Fibonacci retracement levels (Fib retracement levels) is a technical analysis method used in finance to determine support and resistance levels. This powerful tool is named after a sequence of numbers produced by a famous mathematician Leonardo Pisano (1170-1250), aka Fibonacci.

How to develop a trading strategy is hatever kind of financial instruments you are trading, there are two common requirements for trading consistently profitably: a set of sound trading strategies and an excellent money management system. Therefore, ‘How to create a trading strategy?’ is among the first questions one asks when they start trading.