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Naked Forex: High-Probability Techniques for Trading Without Indicators (Wiley Trading)
ISBN: 1118114019     Date Published: 2012-03-06     Author(s): Alex Nekritin, Walter Peters Ph.D.
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Hardcover
Wiley
288 Pages
 
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Last Update:
06/20/2013 01:35:38
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Editorial Review - Book 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!

 
Customer Review:
Total Reviews: (50)
  (32)      (15)      (1)      (0)      (2)
(3) Shared
 
11 of 12 People found the following review helpful.

I Am Naked Now, October 8, 2012 ByAndrew - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Naked Forex: High-Probability Techniques for Trading Without Indicators (Wiley Trading) (Hardcover) Let's face it... if you are reading forex trading books, then you are looking for something better. That is why I read this book. I wanted something better than I had, and boy have I had it all: mentors, indicators, systems, courses, seminars, dvd's - anything you can imagine I have bought. And to be honest, I knew that it was probably overkill in the back of my mind. I knew that covering up price with all of my indicators was, let us say, a bit crazy, when we traders are all trading price in the end. The market goes up, the market goes down, and we have to decide whether to buy, sell or stay away. My inkling was proved true with this book. Sure, there are other trading books out there about trading price, but very few of them simplify things like this book. And let me be clear here: that is a good thing, I am glad to see that simple works. I tested these systems as the authors suggested and I really am glad that I did. It proved to me that Naked Trading works, and that is...
 
10 of 12 People found the following review helpful.

Marketing your educational material, March 2, 2013 Bymarion jarman (auckland, New Zealand) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Naked Forex: High-Probability Techniques for Trading Without Indicators (Wiley Trading) (Hardcover) Forex marketers are getting more and more creative with peddling their material.In Walter's case all he does is give run of the mill forex patterns and price bars a whole lot of new names,Pinbars become Kangaroo Tails,Outside bars become Big Shadows etc.It all sounds original but in fact all of his stuff is available for free on the internet.Walter directs you to his website where you can buy one of his many courses and get trained by one of the best in the business....to loose your shirt.Between running his website and surfing I doubt that Walter has any time to actually trade.Just another FX BS artist in my opinion.
 
2 of 2 People found the following review helpful.

Great read, February 20, 2013 ByDaniel K. Bennett "Kawika Bennett" (Aiea, Hawaii) - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Naked Forex: High-Probability Techniques for Trading Without Indicators (Wiley Trading) (Hardcover) I love the premise of this book. KISS. There are other methods and tools, but price moves according to what buyers and sellers are willing to do. This methodology of naked trading helps one by eliminating noise and variables. One of the simplest techniques that I gleamed out of this book is using other types of charts. I used to base my analysis solely on candlestick charts. I've now added line charts and at times bar charts to my analysis. This has worked wonderfully in helping me locate areas of confluencne not otherwise seen with the noise of various bar ranges, wicks, opens and closes. Most of my bias and initial plans are made from Naked charts. I then use other tools to help reinforce zones of interest. Good read, definately one I will reread several times.
 
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