FX FX TRADERS
Jarratt Davis has been trading professionally since 2008 and trades for his clients via a London-based company, authorised and regulated to manage client’s investments through the FCA in the UK.
In this exclusive interview, he sheds some light on how the industry works at an institutional level and how retail traders can ultimately trade in a similar way.
He believes that retail traders should focus more on fundamental analysis and learn how to trade fundamentals, which is a trading method that his hardly ever taught in Forex training courses.
FXTM: How did you get into the world of currency trading?
JD: I discovered Forex completely by chance aſter searching for a currency conversion website ahead of a trip I was planning. I saw an advert about trading online and decided to take a look.
Aſter a couple of years of testing, I finally began to understand how the markets move and how to profit from them. My goal was to trade other people’s money and leverage my abilities.
I did not have any kind of formal training in banking or economics and never held any type of related employment. I am completely self- taught and began as a retail trader.
FXTM: Why do you trade for clients?
JD: When I started out I didn’t have a substantial amount of money with
28 FX TRADER MAGAZINE January - March 2014
JD: Definitely! It can be difficult at first from a psychological perspective because you’re responsible for other
which to trade, as I was fairly young. I needed a way of leveraging my skills of trading without being distracted.
Trading for clients seemed like the obvious choice for me and the hardest part was building up a track record on fairly small accounts, while convincing my very first investors to place their trust in me.
Aſter a couple of years I had my verified performance
and finding clients
became much easier. Over time my minimums went up and I am now one of the only FX traders offering managed accounts through a fully FCA regulated company in London.
FXTM: Would you recommend this route for retail traders reading this?
JD: One thing that I remember from the early days is how much educational courses or products relied completely on technical analysis. Almost every course or system is based on concepts that can actually be learned for free online.
In my experience, focusing purely on technical analysis leads to a cycle of endless switching and changing of systems, which ultimately leads
people’s investments. But over time this gets easier and it all becomes part of the job.
Trading for clients is a very good way of leveraging your abilities and minimises the risk of wiping out your account funds needlessly.
FXTM: How do your methods differ from other traders in the retail industry?
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