A:Bollinger Bolliger are popular with technical analysts and traders in all markets, including forex. Since traders of currency look for very incremental moves to profit, recognizing volatility and trend changes quickly is essential. Bollinger Bands help by signaling changes in volatility. For generally steady ranges of a security, such as many currency pairs, Bollinger Bands act as relatively clear signals for buying and selling.
This can result in stop-outs and frustrating losses, though, so traders consider other factors when placing trades in relation to the Bollinger Bands. Setting LimitsFirst, a trader must understand how Bollinger Bands are set up. In times of high volatility, they widen, while in times of low on, they move closer together. So basically, corex adjust to the movement and volatility of the market.
This extra volatility filter is the real value of this tool.There are forwx conditions we look for in a trading opportunity. The upper one is tradimg maximum positive deviation and the lower o.