Stochastics For Forex Traders!
You must learn how to use Stochastics in your forex trading. Many traders use it incorrectly. It is a very good indicator that if used properly can be highly profitable. Stochastics is based on two plot %K and %D. %K is the fast moving plot while %D is the slow moving plot. K is calculated using this formula; K=100*(C-L)(H-L). C, L and H are the Close, High and the Low of 14 days period. %K is the 3 day MA ( Moving Average) and %D is the 3 day MA ( Moving Average) of %K.
Fortunately, you
