In order to trade effectively, you require the best brokerage, a reliable trading strategy, and a dependable output device. A top-notch trading monitor is essential for accessing critical trading information and staying updated on market patterns and economic conditions. Selecting the right monitor can significantly enhance your trading performance. Here, Traders Union experts explore the six best trading monitors for forex traders in 2023.
Best trading monitors
If you’re serious about trading, finding the best monitor for trading can significantly boost your performance and stay ahead in the markets. Discover top trading monitors that elevate your trading experience and help you achieve financial goals:
- Samsung CHG90 Series 49“ – Best trading monitor with an ultrawide screen
Pros: Quantum Dot Technology, reduced input lag and ghosting, excellent image quality, High Dynamic Range (HDR) integration.
Cons: Some users may find it expensive.
- Dell U4320Q
Pros: Picture-by-Picture feature for multitasking, auto-restore feature, supports multiple charts, 4K technology with Vesa interface.
Cons: Not suitable for novices, requires a sizable desk space.
- LG 34WN80C-B UltraWide Monitor
Pros: On-Screen control options, built-in speakers and sensors, excellent gradient handling, height adjustment feature.
Cons: Relatively high price considering its size.
- HP X27q 27″ WQHD
Pros: Wide viewing angles with AMD FreeSync Premium, vertical tilt and rotation options, thin edges for dual monitor setup.
Cons: Eye-ease coating lessens image quality, limited swivel options.
- ViewSonic 32 Inch 1080p Widescreen
Pros: Dividable screen with ViewSplit software, premium IPS panel for clear charts, bezel-free design.
Cons: Features could have been richer.
- Samsung J791
Pros: Intel Thunderbolt 3 display splitter, HDR support, 1 ms response time, wide horizontal workspace.
Cons: Poor viewing angles, potential glare issues.
Choose the right trading monitor that suits your preferences and enhances your trading performance.
How much does a trading monitor cost?
According to TU analysts, trading monitors come in a wide price range, from slightly above $100 to well beyond $2000, but most are priced between $200 and $500. In this range, you can find 1-2 monitors with exceptional features. If you’re new to trading, starting with budget-friendly monitors is recommended, and as you advance in your trading career, investing in high-quality monitors with configurations priced between $500 and $800 becomes a viable option.
Laptop vs Trading monitor
Analysts at Traders Union consider that it is important to recognize that both desktops and laptops have their merits for trading, but one may better suit a trader’s specific needs. Desktops excel in providing more processing power and built-in customization options, making them a top choice. On the other hand, laptops offer undeniable portability, allowing swing traders and long-term investors to access the necessary information from anywhere, providing flexibility.
However, when it comes to day trading, a desktop offers a significant advantage due to the abundance of data to scale and monitor. Setting up multiple screens becomes easier, and the quick and powerful nature of desktops is particularly beneficial for day traders. For optimal productivity and reliability in day trading, choosing the best trading monitor becomes essential. Check also the TU experts’ article about weekend trading on Forex which is very important.
How to choose the best day trading computers?
When considering the best trading monitor, the computer’s functionality becomes a crucial factor for optimal performance. Real-time data requires sufficient processing power to avoid missed trading opportunities. Here are essential system requirements for a successful trading experience:
- RAM: A minimum of 8 GB RAM is necessary for speed and adaptability. For multitasking, 16 GB or more is recommended.
- Processor Speed: A quad-core 2.8GHz processor (such as Intel i5 or i9) is preferred for quick operations.
- Hard Drive: Opt for a 250GB SSD hard drive for swift data storage, using the primary hard drive for reliability and a separate SSD drive solely for trading.
- Battery Life: Longer battery life (at least eight hours) is beneficial, especially for traders in areas with power issues or emergencies.
- Display: Choose a high-quality monitor to ensure clear images and top-notch performance in trading. Consider important factors when selecting screens for trading.
Conclusion
Having the right trading monitor is crucial for effective trading, providing access to critical information and enhancing performance. Traders Union analysts have explored the top trading monitors for forex traders in 2023, offering a range of options to suit different preferences and budgets.
Adedapo Adesanya