For those in the ForEx trading game, do you know how your computer and virtual private server (VPS) host play into your success? If it’s a basic shared host instead of VPS that’s in your trading mix, you might be in trouble. The equation looks like “basic shared” x internet = ForEx broker. It’s great when it works, but what if you remove something from the equation—like the basic shared host? Your trading can be prevented by system errors, hardware problems, internet disconnections, and power outages. Worse, you can never see it coming. Basic shared hosts are also the easiest for hackers to take down, and they particularly target spaces dealing with financials.
Simply put, if you want to trade around the clock then you need a computer that works around the clock. That computer needs to also be connected to the internet non-stop, and you can only get that with VPS or a dedicated host. Unfortunately, dedicated hosting can cost several thousands of dollars per month, and is earmarked for only the wealthiest of website owners. However, VPS is nearly the same.
With VPS in the mix, the equation becomes circular and not linear. Data is constantly incoming/outgoing as are orders. VPS is the ideal solution for ForEx trading, with many hosts guaranteeing well over 99 percent uptime. Downtime is a necessity to be scheduled by every single type of host, so steer clear of any host that promises 100 percent uptime. However, the VPS down time is short, the maintenance is planned, and you’ll get plenty of advanced notice.
A computer that’s running trading software for brokers and which relies on VPS hosting can be controlled by the trader from anywhere in the world. As a trader, perfect execution is achieved with automated trading approaches, which are easily accessible with VPS hosting. The internet is simply a medium to connect, whether VPS is present or not. However, the internet connection is more stable with VPS than with basic shared plans.
Keep More Money
A trader that utilizes VPS hosting can offer better services than one who runs a basic shared option. However, this rule of thumb goes for anyone who owns or uses a website. For example, do you know if your credit union has VPS or basic shared plans? What about your doctor’s office? Your financial data, personal data, health records, and more are stored in systems and on websites around the world. Do you know how secure these systems are?
Checking to see if a company you’re trusting with your data has VPS/dedicated or basic shared plans can give you insight into their security and how seriously they take your privacy. Do you want to hand over your credit card information, to be stored in an online system, to a florist who uses a basic shared plan? What about one without updated firewalls or who doesn’t regularly change their passwords? Don’t be shy about asking—a good website owner will be happy to share how they’re keeping you safe.