Naked Forex Indicator-Free Trading Systems

Walter Peters has a doctorate in Psychology and he is a full time forex trader. Before he began trading forex he worked as a jury consultant, a clown and a smoothie chef. He trades for the DTS Fund and he works with traders through the website FXjake.com. Walter is a technical trader and takes a unique, “naked” approach to forex trading. Nearly all of the trading systems Walter uses and teaches are systems without technical indicators. Walter believes an understanding of cognitive psychology in general, and in particular cognitive biases, is useful for the forex trader.

In 2011, he released a DVD with FXStreet called “Naked Forex: Indicator-Free Trading Systems by Walter Peters”. Naked Forex trading – trading without indicators – is an often misunderstood trading strategy because it goes against the natural inclination that most traders have.