Online Trading Academy Forex Courses Review
Online Trading Academy’s Mission Statements :
Transforming Lives WorldWide Through Exceptional Trading And Investing Education
Online Trading Academy’s roots can be traced back to 1997, as one of the largest trading floors in the U.S., with 180 traders averaging half a billion dollars in daily transactions.
But in 2001, they shifted their focus to providing education on trading and investing
Their courses are NOT limited to Forex trading though but also including Investment Theory for Stocks, Exchange Traded Funds, Options, Futures (Eminis & Commodities)
And the good thing about Online Trading Academy’s courses is that regardless of whether you are just a newbie or novice or experienced
they have courses that offer a complete education and training experience focusing on trading fundamentals, technical analysis, risk management, and highly-developed skills of execution for virtually any trading instrument.
Also, they have one unique feature about their courses known as the Extended Learning Track which is an an online learning experience
which enables the student to choose the area of study that best fits their chosen trading style, asset class and learning objectives
If You the kind that prefer Home Studies, they have a series of home-study CDs, which can be used on their own or in conjunction with our courses
Many of Online Trading Academy’s classes offer free “retakes” for as long as you’re associated with us, while others offer lifetime learning at a reasonable cost.
Although they are also offering Investment Theory for Stocks, Exchange Traded Funds, Options, Futures (Eminis & Commodities) courses
apart from merely ” Forex Trading ” courses
But since we are focusing on Singapore Forex Courses Review here, I shall only include the ” Highlights & Course Modules ” of their Forex Trading arm in Singapore
Here’s Some Highlights & Course’s Structure Of What You Would Get To Learn From ONLINE TRADING ACADEMY Forex Trading Course In Singapore :
Professional Forex Trader Course
Course Type: On Location, Online (both with Lifetime Retake Option)
Duration: On Location – 5 days, Days are approximately 6.5 hours
Online – 10, 3-hour sessions
- Each day’s agenda contains 2-3 powerful and fully interactive lectures led by a professional trader combined with 1-2 live trading and analysis sessions focusing on market analysis and trade execution.
- Maximum 22 person capacity providing individual attention from your instructor.
- Each student is provided a classroom computer where they learn in a hands-on environment.
- Students are provided trading workstations with real time data so they can practice strategy execution while under the guidance of a seasoned trader/instructor.
- Forex Foundations
Gain a foundational historical perspective of where foreign exchange began in order to better understand how trading the Forex markets really work. Learn eight powerful reasons why Forex Trading is an exceptional market to trade.
- Forex Terminology and Market Structure
Forex has a language unto itself. Become proficient in using terms including spot, lot, pip, pairs, rollover and how the Forex Markets are structured. You will be taught key concepts including Decentralized Market Structure, Market Participants, and how both traditional brokers and ECN brokers operate.
- Currency Pairs
Two currencies linked together in what is known as a currency pair is the cornerstone of Forex Trading. You will gain a solid understanding of Base Currency, Quote Currency, The “Majors” and Cross Pairs and their notable characteristics, as well as important strategic trading action steps based on Supply and Demand Trading with Online Trading Academy’s Core Strategy.
- Core Strategy Review and Application
This course is built on the foundation of Online Trading Academy’s Core Strategy taught in Professional Trader Part 1. Reviewing and understanding the OTA core market timing strategy is key. Knowing where the next market move is going to begin and end is the key to consistent short term and long term trading profits.
- Trading Styles
You will explore the different trading styles including short term as well as long term (Swing and position trading) and what to look for when applying these styles of trading to the Forex Markets. You will utilize a Trading Style decision matrix to identify the style of trading that is the best fit for you and your trading goals.
- Preparing To Trade
To successfully trade like a professional Forex trader requires preparation. Your instructor will outline a solid, consistent routine that will assist you in becoming and remaining a patient, focused and disciplined trader.
- Order Types
You will review the primary order types including Market, Limit, Stop Market, Stop Limit and Bracket orders. You will be taught what these order types are used for and advantages and disadvantages of each.
- Live Trading and Analysis
Our live market trading and analysis sessions are a favorite part of the course for students. During these sessions throughout the course, you will put into practice what you are learning in a hands-on fashion in the live markets. From your own individual classroom trading workstation, you will use a live trading platform from the industry leading FXCM Forex broker to trade live in the Forex markets with real data. You will put into practice what you are learning in a hands-on fashion under the guidance and support of an expert Forex Trader.
- Multiple Time Frame Analysis
Multiple Time Frame analysis is key to identifying high probability, low risk, and high reward trading opportunities. No matter what style of trader you are, you will utilize three specific chart time frames with purpose and focus.
- Forex Fundamentals
Awareness of news and Economic Reports providing key information such as the strength and weakness of various economies, overall market and investor sentiment is critical to the prepared professional Forex Trader. Knowing what action to take when Central Banks adjust Interest Rates is one example of the skills you will develop through this course. Using Online Trading Academy’s Trader’s Dashboard, you will focus on the most important Forex reports to be prepared for identifying high probability trading opportunities based on the market reaction to such news and reports.
- Risk Management
Risk Management is one of the 7 key components of your trading. You will continue to develop a proper risk management plan that considers three Controllable Risk Factors which allow you, as the Forex Trader, to grow in your trading experience and competence while not destroying your capital. You will gain the knowledge and skill to properly calculate position size to minimize risk on each and every trade.
- XLT Live Trading
XLT stands for the Extended Learning Track which is the graduate program at Online Trading Academy. XLT is an online program that extends the time our graduates have with their instructors and their fellow students. This segment of the course provides you with a 90 minute actual XLT session specifically for the students in any one of Online Trading Academy’s Professional Trader Courses, allowing you to experience what our graduate program is all about.
- Forex Correlations
Global correlations with commodities such as Oil and Gold play a large role in the flow of global capital and international trade which impacts the Forex trading market from which quality trading opportunities arise. This portion of the course will look at these important correlations and provide trading action steps based on whether the importing market is the base currency or the quote currency and which correlation (negative or positive) to look for.
- Forex Relative Strength
The concept of “Cross Pairs” will be added to your knowledge and applied in order to measure the strength of an individual currency which helps in determining which are the quality Forex pairs to trade.
- Odds Enhancers
Odds Enhancers are Online Trading Academy’s proprietary scoring system for objectively measuring the quality of trading opportunities. This lesson reviews the 4 Odds Enhancers presented in the Pro Trader course, as well as unveils Odds Enhancer #5, “Level on Top of Level” and Odds Enhancer #6 which focuses on the US Dollar Correlation. Odds Enhancers are an important component that gives you “the edge” over the trading competition.
- Trade Management
Often times the most difficult part of trading is not identifying a trade setup, but managing the position after you have entered the trade. You will focus on position management through scaling in and out of trades, as well as learning exit techniques designed to capture maximum profit with the least amount of risk.
- Live Trading and Analysis
From your own individual classroom trading workstation, you will use a live trading platform from the industry leading FXCM Forex broker to trade live in the Forex markets with real data. You will put into practice what you are learning in a hands-on fashion under the guidance and support of an expert Forex Trader.
- Forex Time Zones
The market responds with high probability price patterns within certain time zones. Some time zones have higher liquidity and price movement than other time zones. Forex is open for close to a 24X7 timeframe. As a Forex Trader you will learn the ebb and flow of various time zones and look to take advantage of trading opportunities that reoccur on a regular basis during specific times of the day.
- Momentum Breakouts
The benefit of momentum trading allows you to participate in a strong market move after it is under way (breakout). You will learn the rules and skills to take advantage of momentum moves while still properly managing risk and reward.
- Secondary Support Tools
Improper use of technical indicators and oscillators are some of the biggest reasons traders fail! These tools are not the primary tool used in Online Trading Academy’s Core Supply and Demand Trading Strategy, but when used properly, these secondary support tools can help stack the odds in your favor and provide that additional confirmation when taking a trade.
- Trade Plan Development
Having a trading plan is key to the professional trader. Trade-plan development is not a “topic in a course” but rather a process of taking concepts that have been learned and skills that have been acquired and continually updating your trading plan to reflect the level of trader you are at and plan to achieve. In addition to trade plan development, you will explore valuable considerations about establishing your trading like you would a professional business.
- Live Market Trading and Analysis
You will begin your final day of class with another hands-on trading session identifying trading opportunities and executing trades in all the global futures markets.
- Broker Accounts and Regulation
Forex broker dealers want your business and there is enormous competition between them to acquire it. You will be taught key aspects, such as regulation and capitalization, which will help you identify reliable and competent broker organizations using objective measurement criteria.
- Forex Futures and Spot Forex
Trading Forex markets can be done in a number of ways which offers you a tremendous amount of flexibility, but can also cause some confusion. You will gain a clear understanding of the advantages and disadvantages of both Forex Futures and Spot Forex.
- Mastering the Mental Game
The human mind is not wired to trade properly. From birth we are conditioned and naturally gravitate toward that which makes us feel good and staying away from that which makes us feel bad. Taking this action in the markets is a recipe for consistent losses. This has to be corrected! This course provides you with the proper tools to handle those natural emotions and the actions that stem from these emotions. You will also explore keys to successful trading such as discipline, integrity, patience, diligence and hard work.
- Ten Laws of Trading
The Ten Laws of Trading are absolutes that should be a part of every trader’s trading plan. These dos and don’ts keep Online Trading Academy students focused on the right things. This gives you the foundation for becoming a well-rounded, disciplined trader.
- Final Exam and Graduation
Here’s What Some Of The Students Have To Say After Attending Online Trading Academy Forex Course :
“This is a great course for anyone who would want to understand foreign exchange markets. Clifton is a great instructor who really breaks down the material. He is also open to answering any questions you may have.”
Keisha Ellis, September 2015
“This class has been very informative and has given me the confidence in believing that I can become a full time forex trader, achieving my goals of making this my new profession. I have enjoyed the entire week and am happy to be a part of this new community.”
Maria Bruzzese, August 2015
“Forex trading is simple, yet powerful. It allows the trader to post trades anywhere and almost at any time of the day for maximized profits. OTA will teach you how to do this consistently.”
Steven Szabo, August 2015
“This course gives me the basic knowledge and hands on experience that gives me the confidence to start trading Forex. Tim was great. Knows his subject well.”
Barbara Bradford, August 2015
“Take the class, you will be glad you did.”
Wayne Ollis, July 2015
If you are keen on knowing more about ONLINE TRADING ACADEMY
Forex Courses In Singapore
They have Free Forex Seminar For You To Preview as well…
Attend a FREE Class
This workshop will be held in our Singapore location.
- Learn how to invest and make your money work harder in the markets
- Identify market moves before they happen
- Apply a rules-based trading strategy to day trading or any of the asset classes
- Trade for current income… or build long-term security
You can visit Online Trading Academy Official website to register
You can call their Singapore Office direct to enquire :
Aperia Mall, #03-09
12 Kallang Avenue
Phone: +65 64239788