Share Trading Computer Setups

A state of the art share trading computer system is unlikely to make you a trading genius, nor improve your productivity, but it is certainly convenient (not to mention there's the cool factor). It can also boost your efficiency (i.e. cuts down on Alt+Tabbing). Make sure to assess your needs before sinking money into a super-advanced killing machine. For people counting pennies, ask yourself if you really need the the bells and whistles. Try going the upgrade and second-hand route if you're unsure.

System

Some people prefer to use custom-built systems than pre-built ones. Your choice. A mid-range system can set you back around $500 to $1000. Consider getting a dual drive. This can save you a migraine when one crashes. Same goes for LAN ports and data storage. If you are easily distracted by sound, get a triple-layer casing that reduces noise and vibration.

Day trading is a whole other animal. The usual day trader needs to run multiple programs simultaneously and can use three screens at the minimum. Day traders also gobble up tons of computer resources. Features to look for when getting a new day trading computer are speed, power and video card capabilities. If you are upgrading, get the latest computer processors. More power means less lag time when switching between tasks/screens.

Wait for brokerage firms to update trading and charting software before you get a brand new operating system.

Backup

DSL is DSL, but it is still subject to invisible powers that can kill your connection at the most crucial of moments. A backup is not only wise, but necessary. One trader uses a PC to run the main trading system and a laptop with mobile broadband for backup and viewing spreadsheets, ASF and email.

A twin WAN router is another option. It allows you to have both cable and DSL connections, and can combine the two to give you something similar to a T1 line. A twin WAN also has an auto switchover, when one of the services quits. In the absence of two Internet Service Providers, your hard disk drive should be big enough to mirror ASF in case you are cut off.