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Day traders live and die with clean and accurate data that is delivered in the fastest possible fashion. Without access to fast streaming data, day traders are doing to be left behind missing crucial points left, right and centre. Today we'll take a look at the best computer set up for Day traders trading any market around the world.
Day Traders need to invest in the right Monitors
With talk about flexible hours, no boss and the ability take time off whenever you want, day trading seems to stack up as the ultimate way to multiply your money. Unfortunately nothing could be further from the truth and many day traders will tell you they spend upwards of 10-14 hour days in front of the PC. For this very reason it is critical that you have crystal clear monitors with plenty of size to them, given the fact that you'll be staring at these things for a long, long time. Anything on or above 24 inches should be fine. Further to this you'll need to co nsider at a minimum a dual monitor set up or perhaps 4 or even more. I've heard of some day traders who have up to 10 monitors spread over 3-4 computers. Incredible.
Day Traders require speed of information
Next on the radar for your computer set up when day trading is the speed with which you get your information and the speed at which your trading programs run. Here we're talking about your internet connection speed, Amount of RAM and your computer's main processor.
Internet connection
It goes without saying that a day trader requires access to information and they want it fast. Trading decisions are made quickly and so a fast internet connection (cable, ADSL2+ or a T1) is essential. Never mind paying a bit more for the faster speed as it all counts.
Enough processing power and to set the world on fire
Intel have some pretty incredible chips and their Core 2 Duo chipsets are some of the fastest available on the market and incredible well priced. You could move up to the quad core processor but its truly not going to help you on the day trading front. Quad Core processors are best suited for high intensity activities like Photoshop or video rendering so don't go overboard here getting a quad core just because you reckon that 4 cores is better than 2.
Ample RAM is important for a Day Trader running multiple applications
Having enough RAM is a key component as well and you need to keep on top of what's the ideal amount at the time of purchase. Make sure you get a motherboard that allows you to upgrade as time passes. RAM allows your PC to process multiple functions at once and do the important grunt work. If you do a lot of backtesting using programs like Tradesim, Metastock, AMI Broker or Wealth-Lab, then grab lots of RAM.
More Day Trading Hot Tip - What is the Best Computer Setup When Day Trading the World's Markets? Articles
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Acer - 14" Laptop - 6GB Memory - 500GB Hard Drive - Hazy Purple
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