The Best Computer Setup For a Day Trader

Technology plays such a huge role in today's markets whether you are trading Forex, Futures, Contracts for variation (Cfds), stocks or options. You just have to take a look colse to at some of the fantastic software that is ready to understand how staggering the opportunities are. Today we'll take a look at the best computer set up is for a Day Trader and what you might need to think to get yourself started.

0,000 first prize to the winner

Several years ago there was a Cfd trading contest with 0,000 first prize and incredibly the winner, Dave Limburg, was able to make over 400% in 9 weeks of trading. Eva Diaz then profiled 7 of the top 10 place getters to find out what made them tick and how they were able to accomplish such an astounding feat. Some really consuming points stuck out in Eva's research in her book Real Traders 2 and that was that some used fundamental diagnosis in their research and as far as computer set ups were involved many used just the one monitor and in some cases just a laptop.

Doesn't every person have multiple monitors to trade?

Ironically many would be traders first view is that every full time trader must have multiple monitors and perhaps 2 or more Pc's and this is perpetrated from brokerage houses colse to the world with many brokers using 3-6 screens at a time. No doubt it looks good but is it really needed?

Access to data Fast

Speed of data is by far the most valuable component for day traders in their quest to conquer the markets on a daily basis. Having said that the number 1 way to get that data is via a multi-monitor set up. The best computer setup for day traders in my mind is at least dual monitor and for some serious day traders they may want to think a 4 monitor setup.

Real time scanning is a must have

Real time scanning at a click of a button is vital and it would be ideal to have this running on a stand alone Pc so as not to interfere with all things else going on. You also need your broker screen that is one click away from executing a trade directly into the market. Delay can be precious here so a fast internet connection and one click dealing is a must.

Charting software needs to be feeding you data on each of your key markets so a screen dedicated to that is a must. You might divide your screen into 4 charts to ensure the data is flowing and you can make use of that data quickly. No point having to Alt-Tab each time you need to check a chart as a day trader as its just not efficient.

The Best Computer Setup For a Day Trader

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Best Computer Setup For Day Trading With a Dual Monitor Screens

Many day traders limit their opportunities in the market by using outdated and or poor technology. If the field of Day Trading, where you will spend 6-14 hours a day in front of your computer screens, you can begin to imagine how leading it is to find the best computer set up with it comes to your monitors. Today we'll have a look at installing dual monitors on your Pc to give you the most screen real estate potential and sacrifice eye fatigue.

Buying a new Pc

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You'll find nowadays a new Pc will come as suitable with dual monitor capabilities. All that is required is for you to get a second monitor and really plug it in to the back of your Pc. You may find that the 2nd monitor connector has a Dvi relationship type and all you may wish is a convertor if you don't have that specific plug.

Dual monitor on your laptop?

Most laptop users don't even realise they could be running a second monitor by plainly plugging in a second monitor. All that is required is to get into you display settings and configuring the second monitor and you are up and running. You don't need any extra equipment, just plug that 2nd monitor into the laptop and you'll be up and running with a dual monitor set up.

Upgrading an old Pc

You might have an old Pc that doesn't currently have the option for a 2nd monitor. If this is the case then you'll need to invest in a dual monitor video card. These are commonly no more than -5 and you can get a technician to install it or plug it in yourself. Once again, head into your display settings once installed and configure your 2nd monitor.

If you are a day trader you'll find a dual monitor set up is the best option as you need a clear screen with plentifulness of screen real estate. By using a dual monitor display you can entrance plentifulness of trading tools and drag and position your screens very easily.

Best Computer Setup For Day Trading With a Dual Monitor Screens

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