First off, if you are not familiar with or why you would use a Virtual Private Server (VPS), it is considered a leading topic for web hosting but not so much for Forex trading.
That said, a virtual private server could have been very useful to a trader depending on whether relying on an automated service and / or a chosen method of trading.
What Is A VPS?
A virtual private server is a very special server that is housed on the same computer along with other virtual private services, ie, “virtual”. Even though they are all on the same computer, they can perform and operate quite independently from each other.
With a VPS, you may install the operating system of your choice, have the ability to reboot and have complete and full control over the VPS, as if it were just a program on your computer. A VPS has its own dedicated power supply, allows flexibility, convenience and stability. You are given a certain amount of RAM, space and transfer allowance each month. What's not to love?
So What Has VPS Got To Do With Forex?
There are some excellent benefits in using VPS for trading instead of trading directly from your own computer:
Trade Anywhere Any Time:
Without you have a laptop, let's face it, you've got to deal with trading where ever your computer is located. Possibly you just are not interested in mobile devices or maybe your broker does not support mobile trading. Some brokers do not have an online trading platform but does require a download. So, if you have a VPS, you may connect to your platform from literally anywhere. As long as you have a network connection, just log onto your VPS and make trades from anywhere – your hotel room or even an internet cafe.
Power's Down – Now What?
If you use automation for trading, you can keep trading even when your power goes down. As long as your automated system processes well without constant monitoring, you will continue to make money until you can get back on line when power is restored.
Any Time Of Day:
OK, so you do not have to be at a particular location, your system can execute trades when you are away or your computer is off. Now you know the system will continue to trade even when you are sleep!
The Best Security Anywhere:
VPS systems are offered by the very best companies in the world and have the very best security in the world! VPS servers are regularly checked to make sure all operations are functioning properly. The majority of these companies guarantee a 99.9% up and running time. You will constantly revive anti-virus and other valuable tools to keep your system from ever becoming vulnerable.
A Great Deal Less Slippage:
Even if you personally prefer to place all your trading entries manually, your VPS will benefit your activities. A VPS can carryout your trades faster than your computer because its transmission of orders is so much faster. You will experience less delays and a great deal less slippage. As I'm sure you know, slippage can cost a great deal of money, this is the best way to reduce losses and any unpredictable occurrences.
Deciding To Go With VPS:
These systems can be rather expensive services even if you only need the very basics such as minimum disk space, so do a little homework first. Look for companies that offer good RAM and adequate transfer allowances.
Read up on reviews given toward various companies, find the best hosting and get in touch with customer service to get further information. Ask how many system resources you would actually need before making any purchases from a company.
As this is a monthly payment plan, why spend more than you really have to?
Not everyone will benefit from a VPS, some will benefit a great deal while others will experience limited benefits including limited slippage.
Ask yourself, if you depend on automated trading, have limited resources for placing trades, such as download software or mobile devices, If you answer yes to these circumstances, VPS could probably be a good choice for you.