I'm not going to tell you that for the perfect trading environment you need to have 8 x 43" monitors, be listening to vegan straight edge music (yes, it's actually a real genre), have an energy drink to your left and a protein bar to your right in a room that's exactly 24 degrees Celsius in order to obtain the perfect trading environment.
The actual answer to this depends on the individual.
And you definitely don't need 8 screens.
The key is to find what works best for you and as you will see throughout this article, even the Urban Forex Senior traders have very differing setups.
Let's start by looking at how Navin likes to set up...
Navin, as I'm sure you know from his Facebook updates, likes to travel a lot.
For this reason, Navin's trading desk is very mobile.
When he is at home he sits at his desk and uses his iMac, but really all he needs is his laptop and earphones.
Navin also likes to listen to motivational and inspirational music and playlists while trading.
When staying in hotels, he requests rooms on high floors with great views as these views can also act as inspiration.
His screen set up is simple. He usually sticks to one chart at a time on screen. He will have tabs open for trading view, IB (his broker) and a position size calculator.
Dev's set up is a bit different.
When Dev sits down in his Captains Chair he has 3 displays facing him. He also has his Trading Juice (water), Trading God, Podcast Mic, Mechanical Keyboard, Headphones and a lot of post-its for keeping notes.
Dev has the following windows always open on his screens:
Dev is always listening to music while trading. He likes "anything that sounds good, but mainly R&B, Sinatra, and 80s pop".
I just know Dev loves a bit of Rick Astley - "Never Gonna Give You Up"
Armand doesn't need much.
All he needs is his laptop, a set of headphones and his backpack to move from place to place.
"I like to be very mobile. So I travel light. I also feel that looking at more than one screen distracts me or messes with my focus."
Armand, like Dev, also listens to music while trading, stating "I need music".
He doesn't, however, have any specific genre's that he listens to saying "I have too many Spotify and YouTube playlists to list".
Rumour has it that there is some vegan straight edge music in some of Armands playlists.
Barry, on the other hand, likes his screens. He has 6 of them.
"I like to have multiple monitors when I am stalking pairs. I can have a pair on each monitor so I can keep a close eye on them."
A common theme does seem to appear as, similar to Dev and Armand, Barry also listens to music while he trades. But the types of music here are interesting:
"I also like listening to music, but it changes from day to day depending on my mood. Sometimes it's pump-up music (like for working out), sometimes it is classical, sometimes dubstep, sometimes Japanese flute."
After Barry enters a trade he likes to get away from the screens for a while:
"I also hit a lot of golf balls or work in my machine shop once I'm in a trade. That way I can get away from the charts for a little bit so I don't do dumb things once I am in. Haha"
Yes, Barry sometimes likes to listen to Japanese flute whilst trading... Whatever works for you Baz :)
This will involve trial and error.
In the beginning, the main thing is that you are comfortable and don't get distracted. For some people this is being in a public place like a coffee shop, for other,s this is being on their own in their man cave.
For me personally, I've gotten comfortable with both. I started out only using one screen and one chart per screen. This is what I have gotten used to so, for now, this is what works for me.
I see the freedom to work from anywhere as being is a huge advantage to the trading lifestyle and for this reason, I also like to be able to travel light and be more mobile.
I love listening to sports podcasts but I found that if I am listening to them while trading then I am not fully focused on the charts. So after trialing it, I found that it didn't work for me so instead I keep it to music.
I enjoy most genre's of music (can't say I'm too familiar with Japenese flute though) but I find the best background music for me while trading, are movie soundtrack compilations from Hans Zimmer or John Williams.
Do you have multiple screens with multiple charts open or do you like to keep it more simple?
Do you like listening to music
Let me know in the comment section below or send us in your photo's to [email protected]
With Pip Love,
Garry at Urban Forex
Fill out the form below to join our Webinar mailing list to get invited to the next webinar, get webinar recordings, and major announcements!
Fill out your details below to be updated instantly when there is a new live webinar coming up or other major announcements.