Must-Have Tools for Successful Trading

21 replies 47 views
Posts: 167 · Reputation: 182
#1May 10, 2019, 07:39 PM
Trading can be super draining and you need the right tools to really make profits over time. Knowledge is key but tech and gadgets play a big role too, maybe about 40% of the equation. Here's some stuff I found useful: hardware wallets like Ledger or Trezor, iPhone 15 Pro, a big Xiaomi monitor, and a solid HP laptop.
5 Reply Quote Share
shard_2013Full Member
Posts: 634 · Reputation: 287
#2May 10, 2019, 11:35 PM
Dude, not everyone has MTN and Airtel. Just talk about routers. Internet connection matters more than fancy gadgets. And what's with the Oraimo Spacebud? How does that fit in? I mean, you can trade with just a phone.
0 Reply Quote Share
Posts: 167 · Reputation: 182
#3May 11, 2019, 02:31 AM
I get what you’re saying, but my list reflects what works for me and my environment. If your setup is better, go for it. It’s all about comfort and budget. If you’ve got better resources, sure, you’ll choose differently.
3 Reply Quote Share
shard_2013Full Member
Posts: 634 · Reputation: 287
#4May 11, 2019, 07:53 AM
Didn’t see the question earlier. Honestly, a decent phone and good internet should be enough. I don’t use a monitor, just my phone for trading, but if you wanna get one, go for it.
2 Reply Quote Share
fewunderstandLegendary
Posts: 284 · Reputation: 5964
#5May 11, 2019, 09:26 AM
You really should add up how much all these gadgets cost to start trading. After calculating, you gotta ask yourself if you even need all this stuff. For me, just a solid smartphone with 5G is good enough to trade with some profits.
2 Reply Quote Share
Posts: 160 · Reputation: 11
#6May 11, 2019, 01:16 PM
The gadgets you need really depend on your budget. A phone with a decent screen should work fine for trading, you don’t need top specs for that. Personally, I'm more into Android instead of pricier Apple gear.
1 Reply Quote Share
the_seedFull Member
Posts: 83 · Reputation: 725
#7May 11, 2019, 05:06 PM
No iPhone for me, thanks. Foldable phones may rock for trading since they can give you that bigger screen, brands like Huawei or Samsung probably have those.
1 Reply Quote Share
im_falconNewbie
Posts: 115 · Reputation: 20
#8May 11, 2019, 07:52 PM
Sure, better gadgets can help, but not having them shouldn't hold anyone back. Many successful traders started with nothing fancy. You can still profit, it all depends on your knowledge.
3 Reply Quote Share
Posts: 95 · Reputation: 8
#9May 12, 2019, 01:17 AM
I feel like your list is way overboard for a trader. If you’re good, you don’t need all those gadgets. It’s more about your mindset and discipline, maybe gadgets are just 10% of it. A solid phone, laptop, and good internet are more than enough.
2 Reply Quote Share
Posts: 179 · Reputation: 229
#10May 12, 2019, 05:14 AM
I see setups online where people spend $5k on gear. Seriously, you don’t need that for trading. Just a decent smartphone works fine unless you’re doing complex stuff like coding.
0 Reply Quote Share
serHero Member
Posts: 580 · Reputation: 2321
#11May 14, 2019, 08:16 AM
I agree, gadgets are great, but newbies shouldn't feel pressured. Start small and upgrade over time. No need to invest in a MacBook right off the bat. Work with what you have and build a strategy.
4 Reply Quote Share
bull2009Senior Member
Posts: 14 · Reputation: 1872
#12May 15, 2019, 04:22 AM
Those gadgets are expensive and not everyone can afford them. Maybe pick the essential ones first. Like, if you need a phone but don’t have a computer, start there. By the way, multiple SIMs are a hassle only two usually fit.
5 Reply Quote Share
br1dg3777Full Member
Posts: 55 · Reputation: 545
#13May 15, 2019, 06:52 AM
Gadgets are cool, but focus on what really matters a reliable internet connection is key! You need what works for you personally, not just the priciest options out there.
4 Reply Quote Share
Posts: 38 · Reputation: 5
#14May 16, 2019, 01:19 AM
Any device that runs TradingView works for me, whether it’s a laptop or a phone. If the price of gadgets determined success, everyone would just buy the most expensive ones.
4 Reply Quote Share
chrisfarmSenior Member
Posts: 11 · Reputation: 969
#15May 16, 2019, 04:19 AM
As long as it runs the trading app, that’s what matters. Not everyone can afford high-end stuff, especially if they’re just starting out. I’m using a simple but effective setup.
5 Reply Quote Share
fork42Hero Member
Posts: 44 · Reputation: 2168
#16May 16, 2019, 06:28 AM
I don't understand how you concluded you need all this high-end gear. You can trade just fine with a basic phone or laptop. No need to spend a fortune unless it’s necessary.
0 Reply Quote Share
degen2016Member
Posts: 21 · Reputation: 149
#17May 16, 2019, 12:00 PM
Is there really proof that having all those gadgets equals success? Trading is about skills and strategies, not the fancy hardware you own. Focus on your trading knowledge, that’s what counts.
3 Reply Quote Share
Posts: 167 · Reputation: 182
#18May 16, 2019, 04:08 PM
Don’t jump to conclusions. This is my opinion and everyone has their preferences. If I prefer an iPhone for trading, that’s my choice, just as you have yours.
3 Reply Quote Share
fork42Hero Member
Posts: 44 · Reputation: 2168
#19May 18, 2019, 01:39 PM
I think you’re a bit off here. Suggesting folks need expensive gear to trade is misleading. Trading is about understanding the market and making smart moves, not just the gadgets.
1 Reply Quote Share
Posts: 78 · Reputation: 29
#20May 18, 2019, 06:18 PM
This is a public forum and I appreciate feedback, but framing it like I’m trolling is a bit harsh. I’m just sharing my perspective based on what I’ve experienced.
4 Reply Quote Share

Related topics