VPS For Forex Traders and Online Professionals
Forex trading is an internet intensive business. A VPS (Virtual Private Server) is a computer in a remote data center that traders access from their home or work PC. The advantages of using a VPS or fully dedicated remote server are many:
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· Automated trading systems are run from the server. In the case of any internet outage, trading will not be impacted.
· Key files such as Expert Advisors, strategy test reports, strategy parameters, and other important files can be stored on the server for remote access.
· Teams of traders can collaborate on strategies or trade from one consolidated location using software such as Radmin. Instead of emailing strategy updates to a group, all participants can modify files and work from one consolidated location.
· Run server software such as Microsoft Project Server, Microsoft Exchange, and other Office Server technologies without the headache of having to setup your own server.
· Access your trading server while travelling. Have the full power of a server with the mobility of a laptop, using Windows Remote Desktop Connection or Radmin.
· Use the server to backup files.
· Run an FTP server for corporate files or trading strategies.
These facilities are usually in hardened facilities with multiple redundant power and network backups. When leasing a dedicated or virtual dedicated server, you are piggybacking on their investment in infrastructure. Anyone could build their own hardened facility in their backyard, but don't think it can be done for less than $250,000. Just the purchasing of a power generator can run from $2,500 to $10,000 and more, and still would only offer a small amount of power extension time comparing with those purchased by server facilities.
Forex trading is not the only use of such facilities. In fact any online business can utilize VPS technologies. For example, a VPS could be used to make regular backups of strategic corporate files. Physical backup systems can be expensive and human error can result in the incorrect backup of critical data.
Running any online business, including working professionals, need a suite of robust internet related services. A virtual office is your online office where you can access your business from wherever you are.
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