Saturday, July 4, 2009

Forex Trading

Understanding Bollinger Bands (Part II)
A standard deviation is the measure of the spread of a set of number. Bollinger Bands (BB) is calculated using the standard deviation. The higher the difference between the closing prices and the average price of a currency pair, the larger the standard deviation and the volatility of the currency pair will be. 95% of the recent closing prices are going to be within the two standard deviations of the currency pair price when the markets are ranging. In a range bound market, if the price pops abo


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