7 Features to Look for in a Forex Trading Monitor

Every small thing can help you bring your Forex trading experience to a new level. Good performance relies not only on strategies and approaches you use to open and close trades but also on the hardware and computer appliance you use.

A good Forex trading monitor can transform your overall activity and ensure a better user experience. Some market players spend hours in front of Forex charts waiting for the best profit opportunity to take. In this situation, having a high-quality trading screen with an ultimate picture can definitely make a huge difference.

In today's article, we will discuss the main features and technical specs to pay attention to when selecting a monitor for trading.

How to Choose a Forex Trading Monitor?

Not all glittering things are gold. Beautiful design and shining elements are not always a sign of a high-quality picture. Instead, market players need to focus on some other crucial things that make a good value for a trading screen.

1. Trading Screen Size

The size of the display is the first thing you should think of. Of course, there is no ideal monitor size for every trader. It depends on individual users’ preferences. However, you should select the one with dimensions between 23 and 28 inches. If you want something bigger, consider screens 43 inches and bigger. Just make sure you have enough room to place it.

2. Display Resolution

Trading screen resolution is another crucial factor to consider. The higher resolution a monitor has, the better picture quality it will deliver. In simpler words, this particular specification ensures visual accuracy when reading Forex charts, pattern clarity, and so on.

Professional traders usually opt for 4K displays that provide the Full-HD picture in high resolution. If you only start your Forex trading career and cannot afford 4K screens, you may start with 2K trading monitors.

3. Connectivity Capabilities

This feature ensures trading flexibility. At some point, you may want to connect other devices to your screen. For instance, HDMI or VGA ports make it easy to use the monitor with your laptop. Connectivity helps to attack different devices to make your trading even more versatile and engaging.

Users should pay attention to built-in features as well. They may include input and output options, integrated speakers, contrast ratio, and so on.

4. Contrast Ratio

This feature determines the quality of the screen. A higher contrast ratio means deeper blacks, which is a sign of a higher picture quality. This can be very important if you work at night in a dark room.

5. Monitor Response Time

Also known as refresh time, the spec expresses the screen refreshment rate in 1 second. If the refresh rate is higher, it guarantees a smoother picture. The only problem here is that such displays are usually very expensive. If you do not have money for that, just make sure your trading monitor’s refresh ratio is between 60Hz and 75Hz.

6. Viewing Angles

This feature defines the maximum angle where you can clearly observe the picture without any detriment to the user experience. Generally, the picture quality worsens with a bigger viewing angle. So, make sure you have a screen with this feature at your disposal. It can play a crucial role when you use two screens at a time.

7. Trading Screen Ergonomics

Screen ergonomics is an important part of your trading experience. Apart from high resolution and picture quality, the screen must provide a good level of eye care. Eye protection is very important, as full-time traders spend several hours a day in front of the screen. A good monitor is usually equipped with relevant technology featuring appropriate light and minimum stress for users’ eyes. Also, make sure you feel comfortable while using the screen rather than stretching your neck or head.

Why Do Traders Use Several Forex Monitors?

When you use multiple trading screens, you access multiple sources of data and knowledge simultaneously. With this approach, you can run several strategies and use even more Forex indicators simultaneously to make timely and effective Forex trading decisions.

On the way to success, investors constantly analyze loads of market data. They track price changes, read news, explore different metrics, and so on. A single monitor may not be enough to complete all these tasks promptly. It means lost profitable opportunities.

Multiple screens mean more ways to depict crucial information and stay in touch. What’s more, using several monitors at a time makes it possible to prevent your eyes, neck, and head from excessive stress. So, if you still think about whether to use 2 or more trading screens or not, the answer should be “yes”.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.