LONDON, April 16, 2015 /PRNewswire/ -- Jarratt Davis, the UK's most reputable forex trader and educator, is warning novice retail traders that they are the most likely to be exposed to online money-making scams, which currently saturate the forex education market.
Known as the creator of one of the most popular forex education courses in the world and ranked as the second best performing forex trader in the world by Barclay Currency Trading Index, Jarratt Davis has witnessed a boom in online courses promising to reveal the perfect trading system to make consistent profits from the currency markets.
However, he maintains that these courses lack the ability to teach the basic skill-sets needed to establish a sustainable career in forex. Sadly, these courses are far more concerned with making profit from novice traders. Instead, they focus their teaching on gimmicks and dangerous 'quick-win' trading strategies.
"When entering a new profession, people are keen to learn new skills and improve their learning to get ahead of the game. Many novice traders start with a strong willingness to learn, which is very exciting. It is this enthusiasm and excitement which often leads to them signing-up for a variety of online courses," explains Jarratt Davis.
As a recognised innovator in education within the forex industry, Jarratt Davis has spent many years learning from his own mistakes and moving through his own trials and triumphs. One of the most important lessons he learnt during this time is that there is no 'Holy Grail' trading system, no one size fits all solution, and no quick fix to make instant and consistent profits. This is the exact opposite of what is promised by most online educational courses.
"All these money-making scams promising to deliver the 'Holy Grail' trading systems are grossly unfair. They simply deliver unreliable information and bad habits. The fact that the creators of these courses then charge monthly subscriptions adds insult to injury, and really bothers me as an educator and a professional," explains Jarratt Davis.
"I have spent many years and large amounts of time experimenting with trading tools and methodologies. They all promised to deliver perfect results, but it didn't take me long to realise that this was simply not the case. Learning from my own mistakes, and the mistakes made by others, allowed me to develop my own strategies and put together techniques that really worked."
In order to buck the trend of mis-sold educational courses that fail to deliver, Jarratt Davis recently released a free four-hour online video series to help retail traders become profitable. The topics explored within these videos include the key components of his trading methodology, along with the common mistakes novice traders are likely to make in their early years of trading.
Since 2008 Jarratt Davis has beat the stock market annually, this coupled with his trading techniques have earned him positions at respected financial institutions, including his current post as head of forex at a global investment firm. It is these techniques and strategies that are outlined in the free educational video series.
"The goal of the video series is to help traders learn from my years of experience and build their own good habits for a sustainable career in forex. Becoming a successful trader doesn't happen overnight. You need to spend time and effort developing good habits into your workday routine. In my time as an educator, I've had to help many students overcome bad habits to improve their forex careers," adds Jarratt Davis.
The free video course doesn't just look at the technical skill needed to be a success, but also the psychological characteristics.
"In forex, sometimes you have to remove emotion from decision making. You have to remember that any success or failure will have feelings attached, but it is your ability to manage these emotions that can determine how successful you are. My video offers practical advice on how to address doubt and anxiety, so that they do not impact on trading performance," explains Jarratt Davis.
The educational resources offered by Jarratt Davis are used by thousands of traders worldwide, all of whom are hoping to push their trading to the next level. The free educational video series is gaining much acclaim from a growing community of novice retail traders from across the world.
"Not many people are lucky enough to be in the position to share their expertise with so many aspiring traders. It is great to see more and more people embracing the potential of forex and the improvements it can bring to everyday life," adds Jarratt Davis.
Those who wish to subscribe to view the free educational video series should visit JarrattDavis.com and submit their name and email address.