Are you a Forex trader and wanted to add some automation to your Forex trading business? And wanted to do the business without having to sit in front of your computer all day long?
Head over to a web hosting company and get a cheap Forex VPS. But before that have a look at below points where we briefly described what a VPS is and then we’ll discuss advantages you will get out of a VPS as a Forex trader.
Our Top Forex VPS Pick
What is a VPS?
A VPS (virtual private server) is a physical computer (server) that is partitioned into many small virtual units so that it has its own resources such as operating system, disc space, memory, and bandwidth.
A physical server, which is housed in a data center, is used for VPS hosting. That physical server is then virtually divided into many VPS (see below image) and then rented out (with a certain amount of disc space, RAM, OS, and data transfer) to many people like you and me.
Even though all VPS are located on one computer (server), they can operate independently of each other. Given your own VPS, you can install an operating system and forex trading software (MetaTrader 4 in this case) of your choice on it, have the power to reboot your VPS, and you have full control it as though it were a standalone computer.
Benefits of Using A VPS for Forex
There are many Advantages to avail forex VPS hosting services for forex traders, some of them are listed below:
- Trade 24/7 without any interruption:
Your VPS will run 24 hours a day 7 days a week, so you are always in the business no matter what time and/or day of the week, you are always in the game. Due to VPS your Forex trading software can run 24/7 without interruptions, independently from your computer and without any efforts from your side.
- It can be automated:
automation is great and you will see it in almost all industries these days, Forex trading is no exception. You are in the business even if you are not in front of you laptop or PC. This is another advantage of having a Forex VPS that is always connected to your broker and doing trading even if you are sleeping! That’s very important if you’re running a form of automated trading, isn’t it?
- Run Multiple Forex expert advisers:
- You have single and/or multiple Forex expert advisers, which you want to test in a stable and secure environment and VPS is the best option at your hand. Multiple Expert Advisers are installed on various VPS and those VPS are responsible for sending orders to the MetaTrader server 100% autonomously – the actual trading requires a 24/7 uptime that is not possible at your home or office pc and it can be easily achieved by a Forex VPS.
- Cut your slippage:
it takes time to reach your order to your broker’s computer due to latency, Even fraction of a second longer is enough for slippage, that mean you place an order at price A which changed to price B during transmission from your pc to your broker. Hosting on a VPS will improve the speed of order executions, since the trading machine will be closer to the destination computer, even while you access the VPS from your location.
- Safe and Secure:
the best hosting companies offer secure and fast servers. The servers are regular checked and maintained by the hosting company to make sure that they are working properly and are in good condition. Most of the companies put antivirus and security application to make your server secure and safe from any vulnerability.
- Trade even if your power goes out:
think of the same scenario where you are in between a trade and power goes off! You need to be online to do trading – now you are offline and you can’t trade. This isn’t the case with a VPS; the VPS is always ON even if your home’s (office’s) power goes off.
- You can trade from almost anywhere:
tough you can take your laptop with you while you travel but if you are still using desktop for trading in that case you can’t trade. there are people who forgot or don’t want to take their geeky thing with them always. It’s very important for a forex trader to be in touch with the market always, not sure when the need arises and you need to sit in front of your PC doing some trading. VPS makes it sure. All you need is a desktop/laptop (anyone’s not necessarily yours) and a net connection and you are online!
List of Best and Cheap Forex VPS Hosting Providers
Getting a cheap forex VPS with top features is hard, especially for forex traders who are general not very knowledgeable in technical stuff. We have listed some of the top VPS hosting providers that are offering cheap forex VPS servers with top notch features, such as great speed, low latency, available in multiple countries and at affordable price.
HostWinds are in hosting business since 2010. They have their servers housed in Dallas and Seattle data centers. The HostWinds VPS hosting package offer different plans, their Budget Linux start from $7.50 per month and Windows VPS server starts from 13.50 per month.
These starter plans are sufficient for the forex VPS, which offer up to 1GB RAM, 25GB storage, and 100mbps transfer speed that is enough for running your trading software.
Should you need more server resources, HostWinds allow you to scale pretty much anything instantly, CPU, Ram, Storage etc.
Their support team is awesome and helps you out anytime you need them.
Although there are benefits of having a forex VPS but note that having a VPS is “nice to have” feature not a “must have” if you opt to have it you would adding a recurring cost to your pocket.
So do your calculations first before availing a VPS service, if its fits in your monthly then only move ahead. There’s no reason to spend any more money than you make since this will become a monthly expense for your forex trading business if you choose to do it.
Hope you like this article, let us know your thoughts, feedback and/or any questions you have regarding forex VPS hosting, we are happy to assist you in any manner.
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