Forex Trading Tools and Methods (+)

«Naked Forex High-Probability Techniques for Trading without Indicators» by Alex Nekritin and Walter Peters

Alex Nekritin and Walter Peters in «Naked Forex High-Probability Techniques for Trading without Indicators»..The book «Naked Forex High-Probability Techniques for Trading without Indicators» presents the world's oldest trading style, which is trading naked charts without adding any technical indicator. Traders using naked charts start by determining major support and resistance and later focus on the price action near these levels.

These are some strong points made in the book:

 

Essential Steps for Successful Trading

 

These are the five steps:

(1) First comes the chart analysis

TRADING WITH PIVOTS & PETER BAIN'S METHODS

The trading coach Peter Bain has created a Forex trading method based mainly on pivot points. In this article, we are going to investigate his general trading approach.

The trading coach Peter Bain has created a Forex trading method based mainly on pivot points...

Highlights of the Peter Bain’s Trading Methods

  1. Calculate the Pivots Points based on the past 24 hours and the past 7 days (The average daily range has to be fulfilled before the session is over)
  2. Seek for price breakouts (trendlines/channels)
  3. Confirm with MACD divergences
  4. Identify chart and candlestick formations (double tops/bottoms, hammers, spinning tops, railway tracks, etc.)
  5. Focus on four charts (Daily, Hourly, 15-minutes and 5-minutes)
  6. Avoid trading during news releases as in this case, technical analysis becomes weak

Heikin-Ashi Forex Trading Strategy (Based on Joseph Nameth)

The following trading strategy aims to follow strong trends in the Foreign Exchange market. It is based on the daily Heikin-Ashi chart for identifying and confirming the trend, while the trigger is based on a Range/Renko chart. This strategy was originally presented by Joseph Nameth as a multi-timeframe trading strategy, however, for educational purposes, we are only using the Daily chart to make things easier.

The following Heikin-Ashi trading strategy aims to follow strong trends in the Foreign Exchange market...

Implementing the Trading Strategy in 3 Steps

Highlights

  1. Determining a strong trend on a daily (D1) Heikin-Ashi chart (alternatively a 4-hour chart)
  2. Confirming the trend with the EMA(20)
  3. Using a trigger based on a Renko/Range chart

Trading Fx Currencies

Success in Currency Trading comes when experience meets perfect information...

Trading the Foreign Exchange Market

Focus constantly on improving your trading process and money will flow naturally:

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The Forex Market

Trade ECN Forex

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Foreign Exchange

The Foreign Exchange Market is the largest Financial Market in the world with daily volumes of more than 4 trillion USD. When trading Forex you need a reliable and high-regulated Forex broker and a trading strategy that works:

(i) Introduction to Forex Trading

(ii) Forex Brokers for Traders

(iii) Major Currency Pairs

(iv) Trading Rebate Plans

(v) Automated Forex Systems

Global Markets

Trading the Financial Markets requires a perfect understanding of how demand and supply shift from time to time. Equities tend to follow bullish cycles lasting 7-9 years, and after, bearish cycles lasting 3-4 years. Energies tend to follow annual time patterns while Precious Metals tend to follow longer time cycles:

(i) Gold Trading

(ii) Crude Oil Trading

(iii) Cryptocurrencies

(iv) Stock Market Indices

Learning

If you are a trader, learning is a non-stop process. CarryTrader offers a wide variety of educational resources including trade tools, techniques, and strategies:

(i) Currency Indices

(ii) Famous Investors

(iii) Technical Analysis

(iv) Brokers for Carry Traders

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