Just wanted you to know that I appreciate your taking the time to write such a long and detailed report about your expereinces a few years ago at OTA.  I was looking into the classes and had a conversation with an OTA guy in California.  Something did not seem right about the conversation.  So, I looked at my OTA search results on Google and found this Ripoff Report site. 

Reading down through the different reports, I found your report.  I have to admit that I had a number of laughs as I read about your experience (sorry about that) b/c everything you said "rang true."  Even though I just had the one conversation, I've been around the block a few times and have been taken by some of the best "smooth talkers." 

Although your experience was several years ago, I've learned that "the spots on a Leopard do not change."  So, I just wanted to reach out and say "Thank you!"

 I am a student of OnLine Trading Academy and know dozens of other students. We all are very happy with what we get. It is not cheap but it does give you the edge to trade and make back far more than it costs. The people are anxious to help and the instructors are top notch. You get life time help with your trades. I know of no student who does not agree that it was money well spent.

I have read many books on trading that concentrate on technical analysis. OTA barely touches on that. Their core teaching is about how to find where large institutions like banks, insurance companies and brokerage firms are trading. Once you see how the big boys are trading on a given day on a given instrument, you can use that information to make your own trades. There is no other source for this line of thinking.

Although tuition is high, FXCM and TradeStation both reimburse you the tuition when you use their platforms to trade.

 My opinion:  Beware of bait and switch tactics when they lure you in with a low cost program and later try to sell you on something more expensive claiming that you need it to succeed and make money. I feel that this company is nothing more than a scam and should be shut down by the FTC just like the many other similar companies that used to air informercials all the time. Do not believe their sales pitches, their testimonials, trading results, ads, etc. None of their trading is done with real money and is all done in a demo account. Read the disclosure statements that you will need to agree to when you sign up for the program. They tell you that everything is Hypothetical and they are not trading in a real account using real money. I have lost thousands of dollars in trading with their bogus program and thousands more on their classes. Don't be a fool with your money and fall for this scam. This is nothing more than a sales company making their money on victims who don't know any better. Read all of the ripoff reports. Nobody would be motivated to say anything good about the company on ripoff report posting pages except people who work for the company and owners. Use common sense. Only people who are really upset and feel that they have been scammed would be motivated to go into these pages and post a report. That would include me and all of the other victims of this scam. Unless you like to lose a ton of moeny very quickly, stay far away from this scam or you will be sorry like my wife and I are. 

My opinion:  Beware of bait and switch tactics when they lure you in with a low cost program and later try to sell you on something more expensive claiming that you need it to succeed and make money. I feel that this company is nothing more than a scam and should be shut down by the FTC just like the many other similar companies that used to air informercials all the time. Do not believe their sales pitches, their testimonials, trading results, ads, etc. None of their trading is done with real money and is all done in a demo account. Read the disclosure statements that you will need to agree to when you sign up for the program. They tell you that everything is Hypothetical and they are not trading in a real account using real money. I have lost thousands of dollars in trading with their bogus program and thousands more on their classes. Don't be a fool with your money and fall for this scam. This is nothing more than a sales company making their money on victims who don't know any better. Read all of the ripoff reports. Nobody would be motivated to say anything good about the company on ripoff report posting pages except people who work for the company and owners. Use common sense. Only people who are really upset and feel that they have been scammed would be motivated to go into these pages and post a report. That would include me and all of the other victims of this scam. Unless you like to lose a ton of moeny very quickly, stay far away from this scam or you will be sorry like my wife and I are. 

I find it fascinating that even some of the clients who admit they were ripped off by Online Trading Academy refer to the sugar coated sales pitch they provide as a "seminar"  The program is advertised as a 1/2 day seminar but only lasts about 2 hours of any actual presentation which is a sales presentation, not a seminar. The rest of the time we are held hostage during the free lunch and afterwards by OTA personel who are labeled as Educational Counselors but are really closers.

So there is some truth to the 1/2 day advertisement. They will keep you there for a 1/2 day to close you and then upsell you to their XLT course if they see that your credit card has enough balance.

The whole thing is a joke.

Oh the FREE LUNCH? Soggy subs and watered down soda. The "Home Study Course" supposedly valued at $199 is actually worth about .99 cents. Nothing earth shaking here and you'll have to ask for it or they will conveninetly forget to give it to you, like it is really worth anything anyway.

if you have used online trading academy, please contact me with a first hand account. -thanks, leave a message and il return the call  312-473-5786 (rippoff report says not to inclide email, but i will anyway    CN1 "at" comcast "dot" net )

if you have used online trading academy, please contact me with a first hand account. -thanks, leave a message and il return the call  312-473-5786 (rippoff report wont let me include my email,why?)

The food in Irvine was pretty good :)   Look people, here is the best tip you're gonna get. Go to Day Trading Radio   This is the best education you can get in trading. You can listen for free or sign up for only $30 a month. I wish I had found these guys before forking over my money to OTA. 

Recently attended the free Power Trading Workshop in Burnaby BC and left 3/4 through after too many red flags (and a disgusting sandwich for lunch):

 - the presenter claimed to have a personal target of making $300/day i.e.70k/year - not bad for a young guy - as Jman says why teach if you are that good at trading?

 - when I found out during lunch the actual course costs 5k I started smelling a rat, later the slide showing a list of things each costing $$$$ but crossed out to arrive at the 5k did the rest

 - they then pull you out of the 'workshop' to do the sales pitch, claiming that you get a full refund of your course costs via a discount on trading commission - in my case it would only take 208 years!

-the video of the trader with the 'thick russian accent' making $600 while we watched must be true because after all we saw it on video!

To sum up: don't even go to the free workshop you don't even get decent lunch.

I attended the two week "Pro Trader" course at the beginning of this year, after going to the introductory workshop, and more than a few calls from the salesman. The people at OTA are very professional. However, the value of what they teach in their classrooms is questionable, especially given the plethora of free and available information out there. 

I attended the 2 week "Pro Trader" course at the beginning of this year, after going to the introductory workshop, and more than a few calls from the salesman. The people at OTA are very professional. However, the value of what they teach in their classrooms is questionable, especially given the plethora of free and available information out there. 

Please, if you are sane and rational, do not listen to these people writting negative comments about this academy.  I actualy made money the next day after going on their website and watching the free videos they have there, on the website, for free. 

To Dontbefooled:

Thanks for the report. I read your report then instead of relying on your opinion, actually went to the source and attended Vince's session. I DID ask him about the issues you raised.

If you think this guy is a scam, then I really question your judgement. I found him to be honest, straight forward, and not full of the usual crap you see out there. I've been to the Wizetrade events and have seen how they pack those hotel ballrooms and build the energy up to have you buy. I got a very different feeling from Vince. Hell, I didn't even buy and still felt like I could go to him for suggestions and help. How many other places can you do that?

I was lucky to attend the day long class when there was a 7 day class going and got to talk to some of the students. After that, I really think this is NOT a "no learning" class as you put it. And the most important thing, no $40 book in sight...where did you eve get that at!!!

Sure, this isn't for everyone but I really think that if you take the time to really compare what is out there instead of jumping to some half thought out conclusion, you will see that there is a difference between what Online Trading Academy is doing and what everyone else is doing.

Maybe instead of assuming what you think you know, you should go back and ask him the very questions you raise in your post and get the answers for yourself and then see what tune you are singing.

To Dontbefooled:

Thanks for the report. I read your report then instead of relying on your opinion, actually went to the source and attended Vince's session. I DID ask him about the issues you raised.

If you think this guy is a scam, then I really question your judgement. I found him to be honest, straight forward, and not full of the usual crap you see out there. I've been to the Wizetrade events and have seen how they pack those hotel ballrooms and build the energy up to have you buy. I got a very different feeling from Vince. Hell, I didn't even buy and still felt like I could go to him for suggestions and help. How many other places can you do that?

I was lucky to attend the day long class when there was a 7 day class going and got to talk to some of the students. After that, I really think this is NOT a "no learning" class as you put it. And the most important thing, no $40 book in sight...where did you eve get that at!!!

Sure, this isn't for everyone but I really think that if you take the time to really compare what is out there instead of jumping to some half thought out conclusion, you will see that there is a difference between what Online Trading Academy is doing and what everyone else is doing.

Maybe instead of assuming what you think you know, you should go back and ask him the very questions you raise in your post and get the answers for yourself and then see what tune you are singing.

To Dontbefooled:

Thanks for the report. I read your report then instead of relying on your opinion, actually went to the source and attended Vince's session. I DID ask him about the issues you raised.

If you think this guy is a scam, then I really question your judgement. I found him to be honest, straight forward, and not full of the usual crap you see out there. I've been to the Wizetrade events and have seen how they pack those hotel ballrooms and build the energy up to have you buy. I got a very different feeling from Vince. Hell, I didn't even buy and still felt like I could go to him for suggestions and help. How many other places can you do that?

I was lucky to attend the day long class when there was a 7 day class going and got to talk to some of the students. After that, I really think this is NOT a "no learning" class as you put it. And the most important thing, no $40 book in sight...where did you eve get that at!!!

Sure, this isn't for everyone but I really think that if you take the time to really compare what is out there instead of jumping to some half thought out conclusion, you will see that there is a difference between what Online Trading Academy is doing and what everyone else is doing.

Maybe instead of assuming what you think you know, you should go back and ask him the very questions you raise in your post and get the answers for yourself and then see what tune you are singing.

To Dontbefooled:

Thanks for the report. I read your report then instead of relying on your opinion, actually went to the source and attended Vince's session. I DID ask him about the issues you raised.

If you think this guy is a scam, then I really question your judgement. I found him to be honest, straight forward, and not full of the usual crap you see out there. I've been to the Wizetrade events and have seen how they pack those hotel ballrooms and build the energy up to have you buy. I got a very different feeling from Vince. Hell, I didn't even buy and still felt like I could go to him for suggestions and help. How many other places can you do that?

I was lucky to attend the day long class when there was a 7 day class going and got to talk to some of the students. After that, I really think this is NOT a "no learning" class as you put it. And the most important thing, no $40 book in sight...where did you eve get that at!!!

Sure, this isn't for everyone but I really think that if you take the time to really compare what is out there instead of jumping to some half thought out conclusion, you will see that there is a difference between what Online Trading Academy is doing and what everyone else is doing.

Maybe instead of assuming what you think you know, you should go back and ask him the very questions you raise in your post and get the answers for yourself and then see what tune you are singing.

I just went to the free 4 hour seminar yesterday. I was previously ready to sign up but after attending decided just too many red flags, contradictions and high pressure sales tactics. I was promised I would learn something useful to trading for my time but really found this nothing more than the same economics commentary I have heard on Bloomberg for the last couple months. The last hour we saw a 5 minute video of a trader placing one buy and one sell and of course he made 5 or 6 hundred $ (if he had not I'm sure they would not have shown it) but I really felt it was staged nor was I impressed as I have been trading for several years and make similar trades all the time but unfortunately they are rarely this easy or quick. I also found myself wondering if this was a real trade or if any of the promised trade to be done with their $ was in fact real or simply executed in a mock trade environment although I suppose it really does not matter as this is only training anyway. The trader then came into the class and talked to us for around 30 minutes but again was very sales oriented and he really did not say anything useful. I don't want to say I saw anything fraudulent but at the same time I saw nothing that made me believe they were going to teach me to trade better. The trader at the seminar claims to trade from between 5 minutes and 2 hours per day and also claimed to make $50,000 per month on this schedule.
He also said he has a home in New York and another in California and fly's back and forth all the time. He said his day started at 5:30 AM, 5 days a week and he traded at home in his PJ's but then showed us his trading desk at the Irvine office where he also claimed to do all his trading?
I too would like to see some proof of all this.
Don't get me wrong it is likely that this could be a good entry level class for anyone just starting out.
The expression Those who can do , those who can't teach, If they were this good why are they teaching and not trading?
These people were obviously trying to prove all this at the seminar but for some reason not giving us any black and white evidence. I'm not much for blind faith, maybe someone needs to challenge this group to prove their claims. I wish they would prove it because if they could teach what they claim I would have given them a check when I was there. for now I'm backing out as it just does not smell quite right.

Ask Mr. Vince Rowe to show you proof you are 'trading with HIS money'

He's using a paper trading account...and this is THE BIGGEST CON in DFW

Also, ask him for account statements of the millions he made trading to buy his business. He should be investigated by the Attorney General for Fraud.

He sells a $40 book....on a Powerpoint demo. This is the most expensive no learning 'course' likely ever sold...by a total con artist.

Seriously, ask VINCE ROWE for PROOF of profits

I'm not sure who I am addressing here, as it appears that perhaps the same person submitted their speculation with two different first names.

I am confident that neither attended one of our free one-day classes, let alone, one of our regular courses. If they had, they would know we do not deliver a snakeoil - death by PowerPoint - sales presentations here in Texas.

I take on the premise that if I can give you a solid day of education with quantifiable evidence as to why you believe what you do about the markets and your current financial adviser is false, rather than a sales pitch, that you may put Online Trading Academy on your list of vendors to receive financial education from if you should so decide to become a self-directed asset manager. We DO NOT have a financial product to sell you, just education on the mechanics of the market.

As I state emphatically on my radio show go and try all the suggestions that John, Joe or James (or whomever) proffer as the latest and most current expert on the financial market and investing, then come back and let me know how that goes.

I challenge anyone to find a better trading and investing solution on earth than what we have here in Texas. Here I let you trade with My Money, real-time, not with simulators or any other "Bait and Switch" solutions to learn how to be profitable in the stock, FOREX, options or Futures market.

Vince Rowe
Owner - Online Trading Academy Texas.

I'm not sure who I am addressing here, as it appears that perhaps the same person submitted their speculation with two different first names.

I am confident that neither attended one of our free one-day classes, let alone, one of our regular courses. If they had, they would know we do not deliver a snakeoil - death by PowerPoint - sales presentations here in Texas.

I take on the premise that if I can give you a solid day of education with quantifiable evidence as to why you believe what you do about the markets and your current financial adviser is false, rather than a sales pitch, that you may put Online Trading Academy on your list of vendors to receive financial education from if you should so decide to become a self-directed asset manager. We DO NOT have a financial product to sell you, just education on the mechanics of the market.

As I state emphatically on my radio show go and try all the suggestions that John, Joe or James (or whomever) proffer as the latest and most current expert on the financial market and investing, then come back and let me know how that goes.

I challenge anyone to find a better trading and investing solution on earth than what we have here in Texas. Here I let you trade with My Money, real-time, not with simulators or any other "Bait and Switch" solutions to learn how to be profitable in the stock, FOREX, options or Futures market.

Vince Rowe
Owner - Online Trading Academy Texas.

I'm not sure who I am addressing here, as it appears that perhaps the same person submitted their speculation with two different first names.

I am confident that neither attended one of our free one-day classes, let alone, one of our regular courses. If they had, they would know we do not deliver a snakeoil - death by PowerPoint - sales presentations here in Texas.

I take on the premise that if I can give you a solid day of education with quantifiable evidence as to why you believe what you do about the markets and your current financial adviser is false, rather than a sales pitch, that you may put Online Trading Academy on your list of vendors to receive financial education from if you should so decide to become a self-directed asset manager. We DO NOT have a financial product to sell you, just education on the mechanics of the market.

As I state emphatically on my radio show go and try all the suggestions that John, Joe or James (or whomever) proffer as the latest and most current expert on the financial market and investing, then come back and let me know how that goes.

I challenge anyone to find a better trading and investing solution on earth than what we have here in Texas. Here I let you trade with My Money, real-time, not with simulators or any other "Bait and Switch" solutions to learn how to be profitable in the stock, FOREX, options or Futures market.

Vince Rowe
Owner - Online Trading Academy Texas.

I'm not sure who I am addressing here, as it appears that perhaps the same person submitted their speculation with two different first names.

I am confident that neither attended one of our free one-day classes, let alone, one of our regular courses. If they had, they would know we do not deliver a snakeoil - death by PowerPoint - sales presentations here in Texas.

I take on the premise that if I can give you a solid day of education with quantifiable evidence as to why you believe what you do about the markets and your current financial adviser is false, rather than a sales pitch, that you may put Online Trading Academy on your list of vendors to receive financial education from if you should so decide to become a self-directed asset manager. We DO NOT have a financial product to sell you, just education on the mechanics of the market.

As I state emphatically on my radio show go and try all the suggestions that John, Joe or James (or whomever) proffer as the latest and most current expert on the financial market and investing, then come back and let me know how that goes.

I challenge anyone to find a better trading and investing solution on earth than what we have here in Texas. Here I let you trade with My Money, real-time, not with simulators or any other "Bait and Switch" solutions to learn how to be profitable in the stock, FOREX, options or Futures market.

Vince Rowe
Owner - Online Trading Academy Texas.

They offer this course where I live and they offer you a half a day instruction for FREE...

OF course I know that there is NO SUCH THING AS A FREE LUNCH...
and FREE AIN'T NECESSARILY FREE OTHER...

And considering the fact that the financial markets now are MAINLY based on bullstuff, lies, illusions, bluffing, arrogance and smoke and mirrors, TAKING THIS CLASS MAKES AS MUCH SENSE AS TAKING BLACKJACK LESSONS,ROULETTE WHEEL LESSONS, SLOT MACHINE LESSONS, TEXAS HOLD EM LESSONS, POOL TABLE HUSTLER LESSONS...

Or any OTHER GAMBLING TECHNIQUES!

This is like playing Russian roulette but they have your life savings at stake instead of bullets and one misstep could wipe you out financially.
CAN YOU COVER THAT LOSS?

I thought about going to see what the lesson was like out of curiosity but would probably be badgered by high-pressure sales goons with rabies and the noise would not permit me to think about what the seminar was supposed to be about anyway.

NO THANKS.

I am writing this in response to the post I saw regarding Online Trading Academy. As a former student, I can say that OTA is anything but a "bait and switch". The first day I learned that what I thought I knew about the stock market and specifically direct access trading was the very reason I was not very successful as a Trader. My perceptions were inaccurate, and my trading patterns were based more or less on emotional and social-economic beliefs and not on patterns, trends and historical data.

Since having took the course, my portfolio has gained 30%, and that is in spite of the volatility of the market lately. In fact, it was this class that taught me I can actually make more money in a down market.

As far as books are concerned, I haven't had any reason to buy any books. If I have a question, or want to refresh on a particular days instructions, I am free to go back and retake that day or the whole course at no cost. The instructors are top notch. Especially Kevin Green. His passion for the market is only exceeded by his passion in teaching it to others. I will forever be in Mr. Greens debt and if I have any questions, I can email him and know I will receive a rapid response.

Not only that, Vince Rowe (Owner of the Texas Franchise) is just as accessible. I have emailed him, called and visited the office where he personally reviews my trading plan and if I happen to be a few degrees off center, Mr. Rowe pushes the rudder to port a bit and I am right back on track. Mr. Rowe also provides additional seminars bringing in people from all over the country to speak at his expense. These Alumni events he has twice a year and they are invaluable. And the best part is they don't cost me a dime. Vince Rowe puts these events on out of his own pocket letting me and everyone who has attended his classes know that our future trading success is just as important to him as it is to us. Thank you Vince and OTA for all you have done.