Naked Forex

Informationen zum Autor 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. Klappentext A streamlined and highly effective approach to trading without indicatorsMost 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 worldNaked Forex teaches traders how to profit the simple naked way! Zusammenfassung 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. Inhaltsverzeichnis Foreword ix Preface xi Acknowledgments xiii Part One Naked Forex Trading Revealed Chapter 1 The Fundamentals of Forex Trading 3 Chapter 2 Avoiding a Trading Tragedy 9 Chapter 3 Back-Testing Your System 25 Chapter 4 Identifying Support and Resistance Zones 39 Part Two Naked-Trading Methodology Chapter 5 The Last Kiss 73 Chapter 6 The Big Shadow 95 Chapter 7 Wammies and Moolahs 111 Chapter 8 Kangaroo Tails 131 Chapter 9 The Big Belt 151 Chapter 10 The Trendy Kangaroo 163 Chapter 11 Exiting the Trade 177 Part Three Trading Psychology Chapter 12 The Forex Cycle 203 Chapter 13 Creating Your Trading System 209 Chapter 14 Becoming an Expert 229 Chapter 15 Gaining Confidence 239 Chapter 16 Managing Risk 249 About the Trading Software and Video Tutorial 261 About the Authors 263 Index 265 ...

Auteur

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.

Texte du rabat

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!

Contenu

Foreword ix

Preface xi

Acknowledgments xiii

Part One Naked Forex Trading Revealed

Chapter 1 The Fundamentals of Forex Trading 3

Chapter 2 Avoiding a Trading Tragedy 9

Chapter 3 Back-Testing Your System 25

Chapter 4 Identifying Support and Resistance Zones 39

Part Two Naked-Trading Methodology

Chapter 5 The Last Kiss 73

Chapter 6 The Big Shadow 95

Chapter 7 Wammies and Moolahs 111

Chapter 8 Kangaroo Tails 131

Chapter 9 The Big Belt 151

Chapter 10 The Trendy Kangaroo 163

Chapter 11 Exiting the Trade 177

Part Three Trading Psychology

Chapter 12 The Forex Cycle 203

Chapter 13 Creating Your Trading System 209

Chapter 14 Becoming an Expert 229

Chapter 15 Gaining Confidence 239

Chapter 16 Managing Risk 249

About the Trading Software and Video Tutorial 261

About the Authors 263

Index 265