At some point in your trading life, you have to decide if you want to be successful. If you want to become a better trader, the key step in that process is getting a mentor. Oscar Carboni provides a thorough futures trading and technical analysis training course and support system through the OMNI Trading Academy and livewithoscar.com.
Oscar Carboni, a futures and commodities trader with over 30 years trading experience operates a trading website, Live with Oscar (www.livewithoscar.com) and a futures trading and market analysis seminar, OMNI Trading Academy. In the course of his career, Oscar has developed a market indicator, the OMNI, which he uses on a short-term basis to determine possible market direction. In his trading room and on his site, Oscar uses the OMNI to provide insight in trading the futures market. In the OMNI Trading Academy, traders take a personalized course with Oscar to learn, market analysis and trading methods. I will describe each component below so you can decide for yourself if either of these services fit your needs.
Livewithoscar.com has two trading rooms within the site, one free room for all participants and a second room for alumni of the OMNI Trading Academy. The free room is the most active, with Oscar providing insight and opinion throughout the day. The alumni room is only used for private discussion among alumni, since the material learned in the Academy is proprietary. Each day, Oscar publishes his OMNI for various markets he may be interested in trading. If you upgrade your membership from free to paid, then you receive alerts on entries and exits for trades that Oscar takes via the website using a flash utility.
The OMNI Trading Academy is a four-day intensive course held in Las Vegas for four to six students about two to three times per year. During the seminar, Oscar interviews each student, covers his personal history, market history, market analysis and trading. Market analysis includes determination of the OMNI for any market or stock of interest, OMNI levels for trading (including buy/sell, stop and profit targets), and technical analysis formations. The training concludes with specific recommendations for each student, on how they should trade a market and how they should create a trading plan.
I met Oscar through mutual friends many years ago, and I recently had the opportunity to join livewithoscar.com and attend the OMNI Trading Academy. I have never been more pleased with my experience at the seminar. We spent a very intense four-day period learning not only about the market and Oscar but also ourselves. Out of that session, we learned to develop a trading plan, complete with direction, buy and sell points, stops and profit targets. Safety is always the top priority – Set Your Stops First!
For those traders who need a mentor and support to get started, for those who want to learn from an experienced pit and electronic trader, I highly recommend Live with Oscar and the OMNI Trading Academy.