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 climbs to daily highs on US CPI
EUR/USD now accelerates it rebound and flirts with the 1.1880 zone on Friday, or daily highs, all in response to renewed selling pressure on the US Dollar. In the meantime, US inflation figures showed the headline CPI rose less than expected in January, removing some tailwinds from the Greenback’s momentum.
GBP/USD clings to gains above 1.3600
GBP/USD reverses three consecutive daily pullbacks on Friday, hovering around the low-1.3600s on the back of the vacillating performance of the Greenback in the wake of the release of US CPI prints in January. Earlier in the day, the BoE’s Pill suggested that UK inflation could settle around 2.5%, above the bank’s goal.
USD/JPY edges up above 153.50 with all eyes on US CPI figures
USD/JPY appreciates above 153.00 but remains on track for a 2.4% weekly loss. Trading volumes remain subdued on Friday, ahead of the IS CPI release. The Yen remains supported by hopes of a stable government and calls for further BoJ tightening.
Editors’ Picks
EUR/USD climbs to daily highs on US CPI
EUR/USD now accelerates it rebound and flirts with the 1.1880 zone on Friday, or daily highs, all in response to renewed selling pressure on the US Dollar. In the meantime, US inflation figures showed the headline CPI rose less than expected in January, removing some tailwinds from the Greenback’s momentum.
GBP/USD clings to gains above 1.3600
GBP/USD reverses three consecutive daily pullbacks on Friday, hovering around the low-1.3600s on the back of the vacillating performance of the Greenback in the wake of the release of US CPI prints in January. Earlier in the day, the BoE’s Pill suggested that UK inflation could settle around 2.5%, above the bank’s goal.
Gold: Upside remains capped by $5,000
Gold is reclaiming part of the ground lost on Wednesday’s marked retracement, as bargain-hunters seem to have stepped in. The precious metal’s upside, however, appears limited amid the slightly better tone in the US Dollar after US inflation data saw the CPI rise less than estimated at the beginning of the year.
Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest
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