Do you want to upgrade your trading station? As a busy trader, you need at least 4 screens. But don’t settle for so little when you can have a 6 monitor setup without breaking the bank. Whether you are trading for yourself or you have clients that rely on your expertise, having multiple screens proves more beneficial since you can keep track of what’s happening in the market more efficiently.
Today, many traders enjoy using extended desktops with multiple monitors. In general, these advanced traders utilize many screens on their trading platforms. And each screen has a specific reason, with all of these screens working together to assist the trader in placing orders and earning profits. Check out the amazing benefits of a 6 monitor setup below:
Provide Ease of Use
Two heads are better than one! And in this case, a 6 monitor setup is the best. It makes life so much easier for the end-user. It is super efficient because you can set the monitors up at an angle that suits your needs.
Apart from looking visually appealing, this setup truly promotes less eye strain. Multiple monitors proffer so much ease for your field of vision. This means your data and windows do not have to be condensed, unlike in a single screen. You can now track the following concurrently with ease:
- Technical charts
- Different grapes of various time frames
- Order flow
- Different indexes
- Charts of various markets
Watch More Time Frames
Any expert trader will tell you that it is always an excellent idea to watch what is happening in other time frames while trading. Advance traders often use three time frames:
- Normal time frame for finding trade setups
- Lower time frame for finding good entry-level rates
- Bigger time frame identifying trends or support and resistance levels
Having several time frames open at the same time provides you with more accurate data. As a result, you can make more sound decisions, taking out the guesswork. This can spell a big difference when you’re trading because every decision you make equates to a monetary equivalent.
View Different Markets at a Glance
You may need to watch different markets as you trade. Why? Because various markets give you a clear indicator of what can happen in the market you are monitoring. Many markets actually correlate with one another, so staying privy to the movement of various markets will help.
Thus, a change in one market can equate to a potential change in where you’ve invested. This correlation can either be positive or negative. So knowing the right information can help you decide whether to hold, buy more, or sell. Besides, you may also want to trade in different markets because it is always good to diversify. You need to track them all simultaneously to spot opportunities and see where valuable assets are. Thus, having a 6 monitor setup will help you track and monitor various charts and take immediate action when you need to.
Feel More Confident About Your Choices
With multiple screens set up, you can place multiple orders in a single day. When you can access information, you feel more secure about where to hedge your funds. On top of that, the most critical aspect is knowing the best exit point for your trade.
This means you must always track the performance of the stocks you invested in. Working with too few screens means you cannot work in real-time. As a result, you may miss the perfect exit point and lose tons of money. Having many screens to chart progress means you get vital market information when you need it the most.
Less Confusion When Doing Tasks
Just imagine switching monitors to check on currencies, stocks, futures, etc., in multiple timeframes. You can make mistakes when switching, which can be detrimental, especially when you deal with probabilities. Having a 6 monitor setup assures you don’t suffer confusion and can time your entries or exits right to earn the most buck.
Though multitasking is great, humans are more prone to error when they have to do many things all at once. Hence, you get better outcomes when you have more monitors because of accuracy. You can sit back, relax, and track what you need without getting confused by switching tabs.
Boost Performance and Productivity
Instead of trying to multitask with just one or two screens, you can be more productive as you stare at everything you need with 6 different screens at your disposal. If you use a single monitor, you will have a hard time cutting or copying the information that you need. This will waste a lot of time and effort.
In contrast, a 6 monitor setup helps you become more efficient. You can readily highlight any information you need and drag it to a new program. The more actions you can do like this, the faster you can complete your tasks. As the saying goes, time is gold. So the more you accomplish, the better for your bottom line.
Better and More Streamlined Visual Editing
As a trader, you often have to give reports and updates to your clients. If you have a 6 monitor setup, you can do more graphics-intensive work. You can even add audio enhancements if you want to make interactive reports that are more engaging.
With a single monitor, you can always expect to have some sort of lag or delay when loading audiovisual materials in between tabs or windows. In contrast, multiple monitors allow you to:
- Line up things side-by-side
- Make easier changes
You can make many changes in different windows without having to wait for any lags or delays. As a result, you can make reports faster and distribute them to the people who are waiting for the information.
As you can see, multiple screens will empower you to make the right decisions. Good luck as you consider which monitors to set up for your trading station. Don’t forget that a reputable supplier is the key to your success.