Are you passionate about numbers and want to control your working hours? It’s currently very straightforward to launch into a trading station, partly because the setup costs are affordable.
Although, it’s also because digital technology is now such that anyone can trade online from home. Having said that, you still need a budget for your 6 monitor setup.
So, check out tradingcomputers.com to give you an idea of the equipment that’s available. Why not go one step further and supply your name, email address to get regular product updates?
Designing your Trading Station Budget for your 6 Monitor Setup
Before you get started with your multi-monitor setup, you still need to have a plan. For instance, which securities are you going to trade, and how much time a week do you want to commit? Developing a bit of a plan will also give you a sense of whether trading station is right for you and if it can support your lifestyle and needs.
Therefore, have a think about the following before jumping into buying your setup:
- Strategy and funds
- Risk management rules
Strategy and funds
If you want to work as a trader, you’ll need to learn about the markets and be willing to keep learning and evolving. The good news though is that you can start forex trading with as little as $50.
On the other hand, if stocks are your thing then the US requires a minimum capital of $25,000.
Risk management rules
Some famous traders have previously stated that trading is about protecting your money. Therefore, having some rules such as only trading 1% of your capital per trade can help you in the long run.
In fact, successful traders build up slowly with discipline and consistency. Regardless of whether they have a two, three, or 6 monitor setup, they keep on top of their charts and data and watch the trends. Trading isn’t about gambling but about reading the markets with the right multiple monitor setup.
Your Ideal 6 Monitor Setup
Most traders agree that having two, three, or 6 monitors will enable you to be more effective. How many you start with then depends on your preference. Regardless, you still need to consider some specifications for your multi-monitor setup, as detailed below:
- Desktop or laptop
- Processing power
- Graphics cards
- Desk and add-ons
Desktop or laptop
With laptops being just as capable of powering a 6 monitor setup, you can choose pretty much what you want. Laptops are still slightly more expensive than desktops because all the components have to be more compact, including the power supply unit.
Although, with the trading power you need, you’ll find that they’re comparably ranging between less than $2,000 and up to $4,000.
Whether you opt for a laptop or computer, make sure you use a device with at least 16GB of RAM, ideally 32GB, and a good processor with 3.8GHz or more.
Mac has some great processors but if you’re using Windows 10 then you’ll want AMD or Intel for your monitor setups.
One of the most important components for generating your graphs and charts is the integrated graphics card or video card.
Although, some traders go as far as creating their own device with an external motherboard to which they connect their specified graphics card.
That way, they can be sure to have the best brands, either Radeon or NVIDIA, and with perhaps a GPU power of 6GB or higher. For these, you can expect to pay an average of $300.
Resolution is your main concern when working out what screen and display unit you need. The majority of traders tend to go for the 24-inch screen with 1920 x 1080 although of course, you can go higher if you wish.
Generally, though, you can expect to pay around $100 to $200 per monitor.
Let’s not forget all those cables that you need to manage for any multi-monitor setup. First, you’ll want to check the DisplayPort outputs on your device and then find the matching cables.
The connectors tend to be HDMI, VGA, DVI, or USB ports. Then, it’s simply a question of connecting our 6 monitor setup in order and then to your power supply. In terms of cost, cables are only tens of dollars.
Traders can spend hours every day in front of their screens so you need to be comfortable. Moreover, you don’t want to strain your neck and shoulders when working at your 6 monitor setup.
It’s therefore worth investing in the right ergonomic chair which can go up to one or several thousand dollars. Having said that, you can get a perfectly good one for $300 to $800, including a 10-year warranty.
Final Recommendations for your 6 Monitor Setup Budget
Putting together a budget for your multi-monitor setup involves thinking ahead slightly. You might also decide to spend a bit more now in order to have something that’s more durable and can be upgraded more easily. Either way, you can expect to pay anything from around $3,500 to $10,000.
Like anything though, first, list your equipment and then work out where you’re happy to sacrifice. Don’t forget that you’ll also have your trading station funds and overall plan for making your long-term profits.
If you’re in it for the long run then don’t shy away from spending a little bit extra now. Then you can focus on becoming the best trader you can be.