purpose of using multiple monitors

This is a discussion on purpose of using multiple monitors within the First Steps forums, part of the Reception category; Originally Posted by grantx I've often wondered if there is any correlation between profit and number of screens. Grant. Yes. ...

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Old May 18, 2008, 7:12pm   #11
 
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Originally Posted by grantx View Post
I've often wondered if there is any correlation between profit and number of screens.

Grant.
Yes. Profits are inversely proportional to the number of screens.
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Old May 18, 2008, 8:04pm   #12
 
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I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day
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Old May 18, 2008, 8:10pm   #13
 
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Originally Posted by brutusdog View Post
well if you get a couple of 42 inc lcds next to each other its almost life size then you can really get the party started
Some things you don't want to look at too closely, I've found
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Old May 18, 2008, 9:25pm   #14
 
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Originally Posted by arabianights View Post
I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day
How many eyes do you have ?

Charlton
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Old May 18, 2008, 9:33pm   #15
 
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Originally Posted by arabianights View Post
I think a lot of it is what markets you trade... and how much news affects your trading style.

If you're a pure chartist on one market you need only one screen...

Attached are 4 of my screens (one of the setups I just took a picture of now, the other setup isn't quite the same any more but you get the gist of it)- If you tried to fit this into 2 screens it would be counter productive as the information wouldn't be avaliable at a quick glance... and it has to be otherwise I would have to actually watch them all day
do you get a free supply of headache pills?
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Old May 18, 2008, 10:08pm   #16
 
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Originally Posted by drhendra View Post
Actually, what is the purpose trading with multiple screens?
the purpose, at least for me, is to be able to see several important things at the same time: ie, charts & order management, without having to flip through different applications or windows. And also to seperate business critical functions, such as trading & porn, from less important things like surfing.
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Old May 19, 2008, 12:55am   #17
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Arabian,

I'm guessing the data on the right screen is short sterling. What does "Dime" refer to?

Arbitrageur,

"to see several important things at the same time". And I bet you've also got a mirror.

Grant.
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Old May 19, 2008, 1:16am   #18
 
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If your only looking at one graph you'd still be best advised to have two screens. One for the chart and the other so you can have your finger on the button for the platform without having to switch and type to save confusion, even the best traders can make mistakes by being distracted. I would also advise 2 towers(pc's) as these things can break down from time to time and always at an inconvenient time.

Having the correct setup is absolutely crucial from day one. So often I hear people say that I'll see how it goes and if I make money then I'll buy the correct stuff I need.

This would be similar to having cancer and saying, 'I'll try the cheapest doctor I can find and if the treatment starts to work then I'll pay for a top notch surgeon'.

Having the right setup prior to trading will allow you to have the best possible start. I can now hear people shouting at the screen saying 'but if I buy the equipment I need I wont have enough to trade with', if your one of these people then your not ready to start yet.

Get the knowledge, get the setup. Dont go half hearted on either of these.
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Old May 19, 2008, 10:53am   #19
 
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Originally Posted by grantx View Post
Arabian,

I'm guessing the data on the right screen is short sterling. What does "Dime" refer to?

Grant.
It's a few things, I gave up since then on trying to scalp 4 markets at the same time as a bit stupid...

Dime is to improve on a bid/offer by a tick.
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Old May 19, 2008, 11:12am   #20
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Arabian,

Thanks for the info.

Grant.
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