A VPS, or Virtual Private Server, is essentially a remote computer that you can access anytime from anywhere via the internet. Many professional traders opt for VPS services to place all their trades due to the reliability and speed they offer. By using a VPS, traders can ensure that their trades are executed promptly, without any delays caused by technical glitches.
Benefits of Using a VPS
Reduced Latency: Latency refers to the time it takes for your trade order to reach the broker's server for execution. High latency can lead to slippage, which is the difference between the expected price of a trade and the price at which the trade is actually executed. A VPS can dramatically reduce latency because VPS servers are high powered computers with ultra fast connection speeds, compared to home or public Wi-Fi networks.
Uninterrupted Trading: Using a VPS ensures that your trading platform runs smoothly and is not affected by power outages, internet interruptions, or other technical issues that can occur on your personal computer or phone. Using a VPS allows your trading platform to run 24/7, ensuring that your trading strategies, including stop-loss and take-profit orders, are active at all times.
Enhanced Speed: VPS providers offer fast and stable internet connections, leading to quicker trade executions. This speed can be critical in Forex trading, where split-second decisions can make a significant difference.
Accessibility: With a VPS, you can access your trading platform from anywhere in the world, on any device, as long as you have an internet connection. This flexibility ensures that you can monitor your trades and adjust your strategies as needed, without being tied to a specific physical location.
Static IP Address: If you choose to utilize a VPS, be sure to choose one with a static IP address. Having a static IP address reduces the chances of your account being flagged for using multiple (or dynamic) IP's. Using a static IP in an approved country also prevents traders from being flagged for logging in from a prohibited country. (As an example, public Wi-Fi networks could be running their network on a network in another country that may lead to your account being flagged)
In conclusion, incorporating a VPS into your trading setup can provide you with enhanced performance, reliability, security, and speed. By utilizing a VPS with a static IP address in an approved country, traders can minimize potential issues related to IP restrictions.