VPS, which stand for visual private server, is a dedicated server designed to give a trader the advantage of trading with forex expert advisor on a Meta trader platform. With it, a trader gets to trade round the clock, 24/7 trading experience even when the system is off. This gives the use the advantage of functional trade activities when there are technical problems, internet connection breach, or power failure.
MAJOR ADVANTAGES OF FOREX VPS
Forex VPS is basically of great beneficial tool in automatic forex trading as it provides reliability and strength in lunching an automated forex trading applications.
- ROUND THE CLOCK TRADING:
Forex VPS gives traders a round the clock 24/7 uninterrupted trading experience usually despite power or connection failure, which is imperative in maximizing gain as it minimizes delays in trading.
Using FOREX VPS offers the leverage to uses multiple expert advisors and also other Meta trader platforms on the same account.
- MAXIMUM SECURITY:
FOREX VPS offers maximum security and also maximum protection from hackers and other online invaders.
- TRADING FROM ANYWHERE:
While using a VPS a trader can trade from anywhere through connecting to the internet. This gives one the leverage to work with flexibility to a really great extent.
HOW DOES A FOREX VPS WORKS
Forex VPS basically works by making a connection between an expert advisor usually multiple expert advisor, Meta trader, and the trades computer to the internet, thereby eliminating the need for constant supervision by the power or internet connection failure, the VPS just carry out a round the clock sending of order to the Meta Trader independently, in contrast to when a trader conventionally install an expert advisor and tries to maintain a constant connection.
HOW TO INSTALL A FOREX VPS
Installing a forex VPS the basic requirements are:
The main trading machine ( laptop or a desktop computer)
A remote device ( laptop, table or a smart phone)
Dynamic DNS account
Access to the traders home/work route.
THE STEPS IN INSTALLING A FOREX VPS
STEP 1: MAKE A SIGN UP FOR A DYNAMIC DNS ACCOUNT OF YOUR CHOICE
A dynamic DNS account is a software tool that helps create and make use of an easy to remember IP address, one of the advantages of this is that you won't need to memorize a bunch of numbers.
STEP 2: CONFIGURE A ROUTE
One need to then configure a route to give remote access from his mobile device to his/her main trading machine
STEP 3: ACTIVATE THE REMOTE DESKTOP CONNECTION:
This has to do with the operating system with which the trader is trading with. There is a different pattern of connection for different OS; traders need to find that out and make their connections accordingly.
STEP 4: MAKE AN INSTALLATION OF THE NECESSARY PROGRAMS ON THE REMOTE DEVICE
Installing this program will help a trader to have a quick access to the system. It can save so much time and can save work done from the last time so the trader does not have to start all over from the beginning.
Meta trader tools are fantastic in trading but are not flawless; therefore caution is to be applied while using them to minimize the psychological effect of massive lost in trading.
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.