LONDON, May 1, 2015 /PRNewswire/ -- Jarratt Davis, renowned across the world for his work in forex education, has said that institutional level trading can be self-taught amongst novice retail traders.
Providing they have access to adequate online resources, the UK based trader believes that inexperienced traders do not need to receive one-on-one tuition to take their forex trading to a professional level. Jarratt Davis - who was ranked as the second best performing forex trader in the world by Barclay Currency Trading Index - teaches over 1,000 traders from across the world via his online educational course.
"Seven years ago, I was looking for a career that would allow to live a better life in terms of finances and time. Luckily, I stumbled upon forex. I soon discovered that trading the currency markets was a powerful way to make profits, providing it is done correctly. It presented opportunities that no other career could offer," explains Jarratt Davis.
"From my experience, most other novice retail traders decide to venture into forex for exactly the same reasons. They desire a more flexible lifestyle, along with complete financial freedom. Most of these people know that forex will not transform their life overnight, but they do recognise its potential."
Jarratt Davis started his forex career back in 2008 as a self-taught trader. Because of this, he has registered for a variety of online education courses, which taught him a myriad of technical and fundamental strategies developed for forex traders.
"There's a lot of information available online for aspiring traders to take in. This can be somewhat confusing for inexperienced traders, as much of the information is not necessarily helpful. As a result, some traders become overwhelmed and end their forex careers before they've even started. Success doesn't come instantly, it takes practice and patience. I went through a long period of trial and error before I discovered a strategy that worked for me," adds Jarratt Davis.
"In short, the first year of trading can be tough. It certainly was for me, my experience was full of ups and downs. The breakthrough came when I eventually realised that fundamental analysis was the key to trading successful in the currency markets. I also learnt that this is how the majority of institutional traders navigate the markets and make significant profits. This approach was so successful, that I began to attract the interest of the global investment funds."
To introduce retail traders to these fundamental principles, Jarratt Davis has launched a free four hour video series. The video series also places focus on the common mistakes that typically damage a trader's profitability. Many novice retail traders have used this video series as starting point for their forex careers.
Fundamental analysis, risk management and trading psychology are three of the major concepts covered in the four hour video series. It's especially useful for entry-level traders who wish to eliminate inconsistencies in their trading results and increase profitability.
"Trading is all about creating consistent and good habits. The goal of my free educational video course is to help inexperienced traders do that quickly," explains Jarratt Davis.
"The aim of my free educational video course is to help people identify and correct any trading habits they may have that are causing them to lose money," explains Jarratt Davis.
"Something which many novice traders struggle with is their emotions. In live trading environments, it can be difficult not to be influenced by disappointment when the market is moving against a desire position. Every trader experiences the same worries and anxieties. The successful traders are the ones who can remove emotion from their decision making process. My educational resources can help teach this skill and identify what traders need to focus on throughout a session."
Trading this way has allowed Jarratt Davis to beat the stock market every year since 2008 - the same year he started his forex career. This success has led to thousands of people from across the globe seeking the advice of the London-based fund manager.
The free four hour video series also highlights the dangers of forex money-making scams, that often require novice traders to part with huge sums of money in return for failsafe trading strategy. Jarratt Davis explains that no such strategy exists, and that success takes persistence.
Those who wish to subscribe to view the free educational video series should visit JarrattDavis.com, before submitting their name and email address.
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SOURCE Jarratt Davis