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What is forex vps hosting?
Before we explain forex vps hosting, one needs to understand the terminology. VPS, known as virtual private hosting refers to a virtual machine/computer that can be used exclusively by an individual customer who takes the service. Although it is a virtual computer, that makes use of a software installed on your PC or laptop is functionally the same as that of a separate physical computer. Each virtual server can run its own full-fledged operating system and can be independently rebooted and can be run 24/7.
In online forex trading, one of the biggest concerns being that when your laptop or PC goes freezes, hibernates, or crashes can greatly affect the results, especially if you are in the middle of a trade. Consider an example where you have taken a position for EUR/USD and suddenly your internet connection goes bad, and the market started moving against your position and on the top of it you forgot to put STOP LOSS or TAKE PROFIT!! Cases such as these can greatly impact your forex trading as the risks are high.
This is where forex vps hosting comes into play to save the day. Forex VPS hosting allows Forex traders to take advantage of the virtual environment on the hosting company’s servers in order to run the Metatrader expert advisors non-stop 24/7. The forex VPS is always on-line and a powerful machine, unlike your home PC or laptop. Another biggest advantage in using forex VPS hosting is that it is not affected by the power outages and you don’t need to worry about keeping your PC always on. When using forex VPS hosting services in forex trading, you certainly might never have to look at your internet connection. The service is very efficient in offering you with automated service for 24 hours a day without interruption.
Why choose forex VPS hosting
- For starters, forex VPS hosting is not for everyone but only those traders that trade heavily on the forex markets
- Forex vps hosting does not depend on factors such as internet connection or the machine crashing
- Forex VPS hosting servers are powerful machines that does not need to be restarted
- Forex VPS hosting offers traders the flexibility to work from the comfort of your home, and you can access your server from the global platform
- Forex VPS hosting is designed for performing forex related tasks very much efficiently for online customers
- With forex VPS hosting, you can simultaneously run up to 4 different trading platforms at the same time
- All EA files are installed in exactly the correct folders which avoids and costly errors
As more number of individuals turn towards trading forex online, you certainly have more chances that you can easily loose a lot of money in forex. One of the best ways to save this loss is to apply the best forex vps hosting services that help in offering features like EAs and share trading. Forex VPS hosting is the only solution for all forex traders looking for success. Many expert advisors require that you leave your computer running 24/7 for optimal results. Expert Advisors use specific strategies and since it is automated system it can trade at any time or specific times of the day, if your computer is turned off this will not allow the EA to run.
Many EA vendors and developers recommend that you run your expert advisor on a dedicated VPS; in most cases Windows based VPS. There are many VPS hosting providers that offering monthly plans and even the basic packages can cost nearly $40 per month, minimum.
How to set up forex vps hosting
When you sign up for a forex VPS hosting account, the hosting provider gives you the IP address of the virtual server assigned to you. You simply create a link to your VPS on your desktop with the IP address assigned to you. Most forex VPS hosting servers comes pre-installed with the MT4/MT5 trading platforms. As a forex trader, you will only have to install or upload your forex expert advisors on to the VPS system. This is usually done through a FTP or a file manager client.
For forex traders who use a different platform other than MT4, can simply upload and install the trading platform onto their VPS servers. Once you install and execute your expert advisors, forex traders can simply log off the VPS and let the machine do its job. One factor to bear in mind when choosing a forex vps hosting service is that it is necessary to minimise the distance from the VPS to your Forex Broker in order to reduce latency. Latency is the delay in transmission. As an example, if you are trading with signals, there is a perceptible time delay for that signal to arrive at the broker for execution, this is usually in milliseconds. Servers based far away from the forex brokers servers can see the impact of such delays in the bid or ask price that is transmitted and what is eventually achieved.