Printable View
yes my dear you can trade with out any kind of indicator for that you just need to do trade according to the running trend of the Forex market and if you are able to do this I think that you can make good amount of money from the Forex market.and it is also very safe to trade according to the trend of the market.
There are three styles in naked trading, including:
- Trading based on candlestick
- Trading based on chart patterns
- Trading based on support and ressistance
we have to choose one if you're interested in learning about trading without indicators
Actually i its possible ,cause there are some traders are used naked trading strategy.they have also lot of knowledge any trading analysis.But you use Fibonacci retrenchment,trend-line,horizontal line and others.make decision.
It's possible to trade without any indicators at all and many traders who became naked trading to be able to make analysis without any
indicators but it's easier to trade with indicators in my view. Besides, indicator is tool to make better decision so I prefer to use it in
certain session which is good timing to run it. I won't rely on indicators but I will use it when I need it.
Yes we can surely trade with or without indicators and trade without indicators is called "Naked Trading" but i never recommend it for the beginners in forex trading business to do naked trading because it may require more concentration, knowledge, experience and confidence. Beginners at their stage are not able to maintain their concentration and also not able to focus on different market events at the same time.
Yeah for that just now learning usually still confused how to read and as if the signal is given. when I myself have not used the trading naked, still wear indicator.
yes sir then how do we take the right position in the buy n sell decisions in the use of indicators that have been mentioned above sir, please sir enlightenment, thank you very much sir for your time, hopefully get the maximum profit sir, and do not forget also, hopefully, green bay ijoQuote:
Originally Posted by kudro1997
I think buy and sell position in naked trading by done by using resistance and support,there is many way to know the support and resistance,
like using trendline,fibonnaci retracement..But for now im learning how to use the psychological number,i think u should do it too..it is good for u to learn it if u want to do naked trading..
I can trade without any indicator. Just i see the candle sticks and analysis with viewing candlesticks. If any trader see this website: www.candlesticks.com. Candle sticks indicate what is the future trends. Many trader utilized the candle sticks of his sharp .Quote:
Originally Posted by akshay1728
We can negotiate without indicators is called as psychological beings based on time. U can be given based on price action during this time or at any time. either resale or anything long term trading can be.