Manual Trader

AAA

DEFINITION of 'Manual Trader'

A trader who manually enters trades into a trading system without using computerized algorithms that enable automated order entry. In the frenetic world of trading, manual traders may be at a disadvantage compared to traders who use considerable computing power to exploit pricing anomalies in the markets. Also, manual traders may be more susceptible to trading on emotion compared to a trader relying strictly on a trading program.

INVESTOPEDIA EXPLAINS 'Manual Trader'

Entering trades or orders manually into a trading system also increases the risk of incorrect or erroneous order entry, which can be fraught with disastrous consequences if the error is large. Currency traders therefore increasingly use automated trading systems that enable them to place orders and execute trades efficiently through an application programming interface (API).

RELATED TERMS
  1. Forex Trading Strategy

    A set of analyses that a forex day trader uses to determine whether ...
  2. Automated Forex Trading

    A method of trading foreign currencies with a computer program ...
  3. Forex System Trading

    A method of trading forex that is based on a series of analyses ...
  4. Currency Day Trading System

    A set of analyses that the forex day trader uses to determine ...
  5. Currency Trading Software

    Trading software to help the currency trader with forex trading ...
  6. Bidder

    The party offering to buy an asset from a seller at a specific ...
Related Articles
  1. The Greatest Currency Trades Ever Made
    Forex Education

    The Greatest Currency Trades Ever Made

  2. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

  3. Forex Courses For Beginners
    Forex Education

    Forex Courses For Beginners

  4. Top 7 Questions About Currency Trading ...
    Forex Education

    Top 7 Questions About Currency Trading ...

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center