DAY TRADING ACADEMY (DTA): A REGRETTABLE TRADING COURSE

A course on how to do day trading with a strategy that is as simple as it is ineffective.
day trading academy (DTA)
This trading course doesn't appear to be available right now, as the school's website has been inactive for some time and no updated information can be found. If you're looking for a reliable option to learn, I recommend visiting our section on the best trading courses.

What is Day Trading Academy?

Day Trading Academy is Marcello Arrambide 's trading school , a school that has the honor of offering one of the worst trading courses I have ever had the opportunity to analyze.

Like other trading schools, this academy is characterized by its aggressive marketing campaigns, and clearly, by the hype surrounding them. Let's analyze Day Trading Academy, evaluating both its teaching strategies and the marketing tactics it employs.


Day Trading Academy reviews:

…I can only tell you not to throw your money away paying for one of these courses, it's not high quality, it's really not worth it, the only good thing I can highlight about this academy is the good MARKETING they do for their courses.

Kathy

Is it possible to make money in the stock market with the course offered by Day Trading Academy (DTA)?

3.7Expert score
AGGRESSIVE SCALPING WITH KELTNER CHANNELS

A course for those who enjoy day trading, but more specifically scalping as a trading method

Course Price
4
Community (Online/Offline)
7
Course Stages and Duration
4
Real-Time Trading Room
5
Trading Plan Customization
3
Pros
  • A simple strategy with clear rules
  • The community of traders
Cons
  • Overpriced courses based on what is offered, even with the discounts provided
  • Volume analysis is not part of the strategy, which in my eyes makes it less serious
  • Too many indicators are used
  • Strategy prone to falling into emotional trading
  • A trading system that doesn't suit the vast majority of traders

Day Trading Academy (DTA) – TRAINING PLAN and Strategy:

Through a series of videos and live classes, the school proposes you scalp with Futures by combining a tick chart and 3 indicators:

  • an EMA to assess momentum
  • Keltner channels for searching for inputs and outputs (inputs are made in the middle band of the channel, while outputs are searched for in the upper/lower bands of the same)
  • A MACD that works in conjunction with Bollinger Bands to confirm the market trend before we enter.

And while it's often said in trading schools that entries and exits aren't based on the indicators used, the truth is that the overuse of these indicators suggests there's little place in trading for price action-. You can see for yourself if you like; the complete strategy is on YouTube. Nobody seems to care, because nobody takes it seriously.

Eventually you may find that the strategy has been updated with some variations, but essentially, what is taught in school is what I'm telling you here.

I've even seen videos where the use of volume has been included, trying to somehow compensate for the gaps that this strategy presents, but it's not the most common approach.

Day trading academy

Without volume, there is no trading

I must confess that Day Trading Academy offers a trading style that isn't my favorite. I feel much more comfortable looking at volume (which isn't generally used here), accumulation/distribution zones , and looking for breakouts and retests, but this is just a minor detail. My dislike for the system doesn't mean it doesn't work (nor am I saying it does).

Although, to be honest, I find it very difficult to imagine a professional trader using Keltner channels and a MACD to trade.

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The community of die-hard fans

One thing that is appreciated is the large community of traders (students) that you can be part of, as well as the possibility of doing live trading with a teacher, although these teachers are not real traders and only live off the courses they teach.

Unfortunately, many DTA students fall in love very easily with what they have learned at this academy.

In fact, they almost seem like a religion because of the blind faith people place in their methods. It's clear that those who have never traded before are easy prey for self-proclaimed trading 'gurus'.

Faith, however, only lasts until the faithful notice that the promised results do not arrive (and never will), it is then that they look for answers in other trading systems and definitively abandon religion.

Investing in the stock market or the art of selling a trading course?

The academy's website is riddled with aspirational phrases, while they also heavily exploit social media to tap into our deepest desires for a better life (here's an example of what I mean). The video about 'the day-to-day life of a professional trader' is frankly a joke.

Traveling the world, trading from a hotel, or ladies in swimsuits serving Champagne. DTA doesn't skimp on details, and it gives you that famous 'financial freedom' we all dream of.

This 'freedom' comes to us in every article, in every photo, or in every video that the school shares on social media, always from some exotic beach, or luxury hotel.

Selling trading courses without actually trading

Day Trading Academy 's formula for selling its stock market courses is well-known: a simple trading strategy that everyone can learn in a short time, exotic locations, and fleeting success stories.

Interviewing people who know little to nothing about stock market investing and then putting together a video as soon as they have even the slightest winning streak seems to be the most effective way to sell a trading course. And of course, they'll endlessly allude to the lifestyle of DTA traders: travel, women, free time, and luxury.

Of course, they'll never tell you about the large percentage of students who have lost money with the DTA system; you don't want to know about that.

Clickbait and end-of-the-world marketing

Lately, videos of women in bikinis have been replaced by pre-market videos, the latter being just as unproductive, but at least politically correct and aligned with a certain gender perspective. Or do you think nobody sees those levels marked in the pre-market? (MDC Trading Academy offers the same thing; you can imagine how useful these analyses are).

Weekly market analyses won't be of much use to you when it comes to trading (this isn't fundamental analysis even though they try to sell it to you that way).

What you'll find in these reviews are videos of Marcello Arrambide (founder of DTA) reading the headlines of various news stories and giving his opinion on them (something your hairdresser might do while drying your hair). The clickbait borders on the ridiculous. It seems there's more interest in growing the YouTube channel than in improving the product offered.

Nothing Marcello says in these videos will help you understand how the market works, much less become a trader.

DTA videos
Marcello Arrambide DTA

Despite everything, these weekly videos are the least of my concerns about the school's marketing; you just need to know that this isn't fundamental analysis and there's nothing in these videos that's useful when it comes to trading.

Let's be clear, it's not very helpful to be told that a support level has formed in the pre-market, and that the price's possible reaction to that support could be 'rejection, a breakout, or a false breakout' (if they told you the price could go up or down, it would be the same thing). Again, they're selling you the American dream (before with trips and women, now with technical jargon that a novice can't understand, but which seems to have some use).

It's really embarrassing that they promote themselves this way.

The trading of snake oil salesmen

There's no shortage of videos where Marcello talks about the scams behind the trades and how much his traders actually earn. He'll tell you he knows traders who have made money every single day for two or three months straight, or that the minimum you can expect to earn when starting with the DTA strategy is around $250 a month with an account of just $1,000.

He will never blush to suggest that going from earning $250 a month to earning $500,000 a month is just a small step, since he himself knows traders who earn that amount (what Marcello doesn't say is that none of those traders operate with the DTA strategy).

Day Trading Academy 's sales pitch is familiar: first, they'll tell you that trading isn't easy, that it requires time and sacrifice, and that you should be wary of online charlatans promising guaranteed profits . Immediately afterward, without you even noticing the contradiction, they'll sell you a dream of wealth easily attainable with just a few clicks through a trading strategy that even a child could understand.

The prevailing message is the latter: with DTA you can easily make a lot of money, the snake oil salesmen are the others.

Don't be fooled, Marcello 's speech is ridiculous from every angle.

When the trader is not trading

When Marcello Arrambide uploads a video full of luxury and glamour from the Maldives, what he seeks to suggest is that he has achieved this through his trading, and that, therefore, you can achieve it too.

But let me make this clear, Marcello pays for his by selling trading courses for $3,000 each, and not by trading with a scalping strategy that, as I told you before, can be found on YouTube and no respectable trader is interested in putting into practice anymore.

Free DTA trading strategy on YouTube
Day Trading Academy strategy free on YouTube

In fact, Marcello doesn't do day trading (he says he doesn't have time for day trading in one of his videos, thus avoiding showing results), and the reasons and excuses that Marcello Arrambide gives to justify this are of little importance.

If the trading system used were as profitable as the school claims, Marcello surely wouldn't have abandoned trading to dedicate himself to selling courses or being a YouTuber.

Let me be very clear about this, it's not wrong for Marcello to sell courses, what I don't like is that he sells something that he doesn't put into practice himself.

Would you trust someone who proposes a business in which he himself isn't investing? I wouldn't.

Anyone who tells you that trading will give you a stress-free life, where you'll work one or two hours a day from a tropical beach, is lying to you (especially at the beginning, when everything is harder).

DTA lifestyle trading
day trading academy

The truth is that trading is something that demands a lot of effort, tolerance for frustration, and a stomach of steel (especially when scalping).

It's rare to achieve all this by trading from the beach. Even more so if you enter the market armed only with a moving average and a MACD, as DTA.

Therefore, I ask you to do yourself a favor and not buy into artificial paradises. If you're just starting out in this world, watch the live sessions of a world-class trading champion like Ferran Font on YouTube; you'll see how big a difference there is compared to DTA's proposal. 

Look for Enrique Valdecantos ' book called 'The Wyckoff Method'  before subscribing to any stock market course, and when you have watched these videos and read Valdecantos ' book , come back here.

Don't fall for the marketing the institution uses to sell its courses. Anything you can incorporate into your training is helpful, but not everything that costs $3,000 is worth it.

Price of the course at Day Trading Academy (DTA):

All plans include a substantial availability discount. Depending on the package you choose, prices range from $1,500 to $5,000. However, the price may vary depending on the country from which you request the information. If you say you are from the USA, the course price may increase by $1,000 to $3,000. Perhaps, when subscribing, it would be more advantageous to say that you are from a small village in Sudan.


What do the students think?

✅ The best according to students

  • Structured and practical approach: Some students appreciate the course structure, which includes live sessions twice a week, assignments, and practical exercises that help develop a solid understanding of the market.
  • Developing analytical skills: The course emphasizes understanding price action, support and resistance analysis, and identifying market patterns, enabling students to develop analytical skills useful for trading.

⚠️ The worst, according to the students

  • Limited strategies in current markets: Some alumni mention that the strategies taught, such as the T1, V1, and V2 configurations, may not be effective in markets with low volatility or changing conditions, which limits their applicability.
  • Lack of transparency and questionable results: Concerns have been reported about the lack of transparency in the instructors' results and the actual effectiveness of the strategies taught, raising doubts about the legitimacy of the program.
  • Aggressive business approach: Some users point out that the academy prioritizes selling courses over effectively training traders, using aggressive or even deceptive marketing tactics.

Conclusions about the stock market course offered by Day Trading Academy:

Along with MDC Trading Academy, the trading course offered by DTA is one of the worst I have had the opportunity to evaluate (You can see the full list of analyzed trading courses here).

Ultimately (and simplifying a bit), they are just telling us to trade when: we enter the market on a pullback that reaches the middle band of the Keltner Channel (with its variations, this idea is not original nor the Holy Grail of trading).

The most remarkable thing about this poor trading strategy is that it is easy to package and sell (something that, as you can imagine, is only useful for schools).

A far cry from professional trading

You won't find anything here about Order Flow, Market/Volume Profile, how to trade Forex, how to hedge, or how to select stocks to build a portfolio. Nor will you find algorithmic trading or products for medium- to long-term trading.

It's a very inflexible and limited trading course. This is a big problem because, as I've mentioned before, not all traders are the same (whether due to personality, lifestyle, account size, risk aversion, etc.), so I believe a trading course should be flexible enough to adapt to the needs of different traders. DTA doesn't offer that possibility.

One of the worst trading schools?

My personal opinion? I think this academy and its marketing have done a lot of damage to the trading world. You'll never be profitable with DTA's approach; they'll just play on your hopes.

Marcello Arrambide 's former funding company , Speedup Trader , also didn't seem to offer a much better product than his trading academy . With almost 50% negative reviews on Trustpilot , it left much to be desired ( What is a funding company? ).

Having left this project, Marcello Arrambidenow promotes another funding company called Take Profit Trader. This company's CEO is a former student and professor of DTA who proclaims himself a master trader at Marcello's school.

Stories of personal triumph that don't move you

This is just another one of those supposed success stories about a former DTA student who wanted to enjoy his time with his family, and who, thanks to trading and Marcello, was finally able to see his dreams come true. It's truly a scam.

The truth is that this former student first worked as a teacher at DTA, although he claimed to be a professional trader.

I don't want to judge, but for a professional trader to prefer working for someone else instead of enjoying his time and family is frankly exceptional. How lucky Marcello Arrambide is to keep running into people like this. This person went from being a former student to a professor at DTA and then to CEO of a publicly funded trading company . Apparently, always with Marcello 's support .

Let me play devil's advocate this time and confess that I wouldn't be surprised if Marcello Arrambide owns a large part of this new funding company.

The eternal return of the same

This all smells like a rehash of SpeedUp Trader ( Marcello Arrambide 's former funding company ). It seems we'll be left wondering. Although, seeing how much Marcello promotes the company in every one of his videos, those doubts are dwindling.

But going back to the course offered by DTA, I honestly think that for the price they charge there are better options.

Alternatives to the DTA course

Specifically those where you work with volume, or pure price action, as is the case of the stock market course offered by the 2014 Trading Champion: Ferran Font.

To each their own

But it's not up to me to tell you which course is best for you; each trader will know what kind of strategy best suits their personality and lifestyle. Ultimately, if the DTA seems sensible to you, then don't hesitate and give it a try.


🛡️ Legal notice

This article is for informational purposes only and reflects personal opinions, user experiences shared on social media, and critical analysis of an educational product offered to the public. It is not intended to defame, spread misinformation, or damage the reputation of any person or company mentioned.

The images used in this article are illustrative, either public screenshots or images taken for critical analysis from freely accessible websites. Their use falls within the legitimate interest of informing and providing context.

We recommend that our readers research and compare various sources before making decisions related to financial products or services.

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133 Comments
Juan
7 years ago

Hey friend, I see that the section where you enter your name and email isn't visible when you type. Just a heads up 🙂

And I was looking for a review of Joaquin Vega, I hope you can do it because I find his methods amazing.

Thank you

Admin
7 years ago
Reply to  Juan

Hello Juan,

I don't quite understand what you mean. Could you explain it a little more, please?

Greetings

Admin
7 years ago
Reply to  Juan

Hello again,

Thanks so much for the information, I hadn't noticed! Regarding Joaquin Vega, I can only say that I'm not familiar with his method; I'll take a look at it.

Greetings

Bryan
7 years ago

Hi, what do you think of Antonio Martínez? He's from Chile. I've seen his YouTube channel and he seems pretty reliable, but you never know. On his website, tradingefectivo.com, he offers a basic course for $50 and an advanced one for $500. I look forward to your review. I just downloaded the book you recommended, Wyckoff, and I'll let you know what I think.

Admin
7 years ago
Reply to  Bryan

Hi Bryan,

I sent you a private email because I didn't notice the message came through the forum. I'm copying and pasting it here so other users can benefit from the answer.

I often receive emails from people asking for my opinion on courses I haven't reviewed, and while I'm generally familiar with these courses, I hadn't heard of the one you mentioned before. The website doesn't give me much insight into the system they might be using in the course, which would allow me to at least offer some guidance. Therefore, I must confess that I unfortunately can't help you with this. I'm sorry.

I recommend you read this article I recently posted on the site where I explain my understanding of trading and why: https://experienciatopstep.com/vida-de-trader/que-es-el-trading-que-curso-de-trading-hacer/

Once you've read that article, I recommend you call the academy and ask about their trading method (basically, you should ask what timeframe they operate on and how they decide when to enter the market. If they use any indicators or manage risks that your capital can't handle, rule them out)

Regarding Wyckoff's book, I hope you enjoy it as much as I did. You'll see that it's not a method that suits every trading style; I myself don't use Wyckoff-style analysis in my trades, but what he says is very sound, and many algorithms do operate based on those underlying principles. Let me know what you think.

Greetings

Fabricio
7 years ago

From a strategic point of view…did you test the DTA strategy to see if it works? I've been doing this for a few months now, and my focus is on day trading futures. I've already looked at the price and volume-oriented courses; they seem very interesting and have potential, but so far, I'm finding it difficult to harmonize everything into a system. I'd like to start trading with a more or less consistent strategy so I can continue learning about price and volume-based trading. I've tried to imitate the trading style you've posted on the blog, but with mixed results. I haven't been able to replicate it exactly yet; I can't quite pinpoint the entry point. My goal is to build my own trading system, but having some basics to work with always helps.

Admin
7 years ago
Reply to  Fabricio

Hello Fabricio,

I've tested the DTA strategy and it didn't work for me, but that doesn't mean it won't work for another trader (although I have my doubts, mainly because I understand trading with a philosophy diametrically opposed to what they preach). But don't despair, you're on the right track; the answer definitely lies in harmonizing everything into a coherent system.

On the other hand, if by 'imitating' you mean the trading style I share in my 'trading examples,' it's understandable that you're having trouble identifying entry points, since I determine them using the timeline and order flow. The truth is, it's difficult for me to explain everything I do when sharing my analyses, which is why I focus on price action (because even when I use the timeline and order flow, the structure is paramount), but you're definitely missing a piece of the puzzle.

With any luck, in a month or two I'll be able to show my strategy in a video (although I'm finding it quite difficult to get used to the editing tools, so I'm progressing rather slowly. From now on, I'm going to have more respect for YouTubers). In short, if I may offer some advice, I'd say focus on price action and eventually start looking at volume using an order map (and if you're up for it, add the tape)... but first, price action. (*Note: I'm talking about short timeframes... if you're looking at a timeframe longer than 15 or 30 minutes, absolutely do not stop monitoring the up/down volume.)

Greetings

Edwir Tibidor
7 years ago

Good night,

I have no prior knowledge but I want to learn. What steps could I take to delve into the subject? Is it better to pay for a good course to gain a faster and more precise understanding? I might be mistaken, but I think studying such a complex topic on my own could be very frustrating. If so, what courses would you recommend? I appreciate your response. Thank you very much.

Admin
7 years ago
Reply to  Edwir Tibidor

Hello Edwir,

Paying for a course definitely accelerates the learning process. Of course, you can learn on your own, but this requires time and consistency. I didn't have enough time when I started, and knowing that my consistency is usually subject to external factors, I decided to take a course (then I took another and another). But of course, you can learn on your own.

What this course will offer you, in addition to the trading system, is a structured approach to the topics you'll study. Unlike other careers or courses you might take, this field lends itself to many different perspectives. Okay, if you study architecture, you'll also encounter different schools of thought, but the fundamentals of architecture are the same for everyone. In trading, everyone has their own way of doing things, which makes finding information online complicated when you're starting out, since you don't really know which side to take. Paying for a course solves that problem, provided the course is reasonably reputable.

This brings me to the question of which course to recommend. Choosing a course is very personal and depends on both the type of assets you want to trade and your personality. Trading stocks is not the same as trading crude oil futures. Nor is it the same to sit in front of the computer for two or three hours, as I do, as it is to check your portfolio for ten minutes once a week. And it's definitely not the same to take a trade risking $200 if your account balance is $50,000 as it is to risk the same amount if your account balance is $1,500. I generally recommend the courses that receive the best ratings in my reviews; these are Ferran Font's (although this one is a bit advanced), Futures Trading, and Price and Volume Trading. However, you should talk to them before making any decisions, as whether these courses are right for you depends on what you're looking for. If you're just starting out, I suggest you begin by looking at Valdecantos' book 'The Wyckoff Method', then take a look at the free course offered by TendenciasFX (you'll find a link in my review of it). With this background knowledge, it will be easier for you to choose a course that suits your trading style.

Greetings

Juan
7 years ago

Hello, good afternoon.
What do you think of the courses taught by Oliver Vélez and Antonio Martinez?
Oliver is very popular in Medellín, Colombia, and holds events almost every month.
I've been researching him. He has a fairly simple strategy; he only uses three moving averages of 8, 20, and 200 periods, and some large candlesticks that he calls "elephant."
He focuses heavily on risk management.
I would appreciate your feedback.
Thank you very much.

Admin
7 years ago
Reply to  Juan

Hello Juan,

These courses you're referring to are for trading stocks, which aren't my favorite market since day trading stocks is usually quite expensive due to the commissions. With that in mind, I'll say that I'm not very fond of the strategy taught, nor of the cost of the intensive training offered (which is around $1300 for three days of seminars). In my opinion (and this is just my opinion... I should clarify because I've already had problems with some academies who, not liking my reviews, threatened to take me to court), the problem with these courses isn't that the strategy is simple, but rather that it only seems to work in trending markets, and even then, I'd venture to say that the win/loss ratio is no higher than 50%. With a 50% success rate, even a poor strategy can generate profit if risk management is correct. However, a fundamental issue comes into play here: the timeframe in which we will trade, our tolerance for frustration or loss, and the capital at stake. In a very short timeframe, we risk less but are more exposed to market noise and the triggering of our stop-loss orders. In a longer timeframe (daily, weekly, or even monthly), market noise will not affect us, but we must assume greater risks that a small account typically cannot withstand.

If trading were as simple as operating moving average crossovers and volume entry, a simple algorithm would be enough to make us rich, but the truth is, it's not. What I do appreciate about Oliver Velez's presentations is that the man is a showman; his talks are certainly entertaining and fun. You might even meet some very interesting people there, but I wouldn't pay more than $60 for one of those presentations, and I'd go with the intention of having fun rather than becoming a trader. Let's just say it's not bad as an introduction to trading, but I don't think you'll find what you're looking for with that system. There are books like 'The Wyckoff Method' that I recommend more than these kinds of presentations. And if you still have doubts, the best thing to do is test the system. Run some tests at https://es.tradingview.com and compile statistics; the answer you're looking for is in the numbers.

Greetings

Oma
7 years ago

Hello friends, I'm writing from Venezuela and I'm very interested in learning everything I need to know about trading. For some time now, I've been building up a good library and I follow traders who seem profitable and show real gains and losses, and of course, don't promise unrealistic paradises. At first, I was very interested in learning about futures, given Marcelo Arrambide's recommendations that it's a more regulated and "safe" market, but I'm also interested in your opinion about Club de Capitales. I've been following their publications for a few months now, I've taken their free courses, and they provide me with valuable information continuously and at no cost. But beyond that, their strategy seems simple and straightforward to me. They use Elliott and Fibonacci waves and a lot of price action, which gives me a good impression, but you are the experts, and that's why I'm asking for your opinion. Reading so many different types of traders over this time has led me to conclude that you don't get very far basing your strategy on numerous indicators and even robots; sometimes less is more. What can you tell me? Thanks in advance!

Admin
7 years ago
Reply to  Oma

Hello Omna,

The truth is, I don't know the traders you mentioned, and I can only answer based on my own experience. I haven't found much help with indicators. My recommendation is to only consider strategies that prioritize price action and volume. But, as with almost everything in life, things need to be tested. If any of the strategies you've come across appeal to you, test them diligently for two or three months; the numbers will speak for themselves.

Greetings

Eduardo
7 years ago

Thank you for investing your time and money in this, and for taking the time to write the reviews! They're very helpful! If possible, I'd love one on "super day trading.".

Admin
7 years ago
Reply to  Eduardo

Hello Eduardo,

I've heard good things about the course you mentioned, but unfortunately, I haven't taken it myself, and I don't know anyone close to me who has. Usually, when I talk about courses, I either have to have taken them myself or have a friend or fellow trader invite me to watch them and give me their opinion. This time, neither of those things happened. As soon as I have the opportunity to access the course personally and/or complete it, I'll gladly write the review you requested. Thanks for suggesting it.

Greetings

Carc
7 years ago

I took the course, and I feel like I wasted my money. It was a total scam because you can find the same prices on Google. One of the traders and I became friends over time, and he confessed that he didn't actually trade, that he only gave courses, which made me very disappointed

Franc
7 years ago

Hi, could you do a review of MDC Trading Academy? Thank you very much

Admin
7 years ago
Responding to  Franco

Hi Franco,

I haven't seen that course yet, but I understand it's very similar to DTA in terms of its strategy and mainly differs in how it tracks student progress. I'm sorry I can't be of more help this time.

Greetings

Rene Rodriguez
7 years ago
Responding to  Franco

Franco, MDC's strategy is somewhat similar to that of MDC; they are all former members of DTA, but MDC's strategy is much better.

Jose Martinez
7 years ago

Hello everyone, greetings from Venezuela! I've seen the DTA course, and it's really good. It's based entirely on price and understanding how the market moves. They also use indicators, but only as a guide to get started and as a way to complement the material. Anyone who wants to contact me about anything, feel free. Even if you're interested in learning, here's my email: jgmc226@gmail.com. Cheers!

Admin
7 years ago
Reply to  Jose Martinez

Hi Jose,

I appreciate your input; however, I must say that the school's use of three indicators doesn't seem to me to be just a 'guideline.' In any 'price action' book you read, you'll see that the strategy differs considerably from the method used by DTA (I recommend starting with 'Trading Price Action Trends' by Al Brooks -> https://www.amazon.es/Trading-Price-Action-Trends-Technical-ebook/dp/B0067PZ87C/ref=sr_1_4?s=digital-text&ie=UTF8&qid=1538814987&sr=1-4&keywords=al+brooks). But it's great that you want to help other traders.

Greetings

jjgjj
7 years ago

If it's a good option, DTA. I didn't have enough money for the course that started September 14th, but I'm doing everything I can for the other one that I think starts in January 2019. I was at an excellent open house. Can you reserve a spot for me? Thanks

Admin
7 years ago
Reply to  jjgjj

Hello,

Finish the course first, then tell us how it goes. An open house isn't enough to really judge how effective the strategy is. That's just my humble and honest opinion; I hope it doesn't offend anyone.

Greetings

Andres Fandiño
7 years ago

Hi everyone, I think one of the main attractions of this academy, and what draws many people to it, is the potential profitability. I'd like to understand how much is required to trade the way DTA offers. In my case, my initial capital is approximately $400 USD, and I want to know if this amount is enough for day trading or if I should limit myself to swing trading.

Admin
7 years ago

Hi Andres,

I think there are some concepts that need clarification. The profitability you're referring to is inherent to the futures markets, and the leverage you can access through them isn't something you learn in an academic setting. At most, academic institutions try to capitalize on the conditions offered by futures with strategies that may or may not be as effective.

Regarding the amount needed to trade, I must say that $400 is unfortunately very little (and I'm not even considering that with NinjaTrader Brokerage the minimum is $1000). Consider that the CL (to give an example) has a value of $10 per tick. If it moves 10 ticks against you, you'll have already lost $100 if you enter with just one contract. Where will you place your stop-loss then? Will you close the trade after losing 25% of your account? The margin of error is very small with $400. That's why I recommend starting with TopstepTrader or OneUp Trader. Another option is CFDs (Contracts for Difference)... with this instrument you can trade with $400 using the underlying assets on which the CFD is based.

Martin
7 years ago

I've seen Jose España's course (Master in Investments), and I'd like to study it, even though it costs around $700. I contacted them, and they said the course is still running. They don't do day trading; they focus more on swing trading using EPM, Volume, %WR, and they work more with options than stocks.
If anyone is interested, we could share the membership and enroll. I'm from Peru.

Anonymous
7 years ago

You forgot to mention that the price of the course will vary depending on your country of origin. If you say you're from the United States, the price will increase by more than a thousand dollars, potentially up to three thousand, even including the supposed discount that was supposed to end in August but is still valid.
If it's a reputable academy, as they call themselves, they should improve their prices. I also think they should be fair to everyone and offer the same price instead of such exorbitant costs.
I don't know if it's worth buying such an expensive course, but most people who might be interested won't be able to afford those high prices, and it's not even guaranteed that they'll recoup their investment quickly if they take the course.

Admin
7 years ago
Reply to  Anonymous

Hello,

Your contribution is very interesting; I didn't know that prices varied depending on the country. I'll update the information with the data you provided as soon as I can.

Thank you so much.

Carlos
7 years ago

Good evening. I have a question. What course do you recommend for beginners in trading?.

Admin
7 years ago
Reply to  Carlos

Hi Carlos,

This question is difficult to answer because it largely depends on the type of trader you aspire to be, which in turn depends on your lifestyle. Trading stocks to check your portfolio only once a week is very different from day trading, where you spend every day analyzing charts and strategies. If this is your first foray into trading, I recommend starting with 'The Wyckoff Method: Keys to Understanding the Fundamentals of Trading' by E. Valdecantos. This will provide you with the necessary context. Afterward, you can continue with Vicens Castellano's videos on YouTube or the free FX Trends course (also on YouTube)

But I don't want to leave you without a concrete answer, so once you've decided what type of trader you want to be, you can ask for information on 'Price and Volume' or 'Futures Trading'; these are two of the schools that inspire the most respect in me… if you're looking to trade stocks, 'Price and Volume' might even be better, but that will depend on you.

Greetings

Rene Rodriguez
7 years ago
Reply to  Carlos

Carlos, you can look up the Golden Wolf Trading Academy; it's highly recommended, and they teach you to trade very easily. Plus, the support is very personalized.

Angelo
7 years ago
Reply to  Rene Rodriguez

Golden Wolf is just as bad as DTA; in fact, they are former students of that academy. I imagine that the one recommending it is one of the creators looking for clients.

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