Forex trading has quickly become one of the most lucrative markets across the globe. As we lean further into a decentralised future, the Foreign Exchange market has become popular amongst international traders.
As a market that was once reserved for large-scale organisations, forex Trading has increased by 300% in just the last 15 years and is now open to just about anyone who hopes to make a profit when trading currencies.
However, as FX trading becomes popular in a volatile online market, how can traders ensure that their exchanges are secure and reliable?
This is where virtual private servers (VPS) come into play. For FX traders and brokers that are regularly interacting with the Foreign Exchange market, investing in a VPS provider could be the difference between a profit and a loss.
Why choose VPS for forex trading?
Forex is constantly evolving. Both traders and brokers are searching for new ways to maximise productivity in a fast-moving market.
Trading on a VPS server does just that. As an isolated environment that runs on a cloud server, VPS hosting provides traders with greater levels of security, scalability and minimises latency.
“In order to maximize their productivity, forex traders need a VPS. No matter where you are, you can consistently perform exchanges without much hassle,” says Priti Mujumdar, marketing manager at MilesWeb. “In comparison with PC usage, a VPS offers maximum security and fewer restrictions.”
Essentially, forex VPS is a cloud version of your computer. This cloud version can be remotely operated from pretty much any device from anywhere in the world. VPS allows traders to run automated trading and execute trades 24/7 with minimal latency, giving you the safety and security needed.
From security to scalability, VPS hosting is the future of forex trading. With this in mind, let’s have a closer look into why it is an essential component for success.
Trade anywhere, at any time
Investing in a VPS server opens up your avenues for forex trading. No matter whether you’re sitting beside your own PC or on a holiday far away from home, you can log into a VPS server from anywhere.
Not only does this give you the power to trade anywhere at any time, but also provides you with more control over the market.
Better still, VPS servers support automated trading too. If you invest in a secure forex VPS, your bots can execute trades during the middle of the night, when your computer is turned off and even when the power goes out. Automating your trading in a secure and reliable system opens you up to more opportunities for profitable exchange and means that you are not confined to a certain pace.
Increased defence against cyber attacks
Did you know that more than 800,000 people experience a cyber attack every year?
If you’re concerned about the security of your trading efforts, a VPS provides a secure and reliable system for the safe transfer of currency. In fact, most VPS servers are also equipped with built-in firewalls, antivirus software and up-to-date security frameworks that aim to mitigate any potential threats.
Say goodbye to slippage
Trade execution delays could be the difference between a profit and a loss. Without a secure VPS network, the distance between your PC and the broker's server could cause unnecessary transaction delays, which in turn affect your trading profits.
Investing in a forex VPS server could reduce slippage time and ensure that your trades are executed promptly. With a current network latency of fewer than 5 milliseconds for connections to over 82% of brokerage servers, MetaTrader’s VPS feature offers traders the ability to execute trades with minimal delay.
As automated trading grows in popularity, MetaTrader’s 99.99% uptime guarantee also ensures that all trades, no matter where or when they are executed, reach their destination at optimum speed, regardless of a lack of internet connection or a potential power cut.
How to get started
Before you invest in a forex VPS, there are a few things to consider when choosing the perfect server for you.
You should make sure that your forex broker offers a VPS service, as some charge a monthly fee for this service.
After implementing a major service update based on valuable feedback from loyal brokers and traders, the popular forex VPS platform MetaTrader is offering free access to their traders under predefined terms and conditions.
"Free specialized hosting for automated trading is a valuable asset and a significant advantage over competitors,” comments Renat Fatkhullin, CEO of MetaQuotes. “In a highly saturated and aggressive market, any compelling argument can tip the scales. We believe that the updated service will assist brokers in improving their business performance."
The forex trading landscape may be evolving, but those who step into a VPS-powered future will find themselves ahead of the market curve. From reliability to security, VPS hosting is essential for any trader hoping to see success.
All views and opinions expressed in this article are the opinions of the author and not FXStreet. Trading cryptocurrencies or related products involves risk. This is not an endorsement to invest in or trade any of the cryptocurrencies, stocks or companies mentioned in this article.
Editors’ Picks
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GBP/USD slides toward 1.3300 after softer-than-expected UK inflation data
GBP/USD has come under intense selling pressure, eyeing 1.3300 in the European session on Wednesday. The UK annual headline and core CPI rose by 3.2% each, missing estimates of 3.5% and 3.4%, respectively, reaffirming dovish BoE expectations and smashing the Pound Sterling across the board.
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The Japanese Yen extends its steady intraday descent against the recovering US Dollar, pushing the USD/JPY pair back above the 155.00 psychological mark during the Asian session. Any further JPY depreciation still seems elusive in the wake of the growing acceptance that the Bank of Japan will raise interest rates at the end of a two-day policy meeting on Friday.
Editors’ Picks
GBP/USD slides toward 1.3300 after softer-than-expected UK inflation data
GBP/USD has come under intense selling pressure, eyeing 1.3300 in the European session on Wednesday. The UK annual headline and core CPI rose by 3.2% each, missing estimates of 3.5% and 3.4%, respectively, reaffirming dovish BoE expectations and smashing the Pound Sterling across the board.
EUR/USD: Sellers attack 1.1700 as USD stages a solid comeback
EUR/USD attacks 1.1700 amid heavy selling interest in the European trading hours on Wednesday. A solid comeback staged by the US Dollar weighs heavily on the pair, as traders look to USD short covering ahead of US CPI on Thursday. However, the downside could be capped by hawkish ECB expectations.
Gold: Bulls await breakout through multi-day-old range amid Fed rate cut bets
Gold attracts fresh buyers during the Asian session on Wednesday, though it remains confined in a multi-day-old trading range amid mixed fundamental cues. The global risk sentiment remains on the defensive amid economic woes and fears of the AI bubble burst. Moreover, dovish US Federal Reserve expectations lend support to the non-yielding yellow metal, though a modest US Dollar uptick might cap any further appreciating move.
Bitcoin, Ethereum and Ripple extend correction as bearish momentum builds
Bitcoin, Ethereum, and Ripple remain under pressure as the broader market continues its corrective phase into midweek. The weak price action of these top three cryptocurrencies by market capitalization suggests a deeper correction, as momentum indicators are beginning to tilt bearish.
Ukraine-Russia in the spotlight once again
Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US Employment data later on day and end our report with an update in regards to the tensions brewing in Venezuela.
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