If you have any questions, comments, or opinion about Naked Forex by Alex Nekritin and Walter Peters, please feel free to discuss it on our Forex forum. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to 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! Wiley; January ISBN: Naked Forex by Alex Nekritin, Walter Peters – Book review. In the world of trading, there aren’t that many books that can make a buzz in the market. Among the few books, Naked Forex, authored by Alex Nekritin and Walter Peters is a book that has caught the fancy of many in the trading community
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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, naked forex by alex nekritin, long before computers and calculators, traders were trading naked, naked forex by alex nekritin.
Naked trading is the simplest and oldest trading method. It's simply trading without technical indicators, and that is exact A streamlined and highly effective approach to trading without indicatorsMost forex traders rely on technical analysis books written for stock, futures, and option traders.
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 chartBased on coauthor Walter Peters method of trading and managing money almost exclusively without indicatorsCoauthor 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!
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This book is not yet featured on Listopia. Add this book to naked forex by alex nekritin favorite list ». Community Reviews. Showing Naked forex by alex nekritin rating 4. Rating details. More filters. Sort order. Start your naked forex by alex nekritin of Naked Forex. Sep 15, Evil Evan rated it really liked it · review of another edition Shelves: trading. Overall, Naked Forex is a great book for those who are either new to forex or price action trading or are currently trading price action unsuccessfully.
There are three parts to this book. I'll be taking about the second part mostly, which covers six trading setups. A complaint that people often have 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 book for those who are either new to forex or price action trading or are currently trading price action unsuccessfully.
What Peters does is add more criteria to traditional setups, and then give the new setups silly names, which purportedly makes them more reliable the additional criteria, not the silly name. Another complaint that people have is that "this book is too simple".
But that is the point. Naked forex by alex nekritin explains that you don't want complex trading systems with too many rules. You want simple systems that work, and trade them properly in a disciplined manner, naked forex by alex nekritin.
Focus on things like correct execution and trading psychology, rather than fine-tuning the period of your EMA or adding another indicator. I am just starting to backtest these setups, so I can't comment on their effectiveness. But I have traded similar price action setups, and I think that these more specific setups look quite promising. The subtle differences in these setups to their traditional counterparts really 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 so often". I look forward to testing these setups, naked forex by alex nekritin. The silly names he gives setups, like whammies, moolahs and trendy kangaroo tails I found quite annoying. But brilliant setup names are not what we are looking for when reading a trading book.
The book is an easy read. Things naked forex by alex nekritin 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 short, and he does quickly come back to the main point, but he just does it so often that it does become a bit tiresome.
And do we really need 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. 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 as they are discussed. Often you have to flip or scroll several pages ahead, passing several other diagrams and paragraphs, before you 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 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 means the diagrams are where I need them. In summary, I Naked Forex clearly presents what is probably an effective trading methodology and several specific price action setups although I have not tested the setups. Your eyes will roll at the silly names, and glaze at the frequent redundant tangents, but in the end, you'll get what you wanted, naked forex by alex nekritin, and that is a plan on how to succeed at trading price action. flag 14 likes · Like · see review.
May 15, Rishi Kaushal rated it liked it · review of another edition Shelves: stocks-and-trading. A good book for the basics, but if you are beyond a beginner, you will have already have read most of the concepts discussed elsewhere. The 6 setups described in this book are common setups which any technical trader would have already known, though the author has given them fancy names, and added some variables to rule out poor trade setups.
Part III of the book Trading Psychology is the best part of the book, although if you are looking for guidance in that respect, I would recommend you re A good book for the basics, but if you are beyond a beginner, you will have already have read most of the concepts discussed elsewhere.
Part III of the book Trading Psychology is the best part of the book, although if you are looking for guidance in that respect, I would recommend you read Trading in the Zone. flag 5 likes · Like · see review. May 23, Saeed Mohamadi rated it it was ok · review of another edition. The author of this book is trying to explain some old well known technical analysis patterns in his own terms, and it wouldn't do any favor for anyone with some little experiences in the background, naked forex by alex nekritin.
but there was also a part 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 once in a while.
actual rating 2. flag 3 likes · Like · see review. Dec 06, naked forex by alex nekritin, Daniyal rated it it was ok · review of another edition Shelves: read The author Naked Forex takes a lot of well known concepts of technical analysis and gives them his own twist and renames them to something else in a pursuit of originality.
While this may not be a big deal to a naked forex by alex nekritin 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 likely the highest consumer of this kind of book.
This book will confuse beginner's a naked forex by alex nekritin 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 own twist naked forex by alex nekritin renames them to something else in a pursuit of originality. This book will confuse beginner's a lot especially later when they try to branch out to some actual reasons behind how and why these things are happening.
That said, the section on the psychology of trading was probably the most useful in this book, if you have this book and can read on section, you should skip past all the technicals and read the one about the psychology.
It goes over it well and in an easy to understand way. flag 2 likes · Like · see review.
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Naked Forex by Alex Nekritin, Walter Peters – Book review. In the world of trading, there aren’t that many books that can make a buzz in the market. Among the few books, Naked Forex, authored by Alex Nekritin and Walter Peters is a book that has caught the fancy of many in the trading community If you have any questions, comments, or opinion about Naked Forex by Alex Nekritin and Walter Peters, please feel free to discuss it on our Forex forum. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to knowledge. In this environment, Alex Nekritin and Walter Peters in Naked Forex: High-Probability Techniques for Trading without Indicators pro-vide an honest and effective presentation about forex trading that certainly beginners need, and that more experienced traders forget they need. Naked Forex makes some powerful points about trading forex
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