Add an extra layer to your safe trading and privacy by using VPS

Technology brought a revolution to the Forex market. The development of Metatrader software allowed anyone to be a part of the market. Every day some innovations make it easier to operate and make a profit. In that sense, the trend is clearly going to automation.

Traders don’t want to be glued to the computer all day long to trade, but they do want to trade all day long. Trading robots are making it possible.

To use a trading robot, you just need to configure the robot, stay logged in, and the automated tool will do the rest. Now, it sounds easy, but there are many obstacles to keep running your robot. Not everyone is willing to buy a computer just for trading. Also, your internet connection can be interrupted, or even your computer can fail, leaving you with an open trade that can cost you money. That’s why the use of VPS is so popular among traders today.

What is a VPS?

VPS stands for Virtual Private Server. A VPS is a virtual machine that runs on a large “computer” (a server) connected to the Internet. Therefore to the operators’ servers. The VPS is private because only you will have access to your Virtual machine. So, this is a computer allocated in a server, but the access point is the device of your preference.

Why is it useful?

The most important feature of the VPS is that it runs 24/7. This means that your trading won’t stop when you turn off your computer. Instead, you can trade while you sleep.

Now, you may think that this is only for experienced traders because a newbie will be more inclined to trade manually. But a great option for newbies is to copy a trader, this is an automated option that can be very attractive to beginners, and with the use of a VPS, you’ll be able to do it 24/7.

How to set up your VPS

To set up your VPS, you need to make a contract with your service provider. There are many options, and each one has its upsides and downsides. One important thing is to use a VPS dedicated to Forex trading. Service providers dedicated to Forex Trading have several advantages, like different server locations around the world to reduce transaction time, reducing slippage.

After you set up your VPS on your service provider’s website, you need to configure the access to the VPS from your computer. On windows, you do this through the Remote Desktop Connection Application. Here you enter your VPS data, and in no time, you are using your virtual machine.

As we said, you’ll have a computer inside your computer, and the way of using it is the same. When you enter your VPS, you’ll need to download Metatrader 4 or Metatrader 5. Then log in with your trading account, and that’s it. Finally, you are ready to set up your automatic operations that will run even after you turn off your physical computer.

Bottom line

The VPS allows the trader to remain in the market after he disconnects from it. It’s insurance that can potentially save a lot of money that he could lose otherwise. There are some free options to get a VPS. Google and Amazon offer services that some people use for trading purposes. However, we recommend working with service providers dedicated to Forex trading. This, of course, isn’t free, so to use paid VPS, your trading profits need to cover the costs. That is generally not a problem for traders because you can get inexpensive plans, but if you are a new trader, you may want to make sure that your strategy works and that you are making a profit before putting in more money in your trading.

References: Check out examples of Free Forex VPS here, while other technical information can be found here https://en.wikipedia.org/wiki/Virtual_private_server