The best desktop configuration for fast speed (online trading)?
Which should be the config if I want to buy a computer for online trading. My current computer is 6 years old.
I need fast speed over internet. No gaming. Just serious business and fast speed.
Thanks for reading my question and Thanks in anticipation of a good response.
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Consistently making money from trading is a challenge that even the most successful traders are constantly looking to overcome. It is relatively easy to be successful on a few trades, only to give it all back on one bad trade. This is an ongoing issue that will exist as long as you trade any kind of financial exchange traded product. As a professional trader, I am familiar with just about every emotion that a trader can experience throughout their career. The skill of keeping profits and building your account, is a skill that requires constant attention, no matter how much trading experience you have. The best and richest traders in the world are not immune to suffering staggering losses from one or a series of losing trades.
1. Know Your Market
One of the top ways to improve your trading is to specialize. There is nothing wrong with trading various financial products, I do it and I know that many successful traders do it. But I must admit that I have a tendency to trade better when I have a good understanding of the particular instrument and market that I am trading. Trading between stocks, commodities and forex can require a significant amount of time and focus. It is good to be familiar with all of the markets, because it helps you understand how different markets react to each other on a global scale. But being able to understand the price action and personality of a specific market that you trade, can help you to become extremely successful in that market without having the additional responsibility of managing different positions in different markets.
2. Follow the Major Trend
I cannot express the importance of understanding and following the major trend as one of the most important ways to improve your trading. Over 90% of my profitable trades were the result of following the major trend of a specific market based on daily charts and weekly charts, and over 90% of my losing trades were the result of trying to fade or ignore the major trend, and trade based on my opinion of what I thought was going to happen. In forex I sometimes use 4-hour and daily charts, but I always look at daily charts to find the major trend. It is true that the trend can change or retrace at any moment, but from my experience, understanding and following the major daily and weekly trends has made me money most of the time.
3. Trade Less and Smaller
The third way to improve your trading is to trade fewer shares, lots or contracts until your analysis of the market has been confirmed by price action. The ability to do this while, being more selective about your trades can help you avoid overtrading and entering too many bad consecutive trades which damage your account and can affect you psychologically. Remember, you are risking capital by trading in order to make money and be profitable, not just to be in a trade. I hope that using this information will make you richer and more consistently successful as a financial trader.
tradersmakemoney.com has FREE TREND ANALYSIS, articles and FREE TRADING VIDEOS of Stocks, Forex/Currencies and Futures markets that you can use immediately.
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