Trading Monitor Setup | Full Guide From A Trader

Choosing the right monitor

When it comes to selecting the ideal monitor for Forex trading, there are various factors to take into account. These factors include the monitor's size, resolution, panel type, refresh rate, and ergonomics.

Monitor’s size

The size of the monitor plays a crucial role as it dictates the amount of information that can be viewed on the screen simultaneously. For Forex trading purposes, it's generally recommended to opt for a monitor ranging between 23 to 28 inches. Larger screens, such as those exceeding 43 inches, are also available, but it's essential to ensure adequate space for placement.

Size and resolution

Resolution is another significant consideration. Higher resolution monitors offer superior picture quality, which is vital for deciphering Forex charts and patterns with clarity. Many professional traders prefer 4K displays for their high-resolution Full-HD output. However, if 4K screens are not within your budget, starting with a 2K trading monitor can be a suitable alternative.

Best Forex brokers

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

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How to set up a trading monitor?

When arranging your trading monitor, it's vital to optimize its settings for both comfort and effectiveness. Here are some essential steps to consider:

Adjust display settings

To prevent eye strain during long trading sessions, Forex Market Hours | Schedule and Trading Sessions it's important to adjust the brightness, contrast, and color settings. Aim for a comfortable setting with minimal glare, allowing you to view charts and data clearly without discomfort. Experiment with different presets or software tools to find the ideal balance.

Setting up a trading monitor

Ensure color accuracy

Accurate color representation is crucial for analyzing charts and patterns effectively. Consider calibrating your monitor using a hardware tool like a colorimeter to ensure colors are true to life. This ensures that the colors you see accurately reflect market conditions, aiding in technical analysis.

Setting up a trading monitor

Explore multitasking features

Maximize productivity by utilizing your monitor's multitasking capabilities. Many monitors offer features like split-screen and picture-in-picture, allowing you to view multiple applications simultaneously. Experiment with different display options to find a setup that suits your trading style.

Setting up a trading monitor

Optimize positioning

Pay attention to the physical placement of your monitor for ergonomic comfort. Position the screen so that the top is at or slightly below eye level, and adjust the distance to ensure a comfortable viewing experience. This helps reduce strain on your neck and eyes during long trading sessions.

How to set up a multi-monitor PC?

Step 1: Check your PC ports

Ensure your computer has the right video output ports for multiple monitors, like HDMI or DisplayPort. Confirm you have enough ports for all the monitors you plan to connect.

Step 2: Plan your monitor setup

Decide how you want to arrange your monitors based on your trading requirements. Options include side-by-side, in a row, or with one above or below the others. Consider factors like size and resolution for a comfortable setup.

Step 3: Connect your monitors

Use the appropriate cables to connect each monitor to your PC securely. Make sure all monitors are powered on.

Step 4: Activate multi-monitor support

Enable multi-monitor functionality in your PC's display settings. On Windows, go to Display Settings and detect monitors. On macOS, navigate to System Preferences and arrange the monitors as desired.

Step 5: Adjust display settings

Customize individual monitor settings such as resolution and refresh rate for optimal performance and clarity.

• Arrange displays: Drag and drop monitor icons to match their physical layout.

• Select display mode: Choose between extending displays, duplicating content, or showing on one monitor.

• Set resolution: Adjust the resolution for each monitor independently for the best quality.

• Explore advanced settings: Configure additional options like refresh rate and color calibration if available.

Setting up a multi-monitor PC

Organizing your workspace

To create a neat and efficient trading area, follow these simple steps and tips:

Clear clutter

Begin by tidying up your workspace, keeping only the essentials on your desk to avoid distractions.

Manage cables

Use solutions like clips or ties to organize cables and prevent tangling, creating a cleaner appearance.

Elevate monitors

Improve ergonomics and save space by using monitor stands to position screens at eye level.

Utilize storage

Make use of shelves and storage options to keep trading tools and accessories within reach while minimizing desk clutter.

Use organizers

TU expert Rinat Gismatullin recommends investing in trays or bins to neatly arrange small items like pens and stationery, keeping them easily accessible.

Add greenery

Incorporating plants not only enhances the look of your workspace but also enhances air quality and creates a soothing atmosphere.

Optimal lighting

Ensure adequate lighting to reduce eye strain and enhance comfort during trading sessions, considering adjustable desk lamps or overhead lights.