John Bollinger created a tool to analyze prices in currency pairs. This tool he created in the 1980′s would come to be eventually known as the Bollinger bands. To understand how they work and how you can use it in technical analysis of a Forex market currency pair, it is useful to know a little about moving averages.
An optimist looks at a glass of water and says that it is half full; a pessimist looks at the same glass of water and asserts that it is half empty; a forex trader looks at it and ponders for a while then concludes that the glass is twice as big as it should be. Forex traders cover all the bases, they looks at charts from all angles and account for every possibility then make decisions based on timely and accurate information. The risks involved in forex trading are too high to entertain carelessness and the losses one can encounter are equally absolute.
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