Sunday, April 25, 2021

Is having "Multiple monitors/ screens" really necessary for Trading ?

Trading, Stock market, Finance, Business, Technical analysis, Timesofindia, Forbes, Economictimes, Moneycontrol, Financialexpress.

It may be helpful for someone else but my answer will be a humble “No”.

First of all many people portray themselves as "Professional traders by having a multiple screen setup".

It maybe a good idea if you are an "Institution or a High net-worth individual" trying to do intra-day trading.

Let us understand why some people like to have multiple screens in the first place :

* Order placing screen (Where you only enter orders).

* Charting screen (Fundamentals generally don't change in the market hours and overnight so there would be no point allocating a screen to it, on this screen only price monitoring takes place).

* Miscellaneous screen (Either for monitoring option data or anything else).

* News screen (This screen is used for watching breaking news basically).

I just use multiple tabs on a single screen to keep it simple.

My only advice is to start using "Laptop/ PC/ Desktop because I don't get the idea of trading on a mobile as it is time consuming & one cannot properly monitor all that they need to".

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