A VPS is a server that has been hosted on several other servers on one computer, but each of the virtual servers operates independently.
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The difference with you running a physical server in your office is that for a VPS you do not have to install the cooling systems needed for a server or hire someone to manage the server and keep it up to speed. You get the benefit of transferring that burden to someone else at a small monthly cost while you run the server remotely as you wish.
As a forex trader, you have the conventional way of trading from your personal computer which has to be connected to the Meta Trader server directly.
On the other hand, the VPS provides you with an opportunity to install all your Expert Advisors in the cloud, and you can then be trading directly from your VPS without necessarily having to use your personal computer.
By uploading your Expert Advisors to the VPS, your mode of trading changes tremendously, and you unlock your opportunities in forex trading exponentially. To begin with, you should read more on forex VPS setup at Avatrade site to get you up to speed on the basics as well as the technicalities of the virtual servers for forex traders.
After learning about the VPS, you might still be wondering why you need to pay for that service while you can still be trading from your personal computer.
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The advantages of VPS are numerous based on its efficiency and effectiveness in online trading. First, by having your Expert Advisors in the VPS that is already connected to your Meta Trader server on a 24 hours basis; your trading time per day shoots from the limited hours you used to spend in front of your system trading to a 24 hours trading cycle every day.
Having configured the algorithms for your Expert Advisors to suit your preferred trading patterns and identify the right entry and exit points for each transaction; you can now upload them to the VPS and let them make money for you all day and night while you rest easy.
The second advantage of using VPS is that it allows you the freedom to trade from any place at any given the time of day. Your Expert Advisors in the VPS will be looking for and executing trades based on how you configured your algorithms.
However, from time to time you might want to come and check in to the system to observe your trades live and maybe alter the algorithms in your Expert Advisors. If you are tied to your personal computer, you will need to be physically present either at your home or in the office where your personal computer is, to get into the trading system.
However, with VPS, all you need is internet connectivity and a gadget to use to access the internet which can be your phone or even a different laptop and not necessarily your personal computer. As long as you have access to your login details, a VPS gives you full access to your trading platform from any location and enhances your mobility since you can trade on the move.
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The speed in which trades are executed when you are using VPS is another benefit that you might want to take advantage of.
When placing your forex trades, your personal computer might be slow in execution, and hence the delay in the transaction might result in a missed opportunity which translates directly to a financial loss on your end.
By using a VPS, your Expert Advisors are directly connected to the MetaTrader server, and when the right opportunities arise, the transaction execution speed is very high since it is automated with no human interference and without any interference from the slowness in your computer.
Even when you turn your computer off, for a trader operating from a VPS, you will still be getting actual transactions executed in real time.
The above benefits may not be appealing to all forex traders if you are comfortable with your current earnings. However, for those with a growth mindset and those who might have limited time to keep logging in to execute their trades via their personal computers, VPS will be the best option to help you smoothen your trading and increase your returns exponentially.