May 14, 2020

Five Gadgets to Improve Your Online Trading Efforts Today

Never before have day traders and hobby traders alike had so many different ways to improve their ability to make profitable trades. In addition to education and all the free information that’s readily available online, traders can equip themselves with a huge array of trading tools and gadgets.

As with most things, not all trading gadgets are created equal and many of them promise more than they can deliver. However, there are certain technologies out there that can take your trading efforts to the next level with little effort.

To research this more, we reached out to the day traders at and asked them to share their best recommendations for trading gadgets in 2020. In turn, they came up with a list of five tools, both hardware, and software, that everyone should consider investing in.

1. Lenovo AIO IdeaCentre 520S Desktop – Top Trading Computer

The number one thing you need to be able to start trading seriously is a reliable desktop computer. This will be the main gadget that you use for most of your trading and analytic work and it’s important that you pick a good computer.

Of course, you can research on your own and find a computer that you think suits you and your trading style. Although, after having tried a selection of different desktop computers for trading, we are convinced that the Lenovo AIO IdeaCentre 520S is the best option out there right now.

The computer is a monster in every possible way with a huge storage, fantastic power, and a screen that makes it easy to read of different charts and platforms. It’s also more reasonably priced than many laptops out there.

In case you’re just getting started or think you can make do with a laptop, you won’t go wrong with a regular MacBook Pro. Just keep in mind that you get more bang for your buck if you opt for the Lenovo.

2. eToro Trading App – Copy Trading on the Go

eToro has done two amazing things in recent years. First and foremost, they’ve developed a copy trading platform that is superior to all other similar tools out there. It’s designed to improve your ability to either analyze markets on your own or help you find the most successful traders to copy. Fitted with all the latest, to-shelf trading features, the eToro platform is guaranteed to take your trading to the next level.

Secondly, eToro has developed an absolutely stunning trading app that can be used to trade wherever you might find yourself. Similar to the regular platform, the app has every tool you could ever dream of carrying with you in your pocket. In fact, if you’re a beginner or just a hobby trader, the eToro app might be the only trading platform you might need to start with.

Combine that with a large selection of asset classes, tons of educational material, and the leading social trading network on the market, and it should be obvious

3. Trade-Ideas – AI-Based Market Scanner

Trade-Ideas is a stock market scanner that uses AI to scan the world’s stock markets in search of patterns and investment opportunities. Some people consider it cheating to use tools like this, but we have to disagree. Instead, we would encourage everyone to make the most out of all the tools out there, and the Trade Ideas stock scanner has all the potential in the world to becoming your most favorable gadget.

Better yet, Trade-Ideas has an account set up where you can start a completely free account to get a feeling of whether you like it or not. There is no requirement that you upgrade the account to a paid version either, so if you like the free version you can keep using it like that.

However, for those that want to experience the true power of Trade Ideas, it’s advisable to open a paid account. This will give you access to all the tools and features that come with the software.

4. Ledger Nano S – Cryptocurrency Hard Wallet

Cryptocurrency investments have never been more relevant and as the market continues to grow, it’s something most of us either already have invested in or is seriously considering.

Naturally, as a day trader, you’ll probably opt to use an online broker or cryptocurrency exchange for your trading. But instead of relying solely on day-to-day trading, you should look into some long-term cryptocurrency investments as well.

When buying cryptocurrencies with long-term goals, your number one concern should be safety. And like any professional crypto investor would tell you, the safest way to store cryptocurrencies in cold storage.

Subsequently, the best cold storage gadget out there is, by far, the Ledger Nano S. It’s no bigger than a flash drive, has some of the most advanced safety features on it, and it’s immensely popular. In other words, before you start investing in cryptocurrencies, you should invest in a Ledger Nano S

5. HP 12CP Financial Calculator – A Must-Have Calculator for Traders

Our last recommendation might come as a surprise to many but this is not a joke. Having access to a reliable calculator at all times when trading is crucial. Obviously, we all have calculators on our smartphones and computers, but they can be too distracting. Many day traders refuse to be on their phones when trading and you don’t want to be running more tools on your computer than you need to trade efficiently

Therefore, we always recommend that all traders, regardless of the level you’re trading on, get themself a sturdy calculator. And when it comes to calculators for traders, the HP 12CP is the best option.

It’s small, efficient, and has several practical features that are specifically designed for stock traders. Just keep it next to you on the table while trading and before you know it, you’re going to understand how important it is for your success.

About the author 

Imran Uddin

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}