Monday 16 February 2015

Why Trading Requires A Reliable Trading Computer

Beginning traders often overlook how important a great stock trading computer is to their success. It is a misconception among traders that you can trade on any computer that is available. However, this is a huge risk and will inevitably result in lost profits. A trading computer is designed and built specifically for the use of trading stocks and currencies.

You might be able to get away with trading on your 10-year-old desktop, but if you do then you should count yourself lucky. All to often traders upgrade their computers only after they have experienced slippage or a lost execution. Successful traders know that this is a huge risk. Your stock trading computer needs to be able to process data in real time. Your trading software requires substantial processing power to complete this task. If you didn’t invest in a great trading computer 10 years ago, chances are that your old computer doesn’t have the ability to do any of the tasks that it will be asked to do for your trades. You need a ton of RAM and great graphics cards to run your trading platform and multiple screens. In your old computer, your processor is going to be very outdates and will act like a bottleneck for your trades. Even in the past 5 years processors have wildly changed. Intel just announced that their 2014 processors are 191% faster than its previous models released 5 years ago. You can see how dramatically technology changes and how your 10-year-old computer components won’t be able to keep up with newer tech.

All of this has the real possibility to end in a disaster for your broker account. Not only is it possible it’s almost a guarantee. You should invest in a custom built trading computer to make sure that all of your hard work is not lost on an underpowered trading computer. You can spend all day finding the 2 or 3 stocks that are going to breakout and make huge profits for you, but if your computer can’t execute that trade in real time all that effort was for naught.

You need speed and power to be able to complete successful trades. The best trading computer will offer you exactly that. You need these features to be readily available and to always provide you with a seamless experience during market hours. This means you need a great processor, tons of RAM, and a fast hard drive. A standard computer is not the same thing as a trading computer. If you don’t arm your business with a quality trading computer, you are selling yourself short.

No comments:

Post a Comment