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Sam Seiden Goes DOWN

  • #621
  • Jul 29, 2021 12:38am Jul 29, 2021 12:38am
Quoting SirOrigami
https://www.tradingschools.org/onlin...s-its-a-fraud/ The United States Federal Trade Commission has finally exploded the Online Trading Academy. On February 12, 2020, the FTC filed a massive 8000+ page lawsuit alleging that the Online Trading Academy ripped off thousands of consumers for a total of $370 million dollars, since at least 2014. However, the alleged fraud is likely much larger and probably closer to $670 million dollars. According...
As they say "Those who can, do; those who can't, teach." These so called trainers are nothing more than tapeworms trying to recover their losses.
  • #622
  • Aug 7, 2021 4:47am Aug 7, 2021 4:47am
Quoting ianf0ster
{quote} Obviously you didn't read my comments about it being OTA that was being prosecuted rather than Seiden himself.
So why have they frozen his asetts?
  • #623
  • Jan 16, 2022 11:43pm Jan 16, 2022 11:43pm
I know this is an old thread , but anyone considering the supply and demand strategy, it does work. I don't know what all the legality issues that Online Trading Academy faced which is now called Pinnacle Institute of trading & investing was , but the strategy does work and there is no need to buy the overpriced courses. Just watch plenty of youtube videos and start practicing, eventually you will have an eye for plotting levels . But all this takes quite some time, don't expect to "get it" in a few days.
  • #624
  • Jan 16, 2022 11:49pm Jan 16, 2022 11:49pm
Quoting cisco92111
I know this is an old thread , but anyone considering the supply and demand strategy, it does work. I don't know what all the legality issues that Online Trading Academy faced which is now called Pinnacle Institute of trading & investing was , but the strategy does work and there is no need to buy the overpriced courses. Just watch plenty of youtube videos and start practicing, eventually you will have an eye for plotting levels . But all this takes quite some time, don't expect to "get it" in a few days.
What do you think that is what matters most. If you have having success with it then go with it if you dont understand it and its not working for you do not use it but find out, Finding out and not using someones opinion is what going to work, Put in the work and really see, if its for you..
  • #625
  • Feb 20, 2022 10:24pm Feb 20, 2022 10:24pm
Anyone knows how to refund the money I paid for OTA? I took the professional forex trader course 6 years ago and I hope I can have a refund. I am currently in Canada.
  • #626
  • May 19, 2022 12:05am May 19, 2022 12:05am
Here Some proof for yall Boys Supply Demand Works LoL but always look at Market structure den look for Supply and Demand
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  • #627
  • May 19, 2022 12:13am May 19, 2022 12:13am
Ain't defending Not Shii but if Supply and Demand is BS can someone explain why LUNAUSD Drop so damn hard? oh look its a Supply Zone it Tapped into
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  • #628
  • Jul 4, 2022 10:31pm Jul 4, 2022 10:31pm
Quoting cisco92111
I know this is an old thread , but anyone considering the supply and demand strategy, it does work. I don't know what all the legality issues that Online Trading Academy faced which is now called Pinnacle Institute of trading & investing was , but the strategy does work and there is no need to buy the overpriced courses. Just watch plenty of youtube videos and start practicing, eventually you will have an eye for plotting levels . But all this takes quite some time, don't expect to "get it" in a few days.
If memory serves, Pinnacle is Sam's new thing and it has nothing to do with OTA. Also, I think Sam had left OTA long before the issues hit. Otherwise, he wouldn't have been allowed to start something new...he would have been banned by the SEC from ever working in the industry again. (I don't know him and did not attend OTA or his new one, just have followed the news about sup/dem.)

I agree and have proven that Supply Demand works, especially if you add a sentiment indicator to it...I posted my trades here on FF for 8 or 9 months showing it works consistently. And I don't mean I posted only trades that worked out. I posted the trades I took as soon as I could take a picture of the chart after entering each trade, provided my reasoning, and also posted follow up charts, and the win/loss results.

It's not for everyone and everyone needs to find one or two strategies that work for them and change them and make them work for their personality/trading style.

One thing that I really like about Sup/Dem is that it works the same for every time frame and every market so I don't need to figure out a new strategy or fix a current strategy when things aren't going well for others in the industry.
  • #629
  • Jul 4, 2022 10:33pm Jul 4, 2022 10:33pm
Quoting renminbi
{quote} As they say "Those who can, do; those who can't, teach." These so called trainers are nothing more than tapeworms trying to recover their losses.
95-99% of traders lose everything so there aren't many who can trade successfully for their entire careers.
  • #630
  • Jul 5, 2022 1:14pm Jul 5, 2022 1:14pm
Just closed this trade after taking the picture...used my supply/demand set up for entry and exit.

After using sup/dem for a few years...I think it works pretty well. Your mileage may vary.
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  • #631
  • Oct 16, 2022 10:10pm Oct 16, 2022 10:10pm
I think Sam paid a $158K fine for some innocuous transgression and resigned from OTA. OTA is alive and strong despite the wailing and whining of disgruntled students who likely went to class and never did the homework and then wondered why they couldn't understand the system. Eyal Shachar settled for several million but in all the case was a nuisance case and the plaintiffs were happy to settle because they really had no smoking gun on anything. I'm surprised Forex Factory allowed their site to be a forum for a nothing case. S&D works for me. I'm just one student but it lives up to the expectation I had but then .... I put in the time.
  • #632
  • Oct 16, 2022 10:33pm Oct 16, 2022 10:33pm
Quoting Blacky.Mata
I think Sam paid a $158K fine for some innocuous transgression and resigned from OTA. OTA is alive and strong despite the wailing and whining of disgruntled students who likely went to class and never did the homework and then wondered why they couldn't understand the system. Eyal Shachar settled for several million but in all the case was a nuisance case and the plaintiffs were happy to settle because they really had no smoking gun on anything. I'm surprised Forex Factory allowed their site to be a forum for a nothing case. S&D works for me. I'm...
Wow. You signed up on FF 3 years ago and this is your first and only post? Interesting.
Pride always comes before destruction.... -Proverbs 16:18
  • #633
  • Edited Feb 28, 2023 2:36am Feb 27, 2023 5:08am | Edited Feb 28, 2023 2:36am
hayseed,

2/27
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  • #634
  • Dec 17, 2024 9:26am Dec 17, 2024 9:26am
Quoting Expo33
{quote} Wow. You signed up on FF 3 years ago and this is your first and only post? Interesting.
Yeah, I use it to do business. Not to whine and complain. I still use S&D. Like today.
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  • #635
  • Feb 9, 2026 2:11pm Feb 9, 2026 2:11pm
We gave over 37 Grand to OTA. We learned the hard way. Yes, we were stupid, but my husband and I were desperate and just wanted to make money to pay toward his medical bills.

You know who got paid? The FTC got paid, as they slapped OTA on the wrist. O sure, the FTC gave us back 400 dollars. 1.081% Pennies to what they and their salesman got to keep.

But to all those who want you to think OTA is safe? As we have learned, there is always the proverbial cult followers of any group that will defend their gurus. We have told our story to many and yet there is always someone who defends them. The one who says "they didnt do their homework" is foolish since we attended each and every class they held. How much did you give them? Secondly, we didnt even know about the lawsuit to complain. We heard it by receiving the refund check. You dont know what you are talking about.


And what proves they do not have a reliable system? OTA Picks, formerly called Pro Picks. (part of the lawsuit agreement was they could no longer be called "Pro." They still use OTA Picks all through 2025, and they fail time and time again. Use the little grey cells; if the OTA Picks are the fruits of their system and they fail, why would you think they would work for you?
  • #636
  • May 6, 2026 11:39am May 6, 2026 11:39am
Quoting CashBox
{quote} 95-99% of traders lose everything so there aren't many who can trade successfully for their entire careers.
Hey, Are you still trading S&D strategy? If yes, give me some pointers on identifying potential high probability zones, I watched Sam's videos, and I saw that he was not marking every rally or drop as demand or supply. I am missing on it, What is a good high probability Demand and Supply zone for you?
  • #637
  • May 6, 2026 11:49am May 6, 2026 11:49am
Quoting ianf0ster
{quote} My own personal view having only followed Sam Sieden's videos and attended one OTA 'free' promotional course at their center in St Albans (UK). 1. He isn't a scammer, but like many exaggerates how successful student are. It was OTA rather than Sam himself who got into trouble for their profitability claims. 2. Any method of trading which ignores the business models of ALL the major market participant types (from Market Maker, 'Floor Trader, Momentum Prop desks, Swing Traders through to Stat Arb traders & Pension Funds) is incomplete and...
Hey Ian, I am have started to learn trading for some time now, I have come across the tings you mentioned like order flow, stop runs etc. They have become really popular now a days, almost everyone knows them, I want to know how should I approach them, what is the correct order of learning things. Is there a good platform or course which can at-least give me some correct knowledge and experience. Thank you.
  • #638
  • Edited 5:28am May 11, 2026 5:16am | Edited 5:28am
Hi @ZetsuOnFire.
I assume that when you say platforms, you mean trading platforms. - There are lots of very good ones, though as far a I'm aware there isn't one that is great for everything. Some like TradingView are very good for charting correlations between different markets, and for non-coders to be able to write their own indicators (using Pinescript in the case of TradingView), but the simplicity of Pinescript is also a limitation and TV has no real limit OrderBook or full Orderflow available.
NinjaTrader is a much more professional platform, is very user friendly but you may have to rely on 3rd party products plus it's a resource hog ( both CPU and Memory).
Personally I like Sierra Chart , although highly efficient it isn't user friendly and seems overly complicated - though not as good as TV for correlations, it's a lot better than Ninja for those.
  • #639
  • Last Post: May 11, 2026 5:46am May 11, 2026 5:46am
Hi @ZetsuOnFire.
As far as the correct order of learning things, or even which things to learn and incorporate into one's own trading, the problem is that every trader is different with different skills, interests and ways of learning. Most courses teach specific 'systems' which may well works for a minority of their students, but certainly not for those whose skills, interests, resources don't align with what is being taught.

I have no financial interest in any courses or vendors and I don't have any affiliate links, but 3 organisations I have respect for are CompassFX (specifically 'Ray' for whom I run a free of charge help group for his full-course students), The MAX ( though it's best and most well known teacher died a few years ago) and Jigsaw.
Of these the only one that (eventually) teaches pretty much everything, is 'Ray' at Compass. It's because he teaches much more than one person can use at any particular time that I felt the need to support my fellow students from being overwhelmed (starting over 10 yrs ago).
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