Question Details

	Username: ForexGuy Rating: Asked to: Goro Yang Date Created: 13 May 2015
Category	25
Tag	108
Question	<p>How to use Bollinger bands?</p>

Advice from Guru

Hi Forex Guy,

Bollinger Bands® are one of the most popular technical indicators for traders in any financial market, whether investors are trading stocks, bonds or foreign exchange (FX). Many traders use Bollinger Bands® to determine overbought and oversold levels, selling when price touches the upper Bollinger Band® and buying when it hits the lower Bollinger Band®. In range-bound markets, this technique works well, as prices travel between the two bands like balls bouncing off the walls of a racquetball court. However, Bollinger Bands® don't always give accurate buy and sell signals.

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