Naked trading is one style of trading that can be said without any technical indicators even though candlesticks themselves can be called indicators because they can be used to measure, analyze and identify the direction of prices in the forex market. Naked trading is widely used by traders who want to trade simply and not complicated because of indicators.
The advantages of naked trading are:
1. Simple, no need to bother studying various technical indicators
2. Simple, easy and uncomplicated analysis because it only focuses on candles, candle patterns and chart patterns
3. Clean, the chart looks clean, doesn't seem complicated because it's without indicators
4. Accurate, analysis by relying on the pattern and shape of the candle plus knowing the emotions of the market will be very accurate compared to the technical that often repaint.
The disadvantages of naked trading are:
1. It's hard to learn because not all traders match the naked style, most traders use indicators as a tool for analysis
2. Must master the price action strategy or market psychology, traders must know the market emotions from the shape / pattern of candles that occur.
If I myself am not interested in naked trading style because from the start the system and trading strategy I used 2-3 types of technical indicators. Since it has become my trading style, I am not interested in naked trading.
