XMTrading XMTrading: Does the Bollinger Band often exceed 3σ? Introduction to how to use it in stock and FX trading. Contrarian trading is dangerous.
Most FX traders probably use Bollinger Bands for investing. We will explain the statistical movements, trading timing, and how to use it. This is because Bollinger Bands make it easier to understand whether a trend is occurring or not. However, be careful as the contrarian strategy using Bollinger Bands is not very effective.