Books Naked Forex: High-Probability Techniques for Trading Without Indicators Book by Alex Nekritin and Walter Peters

Naked Forex: High-Probability Techniques for Trading Without Indicators
By Alex Nekritin and Walter Peters

Overview:
Naked Forex presents a trading methodology focused exclusively on price action, trading "naked" without relying on technical indicators. The authors emphasize that this approach is both the simplest and one of the oldest forms of trading. Instead of complicated indicators, traders make decisions based solely on raw price movements, which the book argues is a superior way to gauge market sentiment and behavior.

Key Points:

Trading without technical indicators ensures the trader’s focus stays on current market price, which reflects sentiment and enthusiasm more accurately than lagging indicators.

The book offers specific price action setups with memorable names such as The Big Shadow, Wammies/Moolahs, and Trendy Kangaroo.

It stresses the responsibility traders face by removing excuses like “faulty indicators”; the naked trader accepts full accountability for results.

The latter chapters cover trading psychology, highlighting the importance of discipline and mindset, recommended for periodic review.

Suitable especially for traders frustrated by complex and conflicting indicators or those seeking a clearer, stripped-down approach.

Authors:

Alex Nekritin: CEO and President of TradersChoiceFX with over a decade of experience in equities, options, futures, and forex trading.

Walter Peters, PhD: A psychologist and full-time forex trader who applies cognitive psychology principles and trades extensively without indicators.

Reception:

The book is lauded by beginners and struggling traders for clarifying what is important in trading and providing usable tools.

Some reviewers note the presence of ads and redundancy; ratings vary widely but generally agree it’s a practical resource for those willing to adopt price action trading wholeheartedly.

Recommended for traders who want to simplify their charts and focus purely on market price.

Where to Find:

Available in paperback and eBook on Amazon, Google Play Books, AbeBooks, and other book retailers.

Published by Wiley Trading.

ISBN (common edition): 978-1118114018

Summary:
Naked Forex teaches traders to profit by cutting through noise and focusing solely on market price action. It equips readers with actionable setups and a mindset framework essential for trading without technical indicators.

1 BOOK