One of many frequent questions I get requested by readers is what number of pc displays are required to start day buying and selling. On this article, I’ll clarify why day merchants use a number of displays, my advised monitor setup for starting merchants, and the right way to know when it is necessary so as to add further displays to your buying and selling setup.

Why Use A number of Displays?

Day merchants use a number of displays to extend the quantity of data (charts, indicators, filters, alerts, and so forth.) they will have available. As day buying and selling is all about gathering and analyzing data to make fast buying and selling selections, a number of displays enable day merchants to keep away from having to inefficiently change between minimized home windows as a result of a scarcity of display house. Having quick access to the buying and selling data you want permits for sooner decision-making and fewer keystrokes.

How Many Displays You Want

Whereas the variety of displays it’s possible you’ll want will rely in your buying and selling model and what instruments and providers you employ, my basic advice for starting day merchants is to make use of two displays. On the primary monitor, I like to recommend that you just place your buying and selling platform so you possibly can all the time have your order entry and positions instantly accessible. The second monitor is the place I like to recommend you retain your charting platform (or the charts out of your buying and selling platform when you additionally use it for charts). This manner, you will have quick access to each your buying and selling platform and your charts with out having to squeeze all the pieces onto one monitor or change between home windows.

When To Add Extra Displays To Your Setup

As you progress as a dealer and refine your methods, it is pure to seek out further indicators, filters, or alerts that make it easier to in your buying and selling. With these newfound instruments, nonetheless, comes an elevated want for display house. The simplest option to decide when you ought to add further displays to your buying and selling setup is that if there may be data that you must commerce that’s tough to entry as a result of restricted quantity of display house. As I’ve added instruments to my very own buying and selling toolbox, I’ve additionally added on further displays as a way to have these instruments instantly accessible always. Given the comparatively low price of pc displays, I’ve discovered that these displays have been a superb funding as they’ll pay for themselves with a single profitable commerce.

Conclusion

The aim of your buying and selling setup is to offer you quick access to the buying and selling data you want. Whereas your buying and selling model will in the end decide your monitor wants, a easy two monitor setup as described above will go well with the overwhelming majority of starting day merchants. No matter what number of displays you determine to make use of on your buying and selling setup, it is vital to keep in mind that your buying and selling wants ought to decide what number of displays you want and never the opposite method round.