Technical analysis new tools to trade forex?
JB: Yes. In fact I created a website specifically for the forex market,
www.BBForex. com. All of my indicators including my newest work are available for currency pairs with streaming real time pricing.
FXTM: Are some of the new tools specifically useful on the forex?
JB: None of the tools were created specifically
for forex, but all the
new tools work well for the forex market
FXTM: Talking about
except for indicators such
as BBAccumulation which rely on volume data.
the evolution of the
Forex market today, do you see traders using currencies more and more as an asset class?
JB: Yes, because as the various asset
classes become more correlated
traders are on the lookout for other opportunities. That correlation makes currency trading ever more attractive in the context of a portfolio.
FXTM: Do you see the increased regulation of the forex market more as a sign of consolidation or limitation of retail FX trading in the future?
JB:
I mostly see it as a sign that the forex market is expanding and maturing and therefore increased regulation is to be expected.
FXTM: Do you think traders are well- prepared today when they approach currency trading?
JB: I think that traders, all traders, need to continuously learn and grow to remain successful. There are ample opportunities to hone one’s
About John Bollinger
John Bollinger is best known for his Bollinger Bands, which have been widely accepted and integrated into most of the analytical software currently in use. He is the president and founder of Bollinger Capital Management, Inc., an investment management company that provides technically driven money management services. His book, Bollinger on Bollinger Bands published by McGraw Hill, has been translated into eight languages.
Mr. Bollinger has published the Capital Growth Letter since 1987 and is interviewed regularly on television and radio. He is a speaker at financial seminars worldwide and is the founder of several financial websites:
www.BollingerBands.com,
www.BollingeronBands. com and
www.BBForex.com.
John Bollinger is the recipient of the 2005 Market Technicians Association Annual Award for Outstanding Contribution to the Field of Technical Analysis.
FX
knowledge and skills. The level of preparation is a personal choice.
FXTM: What would be your most important recommendation to a forex trader today?
JB: Keep it simple. Learn a few tools and develop a system that works for you. Do not jump from system to system because then you cannot learn from your mistakes. Be disciplined and understand your strengths and weaknesses and develop a trading style that works for your strengths. And learn about position sizing.
FX Trader Magazine readers who wish to purchase the new DVD course: “Bollinger on Bollinger Bands DVD 2013”, will receive a complimentary DVD “Introduction to Bollinger Bands” as well as a free three-month subscription to the Pro section of
www.BBForex.com (read more here).
FX TRADER MAGAZINE April - June 2014 61
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