Why It Works

The reason it works and we consider it the best forex technical indicator for swing trading is based upon human psychology.

A long term price trend does not just go in a straight line - there are peaks and troughs along the way. Forex traders will push prices to far too quickly and prices then return back to fair value. It is these moves within long term trends, that swing traders want to catch - so by combining the stochastic with simple support and resistance is very effective.

If you are new to forex trading then swing trading with the stochastic gives you a simple method which works and the stochastic is the best forex technical indicator to use and while there are others, using the stochastic wisely, with support and resistance lines, can make big consistent profits.

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