As a Forex Trader, VPS might be an unknown thing for you. But if you want to run the trading non-stop, with no fear of power failure, or excessive bills, VPS is best for you.
In this post, I will tell you about the VPS and the advantages of VPS in Forex Trading.
What is VPS?
VPS stands for Virtual Private Server. Many VPS are located on a single computer. But each of them has a separate environment with the division of a dedicated amount of resources.
All of the machines built on a single computer are independent of each other.
In your own VPS, you can install any operating system you wish and install whatever script or program you like.
You get total freedom and control as it is the only server on the machine. A specific amount of RAM, bandwidth, space, etc. is allocated to the server. You can scale the resources up and down quickly.
VPS is a fantastic type of web hosting with all the flexibility, stability, and convenience.
Advantages of VPS in Forex Trading
VPS allows you to trade from anywhere in the World.
Not all brokers provide a mobile-based app or attractive UI that can work on every device. You can’t keep track of Forex if you travel frequently, and the platform is installed on your home desk or office desk.
There, VPS helps a lot.
Do the trading on VPS instead of the local server, and it will be accessible from everywhere with the help of the Internet.
This is the time of automation, and if you are a good trader, you must be using it to your advantage.
In that case, having power 24/7 is essential. Any shortage of power could end up in the money loss.
VPS keeps your program running well, even if you can’t get online. So, in a way, your automation keeps working, and you don’t have to worry if the power goes out.
As you can trade from anywhere, you can trade at any time.
One of the advantages of the VPS in Force Trading is that it allows you to unshackle yourself from the desk.
You can do all the tasks related to the trading even when you are not on your computer.
If you buy the VPS from a quality company, you will get the best security.
At MantraCloud, we work with Sucuri and provide 360 security to all of our servers. We have daily automated backups and high-quality firewalls. Also, we have a team of professionals who monitor the servers and protect them from any web threats. Check our VPS Servers.
Managed VPS is regularly monitored to ensure that they are working correctly. MantraCloud provides 99.9 percent uptime and all the tools to keep your server secure.
Another great advantage of VPS in Forex Trading is the speed of the server. It does not matter if you place your entries manually or there is an automated process, but the VPS can run the tasks much faster than the computer.
There will be less delay and less slippage, which means fewer chances to lose money due to the slippage. However unpredictable, but you will be able to get the much less latency.
Before buying the VPS for Forex Trading, make sure that your broker allows it. Sometimes they have their own rules and regulations for what you can do with the platform.
Now, VPS could be expensive, as it depends on the number of resources you are using.
Research what type of VPS you need and what your requirements are. At MantraCloud, we offer custom plans for the customers. If you have any special requirements, we will create a plan for you.
The VPS is a monthly expense, and you have to pay every month. You can also get the yearly plan with a discount, though.
There are Forex Traders that are using VPS and taking advantage of it. But again, it is not for everyone. VPS is itself an expense. So if you are sure you can take advantage of VPS and surpass the break-even point, get yourself a VPS hosting.
Contact us with any questions.