere they keep you loncked in a room fr 10 hors a day please save your money you can learn eeverything they say for free from ooks and yo tube videos hey ar the next fanchise i ont beieve their trading profit f they ere sogodwould hae been hearbout emi think they ar fake then tuition is like 10 grand im begging to think that here is more money in TEACHING PEOPLE TO TRADE THEN ACTUAL TRADING !!!!!!!!!!!!!! YOU WANT TO MAKE MONEY LIKE THEM TECHSOMEONE TO RADE THEN CHARGE ARM AND LEG FOR IT SO PLASESAVE YOU MONEY THESEES GUYS SUCK AND ONE IN ANY STATE IM SURETHEYARE ALLTHESAMEEEE

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Here's the good and bad
First, let me start with the good. Their instructors are fantastic and their classes are great. Unlimited retakes are nice as well.

Now the downside. The constant upselling is annoying

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TeeLee San Jose, Ca

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save your money !!
You will spend so much money and you will have no idea how to trade !!

I made a big mistake by taking my education there, so many better options out there

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Kobra Staten Island, New York

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Got a Great Education, Tons of Resources & Savvy Instructors
Although I can understand why newcomers bemoan the incessant sales pressure to buy (and buy more), I must say in all fairness that I received an excellent education, both in the on-site courses and in the ongoing XLT graduate trading rooms. The majority of the instructors are experienced and savvy traders; all of them are well-qualified and prepped for their instructional roles.

Like a gym membership, "it works it you work it". If you avail yourself of the many, many resources available, you will have the tools and knowledge you need to succeed as a trader and investor. Yes, it is expensive - very expensive. For someone looking for puff up a $5000 stake, the cost is way out of proportilon. But, when the stakes are higher - like managing your 401K in retirement or a windfal after a business sale or inheritance - it is time and money well spent.. My education certainly cost much less than I would have wasted if I had fumbled along on my own! I'm glad I went!

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car salesman
I have "visited" two franchises, florida and NY. This company breads salesman, not real traders. The instructors have basic charting knowledge, you will NOT learn enough to formulate a trading strategy that will last your life time. The biggest kicker is the pricing, its just insane, however, it wouldn't be so ridiculous if the value was there but it just is not. I have learned ten times more regarding real charting and technical analysis from other website services that charge not even half of their most basic coarse.

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AXAadvisor hauppauge, ny

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Sales motivated, questionable if profitable
I attended a seminar a couple years back which was given by a few guys in fancy suits who claimed to have been profitable traders, particularly buying/shorting Apple. They go through an elaborate discussion of the markets and how one can become very successful through their training prograrm. I was very weary of their strategy which was "customizable" to each trader by picking a volatile stock based on certain conditions and proceeding to exclusively trade the stock. Knowing what I know now about trading, I would fully hesitate to even listen to a word these people have to stay - they are simply sales people in my mind.

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Spur20 Houston, TX

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