Finance - Forex Trading

Forex Trading: How to Setup a Solid Workstation? by Toby Smitz

Introduction

At first glance, it may not appear that important, but you will come to appreciate the wisdom of ensuring you have all of the tools necessary to make your currency trading experience a positive one.

Work Station Location

Choosing the right place for trading is your first step. Be sure not to rush into making this decision too quickly. Do you have a spare room? How about an office? The place you choose should be a place where you can concentrate and feel comfortable.

Trading Forex at times can be very stressful, so your trading area should be a place where you can relax. Avoid setting up your trading setup in your bedroom, as this could disrupt your sleep cycle. Having the right amount of rest and sleep is as important as trading forex itself. Keep this in mind.

Trading Computer and Accessories

One of the most frustrating events for a new trader is attempting with outdated computer equipment. The following list must not be ignored in acquiring adequate computer equipment:

Minimum Hardware Requirements:

• Pentium 3

• 256 MB Ram

• 20 GB HD

• 17” Monitor

• Fast Internet Connection

• Windows 2000, XP

• Antivirus and Firewall Protection

Whether you choose a desktop or laptop computer, be sure it meets the minimum requirements for the best operating results. You’ll also want to have a comfortable chair with adequate lower-back support.

Other useful accessories include: a small calculator, a telephone to call dealing desk if needed and a notebook to be used as a trading log.

Recommended Hardware Requirements:

• Pentium 4 2.6GHZ or better

• 512 MB Ram

• 100GB HD

• 2 17”monitors or 2 19” (LCD)

• FAST Internet Connection

• Windows XP

• Antivirus and Firewall Protection

Internet Connection

When you are a day trader, you will need a stable fast internet connection, avoid internet services where frequent disconnections are the norm, for longer term traders (such as o daily chart traders), you can use a dial up connection but still preferred is a fast stable connection to the internet such as ADSL.

Toby Smitz - Daily Operations


Forex Trading

Article Source: Forex Trading: How to Setup a Solid Workstation?