Naked Forex : High-Probability Techniques for Trading Without Indicators
- Hardback | 288 pages
- 159 x 234 x 25mm | 480g
- 06 Mar 2012
- John Wiley & Sons Inc
- New York, United States
- 1. Auflage
Other books in this series
13 Oct 2014
03 Aug 2012
02 May 2005
29 Nov 2011
25 Jan 2005
14 Dec 2015
21 Jul 2014
10 Nov 2008
04 May 2009
26 Jul 2010
29 Mar 2011
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.
Back cover copy
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.
Table of contents
About Alex Nekritin