Free Forex MQL Training
Free Forex, Candlestick Charts, and MetaTrader Training
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| Mechanical Trader |
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| Written by Al Parsai | |
| Sunday, 01 February 2009 | |
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Mechanical trader or a system trader is a person who follows strict rules in his trading career. A mechanical trader usually clearly defines the rules to enter, manage, and exit trades. He/She may also set rules about managing his/her portfolio.
You may compare mechanical trading to discretionary trading. In discretionary trading the trader uses his/her judgement to trade. A discretionary trader may or may not use rules for his trades. However, such a trader looks at the market subjectively to adjust existing rules.
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| Last Updated ( Tuesday, 10 February 2009 ) |
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