6 Key Components For Your Home Trading Setup

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Loading... Loading... Time is money, and seconds matter when trading. Due to this, you need a powerful computer that can execute your orders as fast as possible. To achieve this, you need to set up your computer properly. Are you wondering which are the key components for your home trading setup? Here they are: Processor/CPU The processor performs all computations, processes instructions, and ensures that your applications execute swiftly and efficiently. Being cheap on this would cause your computer to lock up or freeze, and you don't want this. A decent trading computer should be able to process a significant volume of data quickly. Sometimes, you’ll need to have numerous windows open at the same time, each streaming a tremendous quantity of real-time data, all while performing lightning-fast trades when every second (or less) counts. When selecting a CPU, you should consider its clock speed (measured in GHz), which indicates how quickly it can execute instructions, as well as the number of cores, which indicates how many instructions it can manage. Some CPUs have many cores, allowing them to process different tasks independently, which can significantly outperform single-core trading systems. For trading, you need to use a quad-core configuration with at least 2.8 GHz, but 3.3 GHz or more is preferable. This is one of the best processors for trading, but there are better options that you can find at Boost Hardware. Check them out. RAM RAM (Random Access Memory) helps you to accomplish daily operations on your machine. To put it simply, the more RAM you have, the more tasks you can complete at once. So, while the CPU is responsible for receiving and executing commands, without enough RAM, you can’t even have those programs open at the same time to send those commands. The good thing is that RAM is inexpensive. While this is the case, you should note that there are lower and high end RAM. The key difference between lower and higher-end versions is the memory clock speed, which is similar to the CPU clock speed. For trading purposes, you won’t notice much of a difference in higher-end RAM unless you want to do intensive Photoshop and video editing work while running five platforms at the same time. Even if you are into 1080p gaming, 32 GB of RAM is overkill, making it completely unneeded for trading. In most cases you can do with 8GB – 16 GB of RAM. Graphic Cards The optimum graphic card for your trading PC is determined by how many monitors you use simultaneously. While some traders make do with only one or a few monitors, each running numerous windows or split screens, the majority of successful traders eventually move to a high number of displays to successfully watch more stocks at once. Your graphics card is powered by GPU, which is essentially RAM dedicated to graphics processing. For the best outcome, your trading machine should include a graphics card with at least 2 GB of GPU. Multiple Monitors As a trader, you need to keep an eye on several things at once. A decent trading computer build should be able to run multiple monitors at the same time, giving you instant access to the data you need without having to switch between different tabs or windows. The number of monitors you need for your trading PC is a personal decision, depending on your expertise and what works best for you. You can choose from a wide range of wall mounts and desk mounts to arrange your monitors exactly how you like. While this is the case, the resolution of your display is an important consideration. The resolution of a monitor determines the quality and clarity of the images displayed. For your trading PC, your displays should display sharp, high-quality images so that you can swiftly digest the vast amount of real-time information on them. For the best outcome, ensure that your trading computer monitors have a resolution of 1080p since this will provide you with some of the best visuals. The cool thing is that high-quality monitors are often inexpensive, so you won’t have to spend a fortune on the ideal display setup for your trading strategies. Internet This is self-explanatory. You want something fast and dependable that won’t cut in and out while you’re making your trades. You should note that without a steady internet connection, you will be unable to trade properly, regardless of whether you have a $10,000 computer setup. You should undertake comprehensive research on all of the internet providers in your area, as well as ask your neighbors about their internet connection and how steady it is. When it comes to trading, the most crucial factor is reliability. If a connection is slower but significantly more dependable than a faster but unreliable counterpart, choose the former. When traveling, always ensure that you have access to a dependable internet connection or avoid trading altogether. Trading with iffy public WiFi is a no-go. Aside from the fact that it will most likely be slow due to 100 people using it at the same time, you are also putting your account information in danger from hackers. Instead of connecting to the WIFI, find a place that allows you to communicate via an Ethernet wire immediately. This is because direct connections are more dependable than WiFi. Hard Drive Solid State Drives (SSD) have fast become the standard for new devices, and for trading, and you should go for them. SSDs access data far quicker than traditional hard drives, allowing your computer to start up and open apps much faster. Putting It All Together As much as you want a powerful trading setup, you shouldn't spend a fortune on it, as there are plenty of cheaper ways to go about it. Take the time to shop around and see what is available for you. When you are setting up the computer, you have the option of spending your money purchasing your trading computer in components and then assembling it yourself or hiring a local computer specialist to do so for you. It's all up to you. Image sourced from Pexels. This post was authored by an external contributor and does not represent Benzinga’s opinions and has not been edited for content. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice. Benzinga does not make any recommendation to buy or sell any security or any representation about the financial condition of any company.