How to trade using fractals
Trading with fractals is a technical analysis practice being adopted by an increasing number of short-term traders.
Do you know how to trade with Fractal Breakout Trading Strategy?
Our today’s video is about Fractal Trading Strategy and it will definitely answer most of your questions about fractals and how to trade them properly. You’ll learn how to use this strategy step-by-step to hit consistent winning trades.
This Forex trading strategy is a great example of a simple and classic trading system that has a certain potential to it. The author of the strategy suggests the following currency pairs (and their futures).
Based on our backtesting process, the strategy works best with major forex pairs. But it’s mostly suitable for 5 minutes time frame.
You cannot apply a strategy directly to live trades without preparation. Currency spreads may be predicted, but mistakes are still possible. Market news and major fundamental factors like interest rates are beyond any trader’s control. The Forex market may always turn against you. Thus, you need to have a sound and tested system in place before risking any capital.