Understanding the Basics of Bollinger Bands: A Beginner’s Guide When it comes to trading in the forex market, having the right tools at your disposal can make all the difference. One such tool that many traders use is the Bollinger Bands, a technical analysis tool created by John Bollinger in the early 1980s. In this article, we will explore the basics of Bollinger Bands and how you can use them to improve your trading strategy. What are Bollinger Bands? Bollinger Bands are a technical analysis tool that consists of a simple moving average (SMA) and two standard deviations plotted above and below the SMA. The bands expand and contract based on market volatility, with wider bands indicating higher volatility and narrower bands indicating lower volatility. How to Use Bollinger Bands There are several ways that traders can use Bollinger Bands to inform their trading decisions: Identifying overbought and oversold conditions:…    read more