I have plans to spend around $3-4K excluding the monitors.. But i have heard Intel is releasing new end processor in coming 1-2 months. So i was thinking to build a machine not very very high end, but somewhat high end, which let me do my multi-tasking work with ease. probably exclude the gaming on it.
Ditto on all points. 95+% of us traders are properly served with a modest rig.... OK CPU, 2-4 monitors, modest video card(s), adequate RAM. I like Dell workstations (HP and Lenovo workstations equivalent, though more pricey). Used, $500-ish or less. New, $1000 or less. Recommend against "budget" machines to run > 2 monitors. What's "budget"? Mobo with 1 x16 slot and onboard video. When I upgrade my system 2 years ago, I got 4, Dell Precision T3500, used... for ~$1,300.... fairly strong CPUs, (Xeon W3570), 4G RAM, NVS 295 video, W7-32bit. $325 per machine. No need to spend more for trading.
Xeon and i7 are based on the same architecture and I remember that my i7 was recognized as Xeon by one of the hardware checking utility. Xeon is for server market and has better reliability, thermal characteristics, uses ECC memory and can be used in dual processor boards. Performance is similar and consumer product is cheaper. Processor is only part of the story because it is the fastest part of the system. Chipset, memory, graphics bus speed , and quality of graphic card , HDD/SSD and obviously software play a role because those are the bottlenecks of the system. Most of the software unless is customized does not use total compute capability of the processor. Intel is releasing new processor and chipset working with DDR4 memory in 2015. However, in my opinion times of falling prices for computer hardware are behind us because there is fewer people buying "real computers" and we may expect upward pressure on prices. This means that your rig will be outdated a year from now but still with good performance characteristics and economic in terms of price.
There is an interesting solution for windows programs www.ibik.ru. I have been working off a 17" laptop, and I use for monitors.
I am not kidding by asking you this: I have a rather decent Quad Core AMD desktop with 8GB of ram and 1GB 620GT video card. Why does the "Text" screen saver stop (stutter) while spinning? Ram quality?