The Virtual Private Server has made its way into all walks of life. Whether you’re a Fortune 500 company or someone who is just starting their new venture, a VPS is something that can be hugely beneficial to you. All the benefits of a VPS are pretty much common knowledge by now. Companies all across the globe take advantage of the anonymity, privacy, security, and blazing fast speeds, coupled with the hardware and software benefits that a VPS provides. In addition to all these benefits, however, you can always find a VPS provider that offers you the exact package that you need, so even if your budget is on the smaller side, there’s no need to feel left out. However, while all these benefits of a VPS are well known, what is still relatively lesser known is how Forex traders can benefit from working on a VPS server and using it for MT4. If you still haven’t explored the pros and cons of an MT4 VPS, keep reading to find out how this can be of use.
What is MT4?
MT4 or Meta Trader 4 is a trading software that isn’t just used for trading forex but can be used for many applications. If anything related to trading you need to do, MT4 VPS can be the perfect interface for you. You can use this software to trade indices, cryptocurrency, Forex, and other commodities. The most significant benefit of this application is that it can be customized entirely according to your trading preferences. This can make the interface extremely easy to understand and can optimize your trading experience. In addition to this, MT4 VPS can also be used to automate trading. This means that with use, the algorithm (EA’s) can be trained to open trades and even close them on your behalf, based on a set of guidelines that you can input. All in all, MT4 can help make trading a much smoother experience, and can help combat the effects of latency, discussed below.
The effects of latency
Inarguably one of the most significant drawbacks of working on trading on a shared server, latency can be described as the delay that occurs between the time that you trigger a command and the response time of your computer. As soon as you press the button to buy or sell, the command needs to be registered with the trader. However, a delay on your side owing to lousy internet or downtime due to a slow system, the price can quickly shift – and not in the direction you want it to. This makes latency much more than just a technical issue – it’s something that can cause considerable losses in money, but you can combat this with MT4 VPS.
Below we shall discuss some of the advantages of using an MT4 VPS.
If you want to make good profits from trading, you can’t afford to miss even a second. This can mean that you have to continually be online to monitor and rises or drops in price so that you procure stock or make sales. However, issues such as power outages can mean that you can miss out on keeping an eye on stocks around the clock. An MT4 VPS can help you combat that. When you operate an MT4 VPS, you can be online around the clock without keeping your personal computer turned on. If you’re connected to your VPS network, the MT4 will detect you as online, and the Expert Advisor feature will help you make profitable trades around the clock.
MT4 VPS can also help you combat latency issues on your dedicated trading server. As discussed earlier, latency occurs when there is a delay between the time that we trigger the trade and the time that it takes for the command to be processed. If you’re working with a slow computer, this latency can cause you to lose thousands of dollars. With an MT4 VPS, you can be sure that your connection will be blazing fast, and you won’t fall prey to latency errors.
Always be accessible
As long as you are connected to the VPS server, the MT4 can register you as online and, therefore, continue trading on your behalf. Trading can often be a profession that can seem all-consuming, owing to the need to monitor stocks constantly. However, with a VPS connection, you don’t have to be connected to your work computer all the time and can continue trading even when you are out. This can give you much flexibility, as the MT4 VPS can be accessed even on your mobile.
Trading on a shared server can be a huge gamble, as these servers are always open to hackers and are thus prone to theft of property exceptionally often. When you’re trading, any hacking attempts or thefts can result in huge losses of money. An MT4 VPS platform, however, can help you trade as safely as possible. Most VPS platforms come with state of the art security software preinstalled, but if you feel that anything is lacking, you can easily upgrade it so that it is optimized for you.
One of the most significant benefits in general of working on an MT4 VPS is the complete customization that we can undertake. While trading platforms such as MT4 are preinstalled on most good VPS platforms, there can always be extra that we need. With complete access to the root environment, we can easily install any additional industry-specific software we need without asking our service provider.
No unforeseen delays
When working on a shared server, often, the delays aren’t from our end. With no separation of resources, faults on one website on the same server can cause all the others to experience extreme slowness or even crashes. When you’re trading, these sudden crashes can cause immense losses. However, with a Forex VPS, every website on the same server has allocated resources; therefore, faults on one webpage are unlikely to affect you.
While the MT4 is designed to optimize trading, using MT4 on a VPS can help you take your trading experience to new heights. The various benefits discussed above can lead you to deal with any delays in your trading experience and let you make more profits than ever. In addition to this, however, you can find VPS packages for every budget, to start small, if you wish.