Online Trading Academy :: Worth The Money ?

Heard of Victor Niederhoffer? Here’s what Naseem Taleb (the author of best-sellers, The Black Swan and Fooled by Randomness) has to say about him “Here is a guy who goes out and hits a thousand backhands. He plays chess like his life depends on it. Here is a guy who, whatever he wants to do when he wakes up in the morning, he ends up better than anyone else. Whatever he wakes up in the morning and decides to do, he did better than anyone else. I was talking to my hero . . .”.

Wall Street reported about Mr Niederhoffer’s fortune some time back, “Mr. Niederhoffer's hedge-fund firm, Manchester Trading LLC, ran into difficulties a decade after Mr. Niederhoffer lost most of his personal savings when his previous hedge fund collapsed. Last month, Mr. Niederhoffer's largest hedge fund, Matador Fund Ltd., was liquidated after suffering losses of more than 70%, according to people close to the matter. Adding to Mr. Niederhoffer's problems, according to a person close to the firm: Swiss-based Octane, a fund of funds firm that invests in hedge funds, pulled a significant amount of money from the firm.”

Naseem Taleb’s hero ended up as a pauper despite all his financial genius. The reason for Mr Niederhoffer’s fall was a strategy way too aggressive and too many unwarranted risks. Deeper study of fundamentals would have helped him avoid many of his pitfalls.

Fundamentals are the key to being a profitable and successful trader. The trading market is full of hyped up courses and ebooks promising instant gains with a magi strategy. Though one might be tempted with the above offers truth still remains. You cannot go without mastering the fundamentals.

Online Trading Academy’s course is focused on mastering the fundamentals. Their website offers training about almost every trading instrument one can think. The course uses a background concept of 7 Pillars of trading to explain the intricacies of trading. Courses are available on Stocks, Forex, E-mini Futures, Options, Investing.

As per the question are their products worth the money is subjective. How much is information worth ? Different people will have diferent viewpoints on this. If George Soros (The famous speculator) were to give a lecture how much would he charge .. Thousands. In evaluating cost of information a key criteria is the credibility of the soure of the information. It is for the credibiltiy and the actionable information which is costly in the market.

A good place to start with Online Trading Academy  products is to check out their CD libraries and you can then also sign up for their on location courses which have a good feedback.
A point to note about trading academy instructors is that they are rated by course graduates in a comprehensive survey at the end of each course and the feedback is used to further enhance the trading education.