How To Use Bollinger Bands

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Bollinger Bands ® are among the most reliable and potent trading indicators traders can choose from. They can be used to read the trend strength, to time entries during range markets and to find potential market tops. The indicator is also not a lagging indicator because it always adjusts to price action in real time and uses volatility to adjust to the current environment. • In this video, we show you how to use Bollinger Bands ® to improve your chart reading skills and how to identify high probability trade entries. • • Bollinger Bands ® explained 101 • As the name implies, Bollinger Bands ® are price channels (bands) that are plotted above and below price. • The outer Bollinger Bands ® are based on price volatility, which means that they expand when the price fluctuates and trends strongly, and the Bands contract during sideways consolidations and low momentum trends. • By default, the Bollinger Bands ® are set to 2.0 Standard deviations which means that, from a statistical perspective, 95% of all the price action happens in between the channels. A move close to the, or outside of the outer Bollinger Bands ® shows a significant price move – more on that later. • The center of the Bollinger Bands ® is the 20-period moving average and the perfect addition to the volatility-based outer bands. • • • no investment advice - informational and entertainment purposes only * • Do you like my free YouTube videos? Then you will love the Tradecademy! In the Tradecademy, you find 80 brand-new and never-seen-before trading videos in a completely new trading course. Plus, you join a private discord community, live trading webinars and you can interact with me directly. • New: Tracademy - online trading academy • ► https://tradeciety.com/academy/ • Our weekly trading newsletter: • ► https://tradeciety.com/newsletter/ • Our trading journal: • ► https://edgewonk.com/ • Trading podcast: • ► https://tradeciety.com/podcast • #### • Risk Disclaimer: • https://tradeciety.com/risk-disclaimer • Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or market analysis is expressly excluded by Quantum Trade Solutions GmbH. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We, therefore, recommend that you contact your personal financial advisor before carrying out specific transactions and investments. • In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is not suitable for many people. You should carefully consider whether trading is appropriate for you based on your experience, your objectives, your financial situation and other relevant circumstances. • Information and Opinions: Information on this site is provided solely for informational or general educational purposes and should not be construed as an offer to sell or the solicitation of an offer to buy securities or to provide investment advice. The opinions and analyses included herein are based on sources believed to be reliable, but no representation or warranty, express or implied is made as to their accuracy, completeness, timeliness, or correctness. All information contained herein should be verified independently. • Results: Past performance is not necessarily indicative of future results. Investment information may not be appropriate for all investors. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. • #forex #trading #technicalanalysis

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