What is a VPS?
A VPS, also known as a Virtual Private Server, is a computer that is hosted for you remotely, and you can access it anytime from almost anywhere, from almost any internet enabled device. Usually with Forex trading we use a Windows based VPS.
When you connect to it, it's like using it as your own computer. But it will run even if you have no internet or lose power. Allowing you to run your trading software around the clock.
It also works for MAC users as well.
Why use a VPS?
A computer at home has certain risks. You can have a power outage or internet connection interruption. And when this occurs your trading software can disconnect or turn off causing you to miss trades or miss proper management of open trades.
You also use your computer for everyday use, which can slow it down and slow down your software as a result. To avoid these issues many traders use a VPS. A reliable VPS host will offer 99.9% up-time and have built in redundancies just in case something goes wrong.
Since it's dedicated to ONLY trading, you know it's going to be efficient and fast. This also helps you possibly make more money because the connection to the broker is faster and more reliable, which is imperative for certain trading strategies.
Finally, having the ability to connect to the VPS from almost anywhere and any device, gives you the ability to make adjustments and check on your trading account on the go - quickly and efficiently.
Is a VPS Expensive?
The pricing for a VPS varies based on speed, memory, and location. You can spend as little as $10 per month or $200 per month.
Fortunately, for trading you won't need to spend that much. Typically, a $20 to $40 per month VPS package is more than adequate to manage your trading systems and broker platforms.
The only time you really need to spend more is if you are running dozens and dozens of trading systems on multiple broker platforms.
Do I Need A VPS?
No, you do not have to use a VPS to trade automated systems. You can simply run any system from your home computer, but must keep it on 24 / 7. But as mentioned in the answers above, there are many beneficial reasons to use a VPS.
Another reason you might not need a VPS is if you are using a manual trading system where you manually operate the trades from your own computer, and manage them.
Are all VPS the same?
Not all VPS are the same. There are different locations, different security levels, different levels of reliability, different response times for support, and so much more. There are many VPS you can choose from.
Fortunately, over the years we've worked with a quite a few and can save you time and headache figuring it out yourself, by using our recommended in the next section below.
What VPS do we recommend?
All our VPS recommendations are below and why we picked them. We will describe why we chose them and a link for you to check them out. Make sure you choose Windows (prefer 2012) for the operating system of whichever VPS you sign up for. And 2GB ram minimum is ideal, but not mandatory. We prefer LONDON, UK Data Center location. But optionally NYC is good too.
This VPS, Commercial Network Services, is incredibly fast, reliable, and our top choice. If you are using a trading system such as a scalper that requires reliability and speed this is your choice.
Usually we recommend UK Data Center option for country location of server, Windows 2012, and 2GB Ram minimum, for this VPS host. We use this host ourselves.
InterServer is a great low budget VPS host provider. They offer reliable VPS. We don't recommend using them for scalping systems that require a location near the broker.
Otherwise they are excellent, and offer reliable Windows VPS that are more affordable than other services.
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