Sam Seiden Goes DOWN

But if OTA got busted. How come the site is still opened and they are still offering their products?
Just asking.
https://www.tradingacademy.com/

Well... that's funny since supply & demand actually does work

November -2018


History is repeating...Sam Seiden posted on tweeter yesterday (12h ago); I am really eager to see what is going on this time...

May -2020

Absolutely. It worked, It works, always will work...Losers will deny it, look for order flow, liquidity, new indicators, claim that market is random...new patterns...and so on.

Holy cow. Sam did well.
6 years later and people followed this garbage until now.

Guess he had it coming lol

Sam's Today's webinar

So he basically out of the academy and is going to open something new of his own?

Well I use supply and demand + support and resistance in my trading and it works for me.

In the article it seems like he was managing a binary options office

It will be interesting to see if there are harsh penalties if this FTC case succeeds.

In the meantime, they are back teaching again to make a living. They cant do it trading, so they teach. Simple as that.

They would do well to adhere to FTC rules in doing so and not repeat the deceptive, high pressure sales tactics, outrageous course fees, and intimidation bully tactics employed at the cult of OTA. They made the Time Share industry look like saints.

In another example of the ineptitude of the mods, this thread has been moved to "Commercial Content". If they didn't want the robust discussion to continue, they might as well have relegated the thread to the trash heap. WTF?

Might be ineptitude of the mods, might also be due to a discussion of a commercial product with direct links to..the commercial product. Post 561
Whether the product is available or not is neither here nor there.
Perhaps start a discussion on the material but stop or prevent references and links to Sam Seiden.
That should keep it in the right forum...possibly

FF employees are very biased....Is it revoking membership or classifying breach of conduct or in this case moving to commercial content...

There are bunch of people advertising their service in their profile...and they are not commercial members....

Until you realise the area underneath or above of said zones, where you have your stop loss, is where you actually want to enter.

Yes, we know. We've been stopping and reversing there as needed for a long time. aka a very powerful break out trade thanks to supply/demand. My average return on a stop and reverse using supply/demand is 1 - 11x what i lost. It's great to be human and make mistakes...and still make money trading.
https://www.forexfactory.com/showthread.php?t=958722

Now that this tread is in the Commercial area, I can make comments.

@99problems is confusing the underlying techniques and methods that OTA taught with the ways they used to promote their training.
It's ONLY the way they promoted their education that has caused the fine and the criticism from the authorities!

So the people who followed Supply & Demand probably had mixed results. Just as with any other course - some are complete failures at it and some find it so easy they can't understand why others find it hard.

S&D is valid! - It is only common sense that when (and where) there is more supply prices will drop just as when (and where) there is more demand prices will rise.
Anybody who can't understand that simple fact can't trade and shouldn't ever attempt to do so!

But S&D is only one small part of the overall picture, which is the reason that I say when and where - not just when or where.

Put yourself in the shoes of a potential Buyer in a traded market:
1. Let's say that you need to Buy to hedge another trade in a different market. Are you as price sensitive as somebody who doesn't have to hedge? - Or do you mainly care about getting the trade size you need.

2. You are wanting to Buy and price is dropping and lets say that the market is extremely liquid, so that getting the size you want is not a problem. Do you Buy immediately? Or do you wait for price to drop further and give you an even better price?

3. You are a trader for an institution looking towards the big macro moves. Do you pay much attention to smaller economic news events, or do you just concentrate on the big ones like Employment Reports, GDP, Interest Rate changes and QE/Money supply? Do you focus on single reports, or more on the trend of the news i.e Increasing Unemployment, Falling GDP, Interest rates approaching rock bottom etc.?

I have 3 threads you can read and post in:
Institutional Equivalent Education?
Q&A ask me anything about trading
Why Retail Traders DESERVE TO LOSE Money

Complete disclosure:
1. I am a student (for the last 6 yrs) of one training educator whose courses I recommend. I'm also an ex-student of another set of courses which I also recommend to those who are more interested in indicator based systems than learning WHY the markets move the way they do.

2. I'm the co-founder and currently the sole admin for a trading student support group for those who do a full course from my favourite educator. This group was set up so that the knowledge will not be lost when the educator finally decides it isn't worth subsidising his training retail traders hobby any more.

3.Despite being classified as a 'Commercial Member' I have never been paid by any education company, nor by the Brokers I have occasionally suggested to members. I am retired with 3 pensions and all my income comes from those plus my personal trading/investing accounts.

Quoting YYZ

Disliked

{quote} Crap post. Why are you still student on so many courses?...as I already said: crap post.

Ignored

So many courses? I only mentioned the last 2 I have done since 2014 (the ones that work for me), though in the case of The MAX only in demo or back-testing since I no longer have confidence in trading indicators blind.
I didn't mention how many courses I have done and how much expense incurred and garbage I had to go through before I found what i was looking for!
I stopped keeping track once it went over 18 courses (including .pdf's and systems here in the ordinary section of FF) and over £30K .

But what has the number of courses or how long I have been a student of the markets (on and off since 1973) got to do with the quality of the post?
Was @YYZ born knowing everything - so that no education or courses were ever needed?
Does @YYZ have any specific criticism of what I wrote about how Supply & Demand is just a small portion of a workable trading method?

whats your style of trading?

If you don't understand something that is your problem. you have to spend your own time to learn.

I have answered this many times, and this will be the last one. Before you answer me back I hope you read this post to the end...
I have already spent the time, and I already realized it is not worth it!

I am not saying the whole concept or the idea behind S&D is wrong. There is definetely some appealing ideas about "zones" where price stops and makes a strong move to a certain direction... BUT Even "Gurus" in FF that teach this concepts get the WRONG zones, and of course they have many explanations for this... but they have no way to prove what they are saying is correct.
Specially if you ask them to upload a TE. Many excuses.

All I was saying is that there is no need to label things. Because this will lead to methodologies and strategies with fixed SL and fixed TP that are absolutely irrational. Thinking you can spot a "precise" price level and trade perfectly with SL believing it won't go against you beyond that price.. that is just nonsense..
If this is doable, then absolutely everyone would be doing it... making 20% a month.. don't you think??

Now I do use "zones" or "levels" to trade... In fact many of this would be labelled S&D by many... But I like to call them Tomatoes & Potatoes...

The difference?? I don't use SL.. And my risk is not calculated in % according to an SL... but according to a certain % of my Capital depending on how many pips a pair moves...

You probably read in here I ask many times for a TE. And that's also because I had one uploaded.. I changed my broker 2 weeks ago, to an Australian Broker.. I will upload my TE again in a few months. I have no problem with it.

Now.. don't expect this to be 20% a month... I am a realistic person .. Just think what you can get with Treasury bonds from US in 1 year...

Cheers

Take a look at my post above.