Online Trading Academy (London)

bro_jd

Newbie
Messages
7
Likes
0
Hi all

I've found another high priced trading course over 3days for £2k.. These guyz are called "Online Trading Academy" and i this the place for workshop is St Albans.

comming to the point, as now am aware of Traders Uni, I wanted to find out from others out there how creditable are these guyz.

Any1 attended, any use?
 
Why are you wasting your time searching for trading courses, there is more free material and by far more superior on this site alone than any of the so called training sites.
(Those who can trade those who can't teach)
 
I think the thing about such courses is that you can either spend 12 months trying to teach yourself and reading every book in existence plus every forum, or you could do what is essentially a crash course. Snag is, even after this, you might still do another 12 months testing because you just haven't quite grasped the principles in a live setting.

I think these guys gave a talk at a recent event I attended. To all intents and purposes, what they said made sense.

You can, however, get a few nuggets of info just attending free seminars/events like I did. At the moment Gann Management are organising a free seminar in London. Not sure what they are hoping to gann from giving away a free seminar, though. (You see what I did there? :D )
 
One question that we should all ask ourselves before we
Start trading, Spend money on courses, trade demo accounts is.
IS TRADING FOR ME?
However it is a difficult question
After all it is our money if we do lose , we consider ourselves intelligent Independent adults capable of making our own decisions.
The truth is 9 out of 10 of us are not.
The training academies coaches and mentors will let you believe that yes you can become a trader most of them are failed traders who have stumbled across a more lucrative form of income
Namely the the novice trader.
 
Where

One question that we should all ask ourselves before we
Start trading, Spend money on courses, trade demo accounts is.
IS TRADING FOR ME?
However it is a difficult question
After all it is our money if we do lose , we consider ourselves intelligent Independent adults capable of making our own decisions.
The truth is 9 out of 10 of us are not.
The training academies coaches and mentors will let you believe that yes you can become a trader most of them are failed traders who have stumbled across a more lucrative form of income
Namely the the novice trader.

How do the pro's study... they must have started from some where... i wonder where do they learn all this stuff from, i cant find any university or a official recognised qualification in trading. so where do they go?
 
How do the pro's study... they must have started from some where... i wonder where do they learn all this stuff from, i cant find any university or a official recognised qualification in trading. so where do they go?


I am not sure how to get that box around the message bit.

But come on trading is not astro physics!
It is not an exact science. you cannot even put black and scholes options strategy to trading
most of it is learnt by trial and error or you are an ex-company trader. read practice improve
If you do not know how to put a buy or sell order you should not be trading!!
 
How do the pro's study... they must have started from some where... i wonder where do they learn all this stuff from, i cant find any university or a official recognised qualification in trading. so where do they go?

If by pros you mean people in trading firms, hedge funds, and banks, then they learn on the job - they are taught by other traders.

If you mean individual traders, there's a variety of ways - most successful people I've spoken to read everything they can get their hands on - I've read over 20 books, with a list of more that I want, plus loads of posts on forums like this. Once you think you've got a good understanding, you demo trade for a while, and if that's profitable, start trading small amounts of real money, increasing the stakes if you are consistently profitable.

I've never met anyone who successfully learned to trade by paying for a course, and the idea that you could learn something as difficult as trading in a weekend is fairly silly really. The guys running these courses are preying on people who know nothing about trading, so they can run through the absolute basics, and give you a system (which may or may not be profitable). You can get the same thing, from a more reliable source, by getting a decent book.
 
There's enough bull$h1t sometimes spoken at free seminars to fill a farmyard. Let alone paying silly money to hear info you can find for free on forums, websites, books or by watching videos on youtube.

I went to a free one during the week and apparently the "teacher" said that you should be trading after 3 months of learning. :mad:

Since when do doctors, dentists, brain surgeons, engineers, accountants, solicitors, plumbers, carpenters etc etc learn their subject within 3 months? :rolleyes: :sleep:
 
Last edited:
Online Trading Academy - been on the 7 day course?

Hello,

I attended the seminar last week, was impressed but dont know if spending 3.3k was a wise move?~? did you go on the 7 day course by any chance??

Cheers

Darren


Hi all

I've found another high priced trading course over 3days for £2k.. These guyz are called "Online Trading Academy" and i this the place for workshop is St Albans.

comming to the point, as now am aware of Traders Uni, I wanted to find out from others out there how creditable are these guyz.

Any1 attended, any use?
 
Slick

Nice Website :)

I would never advise against going to the free seminars etc. And as far as the course goes... depends.
I did a course around 5 years ago, and still haven't converted that into serious trading income. I'm putting together a decent run of profitable trades at the moment, but it took me 5 years to get where I am from that course (Point to bear in mind: this was 5 years involving writing up my PhD, defending my thesis, moving abroad, falling in love, moving back again, starting a job, getting married and having a baby - maybe coulda been shorter?).
What the course was, was basically a crash course in fundamentals, basic technical analysis, money management, candlesticks plus a few trading setups that you'd find on these boards if you looked. At the pace I read, the material covered would have been about 3 months' reading. The material was all valid, all made sense, but all shrouded in hyperbole. It represented a decent grounding to me at the time: a complete novice in every way. It didn't get me trading profitably within a short space of time, and i know that several of the people I did the course with have blown accounts since doing it. No guarantees.....
Would I expect this course to be any different?

Probably not.

Your choice re: spending the cash - and I couldn't criticise you for paying it since i did :eek:
 
In my experience, seminars can be helpful, but you are only getting the highlights of the expert's knowledge, not really the depth. I have been fortunate to actually work with an expert, and this has made a lot of difference, though, it wasn't really the best thing I ever did for my trading. After a long time trying all kinds of different markets, indicators, holding periods, etc I finally figured out what market I wanted to trade and how I wanted to trade it (no indicators). Then I found someone to help me learn it. I also read a fair amount on both the type of trading I was interested in and trading psychology.

But, as I said, that was only a part of it. The other part is that I got good historical data, and I split it into thirds. On the first third, I went through the data bar by bar figuring out what seemed to work consistently from what I learned. This was my research -- all done by hand. From that, I developed a specific trading plan. Because I learned so much from the bar by bar analysis, I was able to develop a handful of setups that worked well, I knew how to place stops, what the win:loss should be, etc. On the next third, I again did the painstaking bar by bar and tested the setups and refined them. Then, the last third (again bar by bar) was a test of myself. The basic question I asked myself was, "How well can I trade this." It took a real long time to do all this. As you might imagine, I got a lot out of this process. And, of course it didn't stop. I learn new stuff every day.

So, I think seminars, books, and mentors are all helpful, but if you don't do something significant to help yourself, I don't think the trader goes very far. It's just my opinion, but my experience says the hard work is worth it.
 
Last edited:
Gann Management - software????

Hello Shaowninja

Have you seen the training from Gann Management? Maybe you know anything about their software?

On Thu i will go on the training...but i am not shure, maybe it`s a time waisting...

Could you help me a bit, please?

Thank you,
Arek


I think the thing about such courses is that you can either spend 12 months trying to teach yourself and reading every book in existence plus every forum, or you could do what is essentially a crash course. Snag is, even after this, you might still do another 12 months testing because you just haven't quite grasped the principles in a live setting.

I think these guys gave a talk at a recent event I attended. To all intents and purposes, what they said made sense.

You can, however, get a few nuggets of info just attending free seminars/events like I did. At the moment Gann Management are organising a free seminar in London. Not sure what they are hoping to gann from giving away a free seminar, though. (You see what I did there? :D )
 
Hello,

Now, before I start my rant, I will concede I am not a highly profitable trader, and I dont earn millions prop trading my own or anyone else's bunce.

I have studied, studied and studied. I did my degree, postgrad, and everything else, then started out as a clerk, then ran a hedge book, then basically ending up building models. There are a whole load of courses that are worth doing if you want to learn specifics - the CFA is the best for equities and fund management, but it will take you a couple of years to do. The CQF is probably the best course, in fact it is the best I have come across by a mile, but then these courses cost a significant amount if you are paying yourself.

Some people can trade profitably from technical analysis alone, some only use fundamentals. There is no way these courses can teach you to trade profitably - sorry, but that is the truth. If these guys could actually do that - why the rubber duck are they teaching other people?!?!?!? If I could consistently make 100% a day or whatever nonsense figure you choose, then why would I tell anyone else how to?!? How many hedge funds publicise their strategy? How many major prop desks would tell you their position?? None. Absolutely none.

I firmly believe these are a scam, same as I believe most of the sites offering to seel you trading models, timing programmes blah blah blah are all nonsense. I dont think it should even be legal, and I would be surprised if it is. Most of the people that run these types of courses are fly by night cowboys. They are relying on the allure of trading. People like the idea that using derivatives, using leverage, using spread bets for one pound and all the rest will make you serious money. That is the same reason that people play the lottery - people forget the numbers, and think it might just be me. It does not actually matter how bright you are. I am sure there are people on this list that have Phd's, and there are people with no GCSE's that make the same money. It does not mean everyone will.

Becoming a trader is not an overnight process. For example, GS want you to have a shed load of qualifications, be very sharp, and to spend at least two years working in the back or middle office, then maybe product control, risk analyst something similar. They take the best people they can find, and dont let them risk a penny for at least a couple of years. Also, there is a massive amount of training they give you!

I know this is long, dull, and not what anyone wants to here - but, there is a massive amount to learn before you start risky your own capital. Essentially, everything is against the independant trader. You can be squeezed by every man and his dog, you dont have the same access to either the market or information more importantly, and you dont have the ability to lose the capital and carry on....

Very negative, but I think very real. Trading is not easy. Fact. If you really want to do a course, for the money that has been mentioned, go to CASS and do a MSc in mathematical trading. Or do the actual professional courses. Then, you can probably get into a fund or bank that will train you, and train you properly.

Anyway, rant over, sorry about the negative tone. Probably because all the traders here are making millions and I am not :)
 
  • Like
Reactions: DT
(Those who can trade those who can't teach)

Why are you wasting your time searching for trading courses, there is more free material and by far more superior on this site alone than any of the so called training sites.
(Those who can trade those who can't teach)

Hehehe
I bet you wound up a few teachers!!!

You are right though, generally thats how it is. Your professor at university is great but never works in the real world!
 
My patrner and I have been on the Futures, Forex, Protrader and Phschology courses with the OTA in the UK. Its great that some people can pick it up so easily but we felt we needed to be shown the way and needed some proper training.

Our experience with them has been a good one. We were novices to trading and now trade fulltime. To be fair we feel we would have lost a lot more money if we had not done the courses and not had their support. Its taken us over just over a year to become competent and consistent and admitadely we were in a position (redundancy) where we could devote our time to this full time.

Its not been an easy journey and we have put a lot of screen time in and I'm sure we will keep learning but we are now comfortable with our trading style and performance. We swing trade the spot Forex market and day trade the ES (Emini S&P).

We have previously read a lot of the free resources and been to seminars etc., but we know that we would have made a lot more costly mistakes and that it would have taken us a lot longer to have got into the position that we are at with our trading.

On our Swing trading we are only looking for extreme levels and we for a minimum of 3:1, but manage the trade to take a lot more out of it. There area number of rules we have in our trade plan for specific trade setups and market conditions.

We day trade the ES (3-5 contracts) with a 2 to 3 point risk. We only take 1 - 3 day trades. This again is managed accordingly within our rules.

We've been on the courses a few times with differant instructors including Sam Evans, Sam Seiden, Ed Ponsi, Michelle Volmering etc. Do these guys trade....check them out yourself...we did. They are pretty well known in the industry and some of them are Hedge Fund Traders / managers.

Do they trade? We are on the XLT's also, which are the live webinars. We look at trade setups all the time and its up to you if you take them or not. After a while you kind of know which are valid levels and which aren't. They don't always work but the secret is in managing the trade and risk management, so that when you do loose its only small and when you win its eeked out.

Anyway thats enough...... look into it properly because it does cost a lot of money, time, discipline and patience.

Good luck in whatever you decide to do and happy trading.

Ps. You might think we work for the OTA but I can assure you that we don't. We just wanted to share with you our experiences and its up to you make the right choices for yourself.
 
It's not entirely clear from your post but are you trading real money and are you consistently profitable? Assuming you are have you recouped the cost if the 3 or 4 courses that you both did? Whilst it's good to learn about trading and make progress neither of those will pay the bills. Too often we see positive reviews but when you dig deeper the picture is not so rosey.
 
Top