Your toolbox dual monitors

While it may not be the first thing you think of when it comes to a Forex trading tool, having a second monitor on your computer set up can make a huge difference. This will be especially true if you are an active trader, scalping bits and pieces during the session.

Having dual monitors gives you the opportunity to pay attention to the Forex markets that you are trading, but more importantly pay attention to some of the peripheral information as well. This can come in the form of news, analysis, or correlating markets. For example, if you are trading the Australian dollar, you may be looking to pay attention to the gold market simultaneously, as the two markets are so highly correlated.

As you can see, having the ability to monitor different situations around the world and what has become such a highly correlated global market will continue to be crucial. I think that with the nature of the Forex markets being so interconnected to equity, futures, and bond markets, it’s difficult to pay attention to the markets without having enough real estate to lay all of your charts and tools out on.

In the example that I have in this video, I’m using an Australian dollar Forex chart while simultaneously pulling out Bloomberg news online, found freely available on YouTube. This gives you the opportunity to pay attention to news as it breaks, and of course react accordingly. This is especially useful when you are expecting economic news announcements, and of course political speeches and situations.

Most modern video cards allow for at least two inputs from your monitors, so there’s no need to skimp. At this point, most laptops also give you the ability to add an external monitor as well, so you should spend the couple of hundred dollars and get this important addition to your trading set up.

Your toolbox dual monitors