Too Many Retail Traders Exposed to Money-Making Scams Warns Leading Forex Educator Jarratt Davis
LONDON, Nov. 18, 2014 /PRNewswire/ -- Jarratt Davis, the UK's most reputable forex trader and educator, has issued a warning to all forex retail traders about online money-making scams that present themselves as educational courses.
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Ranked by Barclay Currency Trading Index as the second best performing forex trader in the world, Jarratt Davis is known for creating one of the most popular forex education courses in the world. However, he believes the forex education market is saturated with programmes and courses that promise to reveal a 'Holy Grail' trading system that simply does not exist.
According to the seasoned trader, these educational resources simply exist to make a profit and play upon the curiosity and excitement of those wanting to learn the foundations of forex. They don't teach the necessary skill-base required to forge a successful and profitable career in forex, and instead focus on gimmicks and dangerous 'quick-win' trading strategies.
"Embarking on a professional career is a very exciting time for the majority of people. I've seen many novice retail traders start their journey with real enthusiasm and willingness to absorb information, which often leads to them signing-up for a variety of online courses," explains Jarratt Davis.
"The trouble is that the forex education market is saturated with unreliable information and money-making scams, which can lead traders down the wrong path. I've seen many examples of these courses failing to deliver on their claims, while gathering huge monthly subscription fees from people eager to learn. It's something that really bothers me as an educator. There seems to be an ever-increasing amount of these courses gaining traction amongst the forex community, and traders need to be cautious.
"At the start of my forex career, I had to invest a large amount of time into experimenting with trading methodologies that promised to deliver perfect results. I soon realised that there was no 'Holy Grail' system, and that I would have to develop my own strategies."
Jarratt Davis is one of the world's leading forex educators. He is continuing to innovate in forex education after launching a free four hour online video series for retail traders. In these videos, he shares the key components of his trading methodology and identifies the common mistakes novice traders tend to make.
Specifically, Jarratt Davis introduces the three major concepts that he deems vital to profitable trading over the long-term: understanding fundamental analysis, risk management and trading psychology.
As an institutional trader with a proven track record and fund manager for a global investment firm, he believes the entry-level problems forex traders face can be rectified with simple shifts in methodology and thinking.
"Becoming a successful forex trader is dependant on daily habits. Throughout the years I've seen many novice traders work with bad habits, which ultimately causes them to lose money. The goal of my free educational video course is to help those people replace those bad habits with good ones," adds Jarratt Davis.
"Emotions and feelings also play a huge part in a trader's success. We all harbour the same ambitions and anxieties when it comes to trading. Rising above emotion and taking it out of the decision making process is a key ingredient to making substantial profits. My video course shows traders how to do this and objectively tune into the sentiment of the market."
The strategies shared within the free educational video course have been developed by Jarratt Davis over a number of years. As a result of these strategies, he has beaten the stock market every year since he began trading in 2008. This success has caused thousands of people to register for his educational resources.
"There's nothing quite like teaching people forex. The end benefits of making money through trading are life-changing. It brings a level of freedom that most people don't get to experience in their day-to-day lives," explains Jarratt Davis.
"My hope is that my free educational video course opens peoples' eyes to how a successful forex career can transform their lives for the better. My life has not been the same since I started to make consistent profits from my trading. I've travelled the world, regained control of my time and improved my health. It has opened doors that I once thought were impossible.
"I want to give these opportunities and this kind of lifestyle to other forex traders. By signing-up for my free educational video course, they get can get direct access and learn the techniques I use to generate substantial profits year-on-year. All they need to do is register their details on my website and they'll be on their way."
Those who wish to subscribe to view the free educational video series should visit JarrattDavis.com and submit their name and email address.
SOURCE JarrattDavis.com
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