Discretionary Trading vs Rules Based or Automated Trading Systems 🤖

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What is Discretionary Trading? http://www.financial-spread-betting.com/strategies/discretionary-trading-system.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE What is Discretionary Trading? What are the advantages and disadvantages of using this methodology to trade the markets? And what is the difference between discretionary trading and rules based and automated trading systems? What would you prefer and why?

Generally we have two aspects of trading; discretionary trading and automated (mechanical) trading. The difference is a human making the decision and/or placing the trades versus a machine or a computer making the trading decisions and executing the trades.

Which is better: Discretionary or Systematic Trading? Let's compare systematic (also referred to as mechanical trading) vs discretionary trading. Most of us use discretion when we trade

Advantages:
- Adapt to changing conditions
- Harness the power of gut feel and intuition
- Flexible

Disadvantages
Let's look now at some of the disadvantages and cons of discretionary trading strategies
- Emotional attachment you have to the money and trades.
- Flawless execution + confidence
- Human error

• Category

  Forex Trading