Watch the testing video here:
Forex Bollinger Bands Strategy Introduction
Bollinger Bands indicator is my favorite trading tool to help me succeed in trading. I like it because there are many bollinger bands strategies which can apply to this single Bollinger Bands indicator. And that are what I’m going to teach you in this post.
I don’t like to waste a lot of my time and you should too because time is gold and that’s why I’m keeping this post short and to the point. That way you never get bored and easy to digest this information provided in this post.
An introduction of Bollinger bands:
The indicator is developed by John Bollinger and the main purpose or the use of this indicator is to measure market volatility.
When the Bollinger Band is expanding, then it shows that the market volatility is great or yet increasing.
When the Bollinger Bands is contracting, then it indicates that the market is not volatile and most of the case the market is consolidating.
By understanding the basics above, you can use Bollinger Bands to trade at any direction/trend of the market easily.
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