The entire Forex market mechanics primarily based on various charts that illustrate almost all events up to the fundamental occurring in this currency market …
The goal of any newbie is the desire to become a great trader, which is why every beginner graphs, determining the most favorable moments to be read properly to carry out foreign exchange transactions. It is therefore necessary to continuously develop and improve their skills, you can not just get stuck in one place.
It should be understood that the mechanics of the Forex market is constructed in such a way that the graphics necessary to “read”, that is, there is no place for mere guessing: lucky or unlucky. Every trader who works on the market, must be able to correctly analyze the charts and after an appropriate analysis to make the right decision, which will lead to profits rather than cash losses.
One of the most popular indicators for the moment still are Bollinger Bands. They were created for a long time, but until now have not lost their relevance. This indicator attracted by the fact that his mistakes are minimized so that practically prevent run a profitable trade.
Owing to these bands you will be able to predict the long-term deviation, which is a certain percentage of alternative bands. Most charting software assistants that are used by traders today are able to personally calculate these bands.
But to be completely confident in the fact that this indicator is not lying to you, it is best to be able to calculate it yourself and using appropriate formulas. The price of such a graph Bollinger, as you must have noticed, constantly moving from one extreme to another.
That is, as soon as the price reaches some lower point, it immediately begins its forward motion to a new high. In technical analysis, any schedule first thing you need to look for compressible strips that tell you about the low volatility of the market. Then you need to find the greatest disparity – a zone of maximum variability.
Everyone should understand that using such an indicator Bollinger and you need to find high probability signals, which are subsequently and should lead you to success. so every trader needs to constantly improve and understand fully understand the essence of the mechanics of the Forex market …