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If you’re motivated, patient, dedicated, and committed, there is no reason why you shouldn’t be successful trading the markets! With the right education and strategy, you can take advantage of the numerous trading opportunities in various markets. But it’s important to use the right tools, especially in the fast-paced world of trading. Let’s have a look at some of the most popular gadgets for online traders.

High-Performance Desktop or Laptop

The backbone of any trading operation is a high-speed, reliable computer. Opt for a machine with a robust processor, ample RAM, and sufficient SSD storage. A powerful GPU can also aid in rendering data-heavy charts quickly. Some traders swear by custom-built desktops, while others prefer the flexibility of high-end laptops.

Ultra-Wide or Multiple Monitors

Not used for trading, but the Samsung C49RG90 gives a huge amount of horizontal screen real estate

Traders often need to watch various markets, read news, and execute trades simultaneously. Investing in an ultra-wide monitor or a multiple monitor setup can be a game-changer. The extra screen real estate allows you to manage multiple windows effortlessly. Look for monitors with low latency and high refresh rates for smoother transitions and crisp visuals.

Standing desk

Flexispot E7 Pro Plus Standing Desk

Actively trading the markets means that you always need to be in front of the charts to analyse the markets and take advantage of opportunities when they present themselves. More and more traders are using trading standing desks, allowing them to trade standing with a trading space always looking neat and clean, staying energised on their feet. Depending on your overall computer setup, you can find a height-adjustable standing desk with two, three, or more screens to help you scan the market uninterrupted.

Ergonomic chair

Flexispot BS11 Pro Chair Mesh Chair vs Hinomi H1 Pro
Flexispot BS11 Pro Chair Mesh Chair vs Hinomi H1 Pro

If you still prefer to trade sitting down, you will need to have an ergonomic chair that provides a comfortable, yet efficient and healthy, workstation. Look for a high-quality chair that will provide great support for your back if you need to spend hours in front of the screen, taking into consideration the angle for the back of the chair, the chair height, the angle of the arms, the way your feet stand on the floor, etc.

Trading keyboard

If you’re an active trader, a trading keyboard might be useful to open and close your trading orders more quickly. A trading keyboard will be useful to be more flexible in implementing your trading setup with custom buttons. You can use hot keys mapped to personalised commands built into your keyboard, such as ‘cancel all open orders’, ‘Buy/sell at market’, ‘Scale positions’, and ‘Replace order’, among others.

Blue-light glasses

Being an active trader means that you have to follow the market. Spending hours looking at your screens could damage your eyes over time. That’s why some traders use blue light glasses. Wearing protection against blue light exposure is said to help reduce eye strain and risk of eye diseases, promotes better sleep, and helps combat headaches.

Noise-Cancelling Headphones

If you trade in a noisy environment or just want to focus better, a pair of noise-cancelling headphones can help. Some headphones also come with built-in microphones that can be useful for video conferencing or voice commands.

USB Docking Station

Ugreen 9-in-1 USB-C Docking Station Review

If you’re using a laptop, a USB docking station can help you easily connect multiple peripherals, including extra monitors, keyboard, and mouse, essentially transforming it into a powerful desktop setup.

A Good Quality Router

A stable, high-speed internet connection is vital. Consider investing in a high-end router. Network switches can also be crucial if you’re running a multi-device setup.

Mobile Router for Backup Internet Connectivity

Netgear Nighthawk M6 Mobile Router

Following on from the previous recommendation, I’d recommend investing in hardware that gives you a backup Internet connection. You can buy LTE routers that can be set up to use 4G/LTE as a failover or alternatively, you can use a dual-WAN router and then use a good quality mobile router for a backup. I am not a trader myself, but Internet connectivity is essential for my work, and I use the EnGenius ESG510 Cloud Managed Dual SD-WAN Gateway combined with the Nighthawk M6 Pro 5G mobile router.

Uninterruptible Power Supply (UPS)

In the world of trading, even a minor power outage can result in significant financial losses. An uninterruptible power supply ensures that you have enough time to save your work and shut down your computer properly in case of a power cut.

Smartphone or Tablet

Sometimes you need to trade on the go, and for those times, a high-end smartphone or tablet with a reliable trading app is invaluable. Ensure that the device you choose has a good battery life and supports all the functionalities you’ll need for mobile trading.

Bottom line

By equipping your trading workspace with these gadgets, you’ll be well on your way to creating an environment that minimises inefficiencies and maximises your trading potential. The right tools can make all the difference, letting you focus on the numbers rather than grappling with technological hitches.

[Original Post: September 22, 2021]

[Updated: September 11, 2023] Added additional recommendations

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