Naked Forex: High-Probability Techniques for Trading Without Indicators

The title of this book is very interesting. Besides, there are free stuff (trading software and video tutorial). As such, since I am lack of investment books on my shelf... I guess this is the right time to turn my attention to this book...

End up… Gosh! What a disappointed book! There is little new under the sun. “Kangaroo tails”, “big shadows”, “ladder exits” and whatever names that are given by the author are just new names to replace the same ideas that existed long time ago. In fact, those new names are created to emphasize that there is a new concept, namely “naked trading”. Newbies may find it amazing. But, old and bold players know that those stuff are available for free everywhere in the internet. In fact, the definition of “naked trading” is kind of misleading too. The author intends to remove all indicators, so that a “naked” chart is available for readers to interpret. At the end, what are the differences if those indicators are replaced by patterns of charting? If “price” is the key, I humbly think that we need nothing except the “price”!!! Naked Trading? More like a disguised “naked trading”!!!

Furthermore, free stuff (trading software and video tutorial) as mentioned are very annoying at the end. I did surf through and found out that those are just some courses by the author and there is really nothing special in it. Now, I doubt whether the author has time to trade FX… In between running his website and surfing, I think he got no time to implement his “sophisticated” method in trading…

Having said that, this book still offers some nice stuff… Putting aside those sophisticated new name (on old concepts), most of the concepts discussed actually proven to work more often than they do not. Besides, the author did put his effort to illustrate in details on every setup. That in itself makes this a worthwhile book for those who are new to trading. As for me, I just could not accept those new names and the “misleading” definition of “naked trading”. As such, this book does not deserve a place on my shelf and I am going to rate it at 1/10 because of that.  What a disappointment…