OTA Files Patent Application to Cover Proprietary Trading Methodology
International forex training company Online Trading Academy (OTA) has applied to the patent office with the intention of covering their
International forex training company Online Trading Academy (OTA) has applied to the patent office with the intention of covering their proprietary trading methodology as a result of what OTA believes to be a unique understanding of how supply and demand affects the financial markets.
The filing permits Online Trading Academy to reference its intellectual property with a designation of patent-pending in its trading and investing products, marketing and informational materials. The company plans to vigorously pursue efforts to distinguish its market timing supply and demand strategy from other trading tools and systems in use today. A bold move insofar as setting a legal precedent by which it is accepted that strategies provided by forex training organizations can be considered the intellectual property of these companies will be quite an achievement.
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
“Many traders and investors buy and sell based on conventional technical analysis,” explained Sam Seiden, Vice President of Education, “but that is a very flawed and high risk methodology. Others trade on fundamentals, which means favorable information is already reflected in the price. By the time the news is good, the price is high. Both these popular methods are flawed and lead to high risk and low reward trading and investing.”
Suggested articles
What to Look for in a Forex Technology Provider?Go to article >>
“Our patent-pending supply and demand trading strategy is the first to help traders and investors identify market turning points in advance and enter market moves before they happen which is the key to low risk, high reward, and high probability trading and investing.”
Another unique feature of the supply and demand trading strategy, according to Seiden, is the fact it can be applied to any asset class (stocks, futures, forex, options) and, can be applied to short term trading for income or longer term investing for wealth generation.
Educational products and services proliferate the forex world, some are independent online methods, some are academies and others are additional materials offered by brokers. OTA’s manifest is that it is an international organization with franchises in various locations including 26 locations in North America, one in Dubai, another in Great Britain, and two in Asia located in Singapore and Indonesia. With this coverage, OTA has provided forex training to 35,000 delegates.
Leave a Reply
I’ve – regrettably – attended an OTA course, their 5-day FOREX offering. Gave them thousands of dollars. Listened to some basic info that’s easily available all over the internet. Then heard a rudimentary explanation for supply and demand and the ‘basic’ chart patterns, as well as some other fluff about what might happen (read: it might go up, or it might go down from here…) Then got the pitch for XLT – their attempt to gig each customer (not ‘student’ ) for thousands more… Notably absent from the entire course, and all of the retakes: – Any evidence of any… Read more »
I’ve – regrettably – attended an OTA course, their 5-day FOREX offering. Gave them thousands of dollars. Listened to some basic info that’s easily available all over the internet. Then heard a rudimentary explanation for supply and demand and the ‘basic’ chart patterns, as well as some other fluff about what might happen (read: it might go up, or it might go down from here…) Then got the pitch for XLT – their attempt to gig each customer (not ‘student’ ) for thousands more… Notably absent from the entire course, and all of the retakes: – Any evidence of any… Read more »
Dave: there have been more firms of that ilk since like forever. The only problem they have is getting people in the room that are sufficiently wealthy and have little financial knowledge. Best would be doctors, vets and so on, basically upper middleclass, but anyone who can fork over a few K will do. If you can solve that problem, and are a very good speaker (and enough of a slimeball), this can make for a very lucrative carreer. There was a famous one who toured Germany/Swiss/Austria, called Alfredo C. – he had a good multilevel pyramid marketing network, he… Read more »
Dave: there have been more firms of that ilk since like forever. The only problem they have is getting people in the room that are sufficiently wealthy and have little financial knowledge. Best would be doctors, vets and so on, basically upper middleclass, but anyone who can fork over a few K will do. If you can solve that problem, and are a very good speaker (and enough of a slimeball), this can make for a very lucrative carreer. There was a famous one who toured Germany/Swiss/Austria, called Alfredo C. – he had a good multilevel pyramid marketing network, he… Read more »
Opinions will always be polarized by educational services in my opinion. My experience is that some of these companies are large and follow a specific formula and some are very small and use the training as a means of promoting their software or indicators. OTA has established a very large network of training centers, mostly in the US where although not subject to NFA rulings, they would be exposed to consumer protection law suits if enough justifiable complaints were upheld. I would say that the majority of frustrations originate from those who are new to trading, and despite paying for… Read more »
Opinions will always be polarized by educational services in my opinion. My experience is that some of these companies are large and follow a specific formula and some are very small and use the training as a means of promoting their software or indicators. OTA has established a very large network of training centers, mostly in the US where although not subject to NFA rulings, they would be exposed to consumer protection law suits if enough justifiable complaints were upheld. I would say that the majority of frustrations originate from those who are new to trading, and despite paying for… Read more »
Track record = Pro Picks. ’nuff said!
Track record = Pro Picks. ’nuff said!
Andrew: do you really believe these firms can provide any kind of value to clients? I have yet to come across the slightest indication, let alone evidence, of that being the case. As they say, those who can, do, those who can’t, teach. At least in trading.
Andrew: do you really believe these firms can provide any kind of value to clients? I have yet to come across the slightest indication, let alone evidence, of that being the case. As they say, those who can, do, those who can’t, teach. At least in trading.
The problem with patenting their evaluation technique is that you would have to actually reveal the technique in detail, so that it can be patented. You cannot patent an ambiguous idea or suggestion. So yes, it would be very interesting indeed to see what exactly they will be patenting, as the market can only go in 2 directions at any given time. Jed McKenna (The Enlightenment Trilogy) talks about the old mystic joke “I sold water down by the river…… HA. HA. HA. HA. HA.” I’ve never seen so much mysticism in things that are pretty basic (like market price… Read more »
The problem with patenting their evaluation technique is that you would have to actually reveal the technique in detail, so that it can be patented. You cannot patent an ambiguous idea or suggestion. So yes, it would be very interesting indeed to see what exactly they will be patenting, as the market can only go in 2 directions at any given time. Jed McKenna (The Enlightenment Trilogy) talks about the old mystic joke “I sold water down by the river…… HA. HA. HA. HA. HA.” I’ve never seen so much mysticism in things that are pretty basic (like market price… Read more »
@Andy – I don’t have any affinity to any of the training firms, I have seen a few of them in action however and their methods vary, as does the benefit to their customer. As explained, opinions are often polarized on such matters.
@Andy – I don’t have any affinity to any of the training firms, I have seen a few of them in action however and their methods vary, as does the benefit to their customer. As explained, opinions are often polarized on such matters.