Dear Crypto Mechanic,
I'm writing to request a beginner-friendly video tutorial on using Fibonacci tools in trading. Many newcomers, myself included, find it challenging to understand and apply these tools effectively. A comprehensive video covering the following points would be immensely helpful:
Drawing Fibonacci Tools: A clear demonstration of how to correctly draw Fibonacci retracement, extension, and other relevant tools on different chart types.
Entry/Exit Levels: Guidance on identifying entry and exit points based on Fibonacci levels. Please explain which levels are considered strong support or resistance and how to use them for trade decisions.
Profit Taking: Strategies for determining profit targets using Fibonacci projections. Real-world examples would be invaluable.
Stop-Loss/Invalidation: Clear instructions on placing stop-loss orders and identifying invalidation points for a Fibonacci-based trade, essential for risk management.
Additionally, I would appreciate a structured resource (video or article) outlining a learning roadmap for trading. A step-by-step guide focusing on essential skills and knowledge to become a successful trader would be invaluable. This roadmap could cover:
Fundamental Analysis: Recommended strategies for understanding economic indicators, financial statements, and market news.
Technical Analysis: A learning path for mastering chart patterns, indicators, and other technical tools.
Risk Management: Practical techniques for managing risk.
Trading Psychology: Tips on building mental discipline and emotional control.
Practice & Backtesting: The importance of practicing on demo accounts and backtesting strategies.
These resources would greatly benefit aspiring traders and help us avoid information overload. Thank you for considering my request. I believe these tools would be invaluable for beginners in the trading community.

