Aug 16, 2008

Forex trading tools, your personal computer

The forex trading tools such as a trading account and charts, but your owner computer is an important tool in your trade.

You need a quick computer in your forex scalping, but the lame computer with slow Internet speed can't walk

As a Forex trader you need your charts to display the date price, and you need your brokerage software to execute a trade promptly. Even with the best computer and fast Internet connection you will still have some lag time (not to mention how long it takes for you to move your mouse and click to begin a trade day). Often as a scalper you’ll experience missing out on a few pips (of lost profit) because of slight inefficiencies (somewhat frustrating at times), but if you have to deal with a painfully slow computer and slow Internet connection speed then you will soon be tempted to introduce your computer to a sledge hammer. In the forex world lost seconds means lost pips which means lost profits. Even in a single day of trading forex this can add up to hundreds of US dollars, even thousands, of missed profits.

The first thing to do be sure that your computer is running your trading tools easy, faster and correctly is to not have any other programs running on your computer while trading. because this maybe open eats up your computer’s resources, which can mean that your charts are not refreshing as fast, and it may take long time to execute a trade.

1 comment:

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