One Tool I Do Not Trade Without

Written by Hugh, on November 4th, 2010

This is something that some people may take for granted, but I believe that it is important to have a good calculator handy when trading. By good, I don’t mean expensive for fancy.

Sure, bond traders need their HP 12-C’s and other traders may opt for other fancy financial calculators or computer programs, but not this trader.

I mostly just need to figure out my risk, reward and where I should put my stops. Don’t need a computer program for that.

To me, what makes a good calculator is the following:

It is cheap, easily replaceable
Runs on solar power and batteries
Doesn’t take up too much space on my desktop
Can handle fast button pressing. This is the first thing that I test when buying a calculator. When you press two buttons in rapid succession on some calculators, the second number doesn’t register. Annoying.

I have tried a few and I’m sure that there are several good ones out there, but this is my favorite. It is the Casio MS-80TV.

It fulfills all of my requirements above and it can even be used to calculate exchange rates. Not that I have ever used that function before.

Anyway, if you are looking for a new calculator, I would highly recommend this one as your trading calculator.

Click here for more information.

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