History is in the making. Finally, computer software and hardware have reached levels that can make a big difference in a trader's success.
Multi-Core CPUs
There are two or more execution cores in a multi-core CPU, and they can be run at full-clock speed. Multiple applications, such as eSignal and a broker's execution page, chat room, etc., can easily be run simultaneously. Multi-core CPUs give you more speed and a smoother response while running multiple applications.
Next year, when Microsoft rolls out its new Vista 64-bit operating system, application programs will have even more significant performance improvements. The benefits of a multi-core CPU for a trader are performance, throughput, scalability, multi-tasking and efficiency.
Multiple Displays
Multiple display capabilities have been perfected for the trader. Multiple monitors are now a necessity to improve the trader's efficiency. Flat-panel monitors with a contrast ratio of 500:1 or higher are recommended. Popular sizes are 17-, 19-, 20-, 21- and even 24-inch. Computers can easily be configured to output to as many as 10 monitors. The most popular trader configuration is a 3- to 4-monitor system.
Software Developments
Trading software has significantly improved in the last two years to take advantage of the available powerful computer hardware. Many of these applications are more reliable and fault tolerant. They are now able to increase the trader’s productivity and are extremely usable.
Through back testing, a trader can develop a tradable system and fully optimize it to make money in the markets. Scanner applications can be used to screen hundreds of fundamental and technical data variables to identify stocks or futures that should be in a trader's portfolio.
To be up-to-date and competitive in the trading environment, you may need to upgrade your computer every 1 to 2 years (see the preceding chart). If you need help determining what configuration of trading computer you need to use, you can get a free evaluation by going to www.tradersworld.com/computers/freequote.htm |
