Understanding Forex Strategies With Tickmill

[uncle gober]

WEBINAR From TICKMILL

 

This webinar will teach you a simple, yet effective Bollinger band based Forex strategy.

Watch our webinar for the Forex starters and find out the fundamentals of Bollinger bands in Forex trading that every trader should know.

 

 

Bollinger Bands are a great indicator with many advantages, but unfortunately many traders don't know how to use this amazing indicator.

Bollinger Bands consist of three components:

A simple moving average

TWO standard deviations of this moving average (known as the Upper and Lower Bollinger Band).

 

So what are the characteristics of Bollinger Bands?

Depending on the settings, Bollinger Bands usually contain 99% of the closing prices. And in sideways markets, prices tend to wander from the Upper Bollinger Band to the Lower Bollinger Band. With this being the case, many traders use Bollinger Bands to trade a simple trend fading strategy: They SELL when prices move outside the Upper Bollinger Band and BUY when prices move outside the Lower Bollinger Band.