Manual Trader

Dictionary Says

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 Says

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).

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Forex System Trading

    A method of ...
  2. Forex Trading Strategy

    A set of ...
  3. Currency Day Trading System

    A set of ...
  4. Automated Forex Trading

    A method of ...
  5. Currency Trading Software

    Trading software ...
  6. Sector

    1. An area of ...
  7. Cyclical Industry

    A type of an ...
  8. Boom

    A period of time ...
  9. Industry

    A classification ...
  10. Cooler

    A slang term ...

Articles Of Interest

  1. Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  2. Forex: Wading Into The Currency Market

    We go over the ground rules and available resources needed for this undertaking.
  3. Forex Currencies: Trading Strategies

    Learn about the most traded currencies and the strategies used to trade them.
  4. Forex Courses For Beginners

    Trading courses can provide a trader with all the tools required for a profitable experience.
  5. The Greatest Currency Trades Ever Made

    These speculators took big positions - and scored huge profits - in the currency market.
  6. Understanding The Ticker Tape

    We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
  7. Whisper Numbers: Should You Listen?

    These unofficial forecasts hold the potential for insider insight - and investment risk.
  8. Translating Ticker Talk

    Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
  9. Should You Be Afraid Of Dark Pool Liquidity?

    Don't fear the deep end. Dark pool liquidity can help drive down stock cost for everyday investors.
  10. Turnaround Stocks: U-Turn To High Returns

    Find out which catalysts can turn struggling stocks around to create a tidy profit.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center