DSL or Cable Modem for Trading
Do I need DSL or Cable Modem service?
If you are day trading stocks with direct access level II software, the answer is a resounding "YES."
Stock trading software requires a lot of data and statistics to be constantly delivered to your trading computer via the Internet. Consequently, you are better off getting broadband Internet service (DSL or Cable Modem) if you are planning to trade stocks.
When the market is very active, stock day traders with a 56K connection typically experience data delays, where the data being displayed on their computer screens lags the actual market data. Not a very pleasant thing to experience.
Even though some currency trading software will work with a regular 56K connection, I still recommend broadband if you're day trading.
Extreme day traders or scalpers might also benefit from a more expensive option like a T1 line.
Back to trading education.
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