Alex Nekritin, Walter Peters – Naked Forex. High-Probability Techniques for Trading without Indicators (2012)

Alex Nekritin, Walter Peters – Naked Forex. High-Probability Techniques for Trading without Indicators (2012)

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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!

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

Index

AUTHOR INFORMATION

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.

Forex Trading – Foreign Exchange Course

Want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.