With society becoming more fast-paced, online trading has become more popular than ever.
To carry out this activity, it essential to use the Best Tablet for Day Trading forex, stocks etc.
In this article, we will delve deeper into how suitable some tablet devices are for online trading, particularly for the trading of Foreign Exchange (Forex).
What to Look for when Choosing a Tablet for Forex & Stock Trading?
There are many factors to consider when choosing a tablet for Forex trading, the most important of them being their processing power and their price.
Although Forex trading is not the most process-intensive activity out there by any means, there are several applications that may be resource-intensive and may even require additional software for them to be supported, hence requiring powerful processors.
For trading, 2-in-1 tablets would be very good options due to them having the portability of standard tablets along with the functionality of a keyboard, making Forex trading easier and more efficient.
5 Best Tablets for Day Trading (Forex, Stocks)
1. Microsoft Surface GO
One of the best 2-in-1 tablets available for trading Forex is the Microsoft Surface GO tablet.
This device consists of a high resolution 10-inch PixelSense display that can be viewed, touched, and written on.
Despite its 10-inch screen, it has a super light surface, making its total weight only 1.15 pounds (0.52 kg). Importantly, it has a battery life lasting up to 9 hours and has an ambient light sensor. The device is, according to Microsoft’s own words, streamlined for security and superior performance.
Despite not being the most powerful device on our list, this tablet definitely is one of the most affordable out there while still being very effective for online trading.
However, if you require a device that requires more processing power to carry out more demanding tasks, this might not be the best choice.
With that being said, this would be a good choice for a beginner in trading eco-system.
2. Asus Chromebook Flip C434
Another great tablet for Forex trading is the Asus Chromebook Flip C434. Unlike the Microsoft Surface GO, this 2-in-1 tablet is focused more on performance.
The Asus Chromebook Flip C434 boasts a Full HD 14-inch touchscreen with a 4-way NanoEdge crystal-clear display, a backlit keyboard, and a durable 360-degree hinge which allow the device to be flipped to tent, stand, tablet, and traditional laptop modes.
Its specifications include an Intel Core m3-8100Y processor with a 1.1 GHz frequency for super-fast performance, as well 4 GB RAM, 64 GB eMMC storage, perfect for carrying out strenuous trading related activities.
Despite all of this, the 2-in-1 tablet only weighs a meager 3 pounds in total due to its all-aluminum lightweight body without compromising on durability.
Running on a Chrome OS, its OS is updated and made better every year by Google, making it even better equipped to deal with Forex trading activities.
All of this, however, comes at a higher cost compared to the Microsoft Surface GO, and might not be the ideal choice for a beginner.
That being said, if you are an experienced and confident trader who is willing to spend extra for a device that will allow you to carry out your trading activities more smoothly, then this is a good choice for you.
3. Dell XPS 13
The Dell XPS 13 is an excellent 2-in-1 device for Forex trading. Although it is similar to the Asus Chromebook Flip C434 on that fact that its main focus is performance, this device takes it to the next level.
The Dell XPS 13 has the world’s first ever Infinity Display of 13.3-inch Full HD Backlit WLED screen.
It consists of a 5th Generation Broadwell Intel Core i5-5200 of a frequency of 2.20 GHz, plus Turbo Boost Technology allowing for a frequency of 2.70 GHz.
It also boasts a 4 GB RAM, 128GB SSD, and an Intel HD Graphics 5500 GPU, allowing even the most stressful of trading activities for most CPUs to run super smoothly. Despite all of this, it only weighs 2.6 pounds and, importantly, has a battery life lasting up to 15 hours.
A device consisting of all of the above would justifiably have a huge price tag to go along with it, and the Dell XPS 13 is no exception.
This is where you need to ask yourself the question: Is this what I need or is all this too much? You need to be very careful when answering this.
There are many devices available in the market that are able to run Forex trading related applications.
Most of these devices, however, are not as powerful as the Dell XPS 13, and along with carrying out these activities, the Dell XPS 13 is able to handle other, non-trading related applications at the same time.
So, to sum up, it is a rugged work tablet perfect for all kinds of outdoor or field work coupled with it’s super portability.
However, if you want a device which will allow you to not only carry out Forex trading activities but also allow you to multitask by handling other applications and activities at the same time, then you should definitely consider the Dell XPS 13, particularly if your trading activities require a lot of processing power.
4. HP Spectre x360
With the Asus Chromebook Flip C434 focusing on power and the Dell XPS 13 taking it a step further, it is now time to look at the HP Spectre x 360, a device which will take it to an even higher level.
Considered to be the best 2-in-1 device created by HP, its specifications certainly live up to the billing, having a 13.3 inch diagonal FHD IPS Radiance Infinity LED-Backlit touch screen display (yes, you read that right) while still having a battery life of up to 12 hours.
The device also consists of an Intel Core i7-7500U processor with an Intel HD Graphics 520 GPU with a frequency of 2.7 GHz up to 3.1 GHz along with Intel Turbo Boost Technology.
With 8 GB RAM, 256 GB SSD storage, and several other features as well, it is by far the most impressive device on our list, and is certainly the most capable of handling several trading applications and activities at lightning-fast speeds.
This is where your choice of choosing the right device for carrying out your Forex trading activities can range from being described as smart or maddening.
Being easily the most expensive device on our list, choosing this simply for the task of carrying out Forex-trading activities would be an absolutely mid-boggling decision, unless you’re running around 100 Forex applications at the same time (which is highly unlikely).
Therefore, one should only consider the HP Spectre x360 for Forex trading if they have a lot of money to spend and if they have many other process-intensive applications to run at the same time.
Having such a device solely for the purpose of Forex or Stock Trading would both be a waste of its capabilities and your money.
5. Microsoft Surface Pro 7 – Ideal for Writing & Notes
Having seen some of the more powerful 2-in-1 tablets suitable for Forex trading, it is a good idea to look into some lying in the middle-ground, along with one of the more economical options in. The Microsoft Surface Pro 7 is one such device.
Being a detachable 2-in-1 tablet, users can switch to full tablet mode for added convenience. It has an ultra-slim design and weighs only 1.7 pounds.
It consists of a 10th Generation Intel Core Processor with an impressive frequency of 2.7 GHz.
Very importantly. its battery lasts up to 10 and a half hours, and has a very impressive recharge time, going from 0% to 80% in just an hour.
The Microsoft Surface Pro 7 is a very good option for both beginners and experts of Forex trading.
If Forex trading is something you not only want to try out but also improve on (hence using more processing-intense applications in the process), then this device would be very suitable for you at a reasonable price.
To end, we need to ask the same question we asked ourselves in the beginning, which is: What should I look for when choosing a tablet for Forex trading?
With several options now in front of us, we must make this decision based on what we require the most.
You have budget-choices for less process-intensive trading activities, expensive choices for more process-intensive applications, and those lying in the middle-ground.
Regardless of how confusing this choice can be, we wish you the best of luck for your Forex trading journey, and if you ever need an idea in deciding what tablet to choose, you can always come back to this article to help you.