Hello My Name is Eddie Z, I’ve been trading the stock market and other financial markets for over 20 years. Additionally I have been building, testing and configuring trading computers, stock trading computers and multi monitor trading computers since the first day I need real time data. As a full time electronic markets trader and computer nerd, I offer traders a unique perspective into trading computers.
A question I get asked all the time is: How do I compare trading computers? It’s a very good question. There are a lot of trading computer companies out trying to sell you hardware that you may or, in many cases, may not need. Many websites that focus on trading computers, stock trading computers and multi monitor trading computers give you so many options that it is very easy to get confused.
The main factors in evaluating trading computers are: Processing Power, Quality of the Components, Technical Support and Warranty Provided and of course Price. Let’s look at each.
Processing Power: When it comes to multi monitor trading computers, traders should never ever skimp on processing power. Generally, Traders should obtain the highest level of processing power that they can afford. In addition to considering the power of the processor itself, important consideration must be given to the motherboard chipset used and thetype of the hard drives used. Be wary of builders of trading computers that do not disclose motherboard manufacturer or chipsets used. They are most probably using questionable quality, inexpensive boards in an effort to make more money.
Quality of Components: Traders need to be aware of the various components that go into trading computers and stock trading computers.It is even more important to understand know which brand names are the best, have the best manufacturers warranties and which ones have the least possibility of failure.
Technical Support & Warranty: Most computer builders and manufacturers these days only provide 1 Year of technical support. Usually, as most of us already know, that tech support is handled by an overseas outsourced company and communication is notoriously difficult. Ideally, tech support should be US based and have a complete understanding of your trading computer configuration and how trading software functions on a trading computer. When it comes to the warranty, most trading computer companies provide 1 Year. Generally speaking, most make you pay for additional years of warranty. As a trader, you should be careful when dealing with a company that doesn’t back its machines or charges you extra for service that should come with the trading computer.
Price: Price is always an important factor when considering a major purchase. The absolute lowest available price should not be only criteria for purchase.
In conclusion, you must do your research before spending thousands of dollars on trading computers, stock trading computers or multi monitor trading computers. All of the above factors must be weighed equally to determine what trading computer is the best value. If you are a trader, it’s of the utmost importance that you know what components go in to your machine so that you don’t get ripped off due to lack of know-how. There are trading computer companies out there that are willing to rip off traders who don’t do their research!