Monday, 8 March 2010

New centre teaches online trading

California-based Online Trading Academy (OTA) - a worldwide network of financial education centres that focuses on teaching the art of trading - has opened a new campus in Singapore.

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Guanyu said...

New centre teaches online trading

By ZEINAB YUSUF SAIWALLA
08 March 2010

California-based Online Trading Academy (OTA) - a worldwide network of financial education centres that focuses on teaching the art of trading - has opened a new campus in Singapore.

The academy first set up shop here in 2007 but was re-franchised to private company Sage Financial late last year.

To mark the opening of the new centre, free power-training workshops will be hosted by OTA’s chief knowledge officer John O’Donnell.

The free workshops are aimed at ‘showing how investors and traders can prosper as the global economy evolves to the new normal,’ he said.

OTA classes aim to give students ‘hands-on’ trading experience. Lessons will cover topics such as short-term trading, swing trading, position trading and stock investment theory.

According to the franchise owner in Singapore, Low Wei Wah, who is also general manager of Sage Financial, students are provided with ‘live accounts’ to practise trading and can have their tuition fees, which start from $6,990, fully reimbursed when they trade with affiliated brokers and traders.

The process works when students sign up for a trading account with an affiliated partner and are given discounts on stock purchases.

The more stocks an individual buys at the discounted price, the more savings that will eventually be equivalent to the tuition fees.

Students who sign up for classes with OTA will be allowed an unlimited retake of classes in any of 33 destinations, including London and Dubai, throughout their life time.