Corvin Codirla, Founder of FXMasterCourse, and Fund Manager, discusses Discretionary trading Vs. Systematic trading on today’s Tip TV education segment. He is joined by Tip TV’s Zak Mir.
Codirla says discretionary trading is largely macro trading, whereby traders synthesizes information and comes up with a trade. Meanwhile, in systematic trading, a trader simply follows the rule and avoids having any biases. One type of systematic trading is ‘Turtle Trading’.
Watch the video to know the merits and demerits of macro trading and rule based trading. Codirla also details the ‘Turtle Trading’ system.
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Editors’ Picks
EUR/USD keeps the bid bias just over 1.1800
EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.
GBP/USD looks stuck around 1.3500 amid firm gains
GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.
USD/JPY recovers early losses as investors look beyond US SC’s ruling
The USD/JPY pair recovers almost its entire early losses and trades marginally lower to near 154.85 during the European trading session on Monday. The pair bounces back as the US Dollar claws back its initial losses, driven by the United States Supreme Court’s ruling against President Donald Trump’s tariff policy.
Editors’ Picks
US Dollar struggles as Trump tariff uncertainty grows
The US Dollar struggles to stay resilient against its rivals to start the new week as investors assess the headlines surrounding the US trade regime. After the Supreme Court ruled against US President Trump's tariffs, Trump announced that he will hike global tariff rates to 15%.
Gold pops above $5,200, four-week highs
Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.
EUR/USD keeps the bid bias just over 1.1800
EUR/USD has started the week on a positive foot, hovering around the 1.1800 region in the latter part of Monday’s session. The pair’s recovery comes on the back of a decent decline in the US Dollar, as investors keep their attention on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.
Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs
Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.
Supreme Court nixes tariffs, Trump teases 15% global tariff
On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.
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