Forex Naked Trading

Naked can be defined as “clean”. In forex trading chart, naked can be described forex trading chart without any forex technical indicator. If there are no technical indicator plotted in the trading chart, how we analyze the market price ? naked trading is developed by senior expert traders, now naked trading method become the one of the most popular technique in Forex trading in order to identify the market trend.



How to use naked trading system ?

You have already heard about “naked trading” haven’t you ? yes, naked trading is already become familiar among forex traders in the world. Naked trading is forex trading method based on technical analysis without technical indicator such as Moving average, stochastic indicator, Relative strength index, Moving average convergence divergence MACD, parabolic sar or other technical indicators. Most forex traders still confuse about how to determine the market trend without any technical trading indicator?

Forex indicator is widely used by foreign exchange traders in the world, nevertheless it doesn’t mean good just because it widely used by most foreign exchange traders. In fact, trade is become confusing if you use so many forex technical indicators in a single chart and market price is become difficult to predict just because there are so many conflict between technical indicators.

In naked trading we use market price action, support and resistance, candlestick patterns and chart patterns. Naked trading is not strange trading method in forex market, indeed many forex technical traders choose to use naked trading in their trading activities. Because forex technical indicators have many weakness and they can not predict all market situation correctly.

Here is the main reason why we used naked trading as forex trading method . Most of technical indicators are lagging indicators. Traders will lose their trade if they only depend on technical indicators.