**Naked Trading**
* Involves analyzing price action without relying on technical indicators.
* Focuses on identifying key price levels, trends, and patterns.
* Requires a high level of experience and market knowledge.
**Price Action Trading**
* Similar to naked trading, but with a specific focus on price movement.
* Looks for candlestick patterns, support and resistance levels, and trend reversals.
* Requires patience and disciplined execution.
**Range Trading**
* Identifies a range within which the price oscillates.
* Buys or sells near the edges of the range, aiming for breakout or pullback profits.
* Requires a good understanding of support and resistance levels.
**Trend Following**
* Enters trades in the direction of the prevailing trend.
* Uses moving averages or trendlines to identify trend strength.
* Aims to capture large movements without trying to predict specific reversals.
**Scalping**
* Involves taking small profits over multiple trades in a short period.
* Requires quick execution and tight risk management.
* Focuses on exploiting tiny price movements.
**News Trading**
* Capitalizes on market reactions to important economic or political events.
* Requires fast reaction times and a deep understanding of the news’ potential impact.
* Can be highly volatile and requires strong risk tolerance.
**Breakout Trading**
* Enters trades when price breaks out of support or resistance levels.
* Can be done with or without using technical indicators.
* Requires a clear understanding of key levels and market sentiment.
**Reversal Trading**
* Looks for signs of trend reversals and enters trades accordingly.
* Often uses candlestick patterns or divergence indicators to identify potential turning points.
* Can be more challenging than trend following but offers significant profit potential.
**Risk Management Strategies for Indicator-Free Trading**
* **Position Sizing:** Use appropriate lot sizes based on account size and risk tolerance.
* **Stop-Loss Placement:** Establish precise stop-loss orders to limit potential losses.
* **Trailing Stops:** Adjust stop-loss levels as the trade progresses to protect profits.
* **Profit Targets:** Define profit objectives to avoid holding trades indefinitely.
* **Risk-Reward Ratio:** Ensure that the potential reward outweighs the potential risk.