Are you looking for autonomy and flexibility in your day-to-day work? Do you love numbers and discipline? If so, then trading might be for you and you don’t need to worry about not understanding the markets. If I can learn about them then so can you. Like any good professional though, you’ll need to invest in your equipment.
Trading can be stressful and the last thing you need is your 6 monitor setup to fail you and go blank just at the crucial moment of communicating your latest trade. A great place to start is to check out the best devices online, like this store, where you can leave your name, email address for the best product updates.
Transitioning to Full-Time Trading
Depending on your circumstances, you might want to jump straight into trading with your 6 monitor setup. Alternatively, you might prefer to gradually build up your portfolio as you continue your day job.
For me, trading started as a hobby alongside my other career. With time though, I realized that trading could better support my goals and lifestyle choices.
By then, it was easy to make the switch and hit the ground running as a full-time trader with my multiple monitor setup. Basically, I knew that I loved working with numbers as well as the challenge of the markets. Let’s not forget how much fun it is to have a multiple-monitor setup.
Nevertheless, how can you make the decision to become a full-time trader?
- Know yourself and your skills
- Strategy and capital
- Find your trading platform
#1. Know yourself and your skills
Becoming a successful trader isn’t just about investing in a 6 monitor setup. You also need to understand your risk appetite and what time you have available for running a strong portfolio. For example, do you have a medium risk appetite and want to spread out your trades across the week? In that case, swing trading might be more suitable for you than day trading.
Once you have a sense of the best trading style for you then you’ll need to work out how to get your system started whilst working with monitor setups. Clearly, you’ll need a strong strategy. This should detail the size of trades and risk management rules that you’ll apply with your 6 monitor setup, amongst other things.
For example, a good approach is to know the percentage of your funds you’re willing to trade and potentially lose each time you click on your broker’s platform on one of your two, three, or 6 monitors.
#3. Find your trading platform
These days, trading has become accessible to anyone thanks to all the digital tools and online brokers and trading platforms. Moreover, gone are the days of squinting on a tiny display on monitors with low resolution.
Now you can spread out your charts and trading platforms to see everything all in one go across your 6 monitor setup. You’ll simply have to find the trading platform that offers you the right balance of fees versus the flexibility you need for your trading strategy.
Investing in the Right 6 Monitor Setup
Most traders agree that at least two or three monitors will help you be more effective. That’s because it’s much easier to view all the relevant charts and news information nicely spread out across a multi-monitor setup.
Whether you go for two, three, or 6 monitors though is completely up to you. You might even decide to start with perhaps two monitors and build up from there as you become more experienced.
That way, you’ll be sure to have the optimal 6 monitor setup that works for you. Either way, make sure you get the right equipment, as detailed below, that also gives you room for future growth:
- Device and processing power
- Graphics cards
Device and processing power
Choosing a laptop over a desktop or Mac over Windows 10 is a personal decision. Today, we have the luxury of choice because the technology is so advanced that even laptops have enough power to support a 6 monitor setup.
You’ll still have to verify that you have a RAM of at least 16GB, ideally 32GB or above, as well as a good processor with around 3.8GHz or above. Mac has some great processors although other top brands include AMD and Intel.
As traders, we need to be able to access charts and graphs instantly so any delay, including sometimes seconds, can cost us. That’s why it’s critical you check the specification of your integrated graphics card, sometimes referred to as a video card.
Most trading computers have Radeon or NVIDIA with 4GB or 8GB, sometimes 10GB, of GPU power. That’s essentially what powers your graphs and updates them in real-time.
Even with the best equipment in the world, if your monitor display outputs can’t keep up then there really is no point.
Most traders agree that a 24-inch screen with 1920 x 1080 is the basic minimum requirement and that it’s more than good enough. Although, some like to take this further with a 27 or 32-inch screen and a resolution of 3840 x 2160.
Ergonomics and Cables
Last but not least, you need to be comfortable. You could be spending hours are your 6 monitor setup so it’s worth investing in a good chair and desk.
Furthermore, you don’t want to be tripping over cables with your mouse or your feet when you get up for a break. Therefore, make sure that your power supply isn’t too far away. You’ll also need good cable management clips, ties, and belts.
It’s also worth bearing in mind that your most common DisplayPort outputs will be HDMI, VGA, DVI, and USB. You can therefore plan ahead and try to get some consistency within your connectors if you wish.
Final Thoughts on Setting up as a Full-Time Trader with a 6 Monitor Setup
Trading is an exciting and highly fulfilling business. You can make a very healthy and consistent yearly salary. Simply make sure that you develop a strategy with a solid risk management approach and that you get good equipment to support you.
That means checking your processing power, graphics cards, and screen resolution as a first step. From there, you’ll be on the way to enjoying your new life as a full-time trader.