Whether you’re an expert trader or a complete novice, the latest technology will quickly become your new best friend when entering the complex world of trading. You can research all of the best forex tips and revise the best times for highs and lows, but without the right trading products, your knowledge and experience may not generate the results you want and need.
Here’s our guide to the best tech products for traders this year – from the office to the times you just need to switch off.
For the office
First things first, you need to get the essentials for a day of trading. Whether you’re trading from the work office, your living room or even from the comfort of your own bed, there are a number of must-haves for every trader. First off, a quick and delicious coffee machine is a staple in most traders’ offices. A constant supply of caffeine should carry you through a stressful day of trading.
Of course, you simply cannot master the trading game without a constant stream of statistics. So, you’ll need at least one good monitor, maybe two or three if you want a welcome distraction. A Smart TV will also come in extremely handy to stay up-to-date with the latest stock news, such as the live CNBC channel. You can also set up your television to provide social media updates and to watch trading videos.
On the move
Once you have your office space fully equipped for every trading eventuality, you need to get your on-the-go kit ready. Sometimes, you may not be able to make it into the office on a key trading day. But with a mobile kit, you’ll be able to continue trading whether you’re stuck in rush hour traffic or relaxing in a hotel room.
The most essential piece of tech for on the move trading is a good tablet or smartphone. You’ll need your device to be able to handle a lot of information, so you can keep checking the stock market ready to make your big sell. With that in mind, it’s probably best to avoid the weak, budget smartphones and go for something powerful with a good battery life.
Make sure your device is filled with the best trading apps, so you can do your research before making a decision. And finally, a portable charger and mobile internet hotspot and essential to avoid the stressful realisation that your Wi-Fi signal has been lost, or your tablet has died, when you’re on the cusp of a huge sale.
We understand that, for traders, switching off from the stock market can be tricky. Whether you’re a professional or just trade for fun, the obsessive nature of the industry can make it difficult to unwind after a long day trading, or to stop your finger itching for your smartphone to check the market. But in order to have a successful and enjoyable life, you must be able to balance trading with the rest of life.
Perhaps investing in a luxury massage chair could help you to stay relaxed while trading. Or, if you simple cannot bear to switch off, set your smartphone or tablet to alert you to any significant changes in the stocks. If your product dips below a certain number or sky-rockets for instance, you will get a handy alert, so you’re never at risk of losing out, even during your downtime.