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Why Windows 8 and XP Are Bad for Stock Trading In 2014 Microsoft discontinued supporting updates or security for their Windows XP operating system. Unfortunately, there is nothing to be done to save the use of the platform for traders. There are now just too many risks involved in being on this software. Security is a large concern when talking about reasons you need to step away from XP. This OS is now a moving target for hackers looking to inject your trading computer will harmful viruses.
In the same token, Windows 8 is also a risk for traders. As of early 2015, there still isn’t full compatibility in trading software with Windows 8. It’s not the large trading platforms that you need to be worried about. The compatibility issue is mostly with third part indicators and other small plug-ins that you might utilize with your trading platform. Another concern for traders is the usability. The last thing you want is to be distracted by having to learn the layout of a new operating system.
Users are very familiar with XP so moving to Windows 7 seems the most natural out of all the OS choices available. Many users have been on XP since it was released in 2001. That is now 13 years ago. This length of time has allowed users to become intimately familiar with the workflow of Windows XP. However, Windows XP is now extremely outdated and incapable of taping into the abilities of newer & faster hardware technology. The average lifespan of a computer is not nearly as long as the time Windows XP has spent on the market.
There is a bit of good news for you. Windows 7 can be considered the close cousin to Windows XP. You are going to be just as familiar with the user features of this platform. The only hurdle you have to get over is how to seamlessly upgrade and not encounter any issues in the process.
The best way that you can prepare your self for this transition is to back up all of your information. Then make a backup of that backup. This ensures that in the process of transferring information from computer to computer you are not opening up yourself to an information loss because of an error.
This may seem like a daunting task, but there just a few simple steps that you need to take to ensure this is a smooth process for you. Your trading computer information and data is a precious commodity. This means that there is no room at all for taking risks with any losses. This is simple to avoid if you take the time to make several back ups. This allows you to install Windows 7 and make sure that your information is protected.
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