The full benefits of application the high strength low alloyed steels HSLA can be achieved if the structures will be able to carry the alternate loads and fatigue cracks will not be formed, even in the vicinity of welded joints. For this reason the purpose of this study is to find and to explain the influence of different factors on fatigue crack initiation and the nature of crack propagation in HSLA steel and its welded joints. The S960QL steel and two types of welded joints were subjected to low cycle fatigue (LCF) tests at a strain mode and the received surfaces of fractures were analyzed using SEM microscope. Additionally, the microhardness measurements and the residual stress analyze in a cross-section of the joint were conducted. The maximum hardness was determined on the fusion line and more favorable hardness distribution was in the square joints than in single-V. Compiled maps of residual stresses have shown that the local orientation and values of the principal stress vector near the fusion line can influence negative the fatigue life. Finally, the square joints tested in the low cycle fatigue regime have shown a slightly higher fatigue life in comparison with single-V.