In this guide, we will cover everything you need to know to start forex trading with a virtual private server (VPS), from how to get up and running, to setting up your perfect VPS trading platform.
What used to be a professional trading setup, is now easily accessible to most retail traders, like you, in 2020.
Trading with a VPS can offer many benefits and can take your trading to the next level. Speed and 24/7 up-time are just a couple of significant advantages.
As with any upgrade, there are often costs associated. Access to a VPS is no different. Some brokers offer free access to a VPS service, and there are pros and cons to this. All of this we will cover in our Ultimate VPS Trading Guide.
Let’s get into it.
What is a VPS?
A VPS is a “Virtual Private Server”
A Virtual Private Server uses virtualisation software to partition physical servers into multiple “virtual” servers. Basically a server, running within a server.
What Does This Mean for Traders?
Essentially, this provides you with a dedicated cloud-based system, that allows you to run your trading platform(s) on a dedicated computer, 24/7, with zero downtime and minimal lag.
A VPS set-up might sound daunting to new users, at first. Still, it’s incredibly straightforward to set up; also, some brokers offer a free VPS for their customers, more on that later.
When you get your VPS, you’ll receive a username and password.
Using these credentials, you log in to a (Windows) computer that is running your chosen trading platform (Metatrader, cTrader, etc.)
If a trading platform is not on the VPS, you can simply download the trading platform of choice to the VPS, install it, as you would on your computer, and off you go.
Zero-latency. 24/7 uptime trading.
Let’s look at the benefits of using a VPS over a typical local installation on your mobile, laptop, or desktop computer.
A VPS Enables Traders the Power To:
- Keep a trading platform running 24/7 without keeping your computer on
- Speeds of 1000mb/s+ are frequent on a VPS
- Quick VPS speeds mean low latency
- Keep trades open and close ou, time trades
- Test ongoing trading strategies
- No more reliance on your home internet connection (avoid dropouts)
- Run automated algorithmic strategies
- Trade with Windows software (even when on an Apple Mac device)
- Run expert advisors 24 hours a day seven days a week
All from a dedicated virtual machine.
The benefits of trading using VPS hosting include minimising the chance of system downtime due to technology and connectivity failures.