Economy

Best Laptop For Trading Forex In 2023: Trading Experts’ Recommendations

Published

2 years ago

20/10/2023

For successful Forex trading, having a reliable and powerful laptop is crucial. It needs to be fast and accurate because trading demands your full attention and quick decision-making. You can’t afford technical issues like running out of battery or slow performance. That’s why Traders Union (TU) experts recommend investing in a high-spec, up-to-date laptop to stay competitive in the Forex market.

Top trading laptops

Choosing the best laptop for trading Forex is crucial. TU’s analysts have compiled a list of laptops that are not only great for trading but also cater to gaming fans:

1. MSI Stealth 15M Laptop

This laptop is a powerhouse with its 11th Gen Intel Core i7 processor and a 144Hz refresh rate, ensuring smooth Forex trading and gaming. Its efficient cooling system and lightweight design make it a top choice.

2. Huawei MateBook X Pro Signature Edition

Despite its small size, this laptop delivers exceptional performance. With a 13.9-inch 3K resolution screen, Intel Core i7-7500U processor, and 8 GB of RAM, it’s suitable for trading tasks and more.

3. Acer Aspire 5 Slim Laptop

An affordable option for beginners, it features an AMD Ryzen 3 3200U Dual-Core Processor, 4 GB of RAM, and a 15.6-inch FHD display. Its portable design and long-lasting battery make it a practical choice.

4. LG Gram 15Z995 Laptop

Known for its lightweight build and long battery life (up to 17 hours), this laptop is powered by an Intel 10th Generation i5-10210U processor and offers excellent performance for trading.

5. Lenovo IdeaPad 3 15

If you’re on a budget, this laptop is a solid choice. It comes with 4 GB of RAM, a 128 GB SSD, and features a 15.6-inch HD screen with narrow bezels. While it may not be top-of-the-line, it’s a great starting point for traders.

These laptops offer various features and cater to different needs, from power and performance to affordability. Choose the one that aligns with your trading requirements.

Choosing the right trading laptop

To be a successful trader, your device matters as much as your skills and trading platform. Traders Union analysts outlined what you need in an ideal trading laptop:

Processor – a powerful CPU like Intel Core i7 or AMD Ryzen with high clock speed is essential for quick calculations.
RAM – 8GB is recommended, but 16GB is better for running multiple apps efficiently.
Storage – look for a laptop with ample storage, especially a 125GB or larger SSD hard disk, for faster performance.
GPU – a good graphics card, like NVIDIA GeForce GTX 2070 or RTX 30-series GPUs, ensures clear trade updates.
Display – full HD resolution (1920 x 1080) or higher is crucial for viewing data effectively.
Screen size and design – consider a larger screen for comfort, but also look for a well-designed laptop with adequate heat dissipation.
Battery life – choose a laptop with an energy-efficient CPU (like the Intel “U” series) for longer battery life.
Connectivity – ensure it has Bluetooth and Wi-Fi adaptors, with 802.11ax (Wi-Fi 6) for reliable and fast connections.
Ports – having multiple ports, including Thunderbolt, is essential for connecting external devices like monitors.

A trading laptop with these specifications will help you trade effectively and reduce errors.

Budget-friendly trading laptop

TU’s experts recommend that for trading, you don’t need an expensive laptop. Models priced between $1,000 to $1,500 strike the right balance of cost and quality. These laptops offer standard quality without breaking the bank.

However, be cautious when considering laptops priced significantly lower than this range, especially if they’re claimed to be new. Certain offers could appear exceptionally favorable but might turn out to be deceptive.

To save money, you can explore refurbished laptops. Just ensure they are less than five years old and ensure the specifications meet your trading needs. Buy only from a reputable seller to avoid scams. This way, you can have a reliable trading laptop without overspending.

Conclusion

Having a dependable and fast laptop is essential for successful Forex trading, as it requires your full attention and quick decision-making. Traders Union has recommended a range of laptops, including the MSI Stealth 15M, Huawei MateBook X Pro Signature Edition, Acer Aspire 5 Slim, LG Gram 15Z995, and Lenovo IdeaPad 3 15, each catering to different needs and budgets. These laptops come with various features, from powerful processors to affordability, ensuring there’s an option for every trader. Remember, your laptop plays a crucial role in your trading success, so choose one that aligns with your trading requirements and budget.

Up Next

Unlisted Securities Investors Gain N10.5bn as Index Rises 0.94%

Don't Miss

Naira Now N782/$1 at NAFEM, N1155/$1 at Parallel Market

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

Click to comment

Economy

FrieslandCampina, Afriland Properties Weaken NASD Index by 0.24%

Published

5 hours ago

26/04/2025

Adedapo Adesanya

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.24 per cent on Friday, April 25 after the duo of FrieslandCampina Wamco Nigeria Plc and Afriland Properties Plc landed on the losers’ table.

FrieslandCampina Wamco Nigeria Plc depreciated by N2.58 to sell at N35.37 per unit compared with the previous day’s N37.95 per unit, and Afriland Properties Plc lost 2 Kobo to close at N17.78 per share versus Thursday’s closing value of N17.80 per share.

However, Geo-Fluids Plc appreciated by 10 Kobo during the trading day to sell for N1.80 per unit, in contrast to the preceding session’s N1.70 per unit. The rise in the price of the stock could not prevent the fall of the bourse yesterday.

Consequently, the market capitalisation of the trading platform went down by N4.64 billion to N1.914 trillion from N1.918 trillion and the NASD Unlisted Security Index (NSI) declined by 7.92 points to 3,269.06 points from 3,276.98 points.

The final trading session of the week ended with a surge of 1,695.8 per cent in the volume of securities transacted to 3.7 billion units from the 206.2 milion units transacted in the previous trading day.

Equally, the value of transactions jumped by 2,592.6 per cent to N9.5 billion from N354.1 million on Thursday, and the number of deals decreased by 47.4 per cent to 20 deals from the 38 deals recorded a day earlier.

Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units sold for N520.9 million, followed by Geo-Fluids Plc with 259.3 million units worth N456.1 million, and Okitipupa Plc with 153.6 million units valued at N4.9 billion.

Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 153.6 million units valued at N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 15.6 million units worth N598.5 million, and Impresit Bakolori Plc with 533.9 million units sold for N520.9 million.

Economy

Nigeria’s Stock Market Gives up 0.30% Friday

Published

6 hours ago

26/04/2025

Dipo Olowookere

stock market how to invest in US stocks in South Africa

By Dipo Olowookere

A 0.30 per cent fall was recorded by the Nigerian Exchange (NGX) Limited on Friday as a result of profit-taking in the industrial goods sector.

This was mainly caused by sell-offs in Dangote Cement Plc, which released its financial statements for the first quarter of 2025 yesterday.

The cement maker lost 10.00 per cent during the session to trade at N432.00, Regency Alliance lost 8.06 per cent to close at 57 Kobo, VFD Group depreciated by 7.57 per cent to N17.10, Chams declined by 7.27 per cent to N2.04, and Sovereign Trust Insurance crashed by 6.12 per cent to 92 Kobo.

Conversely, International Breweries, Legend Internet, and Ikeja Hotel gained 10.00 per cent each to sell for N7.70, N6.82, and N12.10 apiece, Vitafoam Nigeria surged by 9.93 per cent to N44.85, and Eterna rose by 9.92 per cent to N39.90.

The industrial goods index was down by 4.73 per cent on Friday, as the others finished in green territory.

The consumer goods space rose by 2.21 per cent, the banking sector appreciated by 1.55 per cent, the insurance counter expanded by 1.50 per cent, the energy sector increased by 0.07 per cent, and the commodity industry went up by 0.04 per cent.

At the close of transactions, the All-Share Index (ASI) went down by 321.21 points to 105,753.05 points from 106,074.26 points and the market capitalisation shrank by N202 billion to N66.465 trillion from N66.667 trillion.

The level of activity increased yesterday as the trading volume, value, and number of deals grew by 30.40 per cent, 94.23 per cent, and 17.64 per cent, respectively.

This was because investors transacted 428.1 million shares worth N20.2 billion in 14,284 deals compared with the 328.3 million shares valued at N10.4 billion in traded in 12,142 deals a day earlier.

GTCO led the activity chart with 60.7 million equities sold for N3.8 billion, Fidelity Bank traded 41.4 million stocks worth N829.3 million, Access Holdings exchanged 40.6 million shares valued at N968.3 million, MTN Nigeria sold 33.0 million equities for N8.2 billion, and Zenith Bank transacted 22.9 million stocks worth N1.1 billion.

Economy

Naira Now N1,599/$1 at Official Market, N1,605/$1 at Black Market

Published

6 hours ago

26/04/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira extended its gains against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, April 25 by 0.22 per cent or N3.59 to sell for N1,599.42/$1 compared with the N1,603.01/$1 it was traded in the previous session.

The Nigerian currency also improved its value against the Euro in the official market by N1.36 to close at N1,818.53/€1 compared with Thursday’s closing price of N1,819.89/€1.

However, the domestic currency depreciated against the Pound Sterling in the same market segment yesterday by N1.90 to wrap the session at N2,130.44/£1 versus the preceding session’s rate of N2,128.50/£1.

At the black market segment, the Naira appreciated against the greenback on Friday by N2 to quote at N1,605/$1, in contrast to the previous day’s value of N1,607/$1.

In the cryptocurrency market, a possible regulatory progress about digital assets in the US spurred buying interest among investors during the trading session.

The chairman of the US Securities and Exchange Commission, Mr Paul Atkins, was at a crypto roundtable on Friday and he devoted his inaugural speech to assuring the industry that he will continue to remake securities policy to favor digital assets innovation.

The agency and industry have been awaiting congressional action to establish crypto market-structure oversight that will likely set guardrails, and Atkins told an audience at the SEC’s Washington headquarters that the regulator will work toward delivering “a rational, fit-for-purpose framework” for crypto.

Litecoin (LTC) rose by 3.0 per cent to $87.24, Dogecoin (DOGE) grew by 2.7 per cent to $0.1862, Bitcoin (BTC) increased by 1.3 per cent to $94,687.84, Ethereum (ETH) jumped by 1.2 per cent to $1,797.51, Cardano (ADA) improved by 0.9 per cent to $0.7235, and Ripple (XRP) gained 0.6 per cent to close at $2.20.

On the flip side, Solana (SOL) depreciated by 0.9 per cent to $151.64, and Binance Coin (BNB) lost 0.8 per cent to sell for $602.89, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.