Naked Forex: High-probability Techniques For Trading Without Indicators

• Home
• My Books

Open Preview

See a Problem?

We'd love your help. Permit the states know what'southward wrong with this preview of Naked Forex by Alex Nekritin.

Thanks for telling us well-nigh the problem.

Friend Reviews

To see what your friends thought of this book, please sign upwardly.

Reader Q&A

To ask other readers questions about Naked Forex, please sign up.

Be the first to ask a question about Naked Forex

Community Reviews

 · 392 ratings  · 41 reviews

Start your review of Naked Forex: High-Probability Techniques for Trading Without Indicators

Sep fifteen, 2015 Evil Evan rated it really liked it

Overall, Naked Forex is a neat book for those who are either new to forex or price action trading or are currently trading cost action unsuccessfully. There are three parts to this volume. I'll exist taking about the 2d part generally, which covers six trading setups.

A complaint that people often take with this book is that "he just renames traditional setups". Not true. People who say this may not have read the book properly, or don't actually know the criteria for the traditional setups. What Pe

Overall, Naked Forex is a great volume for those who are either new to forex or cost action trading or are currently trading price action unsuccessfully. There are three parts to this volume. I'll be taking about the second function by and large, which covers vi trading setups.

A complaint that people often have with this volume is that "he just renames traditional setups". Not true. People who say this may non accept read the volume properly, or don't actually know the criteria for the traditional setups. What Peters does is add together more criteria to traditional setups, and and so give the new setups airheaded names, which purportedly makes them more reliable (the additional criteria, not the empty-headed name).

Another complaint that people have is that "this book is also uncomplicated". But that is the point. Peters explains that you don't desire complex trading systems with as well many rules. You desire simple systems that work, and trade them properly in a disciplined manner. Focus on things like correct execution and trading psychology, rather than fine-tuning the period of your EMA or adding another indicator.

I am only starting to backtest these setups, and then I can't comment on their effectiveness. But I have traded similar cost activeness setups, and I think that these more specific setups wait quite promising. The subtle differences in these setups to their traditional counterparts actually make a lot of sense to me. I had several "a-hah" moments reading this part. Like "Oh that's probably why my pinbar trades got stopped out then often". I look forward to testing these setups.

The silly names he gives setups, like whammies, moolahs and trendy kangaroo tails I plant quite annoying. But brilliant setup names are not what we are looking for when reading a trading volume.

The book is an piece of cake read. Things are explained clearly and in simple language; however, the explanations are extremely repetitive and not very well written. He goes off on frequent tangents, saying things he's already said several times while he should be explaining the main topic. The tangents are brusque, and he does quickly come back to the master point, but he just does it so oftentimes that it does become a fleck ho-hum. And do nosotros really demand equally long explanations for both the bearish and bullish version of every setup? Why can't authors just say "and the bearish setup is exactly the same, except in the opposite direction." The repetitive and redundant nature of the writing makes me suspect that he was trying to fill up space. Perhaps the publisher gave him a quota for the number of pages. These things are why I'm not giving the book 5 stars.

Diagrams are rarely on the same page equally they are discussed. Oftentimes you have to flip or coil several pages ahead, passing several other diagrams and paragraphs, before y'all find the diagram which you are reading about. Lots of publishers do this to us. I guess they want to save pennies on paper or really care more than about fitting everything all pretty on the page with no gaps. Unfortunately, this makes for a frustrating reading experience. I don't care if there is a gap on the page if it ways the diagrams are where I demand them.

In summary, I Naked Forex clearly presents what is probably an effective trading methodology and several specific toll action setups (although I have not tested the setups). Your optics will ringlet at the silly names, and glaze at the frequent redundant tangents, merely in the terminate, you lot'll get what you lot wanted, and that is a plan on how to succeed at trading toll action.

...more

A good book for the basics, merely if y'all are across a beginner, you lot will have already have read most of the concepts discussed elsewhere . The 6 setups described in this book are common setups which whatever technical trader would take already known, though the writer has given them fancy names, and added some variables to rule out poor trade setups. Office III of the volume (Trading Psychology) is the best part of the book, although if y'all are looking for guidance in that respect, I would recommend you re A good book for the basics, just if y'all are across a beginner, you will take already have read about of the concepts discussed elsewhere . The 6 setups described in this book are common setups which whatsoever technical trader would accept already known, though the author has given them fancy names, and added some variables to rule out poor trade setups. Part 3 of the book (Trading Psychology) is the best part of the volume, although if you are looking for guidance in that respect, I would recommend yous read Trading in the Zone. ...more

The writer of this book is trying to explicate some quondam well known technical analysis patterns in his own terms, and information technology wouldn't do any favor for anyone with some little experiences in the background.
just there was besides a function of the volume nether the championship of psychology of trading (the latest chapters)that i liked and i would recommend to myself and whatever traders to review them once in a while.
actual rating ii.5 star.

Saeed.

The author of this book is trying to explain some old well known technical assay patterns in his own terms, and it wouldn't do whatever favor for anyone with some trivial experiences in the groundwork.
simply there was likewise a role of the book under the title of psychology of trading (the latest chapters)that i liked and i would recommend to myself and any traders to review them one time in a while.
bodily rating ii.v star.

Saeed.

...more than

Mar 01, 2021 Ayesh Perera rated information technology it was amazing

Really some proficient advice to exercise. This is a book that I'll be revisiting a lot for 2021. Really some good communication to practise. This is a book that I'll be revisiting a lot for 2021. ...more

Apr 11, 2018 Maxim Shilo rated it it was astonishing

I am learning to trade FX markets.

Highlights of this astonishing volume from Walter Peters who is 1 of my e-mentors and my community leader.

The indicator-based trader also has the added advantage of an indicator to blame when things become awry; the naked trader can blame no one only the market place for losing trades. This is a subtle just very important difference point of reference for the naked trader. All trading involves an aspect of luck. All traders feel a lucky streak of winning trades and an u

I am learning to merchandise FX markets.

Highlights of this astonishing volume from Walter Peters who is one of my east-mentors and my community leader.

The indicator-based trader too has the added advantage of an indicator to blame when things go awry; the naked trader can arraign no one just the market for losing trades. This is a subtle but very of import divergence signal of reference for the naked trader. All trading involves an aspect of luck. All traders feel a lucky streak of winning trades and an unlucky streak of losing trades. Without the crutch of indicators, naked traders are more likely to take responsibleness for their trading results.If yous find yourself saying something similar, y'all are probably a terrible-arrangement trader. If you are constantly changing trading systems, particularly after a losing streak, you lot are a terrible-system trader. All terriblesystem traders blame the system when finding profits becomes difficult.Traders effectually the world take institute that adopting naked-trading strategies means letting go of a trade. There are no indicators to give false signals, there are no settings to tweak; there is just the market price and the trading conclusion. Naked traders have a truthful advantage because the focus of the merchandise is the current market cost. In that location is no better indicator of the sentiment, attitude, or exuberance of the market than the current market price. Naked traders make the current market toll their indicator.
Where has the market moved since I entered my trade?
If I looked at the marketplace at present, would I take the same merchandise?
How exercise I experience about my trade?
What do I similar about this trade now?
What practice I dislike nearly this trade now?
On a scale of 1 (poor decision) to ten (swell conclusion), where would I rank this trade at present?
If I were not in a trade now, would I take the opposite trade?Marketplace Biofeedback is the one area that most traders neglect, well-nigh traders are not quite aware of this process. By paying attending to Market Biofeedback over time, y'all will be able to get aware of, and somewhen command your trading behaviors. This will allow yous to take a large step towards consistent profits.Yous have to pay close attending to i thing on the chart if yous trade naked: price. Toll is rex. Price will tell you all you need to know.

1. Zones are an area, non a toll point.
ii. Zones are like fine vino; they become amend with age.
iii. Zones are spots on the chart where price reverses, repeatedly.
4. Zones may be extreme highs or lows on the chart.
v. Zones are where naked traders find trading opportunities.
half-dozen. Support and resistance zones rarely need to be modified.
vii. Line charts help naked traders find zones.
8. Zones are often seen by many traders.
It is admittedly disquisitional that the naked trader identifies the zones on the chart. These zones are the foundation of naked trading.If the market place trades beyond the zone it does not mean that the market place has broken the zone. This is an important and disquisitional point for the naked trader. Call up zones are beer bellies, they are squishy, they are fatty, and they consist of a wide range on the chart. This ways that sometimes the market will button into the zone, and information technology may look like the market has broken beyond the zone, this is often non the case.The fundamental to successful trading is to await for the very best trading opportunities. These opportunities occur when the marketplace reaches a well-defined zone and then prints a catalyst. These are aureate opportunities.
The first is to place the support and resistance zones, the second is to wait for the market to reach 1 of these zones, and the third is to take a trade one time a goad prints on ane of these zones.Catalysts are powerful price patterns. These elementary toll patterns suggest what the market place may do once the market reaches a zone.

The terminal-buss trade is a overnice style to trade high-probability breakout trades. Here are the steps for the last-kiss trade:
Look for price to consolidate in a box betwixt two zones.
The box should have at to the lowest degree two touches on both zones.
Expect for price to pause beyond one of the zones.
Once cost returns dorsum to the consolidation box, expect for the market to print a concluding-kiss candlestick on the edge of the box. The Concluding Kiss
For sell trades, a sell stop is placed beneath the low of the last-kiss candlestick, and for buy trades, a buy stop is placed above the high of the last-kiss candlestick.
Emergency stop loss is placed in the midpoint of the consolidation box. The profit target is the nearest zone.

The big shadow appears on back up and resistance zones, precisely where the naked trader looks for high probability trade ready-ups. In one case the large shadow prints on a zone, we have a valuable hint that the market may soon turn effectually. The important thing is this: The big shadow must print on a zone.The cycle of doom makes sense to the trader who is convinced that profits come up from trading systems. The problem is this: Profits do non come from trading systems. Profits come up from traders. Traders find profits in the markets, and the tool (trading system) used to extract these profits is non equally essential as the trader'due south execution. The fatal error that most traders brand is to assume that trading systems are responsible for profits.The first step toward profitability is identifying that you have been stuck in the wheel of doom. The primal to breaking the cycle is to recognize that the trading system is not responsible for trading profits or losses. Yous are responsible for trading profits and losses.It is possible to defeat the cycle of doom. I accept done information technology, and many other naked traders have also broken the cycle. You can certainly defeat the cycle of doom. You must desire to get a professional trader. If you lot desire to merchandise consistently, and if yous want to find profits, it may be best for you lot to stick to a trading organisation that y'all believe in.Y'all are the type of trader who must create your own trading arrangement. You must trade a system that is completely yours. The rules of your trading system will define how you interact with the market place. It may seem similar this is a very small detail, merely in fact it is the definition of the game. Those traders who do not take rules—and many traders enter the marketplace without rules—are but gambling. It is important for yous to define what your organisation rules are, if only for the fact that having them in front of you will help to remind you that you accept a method for extracting profits.In fact, impatient traders make very adept scalpers.
The point at which you can place a trade, take the take chances associated with the

merchandise, and get a good nighttime of slumber. If a trade is constantly on your mind or if y'all find yourself checking a trade at odd hours in the night, there is as well much risk associated with the trade, and it should be reduced to the sleeping point.
If something is not working, step away, re-analyze your trades, and then come dorsum to the markets. Stepping away from the markets will give your mind and your body time to residuum, and you lot will be much better for it when you come back to the markets."The market place is constantly sending information to market participants. What will you do with that data? Will you take marketplace data and employ it to conform your entry strategy?Some of the very best traders in the world share a unproblematic underground: They utilise extremely elementary and notwithstanding powerful, trading systems. The best traders in the globe—hedge fund traders, banking concern traders, individual millionaire traders you lot volition never hear from—all have one thing in common: These people are experts. They practise i matter.You lot probably know a gambler or 2 disguised every bit a trader. This is the difference between a trader and a gambler: A gambler has no take chances management, and a gambler is willing to lose large amounts of money rapidly. A trader treats each trade every bit a calculated risk and manages each merchandise according to his system rules. Gamblers can lose all the money at one time, and traders lose only as much money every bit their system will permit. The distinguishing factor is that a gambler does non follow take chances management rules, whereas a trader follows strict risk management controls.Proficient traders do more than simply follow strict gamble management controls; they besides concentrate on one trading technique. This is the existent underground of skillful traders: They focus on one market, one trading organization, one border, and they use this edge in their trading repeatedly. Profitable trading is wearisome. Profitable traders are experts, and these expert traders practice one thing over and over over again.
Why exercise profitable traders limit themselves? The answer is simple: Assisting traders know what makes money. Profitable traders trade to brand money. If you would like to make money as a trader, do what the experts do. Become expert at trading one system. You know how to do this now. All you demand is in this volume. You just need to put the piece of work in, practice, and get an expert with a trading organisation that makes sense to you, and and then trade that trading system. Trade your system over and over again until trading becomes boring (and very profitable).All the very successful traders are doing ane thing. This may seem unbelievable, simply entire hedge funds are built on one idea. Hedge-fund traders often take one edge, and they use this edge in their trading. At present, some hedge funds may have several traders, each with his ain border, just to exist a successful trader you merely have to take one thing that you are very good at, and and then you do this one thing over and once more.The nearly successful traders I know follow this rule. The traders that struggle, the traders who have difficulty finding consistent profits, are the ones who repeatedly modify their systems, reanalyzing and reorganizing their trading rules. In other words, they are still stuck in the bike of doom. The key to breaking the wheel of doom is to decide what makes sense to you, which of the trading systems in this book resonate with yous. In one case you have chosen 1, y'all simply need to exam it over and over once more. And so apply this system, concentrate on following your system rules, and watch your confidence grow.Heady trading is exciting because information technology is akin to gambling. Gambling is exciting. This is precisely why risking as well much on whatsoever given trade is exciting. Trading should be fun, but if it is heady. It is a sign that the organization is unproven or you lot are risking likewise much.
In fact, confidence is the about important ingredient for trading success. Confidence will assistance you profit with an average trading arrangement, but without confidence you volition be unable to find success, even with a brilliant trading organization.

You volition find that there are two dissimilar types of confidence problems for forex traders: (1) a lack of confidence in the trading arrangement, or (ii) a lack of confidence in yourself.How to create a trading plan -->
Are you lot a market specialist or a trade specialist?
How many hours of daily screen time do you let yourself?
Which trading session (European, Asian, or North American) practice you trade?
Which timeframes will y'all trade? Creating Your Trading System
Which trading set-ups do you trade?
Which get out strategies do y'all apply?
How much estimation do yous have when placing trades? How much estimation do you have when exiting trades? What is your maximum run a risk per trade?
What is your maximum weekly drawdown?
What is you maximum monthly drawdown?
How do you bargain with drawdowns?
How volition yous regain confidence after a maximum drawdown? What will you do to ensure you are physically fit to trade? What will y'all do to ensure yous are psychologically fit to trade?
The bulk of the volume in forex is from the banks and private funds, not the retail traders. The retail traders brand upward about 1 percent of all the forex trading book each day.

The bang-up thing for the naked trader is that naked trading systems are based on market psychology. The naked trading systems yous take learned in this book are based on the psychology of the marketplace participants. They are likely to hold for as long every bit humans participate in the markets.One thing that many traders neglect to recognize is the intricate human relationship between what you risk and the emotions yous experience during trading. In fact, take chances and trading psychology are ii sides of the same coin.You are the one who knows whether you will make coin or not, even though you may not have witting access to this information. Most traders do not admit this fact: Your beliefs drive your behaviors. This includes your trading behaviors. If y'all believe yous are worthy of trading profits, you will be able to brand money. If you practise not believe your trading will lead to profits, y'all will not be able to consistently brand money. It doesn't thing if y'all determine to piece of work in business or in trading. Your beliefs, whether they are attainable to you consciously, volition drive your behaviors.You win (or lose) because of your beliefs. Specifically, of class I am talking about your winning or losing in the financial game. It does not matter if you are an entrepreneur, looking at establishing a new business, or if you are a salesman, looking to cultivate a stream of customers, or, mayhap more than likely, if you lot are a burgeoning trader, looking to establish reliable trading method to pull profits from the market. The same principles apply to all people looking to make money. Your beliefs about money, and how worthy y'all believe you lot are of coin will determine whether or not y'all brand coin trading.If you believe yous are worthy of trading profits you volition find they come up much more easily.Your beliefs about money can determine how much money comes your way. If you believe money is good and you are worthy of wealth, coin is more likely to come your mode.
Seeing yourself making money is the first step to trading success. If y'all believe wealthy people are moral and skillful, yous are more likely to become one of these people. Likewise, if you lot know that you volition be making money, if you lot are confident that you have the skills to attain wealth, yous are on your fashion to becoming wealthy.
RISK MANAGEMENT - Super of import.

In that location are very few laws for trading, but this is one of them: Improper chance management leads to emotional trading problems. Win or lose, if you take chances besides much on a trade, you will endure emotional problems. It is not only with the losing trades that improper risk management rears its head. Improper risk direction—risking too much on a trade—leads to emotional issues, even if the trade is successful. If too much risk is placed in a merchandise and it ends upwardly a winner, overconfidence, irrational exuberance, and sloppy trade execution may be the result. If too much risk is placed in a trade that ends upwards being a loser, any number of results may occur: trading rules may be ignored, psychological despair may result, and the management of the trade will almost ever exist uncommonly poor. There is no way effectually this law of trading.
Emotional issues will creep into your trading regardless of whether you similar it. You call up that you proceed your emotions out of your trading, but, for most traders, this is not true. Most traders go extremely upset after a losing streak, or a losing trade, or missing out on a neat trade opportunity. Under most circumstances traders have a very difficult fourth dimension removing emotion from trading decisions.The merely subversive trading is trading that is not co-ordinate to your rules. So whether it is emotional trading or logical trading, if yous trade in a fashion that is not consistent with you rules, you are trading in a destructive affair.
The number-ane trading skill y'all demand to succeed as a trader is the ability to protect your trading business relationship.
This is paramount to all other goals, protecting your account means survival. Traders who are unable to make the jump from novice trader to professional trader fail to recognize the importance of playing defence force. Professional traders are very good at playing defense force.To succeed you will demand a healthy dose of determination. History is littered with stories of famous people who overcame adversity, people who accepted success because failure was not an option. Determination is the mutual thread among these stories.
Each of these people share one thing in mutual: determination. You but must have determination to succeed in trading (or whatsoever other endeavour). All successful people share conclusion. Your determination volition guide yous to trading expertise in the form of all the hours spent in front of charts, back-testing. Your determination will yield resourcefulness when it is needed near, during drawdowns and when your confidence is shaken. Your determination will aid aid you to see your success before information technology appears. Conclusion is your ride to success. Permit information technology carry you lot to where you want to exist.

You know what to do now. The question remains: Are you lot determined to succeed as a naked trader?

...more than

Apr 29, 2020 Evans Ncube rated it did not similar it

Erm. A1 for the comprehend. F for the flimsy pages.
Great volume for beginners. Uses ridiculous names for double top, double bottom, pinbars and engulfing candles. Naked trading is more technical than indicators equally it requires in depth reading of candles from higher time frame assay down to lower fourth dimension frame for behavior and entries.

Disappointed to be honest. I would return it only I used a highlighter on the first few pages as the intro was proficient.

Shame.

Dec 06, 2018 Daniyal rated it information technology was ok

The author Naked Forex takes a lot of well known concepts of technical analysis and gives them his ain twist and renames them to something else in a pursuit of originality. While this may non be a big bargain to a person who already knows these concepts and how to filter all these random words out, it's not the case with beginner's who are most probable the highest consumer of this kind of book.

This volume volition misfile beginner'southward a lot especially later when they try to branch out to some actual reasons

The author Naked Forex takes a lot of well known concepts of technical analysis and gives them his ain twist and renames them to something else in a pursuit of originality. While this may not be a big deal to a person who already knows these concepts and how to filter all these random words out, information technology's not the case with beginner's who are most probable the highest consumer of this kind of book.

This book will misfile beginner'south a lot especially later when they try to branch out to some bodily reasons behind how and why these things are happening. It is as if this person gave a mathematical formula and told you to merely memorize it considering 90% of the time it works every fourth dimension.

That said, the section on the psychology of trading was probably the near useful in this volume, if you have this volume and can read on section, you should skip past all the technicals and read the one well-nigh the psychology. It goes over it well and in an easy to understand style.

2-stars because this volume was merely okay, and not worth recommending to others.

...more

January 28, 2019 Kat rated it did not like it

Avert this volume at all costs. Those who already know something virtually forex volition understand straight abroad that the content is worthless. Those who are new - this book will give you a distorted view of what it takes to exist profitable. It does not cover all the aspects in a balanced style therefore is dangerously misleading. In addition, it is written in a condescending manner. Instead of educating yous to meliorate, the message is that information technology doesn't matter that you are a scrap stupid, you tin can yet arrive.. Avert this book at all costs. Those who already know something about forex will empathise straight abroad that the content is worthless. Those who are new - this book will give you a distorted view of what information technology takes to be assisting. Information technology does non comprehend all the aspects in a balanced way therefore is dangerously misleading. In add-on, it is written in a cavalier manner. Instead of educating you to ameliorate, the message is that information technology doesn't matter that you lot are a scrap stupid, you can nevertheless make it.... No, thanks. ...more

The strategies covered are helpful to the more novice trader. Yous will hear a lot of alien opinions due to people'south personal preference, strategies, and marketplace psychology. At the finish of the day I think this is one of the better books in the realm of strategy. If you are looking towards the psychology aspect of the volume which is talked almost in later chapters I strongly propose looking elsewhere. All and all this book serves its purpose which is to teach! iv out of five.

Nov 22, 2015 Tadas Talaikis rated information technology did not like it

As always, expected more than, got what I read few years ago on forums.

Hither's rhe reality. You tin generate random data, dispaly on charts and find a lot of "support" and "resistance" "zones" on those charts.

Here'southward example:

https://www.youtube.com/watch?v=5mPp7...

As e'er, expected more than, got what I read few years ago on forums.

Here's rhe reality. You tin generate random data, dispaly on charts and find a lot of "support" and "resistance" "zones" on those charts.

Here'south example:

https://www.youtube.com/lookout?v=5mPp7...

...more than

Jan 31, 2015 hmhsylm rated it it was ok

Deadening due to besides-little knowledge and too obvious already-known information explained in shallow mode.

Feb 03, 2020 Tony WANG rated it actually liked it

I besides realised a lot of the principles in this book, both the technical and psychology attribute of trading, are but recycled from other classic trading books. However this book is succinct enough to comprehend many of import facets of trading with many illustrated examples.

The "retouch principle" states that cost breakout out of consolidation box ordinarily follows a "last-kiss" candle i.eastward. the cost will take off after the tail touches the support/resistance zone like a "kiss bye".

The "kangaroo-

I besides realised a lot of the principles in this volume, both the technical and psychology aspect of trading, are just recycled from other classic trading books. However this book is succinct plenty to cover many important facets of trading with many illustrated examples.

The "retouch principle" states that toll breakout out of consolidation box usually follows a "last-osculation" candle i.e. the price volition take off after the tail touches the back up/resistance zone like a "buss cheerio".

The "kangaroo-tail" at toll reversals is basically the classic forenoon star/hanging man. If appeared on a bullish uptrend, aka the "uptrend bullish kangaroo-tail", means heir-apparent heavy and seller's failed attempt to push down price. Vice versa for a downtrend bearing "trendy kangaroo". Lmao.

The bullish/bearish "big belts" is basically Monday opening gappers where opening price is below/above support/resistance. The writer believes this later-weekend gap will be closed on the first trading twenty-four hour period of the week.

The "big-shadows" trade is basically the classic bullish/bearish engulfing at toll reversals. Be patient! Go long, get short or go angling!

The "wammies/moolahs" merchandise (lmao) is basically a course of double bottom/double top at support/resistance with a caveat - the 2nd bullish/surly touch has to exist higher highs/lower highs.

The naked-trading methodology is practiced because it sticks. It sticks because its silly to me.

Also, an important takeaway - Successful and profitable trading often is boring. Heady trading is alike to gambling. Keep it simple, Stupid.

...more

May 29, 2021 B D rated information technology it was astonishing

Every bit a consummate beginner, this book is a gem, information technology'south super easy to sympathise the concept of forex naked charts trading.

Some reviewers are complaining that the book is too basic and repetitive; that is the signal, simplicity. I love that about the book.

In addition, the author focuses on keeping forex naked trading as simple as possible; without complex indicators, terminology, lingo, fluff and theory found in other trainings, books and courses.

The diehard indicator traders may not agree with this s

As a complete beginner, this book is a precious stone, it's super easy to understand the concept of forex naked charts trading.

Some reviewers are complaining that the volume is too basic and repetitive; that is the point, simplicity. I love that about the volume.

In addition, the author focuses on keeping forex naked trading equally unproblematic every bit possible; without circuitous indicators, terminology, lingo, fluff and theory found in other trainings, books and courses.

The diehard indicator traders may not hold with this strategy, but I believe is great for the naked charts trader, even experienced naked charts traders can benefit from this book.

I enjoy it every time I get back and read information technology.

Dandy job to the writer!

...more

A very good read with genuine insight, especially for beginners. Great price action strategies, trading psychology, risk management, and backtesting information covered by the authors. But don't stop hither. Go on learning constantly. For me, combining the knowledge from this book and watching Loma's (FlashCrash) videos on YouTube helped me build my trading organization with ~74% win rate when backtested on btc charts from 2013 to nowadays.

Builds renewed conviction particularly if you've lost a lot of money

A very skillful read with 18-carat insight, particularly for beginners. Great price action strategies, trading psychology, risk management, and backtesting information covered by the authors. But don't stop hither. Proceed learning constantly. For me, combining the cognition from this book and watching Loma's (FlashCrash) videos on YouTube helped me build my trading system with ~74% win charge per unit when backtested on btc charts from 2013 to nowadays.

Builds renewed confidence especially if yous've lost a lot of coin to the markets, trading like a degen. Go on the discipline while trading and you'll surely discover consequent profits over the years.

...more

Apr 08, 2021 Ethan Ho rated it really liked it

Skilful for beginners, and we're talking REAL beginners

Overview of a few classic candlestick patterns. Nekritin abandons established terminology in favor of "kangaroo tails" (hammerhead), "last osculation" (it'southward literally just a breakout, calm down), and other silly names I can't even remember. Maybe these are entertaining to a beginner; I'grand no expert trader only the descriptions were pretty ridiculous. To its credit, in a earth of SVMs and overfit indicators, this book was a refreshing reminder that pric

Expert for beginners, and we're talking Existent beginners

Overview of a few archetype candlestick patterns. Nekritin abandons established terminology in favor of "kangaroo tails" (hammerhead), "concluding kiss" (it's literally just a breakout, calm down), and other featherbrained names I can't even retrieve. Perhaps these are entertaining to a beginner; I'm no expert trader but the descriptions were pretty ridiculous. To its credit, in a world of SVMs and overfit indicators, this book was a refreshing reminder that price is king.

...more

Fantabulous volume which is piece of cake to follow & is total of sound advice. It is pitched at the correct sort of level for someone who wants to learn how to be proficient trader. The website that goes with looks interesting. I will practice the gratuitous on-line course which is available on information technology one time you lot sign up. I am making notes on what I take learned & look forward to putting its ideas into practise to see if they work for me.

Simple just effective

This book provides an fantabulous forex trading foundation. The concepts are piece of cake to understand and employ. It likewise provides of import perspective to those who are serious nigh trading in the strange commutation market. This is an absolute must read for those who are new to foreign exchange trading and can also be of immense benefit to professional traders. I highly recommend this book.

Mar thirty, 2021 Chesco rated it really liked it

Actually useful book for entering into the realm of trading. I believe the techniques may not be very advanced, fifty-fifty though they may have high probability of success (which is what you're looking for at the end while trading).

I loved the psychology side of the book, and the self analysis part to sympathize yourself as a trader.

Really useful book for entering into the realm of trading. I believe the techniques may non exist very advanced, fifty-fifty though they may take loftier probability of success (which is what you're looking for at the end while trading).

I loved the psychology side of the book, and the self analysis part to empathize yourself every bit a trader.

...more than

Jan 07, 2020 Rick Lee rated it actually liked it

Solid materials here that teaches naked forex; how to merchandise without indicators and focusing on the price action & market construction. Even so, the movements of the marketplace is a lot unlike now than it was 8 years ago.

Swell Refresher

If y'all've run into a stump in trading, this book will assistance you proceeds back the confidence that you may have lost. The only thing I didn't like was that volume would reference visiting his site, simply the site either was no longer active or but outdated.

Jan 07, 2022 Mary Gred rated it really liked information technology

I was down to a point of depression until i was introduced to him and my life took a better turn i highly recommend y'all to him to help you trade your bitcoin and double your bitcoin for you contact him now for help WhatsApp: ‪+i (512) 943‑2328‬

Feb 22, 2020 Trung rated information technology really liked it

A easy read and useful book for beginners. Covering important information for new traders to start with.

Apr 03, 2020 Sangam Agarwal rated information technology really liked information technology

Must read for forex trader. This book is all about why should not be using indicator ? Naked nautical chart are the best

December 28, 2020 Sade rated it really liked it

Good book.. Very practical for beginners. Was near to start acting on things taught just decided to stick to the NNFX style of trading fx 😉

The Perfect Forex Volume to Read

Goodreads is hiring!

If you lot like books and honey to build cool products, we may be looking for you.
Learn more »

Related Articles

"A generation which ignores history has no past and no future."   This famous quotation, from science fiction grand master Robert A. Heinlein,...

Welcome back. Just a moment while we sign you in to your Goodreads account.

Source: https://www.goodreads.com/en/book/show/13838126

Posted by: mannsboothat.blogspot.com

Share this post