If you trade with MetaTrader4, Forex trading is much easier than ever. With MT4 you can automate all of your Forex trades such as with an EA or Trade Copier, but in order for the EA or Trade Copier to function, you need to keep your computer online 24 hours a day without interruption. No problem – that is what a VPS is for! What does this mean and why does it matter?
Forex MT4 Hosting or VPS
MetaTrader 4 (MT4) is no doubt the most popular Forex trading platform for Forex traders. Many Forex trader interested in automated trading use MT4, but even if they don’t, they have heard of it. MT4 is extremely popular because it is available with most brokers. The most desirable feature of MT4 is the ease and availability of EA’s or Trade Copiers.
Finding a good Forex Trade Copier strategy or EA is half the battle. I order to fully participate, your MT4 platform needs to stay online 24 hours a day during open Forex market hours. This is where Forex VPS (Virtual Private Server) comes into play. There are many 3rd party VPS companies that offer MT4 hosting for a small monthly fee, and some brokers offer VPS services free if you maintain a qualifying account balance. For example, if you trade with FXCM, they will provide you with a free VPS if you maintain a balance of $5000 USD/GBP/EUR.
Using one of these services, you are given access to the server and you still need to manually set up your MT4 platform, which may include downloading the particular software and installing the EA or Trade Copier on it as well.
When you use the AForex Trade Copier, you are required to use a VPS. For just an extra $20 a month, we can run your account on a top-of-the-line VPS using a top provider. The technical stats of this provider will be provided and explained in another blog post.
The perk of using our VPS is that all you need to do is submit your account details through our safe and secure Members-Only website and request hosting, and we’ll download, install and setup your MT4 platform on our VPS for you. It doesn’t get easier than that!
Why a VPS Matters?
It is often impossible to keep your computer running 24 hours a day and even when it is possible, there is no guarantee you won’t have internet interruptions or even power failures. You could be offline for a few minute, and miss out on a very important Forex trade. Instead of stressing about keeping your MT4 platform online 24/5, take advantage of Forex VPS services and see how easy it is to participate in Forex.