In this article you will learn about cheap VPS forex and how it is used in forex trading. This guide is very beneficial especially if you are thinking to start forex trading.
What is VPS?
A VPS is called a “Virtual Private Server”. Located on the same device as other virtual private servers, the VPS can still operate independently. In recent years virtualization has played a role in all aspects of the economy, and this is particularly true for Forex trading which had become much more secure thanks to VPS.
A VPS works in the same way as a Cloud or a Virtual Box allowing it to run a multitude of trading systems on a single machine. It is a virtual environment that is hosted on a server that is completely independent of the computer and the user. The server is secure, reliable, and powerful, able to devote it into deploying Expert Advisors to operate it uninterrupted.
Read more about: Tips to use VPS for MT4
What to do with a VPS?
What is a VPS for? What to do with a dedicated server? Having a VPS allows the user to install the chosen operating system on the server, and thus perform the desired tasks in a completely private and secure manner.
VPSs are rented by companies that provide the user with an amount of RAM, disk space, and data transfer each month. Most VPSs have permanent power and can therefore run applications when the user’s computer is off.
How to choose a VPS?
There are many cheap forex VPS server providers in the market, and you can find some on the certified forex platforms. So there is no need to spend several hours looking for a reliable VPS. Note that the MetaQuotes platform has integrated this service directly into the trading platform (MT4 and MT5)! So everyone can use VPS MT4 / MT5 system named: Virtual Hosting.
While choosing a VPS first consider the following requirements:
First think about the number of projects you will be running on. If you will be running multiple applications they you should consider buying a VPS with at least 4GB RAM. But if your applications need more memory you should buy bigger RAM.
When purchasing a VPS you must check the CPU they are offering. If you perform multi tasking architecture of 14nm is required with multi cores to run your system smoothly.
If you are purchasing a VPS with HDD then it will not be very expensive but it is recommended to purchase a VPS with a SSD for better performance. SSD are faster as compare to HDD because they provide you better booting speed and file transfer speed is relatively higher.
How much does a VPS cost?
If you choose an entry-level VPS, the monthly subscription will be very inexpensive. In terms of price, the cost of renting a VPS will depend on the platform chosen. As with a classic server or a computer, the more powerful the machine, the more expensive it will be. Today subscriptions range from $4.99 a month and large packages around $80 and more a month.
Read more about: Why You Should Run MetaTrader VPS (MT4) on Forex VPS
How does a cheap VPS forex work for trading?
When your cheap VPS forex service is up and running, you get an IP address as well as a username and password to access the service. If your computer is equipped with Windows, the “Remote Desktop Connection” program will allow you to access your VPS via the start menu. No further installation is necessary.
When the program is ready, enter your username and password provided during your VPS registration to establish the connection. You will be able to see your “virtual office” and download the MT4 platform.
Why should you use a VPS for forex trading?
In short, using a VPS allows you to use your favorite trading platform anywhere and on any computer connected to the internet. While many traders use VPS for automatic trading to make their robots work, the use of a VPS is also for manual trading.
- Continuous trading with a VPS
A VPS operates continuously, 24 hours a day, 7 days a week. It is insensitive to power cuts as well as to internet service provider failures that may occur in your home. The VPS software has been designed in such a way that connection issues such as power cuts, technical difficulties, and virus-related security issues are resolved instantly.
These very common issues are a disadvantage for traders as they are likely to interrupt them. Thus trading carried out thanks to a virtual machine which provides an additional guarantee for their success.
- Very good level of trade execution
A good cheap VPS forex is able to offer an optimal level of trade execution. Indeed, it is equipped with a RAM allowing the execution of complex trading strategies and heavy in technical indicators which would not be possible with a normal computer.
- Trade freely with a cheap VPS forex
A VPS is fully customizable. You can install the operating system of your choice and then add the desired features. A quantity of RAM, disk space as well as a data transfer volume will be allocated to you according to your needs. A trader does not always have the option of having his personal computer close at hand. But with a VPS, he can connect on any device using his credentials.
Read more about: Trending Free Forex VPS Providers For Newbies
Benefits of a VPS for forex trading
i) A VPS operates continuously, 24/7
ii) A VPS has 99.9% operational connection time
iii) A VPS offers an optimal connection speed
iv) A VPS is constantly monitored to ensure its availability. Thus the VPS is immune to connection cuts and system errors.
v) A VPS allows orders to be executed quickly
vi) A VPS is accessible anywhere
vii) A VPS allows you to choose any geographic location.