Details

<p>Foreword ix</p> <p>Preface xi</p> <p>Acknowledgments xiii</p> <p><b>Part One Naked Forex Trading Revealed</b></p> <p>Chapter 1 The Fundamentals of Forex Trading 3</p> <p>Chapter 2 Avoiding a Trading Tragedy 9</p> <p>Chapter 3 Back-Testing Your System 25</p> <p>Chapter 4 Identifying Support and Resistance Zones 39</p> <p><b>Part Two Naked-Trading Methodology</b></p> <p>Chapter 5 The Last Kiss 73</p> <p>Chapter 6 The Big Shadow 95</p> <p>Chapter 7 Wammies and Moolahs 111</p> <p>Chapter 8 Kangaroo Tails 131</p> <p>Chapter 9 The Big Belt 151</p> <p>Chapter 10 The Trendy Kangaroo 163</p> <p>Chapter 11 Exiting the Trade 177</p> <p><b>Part Three Trading Psychology</b></p> <p>Chapter 12 The Forex Cycle 203</p> <p>Chapter 13 Creating Your Trading System 209</p> <p>Chapter 14 Becoming an Expert 229</p> <p>Chapter 15 Gaining Confidence 239</p> <p>Chapter 16 Managing Risk 249</p> <p>About the Trading Software and Video Tutorial 261</p> <p>About the Authors 263  </p> <p>Index 265</p>

<p><b>ALEXANDER NEKRITIN</b> 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. <p><b>WALTER PETERS, P<small>H</small>D,</b> 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.

<p>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 <i>Naked Forex</i>. <p>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 <i>Naked Forex</i>, Nekritin and Peters show you how to successfully trade this way. <p>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: <b>price is king</b>. 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. <p>Engaging and informative, this practical guide touches on many provocative topics, including: <ul><li>Is it possible to outwit some of the most determined, intelligent, and well-resourced traders in the world? Find out what it takes</li> <li>The concept of “zones” and the seven most important things you need to know about them</li> <li>Six key stages you must address for every trade</li> <li>Are you a runner or a gunner? When it comes to exiting a trade with money, it’s important to know</li> <li>The one secret expert traders all share, why boring is good, and six steps to becoming an expert </li> <li>Why understanding yourself is paramount. What is your attitude towards money? What are your biases? Find out how to find out</li></ul> <p>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 <i>Naked Forex</i>.

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