Articles
Interview with John O'Donnell
by John O'Donnell - Jan 7, 2008TJ: In terms of personal characteristics, do you think there’s a certain type of individual who makes a better better trader than others, or do you think everybody is capable if doing it?
JD: We have found in the last 10 years of running Online Trading Academy that the Asian community has the best traders. Why – because they are smart, focused and disciplined.
TJ: Given a chance, what would you like to do differently in trading again?
JD: Start younger by giving up my buyand- hold conditioned bias earlier. We need to teach our youth these skills.
TJ: What do you foresee for the markets in the next 2 to 3 months in trading opportunities?
JD: I think we are in for a short rally in the Dow back up to test the 14,000 area, then I forecast a recession in the USA led by the depressed homebuilding and finance sectors with much lower consumer spending as ‘Joe’ cannot use his home as an ATM very easily like in past cycles. I am not bullish on the dollar index at all in this area and expect it to decline further now that it has broken its .80 support level from 1992. I am very bullish on gold and see central banks returning to hoard gold and Euro as alternatives to the US dollar. We have observed several global central banks drop the US Dollar exposure and move to baskets of currencies.
Part II: On Online Trading Academy
TJ: Could you tell us about OTA?
JD: Online Trading Academy started educating students in the art of trading in June of 1997. As the leading trading school in the world, we offer state-of-theart teaching facilities and professional instruction, as well as a wide array of beneficial home study materials. We offer a spectrum of trading styles and instruments from day trading, swing trading, position trading and investment theory for stocks, exchange traded funds, options, futures (E-minis & commodities) and currencies. We are committed to offering the best in financial education! Our mission is to transform lives worldwide through exceptional trading and investing education and our vision will be the premier financial education community for peopleenriched life style.
TJ: Tell us about some of your key colleagues in OTA and what they do and their background?
JD: Mr. Shahar, Co-Founder & President, is a seasoned executive who started his first business importing diamonds in 1983. After developing the business to supply over 600 major wholesalers, the business was profitably sold in December 1990. In 1991, Eyal Shahar purchased 50% ownership in a struggling publishing house with a new vision to publish guides for the performing arts. With marketing experience, creativity, and leadership, he opened eight offices throughout the country and within 6 years increased company revenues by eighteen times. This business was successfully sold. He entered the securities business, forming Newport Exchange in 1997, the predecessor to Online Trading Academy. Mike Mc Mahon, Director of Education, brings 20 years of experience in the markets as an investor, trader and licensed commodities broker. He has taught classes in such diverse topics as battlefield medical aid, scuba diving, hazardous materials handling and motivational salesmanship. Ralph Loberger, VP of Franchise Development, has 20 years of experience in successfully growing franchise systems. Most recently, he served as Vice President of Global Franchise Development for New Horizons Computer Learning Centers, Inc. Tony Harkey, VP of Marketing, leads the development of the Online Trading Academy brand, customer acquisition marketing and all marketing support for the Online Trading Academy franchise network. For the past 20 years, Tony has held a variety of marketing leadership posts with E*TRADE, Isuzu, Yamaha and Fleetwood.
TJ: What does OTA focus on?
JD: We focus on independent DMA active trader education needs for equities, Forex, futures and options. All our learning experiences are in OTA brandedfranchised computer labs with classes up to 50-hour live trading executions with drills and exercises using our capital and coaching from our expert faculty. We also produce and publish 100+ hours of extensive multimedia cd-rom and DVD home study educational tutorials by asset category. See our inventory, titles and subject summaries at www.tradingacademy.net.
TJ: What are the principal products of OTA?
JD: Live classroom trading with expert instructors for: equities, Forex, futures and options. We also offer proven continuing education via webex voice over Internet protocol (VOIP) forums we call XLT with 4 specific rooms hosted by our faculty by asset class. See complete XLT descriptions per experience at http://www.tradingacademy.com/xlt.htm.
TJ: How can one benefit by attending OTA workshop?
JD: Our Free Power Trading Workshop Course, which is ˝ day. In it, you will learn how to cut through the noise and hype of Wall Street. You will get a clear view of how the financial markets really work and you will understand the importance of education and the Online Trading Academy “Education First” philosophy. You will leave with a clear understanding of what it takes to establish a trading plan and consistently execute profitable trades. Online Trading Academy instructors, all of whom are experienced, professional traders, will deliver hands-on ‘live trading’ instruction and a framework for building a disciplined trading plan. You will learn
- Tools, techniques and market indicators used by industry professionals
- The true skills necessary to be successful at trading in Globalization 3.0 Credit Bubble economies
- The 7 OTA Pillars of Trading
- The power of a live Direct Access Trading Platforms
- The secrets of NASDAQ Level II quotes and NASDAQ Total View
- How to use technical analysis to execute trades at the right entry and exit points
You will also discover which DMA brokers will actually pay you commission rebates on your trades to finance OTA tuition. Plus you will have an opportunity to ask questions of our instructors and get your questions answered. In this ˝ day class, we will introduce you to trading tools that put you on a level playing field with industry pros. It is a playing field where you can acquire the skills and tools of a pro; have charting, news headlines, and order entry capabilities all integrated together and at your fingertips; and get the same split-second executions that were once only available to the big-time Wall Street traders
TJ: What key successes has OTA seen in the last three years?
JD: We are now the industry recognized proven global branded leader and franchisor of DMA trading education space with instructors and platform solutions that are boom/bust tested since the 1997 dotcom era.
TJ: What are OTA’s long-term objectives?
JD: Open 100+ global branded franchised centers in the top international 100 metro markets to serve the active communities of traders/investors and adult learners. Then, support them via a web-based social network community.
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