Using the wrong tools and the wrong software for stock trading can be a fatal mistake for your business. But one thing's for sure: the stock market is not the easiest field that you can work in, but once you get used to it, you have to make sure that you're prepared with all the necessary tools.
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However, you might have all the necessary knowledge when it comes to stock trading and the stock market, but all that information is useless if you can't use it digitally in a way that is appropriate for how things work in today's society. What does this mean? Well, in the digital era that we live in, everything needs to happen fast. And if you want to keep up with everything that is going on, you might want to get the best device that can help you succeed and conduct your business in the best way possible.
One thing that every stock trader should be careful about is the software that they're using. In this article, we will discuss the best laptops that a stock trader should use in order to run their software with no problem and keep their business going. Here you can find information for all the technical details that you need to know about and you can also check out the mini-list of pros and cons at the end of each section of the article.
Without further ado, let's take a look at the best laptops for day trading and stock traders:
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- Laptop enhancements — such as increased processing power, larger and higher resolution screens, faster hard drives, or the addition of an optical drive — will drain your battery more quickly. Other laptop features — for instance, a solid state drive instead of a mechanical hard drive — can improve power efficiency.
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1. Apple 15″ MacBook Pro
You're probably already aware of this, but it's a well-known fact that Apple laptops are some of the most reliable devices on the market right now. But there's a pretty big price that you have to pay in order to enjoy this laptop's features. So if your budget is lower than $1,000, you might want to skip this section.
This device has a 15.3′ inch IPS LCD display with the resolution of 2560×1600. When it comes to 15-inch displays, the Apple 15' MacBook Pro is as good as it gets. For the price that you're paying, you also get a 128GB PCIe based SSD. Why is that a good thing? Well, it is already a well-known fact that a laptop will perform a lot better if you are using an SSD. And that's exactly why Apple sells most of their laptops with pre-installed SSD, whereas the majority of Windows laptops come with a hard drive.
With a 7th Gen Intel i5 processor, this machine has 8GB DDR3 RAM and it's also capable to maintain its battery for up to 10 hours. The battery life aspect is very important in stock trading, and one such Apple product makes it easier for everyone to stop worrying when it comes to this part.
There are numerous features worth mentioning on the pros list, but here are just some highlights: long battery life, best display on the market and high performance. As you would imagine, the cons list is short, but we still have to mention some aspects like the fact that the laptop only has two USB Type-C ports or that you can't upgrade the RAM or the SSD.
2. Acer Aspire E 15 (8th Gen)
Not everybody has $1,000 dollars to spend on a laptop, right? That's when this Acer device makes its appearance costing only $600 (almost half of the price of an Apple MacBook Pro). The full HD ISP, 15.6-inch display might not be the best on the market at the moment, but there has to be a difference between one such device that has a pretty decent price, and the ones that cost at least $1,000.
This model comes with an 8GB DDR4 RAM, but the great news is that if you need to run some heavier tasks on this laptop, you can always add RAM in the additionally available slot. One of the more impressive features of this laptop is definitely the 256GB SSD, and if that's still not enough storage for you, you can always add HDD/SSD in another additional slot.
Another great feature that this laptop brings is the backlit keyboard, which is a pretty unusual one because most companies wouldn't offer a backlit keyboard for a lower price device. Also, battery life for this device is pretty decent: up to 8-9 hours (although Acer claims that it can even last 15 hours).
As the most important item on the pros list, we have to mention the fact that it is indeed the best affordable laptop that can be used for stock trading. Also, it has a pretty decent performance, that allows you to run all the necessary software for stock trading. There's not much left for the cons list, besides the fact that if you would like to use this laptop for playing games, it is not recommended, given the fact that it heats a little while gaming.
3. Lenovo Legion Y720
Unlike the previous model, this one is perfect for all the gamers out there that also conduct trading activities. With a GTX 1060 graphics card, that is not available for the MacBook Pro, for example, this laptop allows you to do some hardcore gaming and can be suitable for running any other software, even the one necessary for stock trading.
Good news is that if this 15-inch laptop is not big enough for your taste or needs, there is an available 17-inch laptop that's basically the same as this one. The Intel's 6th Gen i7 processor makes it easy for a stock trader to conduct his business at a rapid pace. It is not the latest best-performing processor available on the market, but it's great for trading activities.
If you need lots of storage on your laptop, and a stock trader usually does, you might want to go for this one. Besides the 128GB SSD, this device also has 1TB memory on its Hard Disk, which should be more than enough for any stock trader out there.
The fact that its performance is amazing and that it has great JBL speakers are definitely aspects worth mentioning on the pros list. As for cons, we could include the fact that its battery only lasts for 5 hours (if you are a stock trader that has to use multiple apps at the same time).
4. Razer Blade Stealth
There are two types of stock traders: the ones that work from home or from an office, or those who are always running around having to carry their laptops with them all the time. If you find yourself in the second category, the device we're going to discuss in this section is the perfect one for you. This laptop has an incredible weight of fewer than 3 pounds. But as you would expect, for such a high-performing laptop that is so easy to carry on-the-go, you will have to pay more than people usually do.
When it comes to the display, you have to options: 12.5 inches or 13.3 inches. I know there is not a huge difference between those two, but for a stock trader, it can make that difference, given the fact that in this job you have to work with a lot of numbers and charts.
In the storage options area, this model of the laptop comes with three: 256GB, 512GB or 1TB SSD. Of course, the price is different for each option out of those three. You should consider the fact that this laptop has 6GB DDR4 RAM, which makes it perfect for heavy tasking such as video editing or playing video games, and of course, running stock trading software.
If we talk battery, it can be a pretty good feature for Razer Blade Stealth, given the fact that it lasts up to 7 hours if you only conduct basic online activity (like research and web surfing for example. If you are one of the heavy users, that number might go down to only lasting for 4 hours.
The premium build quality is for sure at the top of the pros list, along with the high-quality display and the great performance. The fact that is quite expensive for a laptop fits pretty well on the cons list, and also, there's no dedicated GPU.
5. ASUS ZenBook UX330UA
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Even though it is not the latest release by Asus, this model is a great deal for any stock trader out there who has a lower budget. With 8GB DDR3 RAM and 256GB SSD storage, the ASUS ZenBook UX330UA has a pretty decent display and gives you the opportunity to conduct your stock trading activities and succeed with your business while doing it.
It is true that you can't update the RAM, but this model is a pretty fast one as you can surf the web, use stock trading software, do some video editing and even play some video games. In case you love gaming, you should keep in mind that Intel's HD 520 integrated graphics card is not the best idea for heavy gamers, but can work out pretty good for older games.
Some of the best features of this laptop are its weight and battery life. It is surprising that it only weighs 2.6 pounds, which makes it very easy to carry around the entire day. As for the battery life, this is where it gets quite impressive! With lightweight usage, its battery can last up to 12 hours. If you'd like to use it for something more than that, it can still last up to 10 hours. That's pretty impressive, isn't' it?
The list of pros is mostly dominated by the two features mentioned above: battery life and weight. As for the cons list, there's not much to mention if we consider the price, but the quality of the display could have been better for sure.
6. Dell XPS 15
As we mentioned before, a laptop with a wider screen would be perfect for a stock trader. And this is where Dell XPS 15 makes its appearance, a device that offers great quality for an affordable price.
The 15.6-inch screen comes with two available types of displays: 1080P and 4K. Of course, it sounds amazing to work on a laptop that offers you 4K quality, but you might want to consider the battery life aspect before making a decision. That means that your battery might die much, much sooner when using a 4K display. Now you might ask why would you choose the Dell XPS 15 only for its display quality when you can easily go for a MacBook Pro? Well, it is very simple actually: the Dell model is a lot cheaper.
The GTX 1050 4GB VRAM graphics card makes it possible for a user to use all the necessary software for stock trading and almost anything else, so the performance of the laptop is great. And to take the great news even further, if you also love gaming, this Dell laptop can works amazingly well for you.
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At the top of the pros list, it wouldn't be right if we wouldn't mention the amazing display. But we also can't throw aside the fact that the laptop does very well when it comes to gaming or heavy tasking. It is safe to say that there are no items on the cons list? Really, if we consider the price of the device, there's nothing more than you could ask from this laptop.
Final Words
If you want to give yourself the best shot at succeeding in your career as a stock trader, you have to be very careful when it comes to picking the right tools before taking this path. Of course, one of the most important aspects is the software that you use, because you might miss on a lot of money if you don't use the right one.
But don't forget to consider the fact that you need a great laptop that entirely supports the software that you need and even more than that. You might love video editing on the side, or gaming, or any other heavier task for a laptop, so that's why you need to get a laptop that will help you conduct your activities as a stock trader and other activities in your spare time.
Blake is a self-made online day trader with a knack for adventure. On his free time, he loves reading and learning new methods in the trading as well as improving his jiu-jitsu skills. He currently resides in New York City.
Amazon is the uncrowned king of eCommerce marketplaces. Each month more than 190 million people visit Amazon.com. That is the highest compared to any other eCommerce marketplace.
It also managed to generate a revenue of $238 billion in 2018 and was predicted to cross the $300 billion mark in 2019.
As well as making money itself Amazon offers numerous ways for people like you to make money. Even better, it's possible to make money from Amazon without investing a cent.
To know how check out these 7 ways to earn money from Amazon with zero investment.
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1. Merch by Amazon
Merch by Amazon is an earning opportunity for designers. Here, you only need to upload the design of a t-shirt, hoodie or sweat and earn commission on every sale. You do not need to keep any stock and handle the fulfillment hassle.
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Just come up with a creative design and earn a commission when merch with your design is sold.
How do you join Merch by Amazon, here are some easy steps:
- Sign up to Merch by Amazon and create a design
- Upload the design on any merchandise
- Select the color of your merch and write a product description
From there, Amazon takes complete charge of creating a product page, printing, packaging, fulfillment and customer service.
Maybe you are thinking this opportunity is only for a designer. However, you do not need to be a professional designer; there are multiple free online designing platforms out there such as Canva and Snappa where anyone can make a design to be printed on a t-shirt.
Even better, just go to Pinterest and take any design that you like to print. Make sure the design does not have a watermark present on them.
Check out the productand graphics specifications below.
How does Amazon pay?
On each merch sale, Amazon pays a royalty as a commission for the design. The royalty is based on the product's purchase price that is set by Amazon after all the cost is taken into consideration including material, printing and customer support. Check out the royalties here.
If you need some guidance, Amazon also offers its best practices page where it provides all the necessary direction about design such as artwork resolution, color selection, sizing, and placement.
2. Amazon Dropshipping
If you like to sell stuff with zero investment then Amazon dropshipping is the best option you have out there. Many people confuse Amazon dropshipping with Amazon FBA – that's not the same.
With Amazon FBA, you need to deliver the products to Amazon fulfillment centers in bulk quantity whereas in dropshipping you do not buy anything in bulk.
What is dropshipping?
The seller displays the supplier's products on their store and when a customer orders from the store, the supplier delivers the product and you get the difference as profit.
To do Amazon dropshipping, you need to select the option of fulfillment by the merchant, which means you (the seller) are responsible for fulfillment.
Here's how you can perform dropshipping on Amazon without any investment.
First, select a trending product to sell on Amazon.
Then, create an Amazon individual seller account; you will be charged only when you sell something.
Select a US-based dropshipping supplier. The reason for selecting a US-based supplier is to make the delivery faster.
Note: Make sure to tell your supplier to mention your seller information on the product, not suppliers.
According to the Amazon dropshipping policy, the seller's information should be present on the product, not the suppliers.
Then it is simple, you just display the product on your Amazon store and when you receive an order ask your supplier to deliver the product to your customer's address. You receive the money from the customer, pay the supplier and keep the difference as profit. Another great way to earn money from Amazon.
3. Amazon Handmade
Amazon handmade is another great platform for creative people to earn money from the world's biggest eCommerce platform.
This platform is similar to Etsy where people can sell handmade products such as jewelry, accessories, and clothes.
If you are fond ofmaking these types of DIY products then Amazon handmade is the ideal platformfor you.
You also have the option to deliver the product on your own or you can ship the product to an Amazon fulfillment center where Amazon will deliver the product under the FBA (fulfillment by Amazon) program.
This is an amazing platform to earn but this opportunity is only for genuine artists who are really into DIY stuff because Amazon has a very lengthy process to assure the credibility of the seller on this platform.
Amazon charges 15% referral fees for its services. Apart from this referral fee there is no setup or monthly charges. Check out this page for more details.
4. Mechanical Turk
Mechanical Turk is a great earning opportunity for part-timers. Amazon outsources a lot of its work and submits these jobs on Amazon Turk.
In this program, you are required to work virtually from home. The requester places the job on the Mechanical Turk marketplace where a worker who is interested in the particular work can offer its services.
The nature of work could be anything including filling out a survey form, data validation, etc.
It's a great opportunity for you to earn some extra income in your free time.
The purpose of Mechanical Turk is to complete projects faster by cutting down the work into micro-tasks.
It is very simple to join, just create a worker's account and fill out the required information.
Workers can choose any task they want to work on. However, it is a better option for US citizens as they receive payments instantly.
5. Work from Home/Virtual Location
Work from home is a kind of freelancing opportunity that Amazon offers. On its virtual location page, Amazon posts a lot of job openings such as customer support representative, technical support staff, business development officer, etc.
The positions are for seasonal, part-time and full-time work. If you think you have some talent and can work from home then do check out their virtual location page for the latest openings.
6. Amazon Flex
If you have a car and license you can earn from Amazon with zero investment.
Amazon Flex is a program for drivers, it was launched as a solution for the Amazon same-day delivery option for its Prime users. The driver can select the working hours for themselves, make deliveries for Amazon in their free time, and earn up to $18 – $25 per hour.
To become a part of Amazon Flex, here is what you need:
- Minimum age of 21 years
- A legal car
- A smart phone
If you have these things, then you just need to download the Amazon flex app and select the working hours at your convenience.
To learn about Amazon Flex, click here.
7. CamperForce
This is a great earning opportunity for someone who owns an RV. Amazon CamperForce is a program to earn some quick seasonal money.
The duty of a CamperForce associate is to select a seasonal task in a location. When the season arrives, Amazon will assign an area then you will have to store, pack and receive Amazon packages within the designated area in your RV.
For your services, you can earn up to $550 per campsite. Check out this page for more CamperForce detail.
Wrapping up
Amazon is getting bigger in size as well as in status every year. That forces the company to come up with different and unique ways to keep the workflow continuing 24/7. A majority of these earning methods are the result of making the workflow smooth for Amazon.
As you have seen already, you have plenty of ways to make money on Amazon without investing any money. All you need is the will of earning and you will surely find a way to make money from the world's biggest eCommerce platform.
Guest author: Bilal Uddin is a lead writer @withintheflow. He likes to write about eCommerce, digital marketing, advertising, and social media marketing. He also loves to binge-watch and read murder mysteries. You can connect with him via Linkedin.
