Online Trading Academy-HELP!

Agreed but that's what I mean...you can teach somone to be profitable by teaching them a profitable system and telling them to follow it...

Definetly. Of course! Don't you?

This is obviously complete nonsense (no offence). Does anyone offer their services for life for an amount of money in the thousands. Come on. Nothing is for life. Also read beyond the lines. Why on earth would a mentor need to be there for life. Doesn't that say something about their abilities as a mentor? I would love a good mentor. But if I still needed them after a few years and couldn't learn the rest on my own, then they didn't do their job properly as a good mentor? Shouldn't a mentor tell you where you are going wrong, but also, how you can develop your own way to be profitable, and how you can learn and teach yourself in the future?

The trainers are top traders? What is the definition of a top trader? How are they proving this? Why does a top trader spend his time teaching others? Sure he good do it out of a sense of good will, but then he wouldn't charge a fee. Finally the course is for 7 days. This is one of the reasons I would never take a course like this. You can't even learn the basics of a foreign language in 7 days. I have been learning intensely for months now on trading, and I'm improving, but still a long way to go. I don't believe much can be achieved in 7 days. If I consider what I knew after 7 days of reading and studying books on trading, I have to admit I was a trading moron. The learning seems to be spiral, and as you're learning, you don't really feel like you're going up much much, but a couple of months later when you assess it, you've improved a hell of a lot. Some traders can take years, other traders maybe sooner. But I don't know many that took only 7 days.

This is where we disagree. According to this logic you are teaching a computer to trade when you automate a 'profitable' system.

I would say that there is a certain level of understanding reached where after that it is a case of experience, courage, discipline and other factors that you can't exactly teach. Going back to the chess analogy, once you know how all the pieces move, and you know all the rules, there is nothing more you can learn about the game. You just have to work on strategies and gain experience through playing. This is what I meant.

Well the Russian system in which they trained grandmaster after grandmaster from a young age would suggest that even grandmaster is something that can be taught. There are many grandmasters though, perhaps mor than you realised, but only a few real chess geniuses and world champions.

PM me, I will give you the truth about OTA

I have spent about £9k with OTA and got nowhere basically over the last 12 months, and there are many others like me i can ssure you. They are either still trading Sim accounts or $1 per pip, neither of which will generate a full time income. I have paid my money so i am entitled to my say, IMHO:

-i think there is a bit of an NLP thing going on where you get swept up with the brand/lifestyle/community thing
-they are always upselling another course or XLT
-they dropped the grads network afternoons as i guess it wasn't profitable
-they replaced it with some sort of once monthly free seminar which is just upselling again
-its all packaging with no content
-there are 50 different tutors with 50 different trading styles worldwide
-i signed up for x1 trading solution not 50!
-free retakes are because they cant fill the courses with paid customers, or they cant communicate it the first time
-they give you the tools but not how to use them precisly and effectively
-they are expensive, you can get the same for 10% of the cost or free with a UK broker
-the tutors are so busy doing courses and XLT webinars when do they trade?
-teaching is obviously more proftable than trading
-look up Sam Seiden or Steve Misic here or on FXstreet.com and they are essentially giving away the main forex couse structure for free, so why pay for it?
-the Sam Seiden Supply & Demand methods mean you need a $25k min account for the Stops he recomends

Hi Wayne, read the threads that followed your first message, wondered where you are now with trading ? How was OTA ? Are u now successful ?

You know who has a great options mentoring program? Market Taker Mentoring. That is Dan Passarelli's company. He taught for the CBOE, traded on the floor, and wrote the book Trading Option Greeks. (And, I think he still trades for himself). He's the real deal. Here's the website:

http://markettaker.com