Trading Station Set Up for Forex and Stocks
Trading station is your workplace as a forex or stocks trader. When you have a good trading station, you can improve your trading performance because your trading room has a big impact on how you think to improve trading.
What is the best trading station set up for forex and stocks? In this article we will talk about the recommended set up for your trading room especially when you need to create one for your trading business.
Trading Station – Why You Need to Have as a Trader
Many traders whether they trade forex and stocks only use mobile phones. Because of the trading apps they can download and use for their trading business.
Do you know why you need to create a trading station? First, you need to focus and improve your trading performance. Second, you will learn a lot when you have a trading station.
TRADING STATION GOOD SET UP FOR BETTER PERFORMANCE
- Neat and Clean – White/Light (not dark)
- No Fancy Decorations
- Only Chart and Motivational Displays
- Simple but with Good Ambiance, Good Scent (lavender)
Things to Have Your Trading Station
- Computer/Laptop (i3 to i7, at least 3 gb ram, 256gb HD) – prefer to have a i3 to i7 processor with at least 3 gb ram with at least 256 hard disk.
- Phone/Tablet – these tools will use as a back up for power interruption
- Trading Journal – write your trade so you will assess your trading performance and figure out what went right and what went wrong in your trading strategy.
- Calculator – use to figure out the risk and reward, also use online position size calculator
- Pen or Pencil – use in writing in your trading journal
- Music – having a music background will not make your trading station very boring (just a little bit boring), add hip hop or reggae music background (not too loud nor too soft).
I hope you enjoyed this article, share this with other forex trader and stocks trader who wants to set up their own trading station! Thank you!