In order to become a successful trader in these tough market conditions, you must be fully aware of the tiny bits that are affecting your overall trade. First you must understand the features and purpose of a VPS to then later go on to use it.
VPS for Forex Trading
The main role VPS hosting (Virtual Private Server Hosting) plays in the trading world is to encourage trading at all times at a lower cost. The entire pattern of VPS for forex trading can be very complex to fully understand and gain a good grasp of, however, the core concept behind virtual servers is that a single physical resource that is running at another remote location is divided into several smaller “virtual servers”.
Now that all of the data is being transported from the physical host to the virtual servers in an instant, the work flow is not disrupted due to power outage or any hardware failures. As a trader you would want a computer that operates 24 hours a day connected to the internet at all times, thus VPS is the only solution to these physical problems since all of the work is being virtualized.
VPS would give the best uptime to all the clients that are using it meaning there would be no unnecessary breaks in your trading schedule. All of the VPS can be controlled through your PC or Smartphone giving you access at all times. There are certain TIPS AND TRICKS one must know of to trade reliably without any hassle while also minimizing the risk factor.
Latency issues when trading
Latency refers to the time difference between when a client triggers an action and a response is generated by the server. This time is considered the most crucial as it can be the only difference between a successful and unsuccessful trade. A single delay of a few seconds can cost a heavy amount of money in the long term making your trades unreliable and not reaching their full potential.
The prices in the Forex market are shifting every second thus in order to cope with the constant shifts and make profits out of it, you need to make pinpoint placements to secure your place. Slippage, re-quote, and off-quote are the issues that come along with the looming threat of latency.
Combined with the unpredictability and volatile nature of the market, slippage becomes a key issue and needs to be seriously considered while searching for the solutions to your trading problems. Re-quote means that your broker is forced to place the orders at a different pip level than you wanted due to high latency thus some heavy fluctuation might cause you to lose money in an instant without you even knowing much about it. Similarly off-quotes means that the trade that you want to execute may not even be accepted due to the constantly fluctuating price which is only due to the delay in the client triggers and server response time.
Why use VPS?
Many people who are unaware of the term VPS and its advantages might just go for traditional trading without considering using a VPS for forex trading might not notice the small number of pips lost in a single trade though if you accumulate the total number of pips lost per year, it can give you some shocking numbers. MT4 is one of the popular software’s that most of the traders use these days, but a question arises that WHY SHOULD YOU RUN MT4 ON VPS? Following are some of the reasons that might change your mind on using traditional methods of trading:
When using VPS the traders that have been automated will continue regardless of any other software or hardware related issues. Consistent monitoring will not be required for it.
VPS for forex trading allows you to access your virtual platform at all times from anywhere making it very portable and handy.
Rapid trade is possible while using VPS for forex trading as it allows you to make instant decisions and generate instant responses from the server reducing the delays due to latency issues.
The best VPS for you
As a trader when you’re searching for the best VPS that serves your purpose you would notice that there are many cheap VPS for forex trading out there even though it is pretty clear that cheap is not always equally good quality-wise. You don’t need to look for very expensive ones and always aim for high stars with the best services, try to find that one that is best for you.
All the VPS ideally provide around 30GB of storage with a minimum of 50GB of data transfer which is more than enough to fulfill your trading needs. Here are the TOP 5 VPS you can go for when finding VPS for forex:
i) AccuWeb Hosting
iv) Next Point Host
v) One VPS
Major Services provided by VPS
For a performance that would exceed your expectations, here are some of the services that almost every VPS would provide to you:
i) Daily and Weekly Backups
Free daily and weekly backups of your data to keep it safe.
ii) 24/7 Priority Support
You will be provided technical support whenever you need it
iii) 100% satisfaction and Money Back Guarantee
You will be provided with money-back guarantee if you don’t feel satisfied with the service.
Looking at the fast pace of the market, it is quite clear that use of VPS needs to be made more common in the trading world. For you to make instant trading decisions, try VPS and fix all of your issues. In a nutshell, the use of VPS allows you to make faster, reliable and secure trades leading to greater profits.