Trading Computer Setup | What hardware really matters?

What really matters when you are buying a new computer for trading? do you really need a computer to trade? I explain the most probable scenarios you will be in with their requirements, plus a show down between my old computer and the new rig!
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DISCLAIMER: None of what I talk about to be construed as investment advice, I am not a financial adviser nor a CPA. The videos are for educational and entertainment purposes only. The information presented in the video is accurate as of the posting date of the video and might not be accurate in the future. All links in the description might have some affiliate links and I may receive a small commission. I only share the tools and resources that I love and use regularly. Thank you so much for your support! 😍
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Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
I strive to provide the best education on the subjects mentioned above, the goal is take control of your financial future. If you like what you read, then subscribe and if you're still reading this, you rock! thank you ❤️

[@Tradefy]

Not the best advice, if execution times matters and in general always does, the faster the better, the cpu should be the most powerful you could get and this means a high end model of the current generation with high clock speed, 25k points in cpu benchmark is the minimum, better 30k+, 32GB RAM, an Nvme disk and a good router. Additionally a 100Mbit internet line minimum, better 1Gbit. Any small delay by transmitting the signal to your broker, extreme situations when there are news events, every ms you can execute the trade faster can save you 1000nds of Dollars over the time(depends on your trade size of course)

[@4tun8nanette]

I was also thinking 32gb ram would be better. Hadn't even thought about high clock speed cpu. Thanks.

[@teebone2157]

I am so glad you made this video.I'm looking to build a desktop because I need the process in power for my testing.And my little laptop turns into a jet engine LO.L

[@StatOasis]

Glad I could help!

[@PedalToTheMetal61888]

...FIRST THING THEYTOLD ME WAS TO RIDDA THAT MICKEY MOUSE LAPTOP ...

[@robertposton-gjrautomotive4729]

Very Informative 😎 Very Awesome.

[@StatOasis]

Glad you think so!

[@enioaguirre404]

Nice vid. Why would I need to install a vm like paralells for trading on my macbook m1 max? Just using trading view and crypto exchanges. Also, what about an ultra wide 30-40inch where i can have 2-3 screens within that?

[@StatOasis]

U can connect 3 screens to mb pro As for parallels most backtesting software is built for windows

[@stevesutton772]

Building a pc right now. Can You tell me why you felt the need for 6 tb hard drive? Is that more for video work?

[@StatOasis]

in today's world i think 2TB is the minimum, for video work, you definitely need more. more importantly is the type, not all SSDs are the same in terms of of throughput speed. you can't go wrong with WD Black series.

[@stevesutton772]

@@StatOasis Thank you. I had 2 tb samssung gen 4 just sitting in my laptop so I said what the hell let's just build a pc ha. Didn't know if there was something data intensive you were doing with algos or machine learning data sets.

[@EugenSandor]

Any updates 2024? Can you also tell me exactly what computer to build for trading. Max 5500£

[@StatOasis]

No updates, but you probably can get faster processor

[@AlejandroCastillo-hc2ph]

Would you say the HP evny 34 is a good desktop to use for trading? That’s the one I’ve been looking into

[@StatOasis]

at the end of the day, it doesn't matter what is best, it all depends on your budget. Dell, HP are very good brands specially their workstations, but I always go custom to have choice.

[@mridulkumar8574]

I want to upgrade my trading setup. I have one 1080p monitor and want to add 1 4K monitor. Can you recommend a GPU (not very expensive). I came across quadro t1000 but not sure whether it will handle 1 4K and 1 FHD monitor. If you can provide some real life examples, it would be great.

[@StatOasis]

Your budget will decide what card to get. All graphic cards list the resolution they support. Ive been nvidia guy all my life

[@mridulkumar8574]

@@StatOasis What is the least expensive GPU which handle 1 4k and 1 1080p? Any suggestions.

[@StatOasis]

these are nvidia cards series, look for your requirements and search for best price: www.nvidia.com/en-us/geforce/graphics-cards/compare/

[@jhiuhiku]

Is the i3 Pc wd 24 inch monitor is already good for forex trading? I want to buy. I have no PC for now. I have no idea whats the best

[@StatOasis]

Forex trading is very light on resources, i think it can be good

[@GigaGeek]

Awesome video and very informative. I actually have similar videos related to stock trading hardware over on my channel. Looks great and awesome vid!

[@StatOasis]

I wish you good luck, send traders my way to learn 🙂

[@peter-lin]

What brand is your new workstation?

[@StatOasis]

its custom built, i pick the parts and my local computer shop built it for me.

[@marinakn2474]

Is this also applied for crypto trading or crypto trading can be done on a laptop as well?

[@StatOasis]

All trading can be done in a browser, but you need a little power to run backtesting or to trade multiple strategies simultaneously

[@alastairferris6184]

How much space does all the chart data take up? I only have 5 years of data on fx pairs and it is nearly 2tb

[@StatOasis]

M1 data for 24 hour futures instrument for 17 years is about 140 MB D1 data for same period is about 1MB

[@mohammadsadeghi1636]

THANKS DEAR ALI...GOD BLESS ....

[@StatOasis]

Thank you for watching

[@user-vo7sv5np5f]

What is your new workstation spec - CPU, RAM, SSD etc?

[@StatOasis]

In the video at 13:03

[@user-vo7sv5np5f]

​@@StatOasis I thought I saw it, but couldn't find it scrolling back and forth. btw, great looking new computer!! Thank you as always for great videos.

[@StatOasis]

Yes ASUS/CorseAir new board support RGB control so you might as well do it 😊

[@foxr2760]

Hi thanks for this video May I know how get this configuration? What Asus model it is?

[@JT-Money-]

An investors are those who do not quality as a day trader, which is 720 trades per year

[@StatOasis]

don't forget some people are occupied with their careers and don't have time to be full time traders, so nothing wrong with investing.

[@ARIANBAHRAMI007]

Thanks for the content. Do you know the benchmark result for i9-13900 for any version KS, etc ?

[@StatOasis]

Unfortunately i dont

[@stevesutton772]

Nice video

[@StatOasis]

Thanks

[@herrickinman9303]

Your 15-year old "workstation" won't support SSD or SATA, DDRM4 RAM, 11th gen Intel CPU, PCIe, etc., etc., etc. because none of those technologies existed 15 years ago, lol

[@StatOasis]

😊

[@mitcht2236]

Very confusing advice

[@StatOasis]

Why?

[@peter-lin]

For the OS, does it matter if its Windows Pro and Windows Home edition?

[@StatOasis]

it doesn't, if you can connect to internet then that's it. but check comparison between Win and Win Pro to see if you miss any features