Naked Forex: High-probability Techniques For Trading Without Indicators Traduzido

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 · 405 ratings  · 42 reviews

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

Sep xv, 2015 Evil Evan rated information technology really liked information technology

Overall, Naked Forex is a great book 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 book. I'll be taking most the second function mostly, which covers vi trading setups.

A complaint that people ofttimes accept 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 toll action trading or are currently trading price action unsuccessfully. There are three parts to this book. I'll be taking virtually the 2nd part generally, which covers six trading setups.

A complaint that people often have with this book is that "he just renames traditional setups". Not truthful. People who say this may non accept read the book properly, or don't actually know the criteria for the traditional setups. What Peters does is add more criteria to traditional setups, and and then give the new setups silly names, which purportedly makes them more reliable (the boosted criteria, not the silly name).

Some other complaint that people have is that "this book is too simple". Only that is the bespeak. Peters explains that you don't want circuitous trading systems with too many rules. You lot want simple systems that work, and merchandise them properly in a disciplined way. Focus on things similar correct execution and trading psychology, rather than fine-tuning the menses of your EMA or calculation some other indicator.

I am just starting to backtest these setups, so I tin't annotate on their effectiveness. Just 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 brand 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 oftentimes". I expect forrad to testing these setups.

The silly names he gives setups, similar 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 volume is an easy read. Things are explained conspicuously and in elementary linguistic communication; even so, 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 chief signal, but he just does it and so oft that it does get a chip ho-hum. And do we really demand as long explanations for both the bearish and bullish version of every setup? Why tin't authors just say "and the bearish setup is exactly the same, except in the reverse direction." The repetitive and redundant nature of the writing makes me suspect that he was trying to fill space. Mayhap the publisher gave him a quota for the number of pages. These things are why I'm not giving the book v stars.

Diagrams are rarely on the same page as they are discussed. Oftentimes you have to flip or coil several pages ahead, passing several other diagrams and paragraphs, earlier you find the diagram which you are reading about. Lots of publishers exercise this to us. I approximate they want to salve pennies on paper or really care more about fitting everything all pretty on the folio 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 demand them.

In summary, I Naked Forex clearly presents what is probably an effective trading methodology and several specific price action setups (although I have non tested the setups). Your optics will roll at the empty-headed names, and glaze at the frequent redundant tangents, merely in the end, you'll get what you wanted, and that is a plan on how to succeed at trading cost action.

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A good book for the basics, but if you are beyond a beginner, you lot volition have already have read well-nigh of the concepts discussed elsewhere . The half dozen 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 merchandise setups. Part Iii of the volume (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, y'all will have already have read most of the concepts discussed elsewhere . The vi 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 function of the book, although if you lot are looking for guidance in that respect, I would recommend you read Trading in the Zone. ...more

The author of this book is trying to explicate some one-time well known technical analysis patterns in his own terms, and it wouldn't do whatsoever favor for anyone with some little experiences in the groundwork.
but there was too 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 2.5 star.

Saeed.

The author of this book is trying to explicate some old well known technical analysis patterns in his ain terms, and it wouldn't practise any favor for anyone with some little experiences in the background.
but there was also a part of the book nether the title of psychology of trading (the latest chapters)that i liked and i would recommend to myself and whatsoever traders to review them once in a while.
actual rating 2.five star.

Saeed.

...more than

Jan 28, 2019 Kat rated it did not like it

Avoid this volume at all costs. Those who already know something about forex will understand straight away that the content is worthless. Those who are new - this book volition requite you lot a distorted view of what it takes to be profitable. It does not cover all the aspects in a balanced way therefore is dangerously misleading. In addition, it is written in a cavalier manner. Instead of educating you to ameliorate, the bulletin is that it doesn't matter that y'all are a chip stupid, you tin can yet make it.. Avoid this book at all costs. Those who already know something nigh forex will understand directly abroad that the content is worthless. Those who are new - this volume will requite you a distorted view of what it takes to be profitable. It does not cover all the aspects in a balanced mode therefore is dangerously misleading. In add-on, information technology is written in a condescending manner. Instead of educating you to ameliorate, the bulletin is that it doesn't matter that you are a fleck stupid, yous can still make it.... No, thanks. ...more than

Mar 01, 2021 Ayesh Perera rated it it was amazing

Really some skillful advice to practise. This is a book that I'll exist revisiting a lot for 2021. Really some skillful advice to practise. This is a book that I'll exist revisiting a lot for 2021. ...more

April eleven, 2018 Maxim Shilo rated it it was amazing

I am learning to trade FX markets.

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

The indicator-based trader also has the added advantage of an indicator to blame when things go awry; the naked trader can blame no ane merely the market place for losing trades. This is a subtle but very of import difference indicate of reference for the naked trader. All trading involves an aspect of luck. All traders experience a lucky streak of winning trades and an u

I am learning to trade FX markets.

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

The indicator-based trader also has the added advantage of an indicator to blame when things get awry; the naked trader tin can arraign no 1 but the market for losing trades. This is a subtle simply very important divergence point of reference for the naked trader. All trading involves an attribute of luck. All traders experience 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 responsibility for their trading results.If you lot find yourself saying something similar, yous are probably a terrible-organisation trader. If yous are constantly irresolute trading systems, particularly after a losing streak, you are a terrible-arrangement trader. All terriblesystem traders blame the organisation when finding profits becomes difficult.Traders around the world take plant that adopting naked-trading strategies means letting become of a merchandise. There are no indicators to give false signals, in that location are no settings to tweak; at that place is simply the market cost and the trading decision. Naked traders accept a truthful advantage considering the focus of the trade is the current market place price. There is no better indicator of the sentiment, mental attitude, or exuberance of the market than the current market price. Naked traders brand the current marketplace toll their indicator.
Where has the market place moved since I entered my merchandise?
If I looked at the market place now, would I take the same trade?
How practice I feel about my trade?
What do I like about this trade at present?
What do I dislike nearly this trade now?
On a scale of i (poor decision) to x (great decision), where would I rank this merchandise now?
If I were not in a trade now, would I take the opposite merchandise?Market Biofeedback is the one area that virtually traders neglect, almost traders are not quite aware of this process. Past paying attending to Market Biofeedback over time, y'all will be able to become aware of, and eventually command your trading behaviors. This volition let you lot to take a big footstep towards consistent profits.You have to pay close attention to one thing on the chart if y'all trade naked: price. Price is rex. Price volition tell y'all all you need to know.

one. Zones are an area, not a price betoken.
2. Zones are like fine wine; they go improve with age.
3. Zones are spots on the nautical chart where cost reverses, repeatedly.
4. Zones may be extreme highs or lows on the chart.
v. Zones are where naked traders find trading opportunities.
6. Support and resistance zones rarely need to be modified.
7. Line charts aid naked traders find zones.
8. Zones are oft seen by many traders.
It is admittedly critical that the naked trader identifies the zones on the chart. These zones are the foundation of naked trading.If the market trades across the zone it does non mean that the market has cleaved the zone. This is an of import and disquisitional bespeak for the naked trader. Recall zones are beer bellies, they are squishy, they are fat, and they consist of a wide range on the chart. This means that sometimes the market will button into the zone, and it may look similar the market place has cleaved beyond the zone, this is often not the case.The key to successful trading is to wait for the very all-time trading opportunities. These opportunities occur when the market reaches a well-defined zone and then prints a catalyst. These are golden opportunities.
The first is to place the support and resistance zones, the 2nd is to look for the market to attain one of these zones, and the tertiary is to take a trade in one case a catalyst prints on i of these zones.Catalysts are powerful toll patterns. These simple price patterns advise what the market may practice one time the market reaches a zone.

The last-buss trade is a nice way to trade high-probability breakout trades. Here are the steps for the last-kiss merchandise:
Wait for price to consolidate in a box between two zones.
The box should have at least two touches on both zones.
Await for price to intermission beyond one of the zones.
Once toll returns back to the consolidation box, wait for the market place to impress a final-kiss candlestick on the edge of the box. The Last Kiss
For sell trades, a sell cease is placed below the low of the concluding-kiss candlestick, and for buy trades, a purchase finish is placed above the high of the concluding-osculation candlestick.
Emergency cease 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 loftier probability merchandise ready-ups. Once the big shadow prints on a zone, we have a valuable hint that the marketplace may soon turn around. The important thing is this: The big shadow must print on a zone.The bike of doom makes sense to the trader who is convinced that profits come from trading systems. The problem is this: Profits do not come from trading systems. Profits come from traders. Traders find profits in the markets, and the tool (trading organisation) used to extract these profits is non every bit essential equally the trader's execution. The fatal error that most traders make is to assume that trading systems are responsible for profits.The first pace toward profitability is identifying that you lot have been stuck in the bike of doom. The key to breaking the cycle is to recognize that the trading organization is not responsible for trading profits or losses. You are responsible for trading profits and losses.It is possible to defeat the wheel of doom. I have done it, and many other naked traders take also broken the cycle. You tin can certainly defeat the cycle of doom. Y'all must want to become a professional person trader. If you desire to trade consistently, and if you desire to find profits, it may be all-time for you to stick to a trading system that you believe in.Yous are the type of trader who must create your own trading system. You must trade a system that is completely yours. The rules of your trading arrangement volition define how y'all interact with the marketplace. It may seem like this is a very small particular, simply in fact it is the definition of the game. Those traders who exercise not have rules—and many traders enter the market without rules—are just gambling. It is important for you lot to define what your system rules are, if but for the fact that having them in front of you volition help to remind you that yous accept a method for extracting profits.In fact, impatient traders make very good scalpers.
The point at which you can identify a trade, accept the risk associated with the

merchandise, and get a good night of sleep. 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 too much risk associated with the trade, and it should exist reduced to the sleeping point.
If something is not working, step away, re-analyze your trades, and and so come up back to the markets. Stepping away from the markets will give your mind and your body time to rest, and you volition exist much better for information technology when you lot come back to the markets."The market is constantly sending data to market participants. What will you do with that information? Will you accept market information and use it to adjust your entry strategy?Some of the very best traders in the earth share a unproblematic undercover: They use extremely simple and yet powerful, trading systems. The best traders in the earth—hedge fund traders, banking concern traders, individual millionaire traders you lot will never hear from—all have one thing in mutual: These people are experts. They practise one matter.You probably know a gambler or ii disguised as a trader. This is the departure betwixt a trader and a gambler: A gambler has no hazard management, and a gambler is willing to lose large amounts of coin quickly. A trader treats each trade as a calculated risk and manages each trade according to his system rules. Gamblers can lose all the money at one time, and traders lose only as much coin equally their system will allow. The distinguishing factor is that a gambler does not follow risk direction rules, whereas a trader follows strict chance management controls.Skilful traders do more than simply follow strict run a risk management controls; they also concentrate on i trading technique. This is the real hole-and-corner of proficient traders: They focus on 1 market, i trading arrangement, i border, and they use this edge in their trading repeatedly. Profitable trading is boring. Profitable traders are experts, and these adept traders do one matter over and over again.
Why do profitable traders limit themselves? The respond is simple: Profitable traders know what makes money. Profitable traders trade to make money. If you would like to make coin as a trader, do what the experts do. Become good at trading 1 organization. You know how to do this now. All yous need is in this book. You only demand to put the work in, practise, and become an adept with a trading arrangement that makes sense to you, and so merchandise 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, merely entire hedge funds are built on one idea. Hedge-fund traders often have one border, and they use this border in their trading. Now, some hedge funds may have several traders, each with his own edge, but to be a successful trader you merely have to have i thing that you are very good at, so you practice this ane thing over and over over again.The most successful traders I know follow this rule. The traders that struggle, the traders who have difficulty finding consistent profits, are the ones who repeatedly change their systems, reanalyzing and reorganizing their trading rules. In other words, they are still stuck in the cycle of doom. The key to breaking the wheel of doom is to decide what makes sense to you lot, which of the trading systems in this book resonate with you. Once y'all accept called one, you simply need to exam it over and over over again. Then utilize this organisation, concentrate on post-obit your system rules, and watch your confidence grow.Exciting trading is exciting because it is akin to gambling. Gambling is exciting. This is precisely why risking too much on any given trade is exciting. Trading should exist fun, just if it is exciting. It is a sign that the organisation is unproven or you are risking too much.
In fact, confidence is the nigh important ingredient for trading success. Confidence will help you profit with an average trading arrangement, but without confidence you will exist unable to find success, even with a vivid trading organisation.

You will find that there are 2 different types of confidence problems for forex traders: (1) a lack of confidence in the trading organisation, or (ii) a lack of confidence in yourself.How to create a trading plan -->
Are you a market specialist or a trade specialist?
How many hours of daily screen fourth dimension do yous allow yourself?
Which trading session (European, Asian, or North American) do you trade?
Which timeframes will you merchandise? Creating Your Trading Organization
Which trading ready-ups do yous trade?
Which exit strategies do you use?
How much estimation practise y'all have when placing trades? How much interpretation do you have when exiting trades? What is your maximum hazard per trade?
What is your maximum weekly drawdown?
What is y'all maximum monthly drawdown?
How do y'all deal with drawdowns?
How will you regain confidence after a maximum drawdown? What volition you lot do to ensure you are physically fit to trade? What will you do to ensure yous are psychologically fit to trade?
The majority of the book in forex is from the banks and private funds, not the retail traders. The retail traders make up nearly 1 percent of all the forex trading volume each day.

The not bad thing for the naked trader is that naked trading systems are based on market psychology. The naked trading systems yous have learned in this book are based on the psychology of the market participants. They are likely to concord for as long as humans participate in the markets.One matter that many traders fail to recognize is the intricate relationship between what you lot gamble and the emotions you lot experience during trading. In fact, gamble and trading psychology are two sides of the same coin.Yous are the one who knows whether you will make money or non, even though you may not have conscious access to this information. Most traders do not admit this fact: Your behavior bulldoze your behaviors. This includes your trading behaviors. If you lot believe you lot are worthy of trading profits, you lot volition be able to make money. If you practise not believe your trading volition lead to profits, yous volition non be able to consistently make money. It doesn't affair if yous make up one's mind to piece of work in business or in trading. Your behavior, whether they are attainable to you consciously, will drive your behaviors.You win (or lose) because of your beliefs. Specifically, of course I am talking nigh 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, perhaps more than probable, if you are a burgeoning trader, looking to establish reliable trading method to pull profits from the market. The aforementioned principles utilise to all people looking to make money. Your beliefs about money, and how worthy y'all believe yous are of money will decide whether or not you make money trading.If you believe you are worthy of trading profits you lot will find they come much more easily.Your beliefs near money can decide how much coin comes your style. If yous believe money is good and you are worthy of wealth, money is more likely to come your style.
Seeing yourself making money is the first step to trading success. If you believe wealthy people are moral and good, you are more probable to become ane of these people. Likewise, if you know that yous will be making money, if you are confident that you have the skills to achieve wealth, y'all are on your way to condign wealthy.
Take a chance MANAGEMENT - Super important.

There are very few laws for trading, but this is one of them: Improper risk management leads to emotional trading problems. Win or lose, if you risk too much on a trade, you will suffer emotional problems. Information technology is not only with the losing trades that improper risk management rears its caput. Improper run a risk management—risking besides much on a merchandise—leads to emotional issues, even if the merchandise is successful. If too much risk is placed in a trade and it ends up a winner, overconfidence, irrational exuberance, and sloppy trade execution may be the event. If as well much risk is placed in a trade that ends up being a loser, whatsoever number of results may occur: trading rules may exist ignored, psychological despair may result, and the management of the merchandise will virtually e'er be exceptionally poor. There is no fashion effectually this law of trading.
Emotional problems volition creep into your trading regardless of whether you similar it. You recollect that you keep your emotions out of your trading, just, for most traders, this is not true. Nearly traders get extremely upset later on a losing streak, or a losing trade, or missing out on a great trade opportunity. Under most circumstances traders accept a very difficult fourth dimension removing emotion from trading decisions.The simply subversive trading is trading that is non according to your rules. Then whether it is emotional trading or logical trading, if you trade in a manner that is not consistent with you rules, y'all are trading in a destructive matter.
The number-one trading skill you need to succeed as a trader is the ability to protect your trading account.
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 defense. Professional traders are very good at playing defense.To succeed you will need a good for you 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 common thread amongst these stories.
Each of these people share one affair in common: determination. You simply must have determination to succeed in trading (or any other endeavor). All successful people share determination. Your decision will guide you to trading expertise in the class of all the hours spent in front of charts, dorsum-testing. Your conclusion will yield resourcefulness when information technology is needed nearly, during drawdowns and when your confidence is shaken. Your determination will help help you to run across your success earlier information technology appears. Determination is your ride to success. Let it carry you to where yous want to be.

Yous know what to do now. The question remains: Are you determined to succeed equally a naked trader?

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

Erm. A1 for the cover. F for the flimsy pages.
Great book for beginners. Uses ridiculous names for double peak, double bottom, pinbars and engulfing candles. Naked trading is more technical than indicators equally information technology requires in depth reading of candles from college time frame analysis downwards to lower time frame for behavior and entries.

Disappointed to exist honest. I would return information technology but I used a highlighter on the first few pages as the intro was skilful.

Shame.

Dec 06, 2018 Daniyal rated it it was ok

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

This book will confuse beginner'south a lot specially later when they endeavor to branch out to some actual reasons

The writer Naked Forex takes a lot of well known concepts of technical assay and gives them his own twist and renames them to something else in a pursuit of originality. While this may not be a large deal 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 virtually likely the highest consumer of this kind of volume.

This book will confuse beginner's a lot especially later when they effort to branch out to some actual reasons behind how and why these things are happening. It is equally if this person gave a mathematical formula and told you to just memorize information technology because 90% of the time it works every fourth dimension.

That said, the section on the psychology of trading was probably the most useful in this book, if yous have this book and tin read on section, you should skip by all the technicals and read the one near the psychology. It goes over it well and in an like shooting fish in a barrel to understand manner.

two-stars considering this volume was but okay, and not worth recommending to others.

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The strategies covered are helpful to the more than novice trader. You will hear a lot of conflicting opinions due to people's personal preference, strategies, and market place psychology. At the end of the day I recollect this is 1 of the better books in the realm of strategy. If you lot are looking towards the psychology aspect of the book which is talked about in subsequently chapters I strongly suggest looking elsewhere. All and all this book serves its purpose which is to teach! four out of 5.

November 22, 2015 Tadas Talaikis rated it did not similar it

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

Here's rhe reality. You can generate random data, dispaly on charts and observe a lot of "back up" and "resistance" "zones" on those charts.

Hither'south example:

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

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

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

Hither'south instance:

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

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Jan 31, 2015 hmhsylm rated it it was ok

Boring due to likewise-piffling knowledge and too obvious already-known information explained in shallow manner.

Feb 03, 2020 Tony WANG rated it really liked it

I too realised a lot of the principles in this book, both the technical and psychology aspect of trading, are simply recycled from other classic trading books. Even so this book is succinct enough to cover many important facets of trading with many illustrated examples.

The "retouch principle" states that price breakout out of consolidation box normally follows a "concluding-kiss" candle i.e. the price will take off after the tail touches the back up/resistance zone similar a "kiss goodbye".

The "kangaroo-

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

The "retouch principle" states that cost breakout out of consolidation box usually follows a "last-kiss" candle i.due east. the price will accept off after the tail touches the back up/resistance zone like a "osculation farewell".

The "kangaroo-tail" at price reversals is basically the classic forenoon star/hanging man. If appeared on a bullish uptrend, aka the "uptrend bullish kangaroo-tail", means buyer heavy and seller'southward failed effort to push downwardly toll. 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 author believes this after-weekend gap will be airtight on the first trading day of the calendar week.

The "big-shadows" trade is basically the classic bullish/bearish engulfing at price reversals. Be patient! Go long, go curt or become line-fishing!

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

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

Also, an important takeaway - Successful and profitable trading often is boring. Exciting trading is akin to gambling. Keep it uncomplicated, Stupid.

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

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

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

In add-on, the author focuses on keeping forex naked trading every bit 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

Equally a consummate beginner, this book is a gem, 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 signal, simplicity. I beloved that near the book.

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

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

I enjoy it every fourth dimension I get back and read it.

Great chore to the author!

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A very good read with genuine insight, especially for beginners. Smashing price action strategies, trading psychology, hazard management, and backtesting data covered by the authors. But don't terminate here. Proceed learning constantly. For me, combining the noesis from this book and watching Hill's (FlashCrash) videos on YouTube helped me build my trading system with ~74% win rate when backtested on btc charts from 2013 to present.

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

A very good read with 18-carat insight, peculiarly for beginners. Dandy price action strategies, trading psychology, risk management, and backtesting information covered by the authors. Only don't terminate here. Keep learning constantly. For me, combining the cognition from this book and watching Colina's (FlashCrash) videos on YouTube helped me build my trading system with ~74% win rate when backtested on btc charts from 2013 to nowadays.

Builds renewed confidence specially if you've lost a lot of money to the markets, trading like a degen. Keep the discipline while trading and you'll surely discover consistent profits over the years.

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Apr 08, 2021 Ethan Ho rated it really liked it

Good for beginners, and nosotros're talking REAL beginners

Overview of a few archetype candlestick patterns. Nekritin abandons established terminology in favor of "kangaroo tails" (hammerhead), "final buss" (it'south literally just a breakout, calm downwardly), and other silly names I can't fifty-fifty think. Maybe these are entertaining to a beginner; I'thousand no adept trader but the descriptions were pretty ridiculous. To its credit, in a globe of SVMs and overfit indicators, this book was a refreshing reminder that pric

Good for beginners, and we're talking Existent beginners

Overview of a few classic candlestick patterns. Nekritin abandons established terminology in favor of "kangaroo tails" (hammerhead), "terminal buss" (it's literally just a breakout, calm down), and other featherbrained names I can't fifty-fifty remember. Maybe these are entertaining to a beginner; I'm no expert trader only the descriptions were pretty ridiculous. To its credit, in a globe of SVMs and overfit indicators, this book was a refreshing reminder that price is king.

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Excellent book which is like shooting fish in a barrel to follow & is full of sound communication. It is pitched at the right sort of level for someone who wants to learn how to be good trader. The website that goes with looks interesting. I will do the costless on-line course which is bachelor on it once you sign upwardly. I am making notes on what I have learned & look forrad to putting its ideas into practice to see if they work for me.

Simple but effective

This volume provides an splendid forex trading foundation. The concepts are like shooting fish in a barrel to understand and apply. Information technology also provides important perspective to those who are serious about trading in the foreign exchange market. This is an absolute must read for those who are new to foreign commutation trading and can also be of immense do good to professional traders. I highly recommend this book.

Mar 30, 2021 Chesco rated information technology really liked it

Really useful book for entering into the realm of trading. I believe the techniques may not be very avant-garde, even though they may have loftier probability of success (which is what y'all're looking for at the end while trading).

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

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

I loved the psychology side of the book, and the cocky assay part to understand yourself as a trader.

...more

Jan 07, 2020 Rick Lee rated it really liked it

Solid materials here that teaches naked forex; how to trade without indicators and focusing on the price action & market place structure. Withal, the movements of the market is a lot unlike now than information technology was viii years agone.

Great Refresher

If yous've encounter a stump in trading, this volume will aid you gain dorsum the conviction that you may take lost. The just thing I didn't like was that volume would reference visiting his site, but the site either was no longer agile or simply outdated.

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 get-go with.

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

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

December 28, 2020 Sade rated it really liked it

Expert book.. Very practical for beginners. Was nearly to start acting on things taught but decided to stick to the NNFX style of trading fx 😉

The Perfect Forex Book to Read

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