Financial Investing

Archive for December, 2009

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 consider 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.

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