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Ricardo M. from Brazil became Trader of the Week on the Quotex platform and earned $29,497 🏆

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Sana S. from Pakistan became Trader of the week on Quotex platform, earning $37 041 🏆

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🏆 Mohamad A. from Turkey became Trader of the week on Quotex platform, he earned $34 293!

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Bollinger Bands – one of the most popular indicators reflecting market volatility. It shows the dynamic range of price movement and helps identify the start and end of trends.

🟢 How to Use:

BB Width – an oscillator measuring the distance between the upper and lower bands. During high volatility, the distance increases, and during low volatility, it decreases.
✔️ High Volatility: A large distance between the bands indicates a potential momentum.
✔️ Low Volatility: A narrow distance signals consolidation and a potential upcoming movement.

⚠️ High or low volatility alone is not a buy or sell signal. It is a supplementary indicator that should be used alongside other tools and methods of analysis.

❗️BB Width forms a single line below the price chart, so it should not be used as a support/resistance level like regular Bollinger Bands.

💡 Approach trading holistically, combine indicators, and always consider risk management!

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Who was the best this week?

🏆 Firosh M. from Qatar became Trader of the week on Quotex platform, he earned $21 070!

Congratulations to Firosh M. on excellent results and wish everyone successful trading!✨

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