LONDON, June 8, 2015 /PRNewswire/ -- Inexperienced retail traders are more likely to become victims of online money making schemes that claim to teach the 'Holy Grail' forex trading system, according to Jarratt Davis, the UK's most reputable forex trader and educator.
Jarratt Davis is known as the creator of an innovative online forex education course and is ranked as the second best performing forex trader in the world by Barclay Currency Trading Index. He currently teaches thousands of retail traders how to improve their performance in the forex markets. The UK-based trader believes that many so-called 'educational courses' promise to deliver failsafe trading systems, when actually there is no perfect strategy.
"These courses exploit inexperienced traders who are both curious and eager to learn the facets of forex trading and profit off of them. I have seen these kinds of courses become more popular over the past five years. They lack the capacity to teach the skill-base necessary to establish a career in forex, they just focus on gimmicks and dangerous 'quick-win' strategies," explains Jarratt Davis.
"When traders begin to learn the skills of the forex trade, they tend to be extremely eager to make fast progress, as do most people when learning new things. However, this can lead to inexperienced retail traders joining many money-making scams.
"Novice traders are unfortunately at risk, because the forex education market is dominated by money-making scams which contain unreliable information. It really bothers me as an educator that the creators of these courses are making so much money from monthly subscriptions, when the truth is there is no 'Holy Grail' trading system.
"I had to experiment with a variety of trading methodologies that promised to deliver perfect results when I started my forex career. It takes persistence and hard work to become successful in forex, there is no 'Holy Grail' trading system."
Jarratt Davis released a free four hour video course to help retail traders become profitable. When traders begin their forex careers, he wants to teach them the common mistakes they are likely to make, along with how to rectify them.
There are three major concepts he judges to be vital to the future success: understanding fundamental analysis, risk management and trading psychology. The UK-based trader also discusses and explains these concepts during his video course.
Jarratt Davis has developed his own strategies for trading and outlines them in his free online educational video series. He has earned key positions at respected financial institutions with these techniques. 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.
"To truly fulfill their potential, traders must start to ingrain good habits as early as possible in their career. During my time of teaching, I have witnessed many novice retail traders develop bad habits.My free video series will help traders learn how to identify their bad habits and replace them with good ones," explains Jarratt Davis.
"I want my video to help traders acknowledge how important it is to manage their emotions and feelings when working in a live trading environment. The content within my video series will help traders remove emotion from their decision making process, as many traders will experience phases of anxiety about their own performance."
Jarratt Davis has had thousands register to receive his educational resources in the hope that they can push their trading to an institutional level.
"I feel so privileged to be in a position where I can share my expertise with so many aspiring traders. I think this is why forex is becoming a popular method for people looking to address their work to life balance. I know how a successful forex career can change lives for the better, from both my own experience and the stories of my students," adds Jarratt Davis.
"I hope to give novice traders the confidence to stick with forex trading for a substantial amount of time through my free four part educational video series. 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. From my video series, traders should be able to recognise that forex is a genuine career path."
Those who wish to subscribe to view the free educational video series should visit JarrattDavis.com before submitting their name and email address.