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Elijah Bailey
Elijah Bailey

Naked Forex [WORK]


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.




Naked Forex



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. About the Author


No indicators? As in zero? Yes 0. We will show you how to trade with no indicators using naked forex trading. Make sure to print out this article and be ready any time! We are sure you can find this simple forex trading strategy with no indicators.


But what I am saying is this: learn to read patterns and actually see the charts. Learn to read price action signals. If one focuses only on indicators, you will never see the obvious. Practice this art and you will see that Forex trading using no indicators works just as well. Or you will at least be able to reduce it to the basics such as Fibs, divergence, and a moving average. Here is another article on the most used indicators in forex trading.


Basically, this part is dedicated to indicator-bashing and introduction of indicator-free charts as the fundamental part of naked Forex trading. The concept of support and resistance zones is introduced in this part. You may skip the first part if you are not fan of indicators or if you use them sparingly and know well what exactly they represent and what they cannot show. The authors' definition of support and resistance zones is not very innovative too, though some interesting ideas can be found there.


Forex trading with no indicators at all is known as naked trading. An indication is a specific measurement of volume and price for a particular movement and how it will impact trade or account in the foreign exchange market. The trader can then use these measures to determine whether and when to enter or leave a given movement.


Naked Forex trading uses more technical analysis in each movement. This is because it only looks at the information directly presented and in front of the user at that moment. Beyond immediate information, Naked Forex traders also look at forex economic calendars to better anticipate big events and see how big events impact them.


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.


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.


Currency exchange is a business that has the legal right to exchange one currency for another for its customers. This may be offered as part of the services provided by a bank, forex broker, or other financial institution. Currency exchange services are also offered online. These businesses profit from their services either through adjusting the exchange rate, charging fees, or both.


Leveraged transactions, widely known as forex trading inTurkey is regulated by the Capital Markets Authority since August 2011 and onlybrokerage firms are allowed to trade in this industry. Employing the regressionanalysis, we investigate the effect of foreign exchange volatility on brokeragefirms between 2012 and 2016. Our results indicate that, the volatility inforeign exchange rate have a significant positive effect on the revenue offorex trading of brokerage firms. The movements in the direction of foreignexchange rates have a bigger effect on the profit of brokerage firms.


Selling a naked put is an investment strategy very similar to a covered call. It can be used to generate additional premium income, but unlike a covered call, you do not own the underlying stock. Over 75% of options are held until expiration and expire worthless. So what is a naked put?


Using a naked put strategy, you sell put options on a stock you do not own, and earn the premium income if the option expires worthless. A naked put strategy is somewhat riskier than a covered call strategy, as you will be obligated to short the obligated shares of the underlying stock if the call is exercised before it expires. 041b061a72


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