Naked Forex: High-Probability Techniques for Trading Without Indicators
Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It's simply trading without technical indicators, and that is exactly what this book is about.
Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method.
- Offers a simpler way for traders to make effective decisions using the price chart
- Based on coauthor Walter Peters method of trading and managing money almost exclusively without indicators
- Coauthor Alexander Nekritin is the CEO and President of TradersChoiceFX, one of the largest Forex introducing brokers in the world
Naked Forex teaches traders how to profit the simple naked way!
Part One: Naked Forex Trading Revealed
Chapter 1: The Fundamentals of Forex Trading
Chapter 2: Avoiding a Trading Tragedy
Chapter 3: Back Testing Your System
Chapter 4: Identifying Support and Resistance Zones
Part Two: Naked Trading Methodology
Chapter 5: The Last Kiss
Chapter 6: The Big Shadow
Chapter 7: Wammies and Moolahs
Chapter 8: Kangaroo Tails
Chapter 9: The Big Belt
Chapter 10: The Trendy Kangaroo
Chapter 11: Exiting the Trade
Part Three: Trading Psychology
Chapter 12: The Forex Cycle
Chapter 13: Creating Your Trading System
Chapter 14: Becoming an Expert
Chapter 15: Gaining Confidence
Chapter 16: Managing Risk
About the Authors
Alexander Nekritin is the CEO and President of TradersChoiceFX, one of the largest forex introducing brokers in the world. He has over ten years of successful trading experience in equities, options, futures, and forex. Nekritin holds a degree in finance with a concentration in derivative instruments from Babson College. His work has been featured in many web publications such as FXstreet.com and TradingMarkets.com.
Walter Peters, PhD, holds a doctorate in psychology and is a full-time forex trader. He trades for the DTS Fund and works with traders through the website FXjake.com. Peters is a technical trader and takes a unique "naked" approach to forex trading. Nearly all of the trading systems he uses and teaches are systems without technical indicators. Peters believes that an understanding of cognitive psychology in general, and in particular cognitive biases, is useful for the forex trader.