If you are an experienced trader deciding to tackle the market from a home office, there are many technical considerations to successfully trade from home. While the basic required setup is simple; a reliable internet connection, a computer, and the software platform of your choice. If you decide to work from home, the investment into your IT Equipment will be your responsibility, although when trading with a reputable trading firm you will likely have access to their algorithmic software.
Your computer purchase must be kept separate from personal use, do not allow family members or children to use for entertainment purposes. A computer that is used often for streaming or downloading music can get bogged down with malware and pop-ups. This could pose a huge risk for any client’s sensitive data, or you could risk missing an important trade if your computer slows you down.
Most new laptops today come with a multi-core 64-bit processor, but you had better check the specifications to be sure. A 64-bit processor is faster and more efficient than a 32-bit processor, but just as important – a 64-bit computer can run software that is made for either 32 or 64 bit, but a 32-bit processor can only run 32-bit software. This is an important distinction when evaluating your computer specifications.
Many of the algorithmic trading software platforms now utilize the 64-bit technology, so be sure to check your software manufacturer’s requirements in hardware.
Adequate RAM is a necessity, as this Random Access Memory allows your computer to work more efficiently, thus quicker. RAM is not costly to purchase, therefore upgrading to either 8GB or 16GB is not too expensive. With the more powerful software programs out there today, you’ll need adequate RAM to keep up.
Once you obtain the hardware you need, do not forget about a proper backup system. Online backup storage is available in several forms, usually from your antivirus software provider. Having an antivirus program is a given! It almost goes without saying, but of course anti-virus and malware protection is of the utmost importance! You’ll want a secure internet connection as well, with a password protected modem.
Obviously reliable high-speed internet is mandatory, and is much more readily available in most areas than even a few years ago. Even with a reliable connection, however, you could risk an outage in any residential area. This is where the backup of a trader’s office could come in handy.
Having multiple monitors would be a personal preference, many day traders to have more than one screen. The advantage of multiple screens is the ability to view real time monitoring of several markets at once. A good video graphics card is necessary to maintain multiple monitors, and even for good visuals on a single monitor.
Once you have your home office setup with the proper equipment, it’s time to get busy, stay focused, and stay connected! Don’t let the distractions of a home office get in your way.
Great Point Capital Has Much to Offer to the Experienced Home Day Trader
Great Point Capital, LLC, with offices in both Chicago, IL and Austin, TX, provides benefits to both the in house office trader, and the experienced home day trader. You’ll have access to our Takion Software Platform, and connection to our own proprietary Instant Messaging software, where you can collaborate with some of the most experienced traders in the industry.
Great Point Capital, LLC, offers all of the same benefits to our remotely located traders as we do for those working in-house. You’ll be trading with bigger buying power, enjoying aggressive payout structures, and join a team of the best traders in the business. With our two national locations, we are positioned to trade with you on site from either one of our modern offices or remotely from any location. Contact Great Point Capital, LLC today, in either our Chicago Office, or our Austin Office, to learn more about how we can successfully trade together with high performance results.