A Trading Computer is a computer which combines high performance with great reliability and multiple monitors. More and more traders are using Trading Computers to improve their trading. The key features of Trading Computers are:
This article will look at each one of these aspects individually and assess how they help traders to maximize their profits.
Trading computers are designed to be the fastest processing computers on the market. This so the computer can process the data feeding the charts as quickly as possible. This means a trader can trade in real time and make the best informed trading decisions possible. Sometimes normal store bought computers can struggle to process the chart data quick enough. This means that the data is delayed slightly and the trader is not trading in real time. This can affect his profitability considerably. The speed of a trading computer will ensure there is no delay when it comes to processing the data.
Trading Computers also help reduce slippage. Slippage is difference between the price you expect to get and the price you actually get. Preventing slippage helps ensure the trader enters the market at the price that they want and that they do not lose profits to slippage. Slippage is a nightmare for any trader.
The speed of these computers also means that the users order gets to the market before other traders with slower computers. This ensures that the user remains ahead of the competition.
Reliability is essential in a traders computer. This is because traders often have large amounts of money at stake. Therefore a system crash or a computer malfunction can cost a trader badly. In order to eradicate this problem, trading computers are designed using the highest quality components and cooling systems. These are then tested rigorously to ensure the computer doesn’t malfunction and cost the trader dearly. Unfortunately it is all too common to hear stories of computers failing traders due to poor quality components or inadequate cooling systems. This is not the case with trading computers.
These computers also come with multiple monitors.You can specify how many monitors you actually want to purchase. A trader may use multiple monitors to
1) Watch numerous markets at the same time so a trader can really pick carefully what market to trade to maximize his profits.
2) Use multiple time-frame analysis to improve profitability.
3) Look at the news feed to gain the overall sentiment of the market.
The combination of speed, reliability and multiple monitors make a traders life much more profitable,simple and stress free. Therefore it is no surprise that these computers are fast becoming essential for any trader who is serious about making consistent profits.