As important as it might be to keep in touch with your charts and be updated about the latest development in the forex market, it does not go down well with anyone to sit in front of the computer screen at every moment of the day. Imagine that you have the ability to keep your trades going even while you are asleep and your computer is turned off; nothing is lost, everything going as well as it would have if you had sat in front of your screen all day long. With a forex VPS, this is possible.
WHAT IS A FOREX VPS?
VPS is an acronym that stands for Virtual Private Server. A forex VPS is a server that can hold its own copy of an operating system, making it possible to be accessed from any other computer. The logic here is that a VPS hosting gives a forex trader access to the virtual environment on the hosting company’s server to run MetaTrader expert advisers on a non-stop basis. Think of it as a web hosting server that stores all information for a website. This information on this website can be viewed by anyone from any part of the world with internet connection and the web address. So, the VPS hosts a copy of your trading system and makes it accessible from anywhere.
With a forex VPS, you do not need to carry your PC around everywhere you go because you can access your computer remotely. There are quite a number of VPS out there. The best forex VPS performs the basic need of allowing trader remote access to their trading system from anywhere, as well as a few others like
TESTING A SYSTEM:
A VPS can be beneficial for a company that is trying to test a system. To test a system takes about one week or more, in which case the company does not need to bother about excessive electricity usage or running their machines all throughout the duration of the test. The VPS can keep things going even when there is not power supply or when the machines are turned off.
A programmer can check how their code or software is running from different locations without having to carry their laptop around. All the programmer needs to do is gain access to a work station from within the location from where the code or software is to be checked, log on to the VPS and that is it.
In a typical forex trading scenario, a trader can keep his mechanical system running all day long. With the VPS, the trading system will be ready to take trade signals while the markets are open, and in the absence of the trader.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.