Top 3 Questions To Ask Yourself Before Buying A Computer For Day Trading

By Author: thomas galvin
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Searching around for the best day trading computers is something that can’t be done without first asking yourself these important questions. Once you know the answers, you will be in a better place to choose the ideal machine for your daily trading habits.

How Often Do I Trade?

It’s obvious that some day traders trade more frequently than others. If this is more of a hobby for you, then you won’t need the same system as someone who trades full-time. Look at how many trades you make on a weekly basis. Low-frequency day traders can use a standard machine that isn’t full equipped with all of the top technologies. For example, you could use a system that has an Intel Ivy Bridge i7-3770 processor, 8 GB of memory RAM and a 500 GB SATA III hard drive. Working with a computer for day trading that has multiple monitors can be set up with just 2 to 4 screens, versus frequent traders who would connect as many as 8 monitors.

On the other hand, if you are high frequency day trader, then you’re going to want one of the best day trading computers on the market. This would consist of having the Ivy Bridge ...
... i7-3770 processor, 16 GB or memory RAM and a solid state hard drive. These components will give you the juice you need to trade in high capacities.

What Type Of Trading Do I Do?

The type of trading you do will also play a role in the type of computer for day trading that you will purchase. The way you use your computer will determine what components you’re going to need. Are you a technical trader or one who follows fundamentals? Are you constantly analyzing data or doing tons of research before making decisions? Are you a high-volume stocks trader or a mid- to small-volume trader? Options traders use lots of data, so they’re going to need a good processor and lots of RAM. The system an options trader and a stocks trader would use would be a bit different. You need a machine that is going to cater to the way you do business.

How Many Monitors Do I Need?

Again, how frequently you trade will govern how many monitors you need. For instance, if you’re an options trader, you’re going to need a lot of head room to view all of the stocks. The same goes for a technical trader who uses various daily charts and indicators. Keep in mind how you trade and that will help you to figure out how many monitors you should set up. If you’re constantly clicking around from window to window, then it could be time to upgrade to more monitors.

Knowing yourself as a day trader will help you to identify the right companion for your workstation.

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