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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