Computers are the most critical element for day trading. To make sure that you make the most of the process, you will need the best system. Hence, today we are discussing the type of computer setup you will need to obtain the maximum benefits from day trading.
An ideal setup for day trading will include all critical components required to easily carry out the transactions. The elements include, high speed internet connection, enough RAM, a CPU that has two cores though quad core would be suitable, and multiple screens for charting. To get the best advice on trading computers, we recommend you visit falcontradingsystems.com.
Besides the entire setup, the first thing that you should consider is the type of computer. It should either be a laptop or a desktop tower. With ever changing technology, upgrades are necessary, and you will be able to upgrade the tower based computers easily with time. Laptops are not bad as well since they are easy to carry, and you can carry out the transactions from anywhere, with your internet connection.
To get started with the fundamental day trading requirements, stay with us. Below we list out some of the key things that you will need to day trade.
The RAM Needed
For day trading, you cannot use just any computer system that people usually have at their homes. A specific RAM is required to carry out the process. It is one of the most critical requirements, and it optimizes the ability of your computer to support several software together. The ability of the processor and RAM to work together helps determine how well a computer can perform.
Having said that, if the system doesn’t have enough RAM, the processor needs to work hard, which ultimately slows down the performance of the system. With more processing power and increased RAM, the user can run more applications at the same time simultaneously.
Usually the hard drive supplied by default with the computers will be enough for day trading. You need to ensure that you have enough space in your system to download and run a trading platform software. Additionally, the boot up speed should be fast and the hard drive needs to be robust. The minimum requirement is thought of as a 256 MB drive.
This drive storage will offer enough space to the user so that all their software requirements are fulfilled. Though, it should be kept in mind that if you use your system for editing photos and videos, you will need a system that has a bit larger memory.
CPU is another important element that is required in a computer system for day trading. It is the main component of a computer as well and it helps carry out all computing tasks during the day. Additionally, it also provides instructions to the other working components when to do and what to do. When it comes to computer processors, there are two major manufacturers, Intel and AMD.
AMD strives to produce processors that provide great value for money to the users. On the contrary, the processors from Intel are typically more expensive and are also faster options of processor chips. You should keep in mind that the processor of the system should be a multiple core processor.
At the least, the system should at least have a processor speed of 2.8 GHz. This speed is enough and a basic one to handle the different demands of most of the trading platforms.
The number of monitors required for day trading ultimately depends on the strategy of the trader. For traders at the beginning level, two monitors are recommended and enough to get the tasks done. Two monitors installed will provide a workstation that is user friendly and also comfortable for the users. As you scale up and develop, the number of monitors can be added as per requirement.
At the mid stage, three monitors are recommended for more ease and comfort. Two will be used for charting and the third one will be used to open the chat room, internet browser, and news. The best size of monitors is 24 inches, 1080 p. This display size of the monitor will provide large and clear charting along with good resolution. This monitor size is also one of the most cost effective solutions.
Can Gaming Computers Be Used?
The shortest answer to this question is Yes. In fact, they are the best options for day trading. Gaming computers have good RAM, high processors, etc. and so they make the best choice for day trading as well. Though, one of the major flaws of using a gaming computer for trading is that they are designed keeping the gamers in mind, instead of traders.
Most of the components when it comes to the graphics card of the system are designed keeping high performance in mind. Hence, they render great performance, and reliability and stability are not paid much attention.
Why Multiple Screens For Day Trading?
The multiple screen setup is usually very beneficial and offers different features to make sure the best is obtained. Numerous screens help boost productivity and it rises by about 50%. Additionally, day trading or just any other task becomes easy for users that have multiple screens in their system setup.
When it comes to day trading, one of the benefits of using multiple screens include the ability of displaying several charts. It is usually based on the trading strategy of the user, though. The setup of multiple monitors can also be used to display the news feed, to browse the internet and also for the news feed. This will prevent the hassle of the user to toggle between different tabs on the same screen.
To get started with day trading you need to make sure that you have the right setup to make the most of the process. Additionally, the best trading platform software is needed to get started with the process. As per your preferences and ease, you can choose the components and their features. Take some time to do your research and shop for the components around to bag the best deals.