An 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.
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.
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.
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.
Today’s forex traders rely mostly on technical analysis books written for stock, futures, and options traders. Yet, long before computers and calculators, trading was handled without this complex and confusing array of indicators. Trading was . . . naked.