While we believe that trading computers are important tools for day traders, we don’t think you need multiple screens and a lot of fancy indicators. These are actually tools for ruin in our opinion, and we suggest that traders stick to a single chart in which you can read the price action quickly enough to make proper trading decisions whenever you are day trading any market.
Sure, you need a good computer that is fast and reliable, but when it comes to a stack of monitors, we don’t agree. Here is an article we found at www.ezinearticles.com that was written by Ben Tippen. It’s great advice with the exception we just noted in regards to multiple screens, so give it a look. Here is what Ben had to say in his article:
Your trading computer is one of the most important tools any trader needs; especially if you are scalp trading or relying on fast execution. Bearing in mind the cost of trading computers in general compared to the cost of a few bad trades or even the cost of a day trading course, surely no matter what your trading style, you should have the very best computer for the job.
Trading computers are not found by simply going to your local retail store and asking for the most expensive computer they have, just like day trading courses are not found by signing up from email spammers. They have to fit a certain criteria.
Firstly they have to be reliable. There is no point using cheap parts like a lot of the big PC manufactures do as they go wrong a lot. Now most of these manufactures give a good warranty but that is not sufficient when you have 10,000 shares long and your computer just stopped working.
Secondly it has to allow multiple screens. Most of the traders who trade with proprietary trading firms use 4 screens which means you need a SLI motherboard which will support 2 PCIex16 ports. For people not up on computer jargon, this means 2 slots to plug graphic cards into. Each Graphics card has 2 screen slots on the back so with 2 graphic cards you can have 4 screens.
Thirdly it has to be fast. This does not always have to be the most recent RAM or Graphic cards, as a lot of the cutting edge technology is very expensive and sometimes unreliable. You average hardware is many time sufficient enough without adding extra expense and not sacrificing a lot in extra performance.
Trading computers have to be a fine balance of these points. It is important that you find a company that is constantly building trading computers for its traders because this allows them to keep right up to the mark with the best balance of parts.
As you are probably aware, online day trading education, courses are all across the internet but they rarely go into too much detail about where to find a good trading computer or what one should consist of. Whenever possible, choose a company that not only offer the best in day trading education but one that also pays attention to and hopefully is a able to supply the all important day trading tool, trading computers.
Ben Tippen specializes in high volume scalp trading where he looks for very small moves with large volume positions. Ben is responsible for a large portion of Affinity Trading Group’s scalp trading volume, teaches the Affinity Scalp Trading Lab and is the lead Coach for Affinity’s Scalp Traders where he shows them how to Professionally and profitably trade their capital. Ben also assembles specialized trading computers for Affinity’s Proprietary Trading traders as well as providing technical support on those systems. To read more from Ben, you can follow the link below.
Article Source: http://EzineArticles.com/?expert=Ben_Tippen
Yes, trading computers are important tools for day traders, but you don’t have to spend a fortune on a trading computer, it’s important that your computer is fast and that is doesn’t have any virus or other malware that could hinder or slow your trading. Forget about the fancy monitors and holy grail indicators and concentrate on learning to read a price chart.