Summary
Jack Inman will lead a special coaching session on FXStreet, that includes an short exercise with volunteers in the room called "beat the EA"! The coaching will consist of a session where we look at the two main types of trading, mechanical and discretionary trading giving users a description of what the two different systems are, their advantages and disadvantages and why in general most traders accept discretionary systems as being the difference between being a profitable and highly profitable trader. The coaching will also focus on highlighting to users the impact that using discretion can have on the individual trader’s results when applied correctly. It will highlight areas where flexibility can lead to increased performance and give certain examples of things that can be used to help improve performance such as flexibility with stop loss and profit target placement, entry and trade management. As well as this the session will show a real life situation where discretionary testing has been tested against mechanical trading before culminating in an short exercise/competition called ‘’beat the EA’’, complete with a prize should the participants win. The exercise will focus on why with the same system some traders are more profitable than others – and show the issues that face traders psychologically, highlighting why some traders, despite using the same system have different resultsLatest Live Videos
Editors’ Picks
EUR/USD stays weak below 1.1700 on firmer US Dollar
EUR/USD remains under moderate selling pressure and trades below 1.1700 on Monday. The pair stays on the back foot as the US Dollar benefits from the cautious market mood following the US military intervention in Venezuela and the capture of President Nicolas Maduro. Investors await US Manufacturing PMI data.
Gold clings to strong daily gains above $4,400
Gold started the week on a bullish note and climbed above $4,400 before going into a consolidation phase in the second half of the day on Monday. Heightened geopolitical tensions help XAU/USD hold its ground after the US launched land strikes on Venezuela, leading to the capture of its President, Nicolás Maduro, and his wife.
GBP/USD holds steady above 1.3450 ahead of US data
GBP/USD stages a rebound and trades above 1.3450 following a decline toward 1.3400 earlier in the day. Markets remain wary and prefer safety in the US Dollar due the US-Venezuela geopolitical escalation, limiting the pair's upside. Investors now await the US ISM Manufacturing PMI report for December.
ISM Manufacturing PMI set to show US factory activity remained in contraction at year-end
The Institute for Supply Management is scheduled to release the December Manufacturing Purchasing Managers’ Index on Monday. The index is a trusted measure of the health of the United States manufacturing sector, closely followed by market players.
Economic outlook 2026-2027 in advanced countries: Solidity test
After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.
Here is what you need to know on Monday, January 5:
The US Dollar gathers strength against its major rivals on Monday as market participants assess the potential implications of the US' large-scale strike on Venezuela. In the second half of the day, the ISM will publish the Manufacturing PMI data for December.