Naked Forex
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Naked Forex : High-probability Techniques for Trading Without Indicators

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Description

A streamlined and highly effective approach to 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!show more

Product details

  • Hardback | 288 pages
  • 157.48 x 231.14 x 30.48mm | 453.59g
  • John Wiley & Sons Inc
  • New York, United States
  • English
  • 1. Auflage
  • 1118114019
  • 9781118114018
  • 131,409

About Alex Nekritin

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.show more

Back cover copy

Naked Forex Simplify your way to success in the world of foreign currency trading Today's forex traders rely mostly on technical analysis books written for stock, futures, and options traders. Yet, long before computers and calculators, trading was handled without this complex and confusing array of indicators. Trading was . . . naked. Naked Forex reveals powerful and effective techniques for trading without indicators and, instead, teaches you to rely solely on price charts. From an expert author duo that includes the CEO of TradersChoiceFX.com and a professional forex trader who holds a PhD in psychology, you'll discover a liberating system for trading in the forex market, as well as how to tap into your own personality to achieve success.show more

Flap copy

Most forex traders lose because they persist in believing three myths of successful trading. Myth 1: successful trading must be indicator-based. Myth 2: successful trading must be complex. Myth 3: successful trading is dependent on the trading system. Well, it's time to get over these misconceptions and start winning, say authors Alexander Nekritin and Walter Peters in Naked Forex. Long before computers and calculators, trading was handled without complex technical analysis and indicators. Trading was old school--based on using only price charts--and it was simple, profitable, and easy to implement. In Naked Forex, Nekritin and Peters show you how to successfully trade this way. This lively, three-part book lays out the authors' techniques in detail. The first part walks you through the fundamentals of forex trading and establishes the ruling tenet of all naked forex trading: price is king. In Part Two, the authors share methods that lead to profits, including using resistance zones, price patterns, transitions, and such intriguing trade setups as Wammies, Moolahs, and the Last Kiss. In the last part of the book, you'll learn to understand your own trading psyche. Mastering your own attitudes toward risk, says coauthor Peters, who is also a PhD in psychology, is how you finally become a true professional trader. Engaging and informative, this practical guide touches on many provocative topics, including: Is it possible to outwit some of the most determined, intelligent, and well-resourced traders in the world? Find out what it takes The concept of "zones" and the seven most important things you need to know about them Six key stages you must address for every trade Are you a runner or a gunner? When it comes to exiting a trade with money, it's important to know The one secret expert traders all share, why boring is good, and six steps to becoming an expert Why understanding yourself is paramount. What is your attitude towards money? What are your biases? Find out how to find out Naked trading is liberating, exhilarating, and frees you to focus on markets, instead of the indicators, say Nekritin and Peters. Follow their proprietary techniques to profitability with Naked Forex.show more

Table of contents

Foreword Preface Acknowledgments 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 Indexshow more

Rating details

99 ratings
3.92 out of 5 stars
5 32% (32)
4 42% (42)
3 14% (14)
2 8% (8)
1 3% (3)
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