What is the best phone for day trading?
Mobile devices have too-small screens to work with. In addition, with a smartphone, you can trade only via a mobile version of a trading platform. That is why tablets seem to be the right choice: they are smaller than laptops but bigger than smartphones.
- Best Overall: The iPhone 15 Pro Max – A Synonym for Sophistication. ...
- Top Contender: Samsung Galaxy Z Fold 5 – The Future in Your Hands. ...
- Reliable Choice: Huawei Mate X5 – Unmatched Elegance and Power. ...
- Notable Mentions.
Mobile devices have too-small screens to work with. In addition, with a smartphone, you can trade only via a mobile version of a trading platform. That is why tablets seem to be the right choice: they are smaller than laptops but bigger than smartphones.
- iPhone 14 - ensures swift execution of trading applications, enabling users to respond rapidly to market changes.
- Samsung Galaxy S23 - device ensures traders experience seamless multitasking and quick execution of trades.
These platforms are available on our day trading app iPhone, other iOS devices and on Android devices. They offer the same functionality as the desktop version in an on-the-go format. You can download our day trading app Android on Google Play and the Apple version on the Apple store.
- Interactive Brokers.
- SoFi Active Investing.
- E*TRADE.
- TradeStation.
- ZacksTrade.
- Firstrade.
- Ally Invest.
- Webull.
1. Dell XPS 13 Plus. The Dell XPS 13 Plus is a popular choice among traders due to its powerful processor, long battery life, and stunning display. This laptop boasts an Intel Core i7 processor, making it capable of handling multiple trading platforms and charts simultaneously.
| Segment | Model | Processor |
|---|---|---|
| Best Overall | Acer Nitro 5 Gaming Laptop | Intel Core i5-12500H |
| Best Display | Lenovo Legion 5 15 Gaming Laptop | AMD Ryzen 7 |
| Best for macOS Users | Apple MacBook Air | M1 chip |
| Best for Privacy | HP Envy x360 | AMD R Series |
2. **Processing Power**: Laptops generally have more powerful processors and can handle complex trading software and multiple open tabs or applications more effectively.
Powered by the M2 chip, the Apple MacBook Pro 16in is an exceptionally high-performing laptop, exquisitely designed. Ideal for graphics-rich trading software, we didn't hesitate in calling its display the best screen on a laptop.
Can we do trading in iPhone?
With Apple Trade In, you can get a great value in exchange for your current device and apply it towards a purchase today. And you can do it all online (iPhone) or at any Apple Store (iPhone, Mac notebooks, iPad and Apple Watch).
| Trading Apps | Top Features | Trading charges |
|---|---|---|
| Upstox App | Ideal for immediate investment | Rs.20 |
| Groww App | Ideal for Novices | 0.05% or Rs.20(whichever is lower) |
| Paytm Money | There is no commission for direct mutual funds | Rs.15 |
| 5paisa App | Features an option for automatic investing | Rs.20 |
Best for expert traders: Interactive Brokers
It gives investors access to a very wide range of assets, including, of course, stocks. Interactive Brokers mobile app, IBKR Mobile, is a fully functioning investment platform with advanced trading tools in your pocket.
A day trader tries to make money one of two ways. If a day trader sees that a stock is moving higher or thinks that it might go higher that day, they'll buy the stock and then sell it once its value goes up. But if the stock's value drops, then they'll lose money when they sell it. Pretty straightforward!
MetaTrader 4 (MT4) is the best stock market software for automated trading. Launched in 2005, MT4 is used by millions of traders worldwide. The software is supported by hundreds of online brokers. Users simply need to log into MT4 with their brokerage credentials.
| App Name | Fees per trade (INR) | Ratings (Out of 5) |
|---|---|---|
| Zerodha Kite | 20 | 4.6 |
| Angel One | 20 | 4.4 |
| Upstox App | 20 | 4.5 |
| Groww app | 0.05% or INR 20 (which one is lower) | 4.4 |
First, pattern day traders must maintain minimum equity of $25,000 in their margin account on any day that the customer day trades. This required minimum equity, which can be a combination of cash and eligible securities, must be in your account prior to engaging in any day-trading activities.
MYTH: Traders need a souped-up, high-end gaming computer to trade on. FACT: Gaming computers usually cost more than traders really need to spend. Traders don't need a graphics card that does fancy 3D acceleration better than any other card on the market.
Now you know that trading on Forex using an iPad is not only possible but also incredibly convenient. Use it wisely and you'll achieve the best result. All you need is to download the application, and the Forex world will always be there, always accessible and easy to use.
RAM is measured in gigabytes, or GB. It is recommended that you have at least 8 GB of RAM for your day trading computer, though 16 GB of RAM is ideal. A processor is a very important part of the computer unit.
How much RAM do I need for day trading?
In general, we recommend that traders start with at least 8GB of system memory. This will allow you to run most trading platforms and software without any issues. If you are planning on running multiple programs or back-testing, we recommend 16GB of memory for your trading computer.
Do you need a special computer for day trading? The short answer is no. A “day trading computer” is not a special type of computer for day traders. It is simply a computer that has the necessary hardware to keep up with a trader's software.
You'll also need a laptop with enough of RAM for stock trading. The suggested quantity is 8GB, however if you want you can upgrade it to 16GB. The more RAM your computer has, the faster it can do tasks. This is really important when running many programmes at once.
You can, of course, day trade with a laptop. As a matter of fact, we believe you might even trade better the fewer screen, bells, and whistles you have. You can thrive day trading with a laptop!
It is safe to sell your laptop, as long as you erase ts disk properly. There are many tools to safely and completely erase hard drives, but you can always use Window's default Format tool, and disable “Quick Format”.
References
- https://bookmap.com/blog/the-best-day-trading-charts-a-brief-guide/
- https://www.nerdwallet.com/article/investing/webull-vs-robinhood
- https://www.fool.com/investing/how-to-invest/stocks/day-trading/
- https://www.investopedia.com/terms/o/openingprice.asp
- https://eztradingcomputers.net/blog/technology/5-trading-computer-myths-you-shouldnt-fall-for/
- https://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp
- https://www.investopedia.com/articles/trading/10/top-ten-rules-for-trading.asp
- https://www.moneyshow.com/articles/daytraders-28139/
- https://www.forbes.com/advisor/in/investing/best-trading-apps/
- https://www.cnbc.com/2020/06/12/cramer-recommends-buying-these-17-cloud-stocks-based-on-the-rule-of-40.html
- https://www.quora.com/Is-it-safe-to-sell-my-laptop-Can-data-in-hard-disk-be-recovered-by-the-new-user-How-can-I-permenantly-erase-hard-disk-to-eliminate-any-chance-of-recovery
- https://www.warriortrading.com/how-to-make-a-living-day-trading/
- https://www.nerdwallet.com/best/investing/online-brokers-platforms-for-day-trading
- https://www.forbes.com/advisor/investing/what-is-day-trading/
- https://www.finra.org/investors/investing/investment-products/stocks/day-trading
- https://www.sofi.com/learn/content/how-long-should-you-hold-stocks/
- https://www.sec.gov/files/daytrading.pdf
- https://www.linkedin.com/pulse/top-10-best-laptop-trading-forex-trader-2024-exness-in-india-ypepc
- https://www.investopedia.com/day-trading/best-time-day-week-month-trade-stocks/
- https://tickertape.tdameritrade.com/trading/rules-to-manage-risk-15908
- https://samuraitradingacademy.com/7-best-price-action-patterns/
- https://www.nerdwallet.com/reviews/investing/brokers/webull
- https://www.kotaksecurities.com/intraday-trading/difference-between-intraday-and-delivery/
- https://finance.yahoo.com/news/fastest-ways-become-rich-investing-120025750.html
- https://capex.com/en/online-trading/app/day-trading
- https://www.gobankingrates.com/investing/stocks/can-i-make-1000-a-day-by-day-trading/
- https://www.investopedia.com/ask/answers/08/minimum-amounts-of-money-to-start-trading.asp
- https://www.linkedin.com/pulse/5-biggest-baller-options-trades-ever-bumperfinance
- https://www.vectorvest.com/blog/market-timing/can-you-buy-and-sell-stock-on-the-same-day/
- https://www.centralcharts.com/en/palmares/analysts/global/follows/desc
- https://www.dukascopy.com/swiss/english/marketwatch/articles/top-10-most-successful-forex-traders-in-the-world/
- https://tradethatswing.com/the-day-trading-success-rate-the-real-answer-and-statistics/
- https://tradethatswing.com/how-long-it-takes-to-make-money-day-trading-or-swing-trading-consistently/
- https://paxforex.org/forex-blog/forex-trading-your-ipad
- https://www.warriortrading.com/how-much-money-do-you-need-to-day-trade/
- https://www.nerdwallet.com/article/investing/robinhood-vs-acorns
- https://www.forbes.com/advisor/investing/best-investment-apps/
- https://money.usnews.com/investing/articles/how-to-become-a-millionaire-by-investing
- https://www.instaforex.com/knowledge_base/370-best-table-for-stock-trading
- https://time.com/personal-finance/article/how-many-stocks-should-i-own/
- https://fx2funding.com/blog/can-you-day-trade-for-a-living-with-1000/
- https://www.investopedia.com/articles/trading/05/011705.asp
- https://www.businessinsider.com/personal-finance/best-stock-trading-apps
- https://www.simplertrading.com/blog/getting-started/how-much-do-day-traders-make
- https://www.quantifiedstrategies.com/day-trading-strategies/
- https://www.linkedin.com/pulse/100-winning-strategy-quotex-forex-guru-txwac
- https://medium.com/@gillbroking/3-golden-rules-for-stock-trading-i-trading-strategies-i-trading-tips-79a217cc7371
- https://fbs.com/blog/a-beginners-guide-to-the-best-day-trading-patterns-310
- https://bullishbears.com/how-much-do-day-traders-make/
- https://priceaction.com/blog/articles/simplest-trading-strategy-in-the-world/
- https://www.linkedin.com/pulse/10-steps-master-safe-day-trading-practices-beginners-michael-guess
- https://www.investopedia.com/ask/answers/050115/what-are-some-reallife-examples-8020-rule-pareto-principle-practice.asp
- https://www.investopedia.com/articles/investing/090815/3-best-investments-george-soros-ever-made.asp
- https://www.investopedia.com/terms/f/fiftypercentprinciple.asp
- https://www.strike.money/stock-market/best-traders-in-history
- https://trendspider.com/learning-center/what-is-the-pattern-day-trader-pdt-rule/
- https://www.investopedia.com/articles/trading/09/how-to-trade-for-a-living.asp
- https://centerpointsecurities.com/trading-computers/
- https://www.ziprecruiter.com/Salaries/Day-Trader-Salary
- https://www.apple.com/in/shop/trade-in
- https://www.motilaloswal.com/blog-details/is-it-possible-to-sell-a-stock-for-a-profit-and-then-buy-it-back/20239
- https://m.economictimes.com/news/international/business/how-warren-buffett-privately-traded-in-stocks-that-berkshire-hathaway-was-buying-and-selling/articleshow/105318453.cms
- https://www.smallcase.com/learn/types-of-stock-market-trading/
- https://www.investopedia.com/terms/t/two-percent-rule.asp
- https://www.fool.com/investing/how-to-invest/stocks/how-many-shares-buy-stock/
- https://tradersunion.com/interesting-articles/trading-equipment/mobile-phones/
- https://www.moneyshow.com/articles/tradingidea-59591/
- https://www.learntotradethemarket.com/forex-trading-strategies/simplest-forex-trading-strategy-in-the-world
- https://www.linkedin.com/pulse/what-11am-rule-trading-exness-in-india-cjfjc
- https://www.ally.com/stories/invest/day-trading-rules-and-leverage/
- https://www.investopedia.com/financial-edge/0910/the-two-hour-a-day-trading-plan.aspx
- https://s2analytics.com/blog/the-fifteen-minute-rule-lessons-in-technical-trading/
- https://www.linkedin.com/pulse/how-setup-good-day-trading-computer-joel-ukwute
- https://www.mitrade.com/insights/others/trading-strategy/day-trading-patterns
- https://www.schwab.com/learn/story/stock-settlement-why-you-need-to-understand-t2-timeline
- https://www.quora.com/Which-is-better-for-a-stock-trader-a-laptop-or-a-tablet
- https://www.quora.com/How-many-stocks-can-an-investor-buy-and-sell-in-a-day
- https://www.moneycontrol.com/news/opinion/which-price-do-professional-traders-watch-the-most-11991081.html
- https://tradingcomputers.com/blog/how-much-ram-do-you-need-for-your-trading-computer
- https://www.chittorgarh.com/report/best-online-stock-brokers-for-beginner-investor/35/
- https://www.mypivots.com/dictionary/definition/25/80-rule
- https://www.ramseysolutions.com/retirement/what-is-day-trading
- https://www.schwab.com/learn/story/introduction-to-pattern-day-trader-rules
- https://www.investopedia.com/articles/trading/07/timeframes.asp
- https://www.oanda.com/us-en/trade-tap-blog/trading-tools-strategies/most-common-mistakes-by-traders/
- https://www.linkedin.com/pulse/top-powerful-trading-laptops-technical-analysis-2023-nur-alam-ahmed
- https://www.techopedia.com/investing/best-stock-trading-software
- https://www.investopedia.com/articles/active-trading/053115/average-rate-return-day-traders.asp
- https://www.warriortrading.com/how-to-day-trade-without-25k/
- https://www.investopedia.com/ask/answers/05/researchtradingcheap.asp
- https://www.fool.com/investing/stock-market/basics/buy-and-sell-stock-same-day/
- https://www.finder.com/uk/share-trading/best-trading-app
- https://optionalpha.com/podcast/pattern-day-trading-rules-for-options
- https://www.wallstreetzen.com/blog/how-soon-can-you-sell-stock-after-buying-it/
- https://www.businessinsider.com/personal-finance/best-online-brokers-for-free-stock-trading
- https://www.quora.com/Why-do-99-percent-of-traders-lose-money
- https://www.justluxe.com/community/3-best-luxe-smartphones-for-trading-the-ultimate-guide-for-e_a_1976676.php
- https://www.moneyshow.com/articles/tradingidea-60554/
- https://cashkaro.com/blog/best-laptops-for-trading-in-india/230947
- https://www.quantifiedstrategies.com/can-you-day-trade-with-a-laptop/
- https://www.cmcmarkets.com/en/trading-guides/trading-strategies
- https://www.bankbazaar.com/currency-exchange/best-trading-apps-in-india.html
- https://www.upcounsel.com/how-many-shares-can-i-buy-maximum
- https://www.techradar.com/pro/best-trading-laptops
- https://www.nerdwallet.com/article/investing/how-to-day-trade-safely
- https://www.newindianexpress.com/expressdeals/other-categories/best-trading-apps
