Monday, May 25, 2015

Online Trading Academy Alternative – Forexearlywarning Is Better For Your Forex Trading Business

Forexearlywarning is the leading alternative to the Online Trading Academy for educating forex traders. In this article we will give you many reasons why Forexearlywarning is strongly preferred by forex traders to provide a complete forex education package and trading system for 1-3% of the cost of Online Trading Academy. The Forexearlywarning trading system is much more effective at producing pips for traders, and most of our learning resources are free.

Reviews Of Online Trading Academy

Based on the online review sites like Yelp, Investimonials, Disqus, BabyPips and Kiplinger, here are the reviews of the Online Trading Academy users who attended their seminars and paid for their courses. After checking the reviews, traders can compare the Online Trading Academy courses and costs to Forexearlywarning.

Online Trading Academy Cost

Course attendees said that Online Trading Academy will pressure you to spend increasingly more money, up to $50,000 to attend all of their courses and to join their elite club. Alternatively you can spend $12,500 upfront plus $625 per month. They will offer to finance your courses at 18% interest after 6 months. Online Trading Academy will be aggressive and want you to spend more and more money.  

Some attendees stated that the pricing is insane, and some of the information on their website information sounds like Online Trading Academy is operating as a forex introducing broker because clients get rebates on their trades.

Forexearlywarning Cost

Forexearlywarning offers several online courses on our website, all of them are free. We also offer weekly webinars two times per week, these webinars are also free and these webinars are recorded so you can listen at any time. We also support our clients with free email and skype support. As far as cost there is no comparison because the majority of the Forexearlywarning educational materials are free.

Online Trading Academy Upselling

Online trading Academy training course attendees report that the "Power Trading Workshop" is not a workshop it is actually an up sell pitch, you get heavy sales pressure to sign up for ever more "advanced" courses that are way too expensive. The introductory course has a $5,000 up sell, which is for basic instruction, but you need to pay up to $50,000 to "graduate". Attendees also report that the constant up selling is annoying.

Forexearlywarning Has No Upselling

By comparison, the Forexearlywarning business model is flat pricing with no up selling. Most or nearly all of our educational resources are free. We also have a $19.95 per month subscription fee for access to our daily trading plans, this fee is optional. Our trading plans are based on the major trends of the forex market, and we use multiple time frame analysis to prepare the plans. You also get access to The Forex Heatmap®, a valuable tool for guiding your trade entries and for making you into a profitable forex trader. Remember you pay $19.95 per month, that is all, no up selling whatsoever, including live trading signals for 28 pairs.

Online Trading Academy - The Forex Heatmap® From
The Forex Heatmap® From

Online Trading Academy Course Content

The paid attendees said that Online Trading Academy teaches technical analysis indicators, support and resistance, candlesticks, correlations between markets, as well as risk management. They also teach broad topics like: globalization, understanding how commodity/forex market relationships offer long term forex traders a potential competitive advantage.

The Online Trading Academy course attendees also said that they didn’t learn anything new, or all of this is on Youtube. They also said that the three day seminar was really a the thee day sales pitch. They also said that the $10,000 spent for XLT turned out to be a waste of time,  and that the XLT course has no value. Their website indicates a $5,000 course where they teach technical analysis but you must take two prerequisite courses first before you can take this class. The online course descriptions are somewhat vague and general.

Forexearlywarning Online Course Content

At Forexearlywarning we teach market analysis for 28 pairs using multiple time frame analysis, by individual currency. This is a thorough forex market analysis technique. We also teach traders how to validate their trade entry points with The Forex Heatmap®. We teach simple money management techniques, like moving stop orders and scaling out lots. We show traders how to demo trade and take them to full scale trading via micro lot trading. Our trading system can be converted to a series of steps that anyone can follow.  All of this information is free.  Forexearlywarning has a free course for beginners, a comprehesive list of forex trading tips, an intermediate course of 35 forex lessons which describes all of the details of our trading system, We also have courses in currency options and binary options. All of our courses are free.

At Forexearlywarning we do not teach technical analysis because the technical indicators forex traders use do not work. Various studies referenced in the Kiplinger article state that technical indicators and technical analysis does not work, i.e., New Zealand study of 5000 different combinations of indicators, other studies indicate random results with indicators.

Online Trading Academy Approach

The people who attended their classes said Online Trading Academy knows the psychology of novice traders and exploit it. They say that the instructors have huge egos, the instructors only have a basic knowledge of charting, the instructors are actually sales people, they say that Online Tradin Academy is a carefully crafted scam. You can ask the instructors general questions about the economy and they do not have any answers. The instructors don't really give you any information anything until they have your money. Very high pressure.

Forexearlywarning Approach

The approach used by Forexearlywarning is pretty simple. Just visit our website and start reading our free lessons and courses. You can click around the website and quickly locate a course you like and start reading and studying. If you have any questions about something you read you can just email us or request a skype consultation. All of this will cost you nothing. Then when you think you are ready you can set up our trend indicators and learn to set up price alerts, which are also free. Then go ahead and subscribe for $19.95 per month and you might be able to start demo trading the first day. When you start to see positive pips and are managing your money right just start with micro lots and move forward into real money trading. You can attend our weekly webinars for ongoing market review, week after week. This is included in the $19.95 per month.

Conclusions - Learning about the Forexearlywarning trading system will not cost you anything and the system is effective at making pips. The Online Trading Academy system will cost you thousands of dollars to get to the training courses, possibly as high as $50,000, and some of the course attendees say it is a waste of time and money. If you run your forex trading as a business, the goal would be to keep costs low and to make profitable trades. Forexearlywarning is a much better choice compared to Online Trading Academy for overall education quality and accessibility. The Forexearlywarning trading system is a profitable trading system available to any forex trader.