Trading Chaos By Bill Williams | Part 1Hello, everyone!
Today we gonna start the series of articles about the "Trading Chaos" by Bill Williams(BW) . He has the unusual theory abut how the markets play out. After this concept learning I am going to trade with his techniques and test this trading method. Please, subscribe and give us a like if you are interested in studying Trading Chaos. If you are familiar with this theory and used it in practice, please, write your opinion about it in the comment section.
Let's start!
In the first chapter BW explains why the most of traders are in the wrong side of the market.
There are a lot of strategies which use the linear method for the market price predicting, but the market is not a linear system, because it formed by the human behavior, which was born from chaos.
The fractal geometry approximates the chaos in our world and, in particular, on the market. The fractal is the element of chaos and we will study how to identify and use it on the market in the next chapters.
What you need to know now?
1.Classical technical analysis does not work because of the linear approach which it use.
2.Mechanical trading systems which provides the automatic trading does not work too with the same reason.
3.Market is the child of chaos and we need nonlinear methods, which we will consider in the next parts.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
