Alex Nekritin & Walter Peters 
Naked Forex 
High-Probability Techniques for Trading Without Indicators

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!

Table of Content

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

About the author

ALEXANDER NEKRITIN is the CEO and President of Traders Choice FX, 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 Trading Markets.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.