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The main tool in a modern trading
business is a pc with a DSL internet connection. You will need
to have a broker providing a trading platform with a direct
access to the exchange of your choice and also a real time data
for the product you will choose to trade. You may also want to
use some additional software which will help you in making your
trading decisions. As your business becomes profitable and will
become your main source of income you may invest in things like
a power back up (power generator), internet connection back up
(different internet service provider), back up pc and even an
account with another direct access broker in case your main
broker trading platform is down.
Here is my business set up:
Back
up computer:
CPU AMD AthlonXP 1800+ (1.533GHz
clock speed)
ECS K7S5A Pro SiS 735 Chipset Socket A motherboard
1GB PC133 SDRAM (2x 512MB DIMMs)
Jaton nVidia GeForce4 MX-440
64MB 8x AGP Dual Head Graphics Card
Primary Monitor: BENQ FP937s 19"
TFT LCD
Secondary Monitor: Sony
SDM-S91 19" TFT LCD
Fenton 600VA UPS
Main computer:
Intel Pentium 4 830 Dual Core
(3.0GHz clock speed)
Internet connection:
1024K/256K ADSL
Broker:
Interactive Brokers
Software:
Primary tool for order execution
and trade management: Zero Line Trader (cost: $7/month)
Back up: IB Book Trader
(cost: free)
Primary charting tool: Ami Broker
Professional Edition (one time expense: $229)
Back up: Quote Tracker (cost:
$5/month)
Total cost of software
subscriptions: $12/month
Data feed:
Interactive Brokers (cost: free or
$10/month if monthly commissions are less than $30)
Markets:
YM, ER2, ES, NQ
There is
a substantial risk of loss in trading futures and options
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