Online Trading Academy Review
- Ease of Use
- Quality of Education
- Quality of Support
- Actionable Information
Online Trading Academy is one of the biggest market education services. The company offers a variety of online and offline courses with a broad range of topics, including stocks, options, forex and more. Read this review to see if the service is a good fit for your trading style)
About Online Trading Academy
Online Trading Academy is a comprehensive trader training and education organization that has been in business for over two decades. They are a marketing powerhouse that markets their services and products through infomercials, television and radio ads to draw people to their free live seminars. These seminars are used to pique the interests from the attendees who are then offered the opportunity to attend an advanced trading class and become further immersed into their training programs. They have trained over 200,000 students worldwide since inception in 1997 as the training arm of Block Trading. The organization has grown to over 40 on-location training centers spanning globally from the Americas to the Middle East, Europe, Canada and Asia. Most of the office locations are individually franchised but all follow the proprietary curriculum.
While Online Trading Academy provides quality education, we recommend online services like Investors Underground as they provide better education and ongoing support.
OTA covers all trading styles ranging from intra-day scalpers to multi-day swing traders to longer-term investors with emphasis on explaining the hows and whys of market forces. They balance fundamental analysis with technical analysis techniques to provide students with a full range perspective of the markets. I’d say that as students progress through the courses, the emphasis leans more heavily towards technical analysis which favoring scalping and swing trading styles.
Online Trading Academy is all about the courses they provide on-location at the various worldwide offices and online through interactive remote access sessions. OTA slowly transitions would-be traders from the free half-day presentations to discounted multi-day live and remote courses that progressively get more advanced and intricate as traders move forward. Heavy emphasis on technical analysis is covered with classic patterns and many patented and proprietary indicators and techniques including supply and demand lines.
The free half-day live workshops are the gateway introductions to OTA. These are often marketed through various media channels. Potential students are given the opportunity to continue their training with limited time discounts at the seminars.
The pricing can vary depending on individual’s experience and financial situation/goals. Once students pay for a course, they are allowed to re-take the courses anytime they find a scheduled opening.
They teach diversified strategies for trading multiple financial trading products including stocks, options, forex and futures. The courses start from scratch educating investors on the basic working of the markets and market timing to trading tools and methodologies.
Core Strategy Courses
The Core Strategy courses are split between Income Solution and Wealth Solution, which basically differentiate between traders and investors. Income is more intra-day and actively managed trading compared to less aggressive and more passive mid to longer-term swing traders and investors. The path of each set of courses leads ultimately lead to the elite Mastermind Community program.
Remote Online Classes
While the on-location live training courses the most immersive ways to learn, OTA also provides remote training sessions as well. These sessions include a live instructor that shares his screen with live charts and notes marked up so that attendees have all the materials in place. Participants can communicate through the chat and ask questions.
Students that graduate the Core Strategy program can extend their learnings through XLT courses. The Extended Learning Track (XLT) courses are a combination of remote live and self-paced and interactive training sessions that extrapolates and applies principles from the Core Strategy Course covering stocks, Forex, options and futures markets. The All Asset Mastery course is the ultimate combination course that integrates all the tools and resources for the most ambitious traders and connects them with other students in the Mastermind community.
The Mastermind Community Program
Membership into the Mastermind community is only given to students that complete three qualifying XLT courses. The cost is $15,000 for the first year and $5,000 per year afterwards or $25,000 for the first year and access for life. Mastermind Community membership gives access to the XLT- All Asset Matery training, Pro Picks from each XLT, Daily watch list, Market Screener and special trading chatrooms and priority access to OTA instructors.
These courses cover topics like real estate investing and wealth management, which includes tax and estate planning to address more conservative long-term planning. OTA is always adding to these courses, which are a very diversified way to fortify the financial base outside of active trading for many students.
Power Trading Radio
OTA also runs a daily podcast called Power Trading Radio hosted various instructors including Merlin Rothfield and Mike McMahon and Tillie Allison after the market close. They interview various industry guests that provide unique insights covering the most active financial markets. A lot of good free information can be found in these interviews. Podcasts are available for download on Itunes and Google Play Store.
What Type of Trader is the Service Best For?
OTA has done a great job of simplifying the markets so that newbies can onboard easily and proceed towards reaching the level of seasoned trader in time. These guys cater to every level of trader including intra-day, swing and long-term investors in a complete and comprehensive process oriented education model. It’s one of the few organizations that have something for everyone. The specialty courses are a nice touch that lends towards integrating more diversification outside of trading for students.
Is the Service a Good Value?
The pricing for the courses can vary based on individual experience and financial situation. Each student meets with specialists to determine their individual goals and ability to finance the courses. The half-day workshops are free and the follow-up courses apply in-person discounts ranging from a few hundred to thousands depending on how many courses are purchased. The Mastermind Community program is for the elite students that put in the time and money commitment necessary to gain acceptance. The quality if good but the pricing can be lofty, especially when compared to basic investing programs like Motley Fool, GuruFocus, or Investing Business Daily. Similar programs provide trading/investing ideas and education for a much lower price, however in-person classes are much harder to find.
- Very structured training programs and courses for all levels of investors
- Impressive roster of professional instructors
- Over 20 years in business
- Multi market and specialty training courses help diversify efforts
- Innovative remote training platform
- Can re-take courses once they are purchased
- Pricing can be inconsistent by individual case
- Mastermind Community is expensive