Naked Forex High-Probability Techniques for Trading Without Indicators

by Nekritin, Alex; Peters, Walter

• ISBN13: 9781118114018
• ISBN10: 1118114019
• Edition: 1st
• Format: Hardcover
• Copyright: 2012-03-06
• Publisher: Wiley

Summary

Long before computers and calculators traders were trading naked. Naked trading is the simplest (and oldest) trading method. Naked trading is simply trading without technical indicators. 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. Walter Peters trades and manages money almost exclusively without indicators. He feels that it is the simplest and easiest way to make money in the markets. This book will teach traders how to profit like him!

Author Biography

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.

Table of Contents

Foreword	p. ix
Preface	p. xi
Acknowledgments	p. xiii
Naked Forex Trading Revealed
The Fundamentals of Forex Trading	p. 3
Avoiding a Trading Tragedy	p. 9
Back-Testing Your System	p. 25
Identifying Support and Resistance Zones	p. 39
Naked-Trading Methodology
The Last Kiss	p. 73
The Big Shadow	p. 95
Wammies and Moolahs	p. 111
Kangaroo Tails	p. 131
The Big Belt	p. 151
The Trendy Kangaroo	p. 163
Exiting the Trade	p. 177
Trading Psychology
The Forex Cycle	p. 203
Creating Your Trading System	p. 209
Becoming an Expert	p. 229
Gaining Confidence	p. 239
Managing Risk	p. 249
About the Trading Software and Video Tutorial	p. 261
About the Authors	p. 263
Index	p. 265
Table of Contents provided by Ingram. All Rights Reserved.