Forex trading with VPS
Waht is VPS ? ( Virtual private server )
VPS is basically another computer running on a hosted server.You interact with it in the same way you would with a normal Windows®-based desktop on your PC or laptop.For example using VNC ( remote desktop aplication ) you can view the desktop, run trading software, change settings, install EA's and access data exactly as you would be permitted to do were you sitting in front of the computer, and using its keyboard and mouse.(source tryVPS.com )
The only, but big difference is, you don't need to keep your computer running at home 24/7, and you don't need to rely on your internet or power connection in order for the VPS to keep running.You can turn off your home computer without missing a trade!
Advantages
- You don't have to leave your computer running 24/7
- You don't have to rely on your internet or power connection
- You can run as many platforms and EA's as you wish
- You can access any trading platform from any computer anywhere in the world
Your only worry is to choose the right VPS company.
Diferencies between Forex VPS companies :
- Price
- Preinstalled software
- Configuration
- Support
Price
Price starts at $15/month for Forex capable trading server.The minimum hardware je should choose is 512MB RAM and 15GB Disk Space , but it is enough for basic MetaTrader 4 installation and using some EA's.
Cheapest server you can buy at tryVPS.com .They offer ForexReady servers from $15.95/month with 512MB RAM.
Another companies offer same server with comparable conditions at $35/month.So tryVPS.com has best offer for cheapest VPS server.
Preinstalled software
Usualy you get only preinstalled version of MetaTrader 4.But this pre-installed version has no sense.The first thing you probably do on your VPS is installing your own MetaTrader version from your broker.
Forex VPS companies usually pre-install only MetaTrader on your VPS.The The only exception is tryVPS.com again.They offer also their own TradingStatus software for free.It's applications that helps you with checking your profit/loss when you are on way.You simply don't have to sit behind your computer all the time.Simple check your actual trades and account balance online through browser.
"With TradingStatus™ You can watch your ongoing trades and actual account balance on-line through the browser of your mobile phone or desktop." source : tryVPS.com
Configuration
Is very important to you.Your VPS company has to set-up your computer to running 24/7.That menas self restarting, automatic strart of your MetaTrader aplication.
tryVPS.com will set up your server perfectly for 24/7.
Support
Almost every VPS company offer on-line chat with support and email support.But when you buy VPS you get your own control panel.So you can reboot your machine on your self.
Source : tryVPS.com
Links :
Flowindi.com
Questions and Answers
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