Waterstones Naked Forex
799 ratings
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Price: £60.95
Brand: Waterstones
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 Traders Choice FX, one of the largest Forex introducing brokers in the world Naked Forex teaches traders how to profit the simple naked way!.
Category: Books
Merchant: Waterstones
Product ID: 9781118114018
Delivery cost: 0.00
ISBN: 9781118114018
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Author: Reda
Rating: 5
Review: This purchase was for my son, he enjoy reading it and he loved it
Author: Mr. R. Smith
Rating: 3
Review: I've read many trading books and this one is OK but didn't really advance my trading to a great degree. From my perspective it covered the concepts and trade set-ups in a very clear manner but the nature of the method means that very wide stops will always be used and the idea of taking half your profit at 1:1 and then moving your stop to break even just doesn't work for me. This means that in order to succeed the trader has to be right a lot of the time (and this is always going to be hard). I have to doubt about Walter Peters integrity or that he can make money using these methods. It is just that from a psychological perspective his method doesn't suit me. Trading is largely about finding a method with an edge and having the confidence to use it consistently over the long run. In my case this book wasn't of great help but that doesn't mean that someone else would feel the same way and it may well be very helpful to someone else. I'm not sure if my review helps a great deal but if you're interested in price action trading it may be worth the money.
