> How fast do i need a processor to trade forex? ?

How fast do i need a processor to trade forex? ?

Posted at: 2014-12-05 
If you don't know, then you're not a trader, and forex is a horrible market for a beginner. Develop a trade plan and test it on a simulator while you learn, but you will probably become consistent faster with stocks and etf's. Once you become consistent, then you can "trade" any market. More than 80% of new traders fail. Number one reason: lack of a trade plan.

TRAITS OF SUCCESSFUL TRADERS: a four part guide

http://www.fxcm.com/docs_pdfs/fxcm-trait...

Trading before you have a consistent and successful plan is just silly. Trading on ignorance with leverage like in forex is just stupid. Why would anyone leverage ignorance?

A trading program is not processor intensive, and almost any computer will run it. The trading platform you download to your computer will have suggested minimum requirements, but there's no harm in trying it.

You might want a faster computer if you plan on having 5 or 6 monitors and 50 windows open at all times with years of intraday data, then it might get a little sluggish. Or if you try to trade through a web browser (rather than a dedicated trading platform downloaded to your computer), you may experience data lag around the big reports when lots of data is flowing, but this is because of the limited data handling capability of the browser and not a computer/hardware issue.

Run a free simulator and see for yourself.

If you really want to trade the currencies, currency ETFs are a way to play any dollar-related trades. These ETFs are just as good as trading spot forex. The only difference is that the ETFs are not leveraged. They trade in a standard stock account, without the need to open an additional forex account.

? FXA - Australian dollar

? FXB - British pound

? FXC - Canadian dollar

? FXE - euro

? FXY - Japanese yen

? FXF - Swiss franc

Currency ETF List

http://etf.stock-encyclopedia.com/catego...

Once you have a plan, become consistent, discover your time frame, incorporate good money management techniques, and prove to yourself it can be done, then you might still want to look into using leverage, but not before.

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The fastest you can afford. Possibly need four screen set up. It depends exactly how you are trading. You may need a trading platform that accepts automated scripts to trade automatically on limits etc.

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