(This is a guest post from FX Academy regarding how you can use an advanced form of the bollinger band indicator to help you find winning trades in the forex markets. I hope you find it useful.)

Forex trading may seem simple at first glance but as we all know, looks can be deceiving. Trading currencies is more than just deciding on a currency pair and deciding on which direction the price will move. In order to really profit in Forex it is important to learn as much as possible about Forex markets and how to make the most prudent trades.

There are many trading tools available that can be used for successful Forex trading and the more practice you have in using them, the more you will understand what makes Forex trading so interesting. Most Forex brokers offer a minimum of educational material to their account holders. But this is often very basic and traders who are more experienced and more advanced in their trading would not benefit very much from these efforts.

Online Courses

There are, however, several comprehensive online Forex courses that go beyond the basics and are suitable to Forex traders of all levels. One of these courses is FX Academy. There are 9 different courses to choose from and a total of 32 lessons. Each lesson includes text as well as an animated video which explains in detail the content of the lesson. There are also quizzes and recommendations for supplementary reading material. And each lesson can be reviewed as many times as necessary.

The 7th course at FX Academy is devoted to Double Bollinger Bands. a variation on the standard single Bollinger Band which provides additional information on momentum and trend strength, both in flat and strongly trending markets.

Because the concept of Double Bollinger Bands  cover quite a large scope—with different combinations of zones and rules-the course at FX Academy is divided into five different lessons, with each lesson focusing on a different set and providing the technical analysis that it calls for. Each rule is outlined in detail and thoroughly explains how each strategy relates to the rule discussed.

Besides being very informative, the course on Double Bollinger Bands allows students to practice this strategy in practice trading. The success of the approach depends on how well a trader reads and interprets the other technical and fundamental evidence and then comes up with a price.

With the completion of the course, students will have a unique and strategic tool to employ when trading Forex and will feel confident moving on to the next course at FX Academy—Trading with Price Action.