Trading office furniture

The furniture you use to trade is very important. If you have enough space in your house or apartment, you should definitely have a computer desk of the right size for trading.

The L-shaped desk that can be placed in the corner of the room seems to work well if you're planning to trade on multiple monitors, or if you just need more workspace.


Or at least, you need a desk big enough for a laptop. If you don't have room for a desk at all, you can buy a small stand to put your laptop on - that's still more comfortable than putting your computer on your lap to work, right?

The next important trading piece of furniture that you need to consider is your computer chair.


A comfortable computer chair for trading will make your time at the trading desk much more relaxing and comfortable. You probably don't want to sit for long periods in a chair that causes you back pain or discomfort. No matter whether the chair is expensive or cheap, make sure you have a comfortable place to sit while trading and researching the market!

Of course, you also need to consider whether your working environment is cluttered or not, because it will affect your wise thinking. Try to keep things as neat and clean as possible so as not to interfere with your thinking and decision-making, as a trader.

Computer

You can have a lot of options when it comes to the computer you use for trading.

First of all, you should ensure that the computer you use is powerful and relatively new, has to date firewall/antivirus, and can handle incoming feeds in real-time while running applications. other. Surely, you wouldn't want the computer to freeze while you are trying to enter / exit commands?


Basically, you should make sure your computer is in good working condition before you start trading. You certainly don't want to overlook quality when it comes to your main trading calculator. The newer the computer hardware, the faster the better. Today, you can get a good machine with lots of memory, hard drive space, and processor power for a relatively low amount of money.

There is one more question to be addressed: How many computers do you need to deal with?

At the very least, you need a reliable computer. And if you can only afford one, then ideally should be a laptop.


Best of all, you'll have at least two computers: a desktop and a laptop with good battery life (because if the power goes out, it will be your lifesaver for handling commands). Laptops also give you mobility - you can trade from anywhere - with just an internet connection and a laptop.

If you don't have a laptop, it's a good idea to buy a UPS (uninterruptible power supply), which will power your desktop for a period of time if the power goes out.

Screen

If you can afford to buy multiple monitors then definitely consider. Having a screen just for chart analysis and one for placing orders only, viewing quotes can be more helpful and enjoyable. However, that is in case you have the condition.

Otherwise, many traders will view it as an unnecessary luxury. They also argue that trading with multiple screens turns traders into "data addicts", which can distract them and cause confusion.


Limit yourself to just one screen, focus your attention on one thing at a time and help eliminate the possibility of "analysis paralysis". These are the things that matter from the very beginning of your trading career. Then, once you have gained experience, you can decide if you are ready for a multi-monitor setup.

Internet and TV

Trading is data-intensive, so you need a fast internet connection to get live feeds coming in and make transactions fast. If you can get better connection speeds from your internet service provider, you should definitely have the most powerful connection within your budget.


No need to rush and spend money on charting or premium feed platforms. Most of what you need is available online for free. MSN, Reuters, and Bloomberg are excellent sources of news and investment information. What you DO NOT need is a TV in the trading room to stream sensational news from CNBC or any other financial TV show.

Usually, these bots are distracting to traders as they are nothing but the opinions of "experts" who are probably better commentators than traders.

Stationery

For now, let's discuss some "random" office supplies that you will likely need to have in your trading office.


First of all, it is a whiteboard where you can record your trading plan on the wall - so that you must read it every day before trading. The dry erase whiteboard is also convenient for jotting down any important notes or ideas you might have while trading and learning how to trade.

You may also need a printer or scanner, because sometimes you may want to print out charts or account statements, or you need to scan documents to send them to your broker, for example. like when you change the address.


Printers these days are relatively cheap, using a combination of printers/scanners/copiers, there are plenty of options for you to have all 3 in 1.

Some other random stationery that you may need includes things like notes, staples, and transaction logs. When you learn how to trade Forex, it is important to keep a trade log so you can find out what works and what is not. It also helps you track your record and take accountability for your results.


It is okay to journal with an Excel spreadsheet, but the diary taken by yourself will provide you with a tangible, easy-to-use transaction record for learning.

Create an atmosphere

Most traders don't think much about their trading environment, but it's really important since most of us trade at home.

An important point to consider is that if your home has many rooms, you should try to trade in the quietest corner of the house. A room that is somewhat secluded or away from the loudest parts of the house is ideal. The idea is to create a focused and relaxed atmosphere where you can focus fully on the process of learning how to trade and analyze your charts.


You may want to hang a beautiful picture in your trading room, something that calms you down and may make you feel good looking at it.

Music is another important factor in creating the right trading atmosphere if you need to relax and "drown out" distractions that might be going on in your home. Play some relaxing music like Jazz or classical, put on headphones if you find it necessary to help you "trade in the zone".

Some other considerations

You also need to take care of your physical health!

You can't effectively trade if you don't get enough sleep or feel sick. It is important that you rest, eat healthily, and exercise regularly.

Take control over things we have control over, like diet, exercise, and rest. You cannot control the market, but you can control your mind. Part of maintaining a healthy balance for trading is taking care of your body because your body influences thinking.