Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Thanks for the reply! Alright, well I added all your recommendations (Microsoft 7 64-bit, 8GB of ram, a 1TB hard drive and an i7 860 processor) and it only bumped up the price around $325 to $2167 (shipping is free, includes the monitor). This is also including a $225 discount through "Dell small business special offer". Does this seem like a decent price? I'll do a bit more research tomorrow before I purchase it. BTW taking off Microsoft Office saved $199!!
Can you help answer these questions from other members on NexusFi?
NT7 32-bit is probably perfectly suitable for majority of users, and works fine with Zen Fire. NT7 64-bit does not yet support Zen Fire, although they previously stated it would at some point. That was before they announced Kinetic however, so who knows now.
I think finding the instrument to trade is a personal issue about one's own trading style. It took me a long time to find what suites me best. I'm a student of price action and I follow Brooks' method but not to the letter. That being said, finding an instrument with a decent amount of price action on a time frame that works for me took a lot of sim practice. I hate ES, but I like TF and SB. That just works for me. Forex, and by extension, the currency futures and ETN's don't do it for me on the short time/tick charts. Longer term, like 4 hour charts, are actually not bad for trend following, but I can't put on my trading hat every 4 hours, 24 hours a day, 5.5 days a week. My concentration span is about 2 hours at a time.
Fat Tail's suggestion of trading ETF's or ETN's is a good one. If you like the emini's or other commodities, look for ETN's that are based on those indexes. i.e. SPY or SSO for ES, IWM for TF, QQQQ for NQ, FXE for EUR/USD or 6E, etc. Take your sim trading very seriously and take note of how you feel about winning and losing. I have a tendency to put more scrutiny on my winners because I'm more concerned about getting rewarded for bad decisions.
Regards,
-C
“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” - Sun Tzu
It is a question of your budget. For starting nearly any PC will do, which has enough RAM, a fast CPU and allows you to connect at least two monitors. The CPU you selected has a passmark of 4268 and should do fine, the RAM is a bit meagre, so you should better put in 6GByte or 8GByte as Mike suggested,
If you want to be able to upgrade the machine later to become a real trading PC, you should have a look at the Dell Precision Workstation T3500 Essential with an Intel Xeon W3530 processor. The processor is a bit faster than the above, The workstation can be ordered with dual NVidia NVS 295 adapters, which will allow you to connect up to 4 high resolution monitors. The miminum recommended RAM would be 6 GByte. This would be a professional trading station, but it is not suited for 3D video games.
That said, if you just want a trading computer for a beginning trader, your setup is just fine, if you add some RAM.
