Forex trading is a lucrative way to make money online. The only bit of a problem is that without proper training, you will end up losing a significant amount of your capital.
Hence, it is better to always search for an honest forex trading course which can guide you through the learning process.
One of the trading platforms which have become quite famous in recent times is Day Trading Academy (DTA).
The training course portrays itself as a practical solution, but it is better to check the reviews before enrolling. We will today share with you our DTA review to help you understand whether it is worth opting for or not.
What is Day Trading Academy (DTA)?
Day Trading Academy (DTA) is different than any other forex training course. It is an open source platform which consists of tutorials and strategies from many different professionals.
The professionals trade in different time zones and the different strategies. The professionals are from all over the globe.
The main advantage of DTA is that you will have multiple options to choose from when it comes to strategies.
Moreover, it highlights the fact that trading in the forex markets is different in different time zones. That is why; you will be able to find the one which is suitable for your needs more efficiently.
DTA has an ongoing learning experience rather than just a one-time course. Since more and more strategies and example trades keep cropping up on the platform, it is a good idea to continue your membership.
The founder of DTA is Marcello Arrambide. He has an experience of more than two decades in forex trading and teaches various trading strategies for the past eight years. When it comes to the founder, the record is clean.
The founder also highlights some of his failed trades. Thus, you get a glimpse into the profitable as well as the loss-making trades. With the help of DTA, you will be able to see both the sides of the coin.
What does DTA have to offer?
The content inside DTA is much different as compared to any other forex training course. It does not sell you any indicators or bots signaling service. You will work directly with the traders to improve your trading skills.
You will learn through the experience of the traders to enhance your skills. The traders trade with real money rather than just counterfeit money. You can catch a glimpse of the actual trades.
The main concept of DTA is to articulate the real trades so that you can learn from it. With the help of professional traders, you can easily understand how to place the trades and how to scale up the profits.
Once you become a professional trader, you will also share your knowledge with other students to help them improve their trading skills.
A plethora of trading strategies:
The unique thing about DTA is that it consists of many professional traders who share their plans. Many of these strategies rely only on price movements.
When price movement and volume action triggers a trade, you don’t have to worry about any indicators. You can look at the charts, and you can initiate the trade.
With that, you can still follow the strategies and use indicators. You can learn about the signs in greater detail by looking into a suitable strategy.
Learning for beginners:
The training covers four different stages. Every stage helps you gain skills which are essential for the next one. We will go into the details of the steps below.
1. Beginner’s stage:
At the beginner’s stage, you do not need any prior skills or experience. The trainers who help you at the beginner’s stage are right at the basics. They mostly cover topics like keeping your emotions out of the trade and how to be a disciplined trader.
In this stage, however, there is no guarantee that you can get your feet wet in the world of forex trading. It is more to prepare you for the forex trading world rather than helping you initiate actual trades.
The total number of chapters in this stage is 19. It allows you to know more about the emotional intelligence which you need to trade. The beginner stage covers various topics like technical analysis.
2. Intermediate stage:
The next step is the intermediate stage. It will teach you regarding various risk reduction strategies. You will also know the ideal conditions to initiate a trade.
There will also be guidelines on when you should avoid trading. With the help of proper risk management, you can not only maximize your profit potential but also protect your capital.
3. Advanced stage:
After the intermediate step, comes the advanced stage. In this stage, you will try to decipher the market conditions and the triggers for the trade.
The advanced stage will also help you understand the movement of the market and the direction in which the currency pairs are moving in. The advanced stage will help you decipher between a false trade and a legitimate trade.
During this stage, you will not be trading with real money. The stage revolves around the feedback of the mentors.
Some of the things which you will learn about in this stage include:
• Setting the right dynamic targets
• Mastering some of the unconventional trading strategies
• Reading the markets
4. Pro stage:
In the Pro stage, you will deal with the market conditions and initiate the trades. The pro classes are for traders who are serious about investing their own money for forex trading.
The pro stage consists of the most successful traders of DTA. You will be able to learn from the very best.
Thus, the entire training consists of these four stages. At each of these stages, one or the other trader will guide you through the nitty-gritty.
What is the cost of DTA?
For the first year, DTA will set you back by $2000. From the second year, it will cost you $150 per month. The first year is a bit expensive, but once you learn the intricacies of forex trading, you can earn back your investment quickly.
Is DTA suitable for you?
DTA is a legitimate program. The only question is, for whom is DTA suitable. It is ideal for any individual who wants to become a professional Forex trader. It does not matter whether you’re entirely new to forex trading or whether you’re a seasoned trader.
There are however a couple of things which you should know about it. Check our section below before enrolling.
You need to keep in mind that DTA only accepts a limited number of students. DTA selects only the hand-picked students. The classes are live and are exclusive. The member’s area also consists of pre-recorded lessons. Thus, there is a lot to learn when you get chosen by DTA.
What should you know about DTA?
All, however, is not hunky-dory. There are a few red flags which you should know about DTA before signing up.
1. Fake review:
The founder has been caught in the past leaving fake positive reviews. That is why; you have to take the reviews with a pinch of salt.
2. Lack of success stories:
DTA claims that it has had hundreds of students in the last five years. The only bit of problem is that none of the success stories come along with the third-party verified track record.
It indicates that not all the students can make a significant amount of money. The testimonials also seem shady after the lack of success stories.
Another problem with the DTA is that it is costly as compared to other courses like Traders Academy club.
Thus, you have to take the pros and cons into account, and after that, you have to take an informed decision about DTA.
• Experienced founder
• Four different stages of training
• Live training sessions
• Mentoring by actual traders
• Tackles various aspects of forex trading
• Not all testimonials are accurate
• Lack of third-party verified success stories
Is Day Trading Academy A Scam: Conclusion
While DTA is not a scam but it indeed is a bit shady. If you think that just by signing up with DTA, you can make thousands of dollars like experienced traders, you’re wrong. You have to be cautious when it comes to DTA.
It is one such course which is confusing to rate. It is a good idea to go with the affordable options like Trading Academy Club rather than DTA. The reasons are the fake reviews and the lack of third-party certified trading track record.
Considering these two shortcomings, it is a good idea to go for the affordable alternatives. Would you like to know how I make a good living online? I do it through affiliate marketing alone. If you’re ready for an affiliate marketing platform that provides you with training and all the resources that you need to get started online, then I invite you to checkout Wealthy Affiliate today.