Trading markets is not easy and it takes specialized knowledge together with specialized tools and platforms to analyze markets and make trading decisions. There are devices to enable traders to fully analyze markets and even use custom indicators and tools. In their regard, desktop computers and laptops hold the advantage of using custom indicators and tools. Let’s first see why desktop trading is superior and then analyze the best portable devices that can offer both portability and flexibility during the trading process.
Why Desktop Computers Are Superior for Online Trading
Many apps for Android and iOS devices come with inbuilt indicators. The number of inbuilt indicators is generally limited but still offers decent amounts of indicators for beginners. But generally, it is advisable to use desktop computers with big screens to see enough price data to make conclusions and analyze charts properly. When trading online markets of Forex, cryptos, and other assets it is very important to control when a new candle is opened. Many strategies check if terms are met for opening a position when a new candle opens. Because of this, there are several solutions to this challenge including the MT4 candle time indicator, which aims to help traders see clearly how much time is remaining until the current candle is closed. This can greatly assist traders to manage time when they need to check the charts for certain assets. When trading several assets at the same time this indicator can become a super valuable and important tool for traders. Desktop computers are enabling traders with this level of flexibility because of how advanced and feature-rich their platforms are for online trading. Because of this, the main portable devices that every trader should consider for trading are laptops which are small with smaller bezels and high processing power.
Main Criteria for Selecting the Best Portable Devices for Trading
The first thing a trading device should have is the ability to install a preferred trading platform app thereby it must be a device with powerful hardware and processors. The main device types with this criteria are a thin business or high-performance laptops. The list of top 5 criteria for portable trading devices should look something like this
- Performance – the powerful processor will ensure the device can run trading software apps without interruptions and lags, this is critical when trading fast-moving markets and can define the difference between profits and losses
- Portability – the ability to travel anywhere with your trading device by your side can not be underestimated especially for traders who travel very often
- Display – High-resolution big screen will enable traders to analyze markets and decent screen brightness will help see price charts even in sunlight
- Connectivity – reliable and fast wifi and mobile connectivity is key not to losing contact with the trading server and missing trading opportunities
- Security – since traders handle sensitive financial information it is crucial that the device is not easily hackable and comes with some security measures. Some tablets and laptops come with fingerprint scanners further securing their owners’ data.
After this list of main factors, it is easy to select a trading device that is also portable. Below is a list of some popular portable devices from renowned brands.
Top Portable Devices
1. Dell XPS 13
The Dell XPS series is known for its thin and bezel-less design, is very lightweight, and comes with some serious specs for high performance. With its beautiful screen and powerful CPUs it offers great features to use as a portable device on the go while not sacrificing the advantages of the Windows operating system for running MetaTrader 4 and other advanced trading platforms that support custom indicators and trading robots. Dell XPS 13 also has a long-lasting battery making the device perfect to use for extended periods of time for trading.
2. Microsoft Surface Pro 7
Microsoft Surface is yet another beautiful Windows device which is 2 in 1 device that combines the functionality of a laptop and a tablet. It features a touchscreen, detachable keyboard, and stylus pen that makes it more than perfect for trading on the go. And it is powerful too, making it possible to run any software smoothly without lags.
3. MacBook Air M1
M1 cheap has disrupted the laptop market as it is super powerful and its inbuilt GPU is advanced enough to go toe to toe with Nvidia’s products. With this said it has zero problems processing the heaviest loads of work making it powerful enough to install and operate MetaTrader 4. With its super sleek and thin design, it is also very portable and makes it possible to trade on the go comfortably.
4. iPad Pro
Now we are entering the tablet world. Tablets are using mobile operating systems and are just smartphones with bigger screens. With this said, there are still some decent tablets that pack considerable power. iPad Pro is powerful, thin, and beautiful and can be used for trading purposes. With TradingView charts it is possible to fully analyze prices with technical indicators which are countless in TradingView.
5. Samsung Galaxy Tab S7 and S7+
Samsung’s flagship tablets are not inferior to iPads in any way and they offer similar features with powerful processors and beautiful screens. Just like Apple tablets Samsung S7 and S7+ tablets support stylus pens and are great for all kinds of work including trading on the go. S7 and S7+ have long battery life, large OLED screen, and powerful hardware all in one compact device.