How Multiple Monitors Help in Identifying Trading Patterns and Opportunities

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August 18, 2012

Having a multi-monitor setup for day trading is required for high frequency day traders. Instead of crowding every open window onto one screen, you can easily map everything out across multiple monitors. It’s like having a properly organized desk of files. When you have multiple screens, you’re able to have an eye on everything at one time.

Dedicate Each Monitor to a Specific Task

Day traders are multi-tasking nuts, so it’s imperative that they own multiple monitors. If you’re the type of day trader that is constantly clicking through multiple open windows, then you know how frustrating it can be. Having a designated monitor for each application you’re running makes day trading a breeze. This allows you to focus more on the data and less about the task. For instance, one monitor can be dedicated to your charts, another to indicators, another to indexes, another for your current positions and another solely for Web surfing (if you don’t have a separate computer for that purpose). You’re at a disadvantage if you don’t have a bird’s eye view of all your running programs.

Spreading Out Your View of Your Charts

Trading computers that have multi-monitor setups can be used to view multiple charts at one time. If you like to keep certain indexes open at different time intervals, such as S&P and the like, then you would benefit from having multiple monitors. The only thing you’ll have to worry about is digesting the overload of data you’ll be getting!

Browse for News and do Research Simultaneously

When you have a powerful computer with multi-monitors, you can watch CNBC breaking news, browse major stock info web sites and do research, all the while keeping an eye on your current positions in the market. Having the ability to multi-task will help you to stay ahead of the game or at least within the pace of the market. Doing research on companies before buying their stocks is something traders should be doing, so use this to your advantage without turning your back on your stocks. If you have everything set up accordingly, each monitor will have a designated task to watch over, so you aren’t ever blindsided.

Multiple screens have to be one of the best inventions for trading computers. It enabled fast thinking day traders to jump from one place to another at any given time, while still watching over their positions. Traders are able to use multi-monitor workstations to identify different patterns in the market because they can see multiple charts and indicators at once. If you’re looking to get maximum visibility of what’s going on in market, then this is your best bet.

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