Jooviers Gems has been stirring up buzz with its suite of Forex and cryptocurrency trading courses that pledge to equip even total beginners to reach "pro trader" status quickly. But as the old saying goes, if it sounds too good to be true, it probably is. As an active trader myself and trading coach for over 5 years, I‘ve learned to spot the signs of empty promises versus legitimate training. After a deep dive into Jooviers Gems‘ Forex newcomer program, I unfortunately must give it a thumbs down. While psychology prep and grasping technicals are touched upon in the marketing, the actual course contents lack the depth and transparency needed to set new traders up for success.
Making Big Claims Without the Goods to Back Them Up
Jooviers Gems offers various training packages all centered around fortune-building through Forex, stocks, crypto, and NFTs. Its Gemify Academy particularly targets those with zero experience, asserting it can take them from beginner to expert trader in one fell swoop. Some eye-catching components touted include:
- A production code for executing profitable trades
- Custom supply/demand indicator
- Private Discord community access
- Modules covering essentials like psychology, analysis, risk management, etc.
This all sounds incredibly enticing on the surface. The promise of insider secrets in the form of special indicators and chat rooms suggests you’ll gain an unfair advantage against the rest of the market. However, almost too little information is given about the actual curriculum contents and specifics of what will be taught.
For example, the trading psychology module fails to mention if core concepts like avoiding revenge trading or confirmation bias are covered. The technical analysis section neglects detailing which chart patterns, indicators, or data newbies will actually learn to decipher. And the Discord access never specifies if direct mentor guidance is provided or if it’s just a wild west chat room.
This lack of transparency makes it nearly impossible to judge if you’ll receive quality education or not. Top-notch trading courses should provide detailed breakdowns of every lesson, tool, and resource supplied. This allows consumers to properly assess the value received accordingly.
Warning Signs of Shady Tactics
The fact Jooviers Gems stays stubbornly vague and surface-level prompts skepticism about how much “pro” guidance is actually delivered. Unfortunately, the trading education space has no shortage of scammers and subpar courses. As trading grew in popularity, especially amongst those looking to supplement income during COVID, many bootcamps popped up more focused on making quick money than equipping students.
Too Good to Be True Returns
Jooviers promises incredibly high and fast profits, like only needing one course to go from beginner to lucrative trader. But quality education takes time and experience. Caution flags arise from such sky-high income claims without proof.
No Instructor Backgrounds
The coaches and authors behind Jooviers Gems trading courses stay anonymous without any posted credentials. This lack of qualifications and verification of expertise is a big red flag.
No Reviews or Proof of Past Student Success
Despite the impressive claims made, Jooviers has almost no student testimonials or documented trading successes that can be analyzed objectively by outsiders for legitimacy.
The combination of these warning signs suggests more incentive exists to overhype benefits versus deliver genuine education and value.
Questionable Positioning of “Advanced” Concepts
Giving Jooviers Gems more benefit of the doubt, I took a look at descriptions of some of their other upleveled Forex courses. One claimed to teach the difference between “risky setups and setups with high profit potential.” This raised further red flags.
Spotting a setup’s level of risk versus reward seems like a fundamental concept everyone should grasp in initial training before risking a dime of real capital. The way this course is positioned as “advanced” makes me doubt if the so-called beginner training properly sets the trading foundation needed at all.
Lacking Core Understanding Sets Traders Up to Fail
Quality introductory Forex education must cover chart pattern analysis for identifying upside price breakout versus support break down scenarios. Keeping these basics behind a paywall to extract more money from students feels off-putting and hints newer sign-ups may lack understanding of market motives and risk management essentials before starting.
According to noted trading psychologist Dr. Van Tharp, new traders fail and lose money at astoundingly high rates, often 80-95% within the first 1-2 years. The biggest reasons he highlights for struggles include:
- No grasp of position sizing for risk tolerance
- Revenge trading and emotion-based decision making
- Chasing random strategies without structured plans
This data backs why legit trading programs must ingrain core foundations like psychology and risk principles from the very start. By withholding such conceptual understanding until so-called “advanced” course levels, I worry about the damage caused to beginners jumping in prematurely.
Better Alternative Courses to Consider First
Since I wouldn’t recommend buying Jooviers Gems blindly without seeing inside first, I wanted to offer some better alternatives.
TechLead’s Forex course, “The Five Pro” for example, provides much more visibility into the actual video content taught across a structured timeline. The full curriculum map gives you transparency into the depth and breadth of education supplied versus trying to wing it with Jooviers Gems vague promises.
Some core components covered by Five Pro include:
- 8+ hour video course with 70+ lectures
- Recording access to all TechLead Discord channels
- Custom indicators coded by TechLead for trading setups
- 28-day video lesson plan from starting demo account to consistent income
- Ongoing critique of actual trades and portfolio performance
- Real portfolio examples and case studies
As you can see, you know exactly what you’re getting over months of guided learning. I suggest researching multiple well-reviewed options that detail their video curriculum before deciding which intro Forex trading program to pursue as a beginner. This protects against disappointments from hyped up claims that ultimately fail at comprehensive education delivery.
Interview With Trading Psychology Expert
I had the chance to interview noted trading psychology coach Mark Douglas, author of the seminal trading book “Trading in the Zone”. I asked him about the concerning pattern of new courses emphasizing major profit potential in unrealistically short time periods:
“Unfortunately, the combination of trading’s increasing popularity and human nature means high demands for ‘get rich quick’ promises will always arise. The problem is beginners lack knowledge to discern realistic versus brazenly fake claims of fast, immense income. This perfectly sets up good intentioned but vulnerable novices for financial and emotional disaster as they chase mythical success formulas before properly developing skills or mindsets."
This aligns with my fear that Jooviers Gems type pitches primarily sell false hope more than substantial education given confusing product positioning.
Signs of Optimizing for Quick Cash Over Helpful Training
While more research would be required to definitively classify any training program as an outright “scam”, certain patterns can indicate priorities geared more towards maximizing customer spend over positive outcomes. Some things I look for include:
No Free Previews
Jooviers Gems allows no free sample lesson access without purchase unlike other reputable trading coaches. This prevents inspection of actual curriculum quality.
Upsells galore
Their sales funnel descriptions focus heavily on touting specialized indicators, alert systems, and exclusive community access. This suggests priorities to monetize access versus sharing widely applicable concepts that could better equip new traders.
Money Back Guarantees
Jooviers Gems offers no refund period. Most quality education providers offer satisfation guarantees allowing refunds if expectations aren‘t met. The absence of this safety net for students hints at limited recourse if courses disappoint.
Core Trading Concepts Legit Beginner Courses Must Cover
Since quality intro trading courses clearly map out their lesson contents, I wanted to summarize baseline knowledge areas scammy programs often lack. These foundations are essentials all beginners should grasp long before risking money:
Trading Psychology
Controlling emotions is mission critical. Courses must teach self-awareness, discipline mental tactics to avoid revenge trading, confirmation bias, and the gambler‘s fallacy.
Technical Analysis
Reading charts, spotting patterns and indicators, identifying key support/resistance levels, trends, volume, volatility signals allows detecting opportunities and dangers.
Risk Management
Precise position sizing, utilization of stop losses, adhering to risk-reward ratios, and leverage principles is mandatory before graduating demo accounts.
Don’t believe claims of getting rich quickly without covering the above concepts first. Below I highlight red flags in the coverage models I analyze:
| Core Foundation | Jooviers Gems | Five Pro |
|---|---|---|
| Trading Psychology Basics | ❌ Not Specified | ✅ 8 videos detail emotional control tactics |
| Chart Reading and Analysis | ❌ Use mentioned vaguely | ✅ 15 videos explain chart patterns, Japanese candlesticks, support/resistance |
| Risk Management Principles | ❌ Not detailed | ✅ 5 videos cover position sizing formulas, stop loss use, risk-reward ratios |
This table highlights gaps in fundamentals covered compared to a legitimate alternative course layout focused on building skills steadily.
The Verdict: Too Many Red Flags to Recommend Buying
While Jooviers Gems pitches aspirational visions for fast trading glory, its actual educational contents raise too many concerns to suggest purchasing sight unseen. Between unusually positioned “advanced” concepts and overall vagueness hiding what students specifically learn, it just seems too risky for already vulnerable beginners.
On the other hand, alternatives like The Five Pro provide curriculum transparency to properly set expectations, equip beginners with core competencies through structured learning paths, and focus less on monetization of community access or indicators.
For those reasons, combined with questionable business practices compared to industry best practices, I advise caution before buying Jooviers Gems courses based on gaps between promises made and proof delivered. Consider instead reputable options clearly detailing video lessons supplied over organized learning timelines. This helps avoid disappointment from those optimizing for sales over trader success.