Most trades are conducted electronically these days, but that does not mean that active stock exchanges and other private trading floors do not exist. Especially when moving rare or difficult stock, there are still professional traders with boots on the ground in major stock exchanges. There are also professionals with elaborate work stations who trade or monitor large volumes of assets. If you are building a trading company, learn how to set up a live trading floor.
Many small stock traders use their laptops to monitor market performance. This is acceptable for working a small number of trades for someone with a limited bankroll, but a successful trader might find investors who want him or her to expand operations. In that case, it becomes desirable to diversify into more than a few stock options. Hedging is still a successful strategy, and trading robots still cannot replace human intelligence.
It pays to be a very skilled stock trader to be able to invest and monitor different but related stock simultaneously. On the flip side, the advantage goes up when an entire team is focused on a particular asset. Not only can they converse about their observations, but collectively they can sometimes set up and exploit the market. Traders working together can achieve a synergy advantage over the rest of the market.
A live trading floor has a lot of monitors and a lot of sources of information. Regular television might be in the background to provide a feed of the market as well as what ordinary traders see. Publicly available information is then compared to changes in prices that are highlighted by customized software. Since changes follow the news, skilled traders can take advantage of fluctuating prices.
These types of businesses are not cheap. They need many monitors as well as relevant software. The computers they use need adapter cards that allow multiple monitors to create an expanded desktop. There is also a lot of software for traders. Some of that software makes trades automatically according to instructions while others are optimized to display data across an expanded desktop.
The good news is that there are tools to fit many different price ranges. A single monitor can be set up to switch between multiple virtual desktops. This is adequate for some types of trades while others require constant monitoring. Having your own computer for data crunching can range from a standard desktop to an array that creates a powerful specialty machine. Whatever your business needs, there is a professional solution.
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