The Federal Trade Commission has sued the California-based investment training scheme Online Trading Academy (OTA), led by Eyal Shachar. The FTC alleges that OTA uses false or unfounded earnings claims to sell “training programs” costing as much as $50,000. With some apprenticeships, skills earned will be funded by the company the worker is apprenticed with. This would make the cost of the trade free and workers will gain skills in the trade while they study. Depending on one’s inclination and proclivities, training in a trade certainly makes sense financially. Instead, begin with trading small position sizes, then slowly work your way up to buying more shares, on average, each trade. 10. Follow Warren Buffett’s advice, buy and hold the market. For the majority, online trading (especially day trading) will not outperform simply buying the entire market, such as the S&P 500, and holding it for many years.