Best Tech and Apps for Traders
As we head into 2016, with a promise of yet more state-of-the-art tech and apps for traders, read on for the lowdown on what we thought were 2015’s best smartphones, monitors, laptops, apps, tablets and more that will reform trading as you know it…
HP Z27q monitor
The lowdown: A new year = a new monitor? Sounds fair to us. And HP’s impressive new line of UltraHD professional monitors were announced just in time to top our 2015 tech wish list. The Z27q is our pick because of it’s cutting edge 5K resolution and increased screen real estate. You can even hook two devices up to the monitor for the ultimate news feed experience – ideal if you’re trading news or fundamentals.
Best bits for traders: It supports picture-in-picture and picture-by-picture modes: basically, you design your monitor and decide where you want all of your widgets and applications to go. Ideal if you’re always wishing you had one more monitor and trying to cram as much into your screen space as you can.
How much? $1,299
Find out more: At HP.com
Economic Calendar App
The lowdown: You probably already use our Economic Calendar to inform and plan your trades (if not, shame on you…) but did you know you can also download an Android app for the Forex Calendar, Market and News so you’ll always have the latest economic events at your fingertips? Ideal for trading on-the-go, keeping on top of things when you’re spending time away from the office and checking what’s coming up over your morning coffee.
Best bits for traders: You’ll never be away from the latest market news. Whether that’s a good thing or a bad thing we’ll let you decide.
How much? Free!
Find out more: In the Google Play app store
Microsoft Surface Pro 4
The lowdown: We explained in last year’s Trader Tech feature why laptop-tablet hybrids could be the answer for mobile trading… and we really like this 2015 offering. It has a choice of an 8- or 14-inch screen and a super powerful Intel Core M processor with more than 8 GB of RAM that will run all your trading apps without breaking a sweat. And it looks pretty smart, too.
Best bits for traders: The massive advantage of Microsoft laptop-tablet hybrids over their competitors is that they run both mobile and desktop applications, meaning you’ll be able to have all your favourite trading apps (and games, calendars, social media and whatever other distracting apps you can’t live without) in one place.
How much? £1,299.00
Find out more: At microsoftstore.com
The lowdown: Trading on the go is all well and good… until you find yourself in a coffee shop with no WiFi holding a full cup of coffee you paid for before you realised you’d been cut off from civilisation. Now what?! Well, add a Karma Go to your mobile trading equipment, and no problem: simply dial in to your personal WiFi hotspot, connect as many devices as you like and only pay for as much (or as little) internet as you need.
Best bits for traders: It’s one of the only pay-as-you-go portable WiFi solutions we’ve found, which means it’s ideal if your schedule is erratic – only pay for what you use.
How much? $149
Find out more: At yourkarma.com
The lowdown: Up there on the annoyance scale with a lack of WiFi is your tablet or smartphone dying on you when you’re trying to keep an eye on the charts. The Power Pen will put an end to all that, uniting the world’s two most borrowed items – the pen and the phone charger. Just make sure it doesn’t go walkabouts in the office… you won’t want to lose this pen.
Best bits for traders: There are a multitude of power banks and back-up chargers out there – but most of them take up valuable space in your laptop case or bag. This one is no bigger than a normal pen – and you can write with it too, making it one of the most space-efficient items you’ve ever put in your pocket.
How much? £24.99
Find out more: At firebox.com
ThinkPad X1 Carbon
The lowdown: A laptop is an essential piece of your mobile trading kit, and usually presents you with a dilemma: go for a smaller screen or opt for a lighter, more portable laptop. But the ThinkPad X1 Carbon offers the best of both worlds, packing a 14 inch screen and weighing in at just 2.9 pounds so you can literally take it anywhere. It also has a high-res touch screen so you can see those charts clearly.
Best bits for traders: It’s so light that even if you add a DuoScreen it’ll still be easily portable. Surely what mobile trading dreams are made of?
How much? $1,149
Find out more: At Lenovo.com
The lowdown: As traders, we know you’re a busy bunch, and that’s why one of the things we try to do in our Trader Lifestyle features is make your life easier and your spare time more fun. EasilyDo can help with that – it’s a virtual personal assistant that will remind you of important events, alert you when it’s time to leave, track packages, give you directions, clean up your emails, file receipts and lots more.
Best bits for traders: If you find it hard to drag yourself away from chart-watching to get to those important meetings (or make that lunch date, or pick up the kids), EasilyDo will send you an alert to remind you when it’s time to leave. Trading : life balance, sorted.
How much? The basic package is free but you can buy additional features for $4.99 / month or $49.99 / year.
Find out more: At easilydo.com
Samsung Galaxy S6
The lowdown: A good smartphone will make trading on-the-go that bit easier, and we’ve got high hopes for Samsung’s latest offering. Official details have yet to be released, but rumour has it that the S6 is smarter than its predecessors with a new metal casing and high-end feel, and that Samsung have given the resolution and screen quality a boost, pushed the screen size up slightly and included a powerful 64-bit processor – all of which will improve the mobile trading experience.
Best bits for traders: The inclusion of UFS (Universal Flash Storage) provides enhanced data speeds and saves on power consumption to making mobile trading almost as fast as trading from your desk and your battery less likely to die while you’re trailing crucial stops.
How much? £499.00
Find out more: At samsung.com
Trading Station Mobile App
The lowdown: A repeat from last year’s feature on Trading Gadgets, this app from our friends over at FXCM lets retail traders access to Forex market quickly and easily. It’s available to both demo and live account holders and allows you to place and manage trades on the go, view charts instantly and read all the latest FX news through its specially-designed interface for mobile devices and tablets.
Best bits for traders: The FXCM app will let you follow the trades of your very own Littlefish FX Managed Account – do we need to say more?
How much? Free!
Find out more: At FXCMApps.com
LG 21:9 UltraWide Monitor
The lowdown: Strictly speaking, this one was designed for gaming, not trading – but that doesn’t mean it doesn’t have advantages for traders, too. It’s just about the widest monitor you’ll find on the market at 34 inches, with a curved screen to maximise screen real estate and FreeSync technology to generate fluid motion – no more irritating freezes while you’re patiently watching for your stops to be reached.
Best bits for traders: What trader wouldn’t want to get their hands on the most high-tech monitor out there? You might want to think twice if you’re into PC gaming outside of trading hours, though – the gaming quality is so impressive you might find yourself playing when you should be watching those charts.
How much? £399.00
Find out more: At lg.com
Bloomberg Virtual Trading Terminal
The lowdown: This one is nothing more than a pipe dream at the moment – but it’s so awesome, it’s going to be on all of our trading tech wishlists until it becomes a reality. Bloomberg are working on a virtual trading terminal using Oculus Rift technology to give you virtually unlimited screens you can take anywhere with you.
Best bits for traders: You can have as many screens as you want, and you can easily take them home with you at the end of the day. Screen real estate will cease to be an issue.
How much? A lot, probably.
Find out more: Here