What to Look for in a Computer for Trading
As you’re browsing around through trading computers, you have to ask yourself a couple of important questions. Having the answers to these questions will allow you to choose the ideal computer for trading for your personal trading setup. It’s important that you have a machine with stellar components and awesome speed and performance. Without those characteristics, you’re setting yourself up for daily headaches. In order to get the best trading computer for you, you’re going to need to do a bit of match-making.
What Type of Platform Do you Trade On?
The first thing you should identify is whether you’re using a web-based or desktop-based platform. There are web trading platforms like ETrade and Fidelity, while TradeStation and MetaTrader are desktop-based platforms. When you’re using the newest platforms out today, you’re going to need lots of memory RAM to meet its demands. Desktop trading platforms use a lot of space on your PC to run, so you’re going to need to ensure that you have a minimum of 6 GB of memory RAM. On the other hand, if you’re using Internet-based trading platforms, then you’re going to need wifi and Ethernet plugs that are very fast and a computer that is just as fast.
Does the Computer for Trading Have 2 DVI Outputs?
If you purchase a computer for trading that doesn’t have two DVI outputs on the graphics card, then you’re not going to be able to connect multiple monitors – something that high frequency day traders need. Most day traders have at least two monitors connected to their machine, while others have up to eight monitors. How many monitors you need all comes down to your own preference. If you’re an occasional investor, then the need for multiple monitors isn’t mandatory for you. When buying trading computers, you should check to make sure that the computer case and motherboard are capable of expansion.
Does it Come with a Solid State Drive?
You’re going to need a fast processor, fast RAM and to top it off, a fast hard drive. The fastest on the market today are solid state drives. Unlike with the magnetic hard drives, it doesn’t have moving parts that can be too slow for the fast-paced world of day trading. The technology is out there, so make sure that your trading PC comes with one or two.
Once you have found the trading computer for you, make sure that it comes with at least three years of useful life, which can be ensured with a three-year warranty.
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