What trading hardware does it take to get started?



If you start trading , you're still not sure what hardware you need. If the equipment does not make the trader, it contributes substantially. Good equipment in good working order is a guarantee of success. 

1. Computer and Internet connection




First of all, to start trading you have to have a computer and a fast internet connection like ADSL. Ideally your computer should have a powerful processor, high RAM and a large screen size of at least 20 inches. Today, trading platforms provide you with all the tools you need to analyze the market. However, in order to optimize your understanding of these tools, the size of the screen becomes a very important element for the trader. 



Many traders use two or more screens to improve decision-making and visibility on each trader. They use one or two screens to follow the courses and others to do the respective technical and fundamental analyzes. It may also be of interest, Opt for a two-screen (or more) trading station but the average cost of such equipment is close to 2000 euros . 

The size and resolution of screens are also fundamental elements for trading. These elements optimize the management of positions and reduce the fatigue of an activity such as trading. In addition, in order to improve your market performance and your stress management, it is also recommended to have a very comfortable office chair (yes, this is a not-to-be-forgotten item), given the The amount of time a trader sits in front of his screens. 

As far as internet connection is concerned, it must be fast enough to allow you to react effectively. This point is very important for traders. A slow connection can cost you a lot. It is best to check with major suppliers such as Numericable, SFR or Free.

2. Real-time financial information flow




Beyond the technical analysis tools needed to build your trading strategy, you need to have one or more real-time access to a financial information flow. The must is obviously to turn to the market giants like Reuters or Bloomberg . However, the quality has a cost that are not ready to bear all investors, especially beginners. To access the flow of Bloomberg, it is necessary to count on average 1600 euros per month . This allows you to have direct access to information that influences the market but also to chat with a community of traders via internet chat. 



The flow of Reuters is a little cheaper, in the order of 1400 euros per month . Reuters is certainly the reference for the flow of Information with its many dispatches and also several tools like Reuters Messenger, or Reuters Dealing. In both cases, in addition to the mentioned price which corresponds to the license, a supplement of approximately EUR 60 per month is required for access to the Euronext-type scholarships. 

For traders who do not have the means to invest as much, or simply do not plan to trade their main activity, there remains a free solution, that of finding on the Internet sites that offer analyzes and flows in real time. The only problem is that the analyzes are relatively inadequate and, above all, they rarely cover all the financial news. In addition to the mentioned price which corresponds to the license, an additional fee of approximately 60 euros per month is required for access to the Euronext-type scholarships. For traders who do not have the means to invest as much, or simply do not plan to trade their main activity, there remains a free solution, that of finding on the Internet sites that offer analyzes and flows in real time. The only problem is that the analyzes are relatively inadequate and, above all, they rarely cover all the financial news. In addition to the mentioned price which corresponds to the license, an additional fee of approximately 60 euros per month is required for access to the Euronext-type scholarships. For traders who do not have the means to invest as much, or simply do not plan to trade their main activity, there remains a free solution, that of finding on the Internet sites that offer analyzes and flows in real time. The only problem is that the analyzes are relatively inadequate and, above all, they rarely cover all the financial news. For traders who do not have the means to invest as much, or simply do not plan to trade their main activity, there remains a free solution, that of finding on the Internet sites that offer analyzes and flows in real time. The only problem is that the analyzes are relatively inadequate and, above all, they rarely cover all the financial news. For traders who do not have the means to invest as much, or simply do not plan to trade their main activity, there remains a free solution, that of finding on the Internet sites that offer analyzes and flows in real time. The only problem is that the analyzes are relatively inadequate and, above all, they rarely cover all the financial news.
High-frequency-trading-2 m



3. Excel or a Financial Calculator




In trading, before taking a position on the market, it is necessary to make several calculations. Among the most important are the level of acceptable loss, the profit target and the spread , among others. To make these calculations, you must have a powerful tool at your disposal. A financial calculator or Excel software will generally be preferred, depending on the sophistication of the operations to be performed.

4. Trading log




Finally, it is recommended to keep a history of your transactions so that you can analyze and test your strategy continuously. Normally, most trading platforms include this option. However, in order to guard against a technical failure, a notebook of schoolboy still does the job and will allow you, with a few pencil shots, to keep a trading log that you can consult at any time, and even take with you In transport if you opt for a small notebook.

Your shopping list:

- a fast and secure internet connection such as ADSL (average 30 euros per month with new offers all inclusive)

- a computer that allows you to open multiple windows or a two-screen trading station (average 2000 euros)

- access to a flow of financial information (up to more than 1600 euros per month)

- an efficient calculator or the Excel file to perform calculations (average between 50 and 150 euros)

- a school notebook to keep your trading journal (average 4 euros)


Comments