A Virtual Private Server can be one of your best friends when it comes to boosting your trading capabilities, for the best approach should be to depend as little as possible on your broker.
Therefore, VPS should be of interest for those looking to have as much control as possible over their trading.
But, what should you look for in a VPS for Forex trading? How does a VPS actually affect trading?
Well, it’s time to read on.
1. Location Of Your Provider
As with any online services provider, the location of your provider in relation to you can affect how effective the service is.
When it comes to Forex, using a VPS helps reduce slippage thanks to the speed offered by the VPS. As such, the closer your VPS, the faster your trade execution.
2. Stability And Maintenance
Using a VPS should lift stress off your shoulders, not add to it.
Make sure to find a VPS that offers the best uptime for the price, so that you can carry out all your trades without needing to worry about your signal dying or the servers crashing.
As said, VPS should end interruptions, not cause them!
Of course, nothing is worth risking your privacy and money, so any VPS should be safe from hackers.
When looking for a VPS for Forex trading, look for those with solid firewalls and security options. No one wants hackers or viruses finding their vital information, even less so when there’s money at risk.
From Virtuozzo to Microsoft’s Hyper-V, there are many programs and interfaces you can use to complement your VPS and improve your experience.
From customisable control panels to removing interference from other services, paying attention to what programs accompany your VPS can give you an easier time.
At the very least, any good VPS should offer users the opportunity to install the software they need to operate at their top capacity.
5. Customer Support
The Forex market is open 24/5, so why would you pick a VPS that doesn’t dedicate more than that to their customers? When uptime is critical, any interruption can risk the investment of traders.
Even the best services can present issues from time to time, and when money is at stake, you better make sure you opted for the best help you could find!
6. Pricing, Of Course
Once you have found the VPS you wanted all your life, you better be able to buy it!
When it comes to purchasing, the cheapest options are usually so for a reason, but note the “usually”.
That is why you need to compare all features, so you can tell if a VPS is worth what you’re going to pay!
7. Separation Capabilities
At last, you’re buying a VPS so that you can separate yourself from the same channels that others use, risking less than your competition.
Still, VPS do share resources to an extent, so you better make sure how much other users are taking away from you before you decide on a VPS.