Naked Forex: High–Probability Techniques for Trading Without Indicators

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.

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

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.