Novice Retail Traders in Danger of Online Money-Making Scams Warns Leading Forex Educator Jarratt Davis
LONDON, March 26, 2015 /PRNewswire/ -- Jarratt Davis, the UK's most reputable forex trader and educator, has warned that inexperienced retail traders are more likely to become victims of online money making schemes that claim to teach the 'Holy Grail' forex trading system.
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Jarratt Davis, ranked as the second best performing forex trader in the world by Barclay Currency Trading Index, is known as the creator of an innovative online forex education course. He currently teaches thousands of retail traders how to improve their performance in the forex markets. The UK-based trader claims that many so-called 'educational courses' promise to deliver failsafe trading systems, that actually don't exist.
"These courses make a profit by exploiting inexperienced traders, who are both curious and eager to learn the facets of forex trading. Over the past five years, I've seen these kinds of courses become more popular. They focus on gimmicks and dangerous 'quick-win' strategies, but lack the capacity to teach the skill-base necessary to establish a career in forex," explains Jarratt Davis.
"When people decide to learn a new skill, they tend to be extremely eager to make fast progress. This is no different for people starting in the forex trade, they are simply enthusiastic to learn. This can lead to inexperienced retail traders signing-up to a number of different educational courses.
"Unfortunately, because the forex education market is dominated by money-making scams which contain unreliable information, novice traders are at risk. The truth is there is no 'Holy Grail' trading system that these courses claim to offer. It really bothers me as an educator that the creators of these courses are making so much money from monthly subscriptions.
"When I started my forex career, I had to experiment with a variety trading methodologies that promised to deliver perfect results. I soon realised that there is no 'Holy Grail' trading system, and that it takes persistence and hard work to become successful in forex."
Jarratt Davis has helped retail traders become profitable by releasing a free four-hour online video series. In this video series, he highlights the common mistakes novice traders are likely to make when they begin their forex trading careers.
The UK-based trader also discusses the three major concepts he judges to be vital to the future success of any forex trader within the video series. These are: understanding fundamental analysis, risk management and trading psychology.
The free online educational video series outlines strategies that Jarratt Davis has developed during his years of trading. With these techniques, he has earned key positions at respected financial institutions. This includes his current post as head of forex at a global investment firm. Jarratt Davis has beaten the stock market annually since 2008 with these strategies.
"Traders don't just become successful overnight. To truly fulfill their potential, traders must start to ingrain good habits as early as possible in their career. I've witnessed many novice retail traders develop bad habits during my time of teaching. I want traders to learn how to identify their bad habits and replace them with good ones. Hopefully, my free video series helps traders achieve this," explains Jarratt Davis.
"It's incredibly important that traders manage their emotions and feeling when working in a live trading environment. I hope that my video series will help traders acknowledge this. Many traders will also experience phases of anxiety and doubt about their own performance. The content within my video series will help traders remove emotion from their decision making process."
To date, thousands have registered to receive Jarratt Davis' educational resources in the hope that they can push their trading to an institutional level.
"I'm incredibly fortunate to be in a position where I can share my expertise with so many aspiring traders, it really is a privilege. I know how a successful forex career can change lives for the better, from both my own experience and the stories of my students. I think this is why forex is becoming a popular method for people looking to address their work to life balance," adds Jarratt Davis.
"Through my free four part educational video series, I hope to give novice traders the confidence to stick with forex trading for a substantial amount of time. By doing this, traders should be able to recognise that forex is a genuine career path. I know how hard trading can be in the early days, but by sticking with a reputable education course, traders can rest assured that their hard work will pay off in the long-term."
Those who wish to subscribe to view the free educational video series should visit JarrattDavis.com before submitting their name and email address.
SOURCE JarrattDavis.com
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