Introduction
With over $6.6 trillion daily turnover, the Forex market is undoubtedly the largest financial market globally. It has, therefore, attracted all types of traders, both professionals and amateurs. The COVID-19 pandemic has increased the need for earning extra passive income, and Forex trading has offered the ideal opportunity for both new and experienced traders. This has been especially true for India, the second-most populated country.
Although the Forex market is open 24/7, retail traders can only access the market 24 hours a day for five days a week (during the weekdays only). Typically, the Forex market opens from 9.00 PM GMT on Sunday and when it closes at 8.00 PM GMT on Friday. In India, this is from 2.30 AM on Monday to 1.30 AM on Saturday.
That means that anyone can have a 24 hours Forex trading account in India. But this will require constant monitoring of the market since several variables impact the volatility. Naturally, monitoring your Forex positions throughout the day is impossible and exhausting. This is where a virtual private server (VPS) comes in.
What is a VPS?
Typically, a standard Forex trader trades via electronic devices such as computers, tablets and phones. Some of the well-known platforms where these operations are performed are MT4, MT5, Ninjatrader, cTrader, etc. When trading, you must open these programs on their computers and connect to the servers of the Forex broker. This means that although you can connect to your broker at any time, you must have a VPS to ensure 24 hours Forex trading account in India.
Some traders prefer trading manually, based on their instincts, or market technical and fundamental analyses. Others use Forex robots called EA (Expert Advisor) that generate automatic signals and even enable them to open and close transactions based on the trading signals generated by these robots. The important thing in both cases is that your computer or device is on and running, while your internet connection needs to be stable.
Now, in the unfortunate event that you have an unstable internet connection or your computer somehow crashes, you won’t make any trades. This can be very frustrating and may lead to losses if your open trades do not have stop loss and take profit targets.
That’s where VPS works. Imagine a computer that is constantly connected to the Internet and operates 24/7 with a powerful infrastructure. The VPS ensures that your account is online 24/7, even when your mobile devices are offline. With a VPS, you get a 24 hours Forex trading account in India directly linked to an electronic communication network (ECN).
In short, when comparing VPS to a normal computer, we can say that VPS servers are much more stable and stable and with a more powerful device. We can mention that the problems that may occur thanks to its hardware power and an internet connection can be eliminated faster. VPS does not freeze or slow down; these glitches usually occur when using a normal computer.
The country in which the server is located is important. You can connect to it at any time from the computer in your home computer. When the connection is established, you can act as if you were trading on your computer while working on your monitor.
The virtual server will be especially useful for traders who use EAs (Forex robots). Automated trading requires the trading platform to operate continuously and consistently without disconnections, restarts, and shutdowns. These are traders who prefer Forex scalping with automated robots. These are high-frequency traders that aim to take advantage of short-term market volatility. However, small scale retail Forex traders can also use VPS to manage the risks.
Why Use Forex VPS?
To attain maximum profitability, most Forex traders turn to expert advisors (EAs) or trading robots. This means that the EA will run throughout in your 24 hours Forex trading account. Expert advisors ensure Forex traders can profit from every opportunity available whenever the opportunity arises. However, the use of expert advisors is quite complex. There’s a wide variety of EAs, both free and paid, but no matter which one you use, it will require a good internet and electricity connection, and it can run smoothly 24 hours in five or seven days a week. Complex, isn’t it? This is why Virtual Private Server (VPS) services are much sought after. Here are the primary advantages of using a VPS to run a 24 hours Forex trading account in India.
- If there is an outage on the Internet or power supply, the virtual server will continue to run uninterrupted.
- If a trader uses the Forex services of several brokers at the same time, keeping several trading platforms active can be quite problematic. This issue can be easily resolved if you use VPS.
- If multiple traders use the network you are trading on, this may inadvertently slow your transaction or interfere with the trades. No one but you can access VPS, which allows for a certain security.
- If you need immediate access to the trading platform, but you don’t have a laptop at hand when you need it, you can use your smartphone to connect to the server.
- Security: There is a chance that you may be threatened by third-party malicious software when you install robots from your computer or mobile device. This possibility, of course, does not come from the signal generator or Forex company. Sites or programs you download because you use them personally pose this risk. This is not the case with VPS use. The internal security infrastructure of the VPS system resolves this issue.
- Speed and Processing Times: The internet connection of users trading in domestic and international Forex brokers is between 20-100 Mbit. However, the computers on which the VPS system operates are connected to the internet backbone at the Gbit level. The 24 hours Forex trading account in India guarantees there your orders will be filled, and there won’t be any slippages.
The Downside of using VPS
- The best Forex VPS services do not come cheap. This can be very costly, especially for beginner traders
- Using a VPS in Forex trading often requires some level of technical expertise which also locks out new traders
How to Choose a reliable VPS Service?
When choosing a VPS service, you need to pay attention to the following parameters:
- Operating System: It is important to remember that many trading platforms are designed for Windows. If you are using alternative operating systems, you will need to install additional software to set your VPS or configure additional parameters.
- RAM size: The RAM size should be sufficient for all running computer terminals and the operating system to work.
- Processor speed: This also affects the operation of your platform on which you are trading. If the processor’s speed is insufficient, the terminal may freeze.
- Server Location: It is recommended to place the trading server of the Forex broker near the data centre (where the server equipment is located). This allows the server to respond in minimal time and ultra-fast execution of client processes.
- Free trial period: Currently, there are almost no VPS services with free trial periods. Some kind of upfront payment is usually required to test the service. At the same time, if you find that the server is not suitable for you during the testing period, you can claim your money back and decline the services.
- Fees: You don’t need to choose cheap VPS. Unreliable providers or poor configurations can cause EA to malfunction, negatively impacting your trading results and cause you to suffer serious losses. Therefore, you should choose the most reliable VPS with good reviews and compare hosting prices/monthly rates after the detailed review and research.
Top Forex Brokers that Offer reliable VPS Services in India
Here are the top Forex brokers that offer 24 hours Forex trading account in India.
You can sign-up with any of these brokers to access the Forex market around the clock except for the weekends.
We hope you find this article useful and informative. In case of any questions or queries, please let us know in the comments below. Cheers.