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Forex Training Secrets

Most of the people had never heard of trading the foreign exchange markets only a few years ago. The recent stock market crash in 2008 has made the word forex trading among the small investors popular. Much information is available online. A mass of information will become available for free. You just have to type in the word forex training in a search engine.

How To Use Bollinger Bands? (Part II)

Bollinger Bands are based on the standard deviation. A standard deviation is the measure of the spread of a set of number. The higher the difference between the closing prices of a currency pair and the average price, the larger the standard deviation and the volatility of the currency pair. 95% of the recent closing prices are expected to be within the two standard deviations of the currency pair when the markets are range bound. In a range bound market, in other words, if the price pops above or below the Bollinger Bands, it does not belong there.