What is VPS?
VPS stands for Virtual Private Server, it is a special type of server that is set up on a computer with several other private servers. Essentially one physical computer is split into several virtual computers. With your own VPS you have the flexibility to install your own operating system. You can set it up anyway you choose with whatever programs you want to install. It's like having your own computer existing on virtual space. VPS is mostly referred to when dealing with web hosting and business enterprises. However VPS can be beneficial to forex traders as well.
How is it beneficial to traders?
Having a VPS empowers your trading game in a number of ways, some of which are discussed below.
1) Anywhere/Anytime Trading
With a VPS it doesn't matter where you are operating from, you have the power to trade as long as you have internet access. You are able to login to your VPS, open your trading platform and execute your trading plan. Whether you are on the beach, in a plane or in a hotel, your trading day can be done like you are in office or at home.
2) Trades are secure
Due to the rigorous security checks that companies has to go through before offering VPS service your VPS is protected against all malware and other security threats. You are able to execute your trades without worrying about any security issues.
3) Trade even with power outages
Lets say you're trading and the power goes out. This may affect your trades if you are using your desktop at home. With a VPS power outages won't affect your trades as VPS providers boast a 99.99% uptime guarantee. A VPS provider uses a number of power backup services that allows them to be 'resistant' to power outages. Therefore you don't have to worry about losing out on any trading opps when using a VPS.
A VPS is extremely beneficial to trading but it comes at a cost. It may be expensive to get a high-end VPS however it is a worthwhile investment.
Let us know if you use a VPS and how it benefits you. Stay tuned for our next blog on how maximize your trading using another very effective tool/service.