Forex Trader Workplace - How to Organize It Right?

Hello! I started trading on Forex not so long ago. Could you tell us about the organization of the workplace of the trader. Maybe give some useful tips and tricks.

The specifics of working in the Forex currency market does not affect the design of the workplace: the main thing is that the activity be effective. Therefore, it is important that the environment does not distract from the tasks assigned, but creates the conditions for quick processing of information. This is one of the conditions for making quick and profitable transactions, which require fast Internet, several computers, office equipment.

What should be the computer at the workplace of the trader?

Forex experts advise using not one but two a computer. One of them is needed to download and launch a trading platform, and on the other to monitor the market situation.

In this way, you can track data on instruments and price trends. Therefore, the trader is required to set up streaming information tracking correctly in order to simultaneously see graphs and news.

Important stock and financial news influences trading operations so strongly that sometimes growing trends can become a matter of seconds falling, or vice versa.

Attention must be paid economic, financial and political events, both national and international. In order not to overload a computer that is configured to study the situation on the Forex market, it is better to use various mobile apps or social networks. News comes here the most relevant, "top", which are updated pretty quickly.

Attracting portable devices to work will greatly facilitate the work of the trader, since at the right time he will be able to launch a trading platform to carry out or close transactions.

We also recommend that you read our article on how to play a newbie on the stock exchange on the Internet.

Not the least role is played by the power of the equipment used. The newer it is, the faster various programs and applications will work. You should not save on monitors, because they reflect all the necessary information.

The use of small screens will slow down the activity, which is associated with the need to constantly open certain windows. Therefore, monitors should be as large as possible. It’s best to choose those with a diagonal 21-22 inches or more, which allows the trader to quickly develop a rule to think and see globally.

This has a positive effect on the result, since you can select the most suitable local point. entry or exit at suitable time intervals. The monitor will show how adjusted they are, whether there are the necessary levels of support, resistance, an average moving line.

Next to the computer is to place office equipment, among which the most necessary are a printer, scanner and Xerox. Forex participants prefer to use portable versions of such inventions, which will allow them to be placed on a table or bedside table.

The technique is needed to print graphic data, use it in work, scan, create graphics or large posters. Usually they are used to analyze the market, complex figures, positions of lots.

Creating workplace comfort

You can equip a workplace in a separate room or as limited space as possible in the apartment to create the appearance of a separate office. Space should be enough bright, well ventilated, use the restricted access of other residents of the apartment or house.

Given that the trader will spend most of his time in a sitting position, you need to buy a suitable table and chair or armchair.

The computer needs to be placed on a comfortable desk, created specifically for such a technique. One of the best solutions would be computer rackwhere you can put a monitor, system unit, desk lamp, uninterruptible power supply (UPS).

Ups is a mandatory component in the organization of the workspace, since problems with power can occur at the most inopportune moment. In some cases, this causes the loss of large amounts or the failure of profitable operations.

It is important that the room is well lit during the day or night - as naturaland artificial resources. Light is needed when organizing an activity schedule, which will depend on the schedule of sessions.

The addition to the table is armchair, which should allow you to relax at the right moments and tune in to the working mood. You need to hold an electric surge protector to the table to connect the necessary equipment.

The most important component of a trader’s work is the Internet, because without access to the network, none of the participants in the exchange will be able to conduct operations. Experts advise that the connection should be from different sources: cable, wireless and mobile. In the event of a malfunction in one company, the second access to the Internet without any problems will ensure further bidding.

In conclusion, we recommend watching a video on Forex trading: