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, by Alex Nekritin
Free Download , by Alex Nekritin
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Product details
File Size: 4544 KB
Print Length: 288 pages
Publisher: Wiley; 1 edition (January 25, 2012)
Publication Date: January 25, 2012
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B0072M0T1E
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Amazon Best Sellers Rank:
#135,227 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Well, when we want to write a review we must go into the details and mention the technical points of the book and its pros and cons specifically:I have read some of the reviews. Some argued that the stuffs in the book is easy to find all over the internet, like kangaroo tails are hammers and shooting stars, big shadows are classic engulfing patterns and so on. That's right; but as a trader who just found his way into decent profiting after struggling for 5 years I must say that one mistake many make is they tend to brag about their system: fancy indicators on the charts, ellliot waves theory and so on.. But at the end of the day the goal is just to make money and what I found during these years is that the best way to make money is sticking to price action, support and resistance and trading higher time frames (H4 at least). Even the experienced traders can learn one or two good insights from the book that although they seem nothing special they are very helpful in filtering the bad trades for them, and also psychology part is very straightforward and practical. In summery here are the positive and negative points of the book in my view:Positive Points:1. This book is straight to the point and practical and very easy and fun to read.2. The focus on candlesticks and price action (most of the refined classic setups mentioned there are great) for a novice trader instead for indicators is priceless.3. The psychology part is also very direct and practical specially the pressure the author put on back testing (He even says back test my ideas first).4. Author insisted that trading higher time frames are easier and more profitable to trade an that's 100 percent true.Negative Points:1. I don't agree with last kiss setup and wammies and moolahs (I think they are not as strong as the other setups because the focus is more on the zones instead of candlesticks in these two setups).2. Author must mentioned the use of multiple time frame analysis in the setups for completing his ideas.3. He must mentioned the importance of some news like NFP that may destroy technical setup in a part.I think everyone must read this book but for novice traders it would be a great shortcut to profitable trading.
Much has been made about the techniques being presented as being simply very old price action trading renamed. That doesn't do this work justice. I had long ago tried price action trading and given it up as "not working". The value-added in this work is in the little tweaks applied to the old techniques, that, in my opinion makes them quite viable, eg, additional qualifiers on the pin bar or "kangaroo tail" as it were that makes it a much higher percentage play. It's possible those tweaks are available elsewhere, but I haven't seen them.I've demo traded this method successfully and gone on to live.While the other knock on this is the links to Peters' course work, the book by itself is self-contained, in my opinion. Any additional courses are unnecessary if you can understand and apply the book.All in all: superb and valuable.
Naked Forex is a great book so far. I started reading the book and I couldn't put it down. It is well written and unco plicated in it's core principal of trading naked.
Naked Forex is by far the most informative book on forex trading I've come across. Having read numerous books attempting to get started trading, I felt myself feeling frustrated and confused. I now have an excellent place to start and a strategy I am comfortable with. I encourage anyone determined to learn forex trading to GET THIS BOOK!
This is a good book but then quickly becomes an upsale for the monthly membership forum which leads to other products. The examples are good, names of some of the technicals are merely reworded from originals. Google is better
i usually dont write alot of reviews...i guess i'm hard to please. but after reading this book...i gotta say i'm pretty impressed. let me be simple and to the point as i can. if you follow the directions in the book and follow the steps outlined you will make money. how consistent you are and how much you make will depend on your discipline and your willingness to work hard. good luck!
These guys give a new trader three things he really needs:1) real useable, complete, detailed strategies2) a method of accelerated trading practice that won't cost money3) a method to determine when you're ready to trade real money in the real market.They also share some useful insights on trading psychology, but the three things above make it worth the price of admission for new traders.
Good beginner information, but you can find all this information for free online. Do not purchase this book, just google price action trading.
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May 30, 2010
