Like my blog? Sign-Up for a FREE newsletter! OR Give a ‘Like’ to my FaceBook Page
Forex trading has become the best way of making money online and does not require huge investment in terms of money and time. However, in any business, success is counted on how much profit you make. Some business increase their profit margins when their have a huge customer base, but for Forex traders profits are determined by the tools and resources that you have access to. They can be either informational products or software that will assist you in making critical decisions when trading. For Forex traders, the best tool that they can utilize is a VPS account. VPS accounts have immense benefits to Forex traders due to their widespread availability and easy to use.
You might have heard about VPS, but, what does it mean? How will it be of benefit to me as Forex trader?
A VPS hosting account will help you install your expert advisers on a dedicated remote “VPS server.” The Forex VPS runs 24/7 without any interruptions and is independent from your own computer. Furthermore, the running of the Forex VPS is done without any effort from the trader as long as it is installed in the trader’s PC. It is important to note that, when looking for a company that will host a virtual server make sure that it is constantly running and executing trades via the platform you are using. There are very many benefits that a Forex trader can get when using VPS in Forex trading.
The following information will outline and discuss the benefits of Forex VPS to traders. Assuming that you are using the MT4 EA platform which is not currently installed on a VPS, there will always be unforeseeable problems when running the EA from your PC. They include internet disconnection, system failure and power outages. However, when the MT4 EA is installed on a VPS all the above problems will be eliminated. Furthermore, you can shut down your PC when not in use since the expert advisor is trading a real account from the VPS.
With VPS hosting account you will have uninterrupted running of your expert advisor 24/7. This will ensure that you do not miss any opportunity as the expert advisor will use all the trading signals. Furthermore, there is no need of restarting your machine during trading session because the expert advisor does not store its internal variables in a file. On the same note, a Forex trader can opt to control the VPS by uploading new EAs to it or monitor and control its trading account with a Forex broker, and this is possible without a 24/7 up time from your PC or connection.
A VPS is usually a dedicated server which will only run traders trading platform and expert advisor, making the performance, processing data and sending orders better and faster. Therefore, you will be assured of getting better quotes.
With a VPS hosting account you can access the VPS anywhere in the world without installing any software, the only requirement is internet connection. Once you have VPS hosting account, your EA will always remain there. Therefore, you can monitor and control your expert advisor.
Assuming that your Forex trader is located in Finland and you trade from united state, you will have slower connection and order execution due to network latency. However, to remove the latency and ensure faster connection and order execution you can install you EA on a VPS that is located in Finland.