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Say you want to check your trades, even if your computer is turned off. How are you going to do that?
Well, easy peasy!
Thanks to good ol’ VPS, you can run your systems without interruption.
This guide will talk about forex VPS, how to use VPS for forex trading, and how to make the most of the forex VPS.
There’s a lot to cover, so buckle up. This will be a fun ride!
Introduction: What is a VPS?
First, let’s talk about the main thing here. A Virtual Private Server allows you to access your computer anywhere.
It has an operating system that stores all the info. You can apply trading strategies without a hiccup!
You simply set your PC with the forex VPS and the trading platform of your choice, and voila! It keeps you connected all the time.
So, whenever there is a power shortage or any other interruption, it acts like an Aladdin’s Lamp.
How can I make sure that my VPS works?
Let’s talk about some facts here. So, how can you ensure that your VPS works every time?
There are three ways you can do it:
1. Backtest it
Backtesting is the name of the game. Backtesting VPS means you are running it on historical data. It is a perfect fit if it performs well in this department.
To backtest, you need to set up a VPS with a platform like MT4. The platform will automatically do the process, saving you tons of time.
2. Test its uptime
Slippages are part of forex trading. With the help of VPS, you can reduce it. However, some VPS lag in this area and do not give you the necessary latency.
So, what should you do?
Simple, choose a provider with 99% uptime.
Most providers like Cloudzy.com have an uptime of 99.95%. It means your orders will be executed at the same price as you requested (more on that later).
3. Power disruptions
Power disruptions are a lousy thing for a trader. It means missed opportunities. Thankfully, VPS can solve this problem. But you need to test if your VPS performs well in power shortages. If it continues performing without interruption, it’s good to go.
Best VPS for forex trading – A guide to choosing the right one
Now that you know what VPS is, the question that most of you have in mind is how can you choose it?
Well, it’s not like solving algebraic expressions. So, let’s break it down!
Oh them prices
There are plenty of options, and one of the first things you need to consider is price. Of course, you don’t want to spend big bucks on a shitty provider.
Hardware matters
Other than the cost, the whole system matters too. The VPS should match the system requirements. If you are continually trading, you need to have suitable hardware.
Options you have
Did you know there are two types of forex VPS?
Let’s break down these two types:
- A self-managed VPS is less costly, and you must set the whole thing yourself. You need to configure it for security. So, if you know how the whole thing works, a self-managed VPS is the way to go.
- On the flip side, the provider manages everything for you on a managed VPS. The service provider does all the hard work, from security configuration to set up.
With all these things in mind, you can choose a provider without pulling your hair.
When talking about providers, let’s talk about what we like to use; the good ol’ Cloudzy.
Cloudzy provides you with ultra-fast execution while keeping the cost low. The minimum plan starts at $7.95 per month (how cool is that?).
The company has a management system around the globe for low-latency connections. So, you can enjoy forex trading without any pauses.
Cloudzy provides faster servers with 100 percent SSD storage for fast performance and response time.
Other advantages of Cloudzy include full management servers that you can connect with any trading platform.
And did I mention that Cloudzy offers 24/7 technical support? The support staff is ready to assist if you face difficulties or want to know about their services.
Tips for using the forex VPS
When people first learn about the VPS, they ask a question:
“How can you get the most out of your forex VPS”?
That’s a question that I was looking for when I started with the VPS.
Here, let me break down how you can make your trading experience better with a VPS:
Reduce slippages
Commonly, you face slippage when you trade.
They are common in forex when your order is executed at a different price than you requested. Even though it’s a difference of a few pips, it can cost you.
By using a VPS, you can reduce slippage. With its low latency and ultra-fast execution, you can reduce the time, and your orders will be executed at the rate you requested.
Secure trading
Secure trading is hassle-free trading. When you use a forex VPS, you trade in a secure environment. VPS providers like Cloudzy have measures to smooth the process and even provide backups.
Trading on the go
The good thing about VPS is that it allows you to trade from anywhere. Usually, what happens is you have to remain glued to the screen. It is especially true if you are a scalper.
Using a VPS, you can look at trades from any device anywhere.
FAQs
Do you need a forex VPS?
Suppose you want uninterrupted trading, then yeah. You can always stay online and reduce slippage while having a secure trading environment.
What is the best provider?
There are plenty of choices in providers. However, the one that stands out to us is Cloudzy because of its uptime and secure trading conditions.
How can you set up a VPS?
You can set it through Windows and MAC OS. Then you need to connect the VPS to a trading platform like MT4.
Photo by Tech Daily on Unsplash