Some technical indicators are based on simple math and serve a very specific purpose. And some are built on complex market theories and provide a foundation for numerous trading strategies. One of these is a Bollinger Bands indicator, commonly abbreviated as BB. Today we are going to discuss what are Bollinger Bands and how to use them for profitable Forex trading. We will talk about the following:

• What are Bollinger Bands
• What is the Bollinger Bands formula
• How to read Bollinger Bands indicator
• Effective Bollinger Bands trading strategies
• Best indicator to use with Bollinger Bands
• Tips on trading with Bollinger Bands