- Report: #1048967
Report - Rebuttal - Arbitrate
Complaint Review: Online Trading Academy
Online Trading AcademyInternet USA
Online Trading Academy High fees and no results. nationwide nationwide
*Consumer Suggestion: Misunderstanding
*Author of original report: They are cool for no gain
*Consumer Comment: Let's Be Fair
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Online Trading Academy promises a lot. When I walked in I specifically asked if such a program was designed for someone like me, at that time I was working construction (real work)had a lot saved up and I was just starting a family. I went to a free seminar and they made it seem easy to win large amounts of money in stocks and futures. Next came the payment I paid 10K for a 5 day class and a life time of online classes and support called XLT (extended learning). Since the online class was great but only at teaching basics of market terminology and market theory but i had thought it was about trading live and making money (that is what I had been led to believe). Next, i found out there was another class that was trading live and making money so after talking to the salesman I spent another 8K for that class plus a package of all the other asset class classes. Needless to say my stock trading account dwindled severly and I was out the 18K for OTA and now the 25K from failed trades. I didn't give up and decided to take their other classes in forex and futures since I had those classes in my package. I took them and did both the futures trading and fiorex and have never made a dime. I even ended up signing up for another 5K class for online help with forex trading. If I was a rich retiree or something in a way it would be understandable but i am a young man with three children and a family working a real job and they ripped me off with false promises and grass is greener in other classes ideas. If you are intrested in trading online save yourself some money just open a forex account for free, read Mark Douglas for mental stuff, and check out you tube for free videos by various traders that are actually into helping people and for free.
This report was posted on Ripoff Report on 05/07/2013 06:49 AM and is a permanent record located here: http://www.ripoffreport.com/r/Online-Trading-Academy/internet/Online-Trading-Academy-High-fees-and-no-results-nationwide-nationwide-1048967. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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