Stochastic

Hi Guys!

I'm a beginner to FX and I'm still studying strategies.

I heard some traders talking about Stochastic. Could anyone please explain to me what it is, whether it is helpful and in which kind of strategy one would use it?

Regards

For an explanation of stochastics: see here and here.
(For an explanation of any TA topic, see the links in this post. Most of the links in the 'TA Resources' section will have their own links to stochastics).

For stochastic strategies, look for Spufyre and BoxingIsLife threads, e.g.
http://www.forexfactory.com/t/37111/
http://www.forexfactory.com/t/36574/
http://www.forexfactory.com/t/119483/
http://www.forexfactory.com/t/13321/
http://www.forexfactory.com/t/36708/
http://www.forexfactory.com/t/22105/

How did I find these? The forum search facility, and then the "Similar threads" area near the bottom of the screen. It's generally faster than waiting for somebody to reply to your post.

[EDIT] Google is another obvious alternative. Also, there are a lot of good videos on www.youtube.com - try typing 'stochastic oscillator' into their search engine.