qas30

--== It is Not Random But Designs ==--
Having trading discipline is the beginning; keeping discipline is the progress;
staying discipline is the success

Friday, April 04, 2025

Naked Forex: High-Probability Techniques for Trading Without Indicators (Wiley Trading)

Published on Rabu, 03 April 2013 05.53 //



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.

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.

From the Back Cover

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.

Tags:

+ Discussion
Subscribe to our RSS Feed! Follow us on Facebook! Follow us on Twitter!
  • FOREX-Yen, Swiss franc benefit from Iraq concerns
    08/08/2014 - 2 Comments
    * Approval of U.S. air strikes dominates market mood * Dollar hits 2-week low versus safe haven yen * Euro recovers ground as dollar takes hit (Updates with early European trade, changes dateline from previous TOKYO) LONDON, Aug 8 (Reuters) - Investors sought refuge in the traditional security of the…
  • Recovery Project
    19/02/2013 - 0 Comments
    I got this account is not healthy and wealthy, so the owner ask me to make a Recovery with  this account gonna be much better, at least the capital is going back to the account, with a pleasure Sir,  Insya Alloh  i'll try to do the best to make it better and healthier, so the   owner of…
  • Trader Bodong Investasi Bodong
    01/06/2013 - 1 Comments
    Dunia Investasi emang mirip bank ghoib kali ya..makanya banyak orang tergiur untk bisa kaya mendadak, bayangin aja dengan modal senganu bisa berlipat jadi senganu..he he he. Minimnya pengetahuan masyarakat awam tentang investasi ya membuat mereka mudah tergiur masuk dalam perangkap bajingan bajingan yang…
  • Hedge Funds Raise Gold Bets as Copper Bulls Retreat: Commodities
    03/02/2014 - 2 Comments
    Hedge funds raised bullish gold wagers by the most since July and sold copper holdings as emerging-market turmoil boosted concern the global economy will slow and increased demand for precious metals as a haven. The net-long position in gold jumped 40 percent to 60,672 futures and options in the week ended…