Bill Eckhardt: Biography, Career, and Business Insights

Bill Eckhardt’s Profile Summary

Company	Eckhardt Trading Company
Position	Founder & Chief Research Scientist at Eckhardt Trading Company, which he founded in 1991.
Source of wealth	Management and performance fees from Eckhardt Trading Company, profits from futures trading, Turtle Trading System involvement.
Also known as	Philosopher, author, educator.
Age	70
Education	DePaul University - B.A. in Mathematics, University of Chicago - M.S. in Mathematics, PhD (incomplete).
Citizenship	United States
Residence	Chicago, Illinois, USA
Family	No publicly available details.
Website, Social Media	https://www.eckhardttrading.com/

Bill Eckhardt’s biography

Bill Eckhardt is a renowned American trader, fund manager, and pioneer in the field of systematic futures trading. Born in 1955, he initially pursued academic studies, specializing in mathematical logic at the University of Chicago, but he left academia before completing his PhD to focus on futures trading. His journey into trading began in 1974 on the floor of the Mid America Commodity Exchange, where he applied his mathematical background to develop quantitative trading systems. Alongside his high school friend Richard Dennis, he co-founded the famous "Turtle Trading Experiment" in the 1980s, a pivotal moment in the history of trend-following strategies. This experiment demonstrated that trading could be taught and successfully executed by novices, given proper training and risk management techniques. Throughout his career, Eckhardt has remained deeply committed to research, developing numerous technical systems that integrate evolutionary computing and portfolio theory. In addition to his achievements in trading, Eckhardt is also known for his contributions to philosophy and science, having published several papers on probability theory, decision theory, and causality. His work has had a significant influence on modern futures trading practices. His contributions to science led to the establishment of the William Eckhardt Research Center at the University of Chicago

How did Bill Eckhardt make money?

Bill Eckhardt makes money in the following areas:

Management and performance fees from Eckhardt Trading Company, profits from futures trading, Turtle Trading System involvement.
What is Bill Eckhardt net worth?

As of 2025, there is no publicly available and reliable information regarding Bill Eckhardt’s net worth.

What is Bill Eckhardt also known as?

Bill Eckhardt is known for his philosophical contributions, particularly in probability theory, causality, and the mind-body problem. He has published academic papers on paradoxes in probability theory and decision theory, contributing to journals such as Mind and The Journal of Philosophy. His teaching legacy also includes his role in the Turtle Trading Experiment, where he educated novice traders, many of whom went on to become successful in their own right

Prominent achievements of Bill Eckhardt

Founder of Eckhardt Trading Company, co-creator of the Turtle Trading Experiment, inducted into the FIA Futures Hall of Fame (2017), numerous academic publications on probability theory and decision theory, leadership gift to the University of Chicago's William Eckhardt Research Center

What are Bill Eckhardt’s key insights?

Bill Eckhardt emphasizes the importance of risk management and scientific precision in trading. He advocates for system development that seamlessly integrates with risk controls and believes in the psychological aspect of trading, emphasizing emotional discipline and controlling risk aversion. His focus is on developing objective trading systems while acknowledging the subjectivity of individual risk tolerance

Bill Eckhardt’s personal life

Bill Eckhardt keeps his personal life private, and no detailed information about his family members is available.

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.