Forex Workstation: How to Set up a Work From Home Office

Choose an area away from family distractions. Your family members won’t believe you are working. Specifically, your kids will keep popping in to enjoy a moment with you if you are a married person.

A trader is supposed to be in a relaxed mental state when trading. So, ensure the room is away from the family room to avoid being distracted.

Select a room that you are going to make your home office. If the room is filled with items, clear everything because an office should contain only one type of equipment: Work Tools.

Select an ergonomic office chair carefully. The chair should provide you with good back support to prevent back pain.

You can get a good office desk that costs as little as Ksh 15,000. Ensure the desk can accommodate your laptop, stationeries, and a few items necessary to be on the desk.

Every business requires work equipment with different specifications. For example, if you are a digital marketer, you need a laptop with a good screen display among other features.

You can trade Forex with any laptop but for efficiency, go for a premium laptop if you can afford it.
A premium laptop should have the following features:

-Good processor speed

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You need to seamlessly shift from one chart to another when analyzing the Forex market. In addition, your laptop needs to communicate with the Metatrader server in milliseconds.

All that can only be achieved by investing in a laptop with at least a 3.5 GHz processor speed.

-Minimum of 4GB RAM

A laptop can have a fast processor speed, but it will load and process data slowly if it has low RAM. A higher RAM improves the speed at which the device’s processor communicates with internal and external components.

4 GB RAM is not bad, but the higher the RAM, the better.

-3-8 hours of battery life

You don’t want a laptop with poor battery life. To avoid inconveniences due to power, make sure the laptop you buy can run on battery mode for at least 3 hours.

-Monitor screen size

A Good Laptop for Forex Trading should have at least a 15″ screen size. That is all you need. But if you want the luxury of viewing the charts on a larger screen, you can purchase a TV screen of 43″ or more.

In addition to a good processor speed and RAM mentioned above, high internet speed is also a requirement in Forex trading.

Chances are you might be having wifi installed in your home. But it is better to use an ethernet cable to connect your PC than wifi because wifi transmits data slowly compared to an ethernet cable.

A serious trader must have a basic maths calculator for calculating risk and reward. The goal is to ensure personal items are used for personal purposes and job equipment is used for work purposes.

You can get an original calculator with as little as Ksh 1,200 anywhere in Kenya.

It would be best if you had paper and a pen on your office desk to write short notes. People remember things better when they write on paper than when they type on an electronic device. So, don’t take this lightly.

Your work from home office needs to be tidy. Having power cables poorly arranged in the room is a bad idea. Visit an electronic shop to get the cable management system at an affordable price.

Natural light is beneficial because it boosts our bodies’ vitamin D levels. Besides that, having the light in your office saves you money on the cost of electricity.

Listening tosoothing musiccalms a trader’s mind when trading. Create a playlist of the music you will listen to in your work from home office.

Some of the websites where you can find Forex trading music playlists include YouTube, Boomplay, Spotify, and Soundcloud.

The Forex market is open 24 hours from Mondays to Fridays. You will not always sit at your office desk to catch a good trade because you need to trade when there is liquidity in the market.

You can set yourtrading hoursin Kenya between 8 AM and 6 PM. How long you stay on the chart depends on your trading strategy. You can catch an excellent entry and close a trade in profits within one hour from when you get to the office.

If such a scenario happens, you do not have to stay in the office the whole day. So, know the period when you are much more comfortable trading and follow your trading plan religiously.