VPS is a dedicated computer system , where you can host our Forex robot .If you have been using an automated forex trading system such as FAPTurbo or Forex MegaDroid then a VPS Forex service might just be what you need. There has been a lot of positive word of mouth recently about the 2 forex trading robots and how they have been making their users tons of cash. But how many of us know how to make use of these automated systems optimally?
As all automated Forex trading systems require that you computer with internet connection be turned on 24/7 because the software is installed locally on your computer, this could lead to some drawbacks that you might not have previously considered.
1. Since the software can only be running when your computer is on, it can only execute trades for you that way. Think about how much more you’ll have to pay for your electricity bill if you leave your computer on the whole day and night every single day.
2. Depending on how powerful your computer is, you shouldn’t be running too many applications while the robot is turned on, otherwise it might affect the performance of the robot. If you aren’t using a state of the art computer like 99% of us, then you might need to get a dedicated machine just to run your Forex robot, and that’s a lot of upfront cash required!
3. The prolonged usage of your PC might cause it more wear and tear and you might need to send it in for repairs more regularly, increasing expenses and more importantly, causing a downtime where you’ll not be able to trade and thus lose out on potential profits.
4. You’ll need uninterrupted internet connection in order for the expert advisers to get regular price updates and place trades. Imagine if it placed a trade for you and your internet connection got cut off suddenly. You’ll be in a disastrous position of having a live trade hanging in there without an opportunity to close until you fix your internet connection. This could result in a loss! Because of this, never ever try to run a Forex robot on a dial-up or wireless connection or if your ISP has a history of frequent disconnections. A reliable broadband connection is a must!
But does that mean that you shouldn’t use automated Forex trading systems? Of course not! All these factors have nothing to do with the software themselves, which have proven records of making phenomenal profits. That’s where a VPS Forex service comes in.
VPS Forex means a Virtual Private Server for Forex traders where the MetaTrader 4 platform is installed in a server which you have access to. If this sounds complicated to you, it actually is really simple. If the VPS Forex provider is running a Windows operating system, then it would just be like running the robot on your home PC. All you need to do is to login to your server account and the Windows desktop will appear with MetaTrader installed. You run it exactly the same way as at home. Some VPS Forex providers have already pre-installed the better robots such as FAPTurbo and Forex MegaDroid, but if your preferred robot isn’t in that list, just go ahead and install it normally just like you would at home.
Using a VPS Forex services comes with certain advantages:
1. You don’t need to keep your computer on 24/7 and incur higher electricity bills. A good VPS Forex provider should have redundant power supplies so that in the event of a failure, your system would still be running or can be brought online quickly.
2. You can use your computer to run CPU and internet intensive applications without worrying about how it’ll affect your robot.
3. All good VPS Forex vendors should have data center quality internet connection that is much faster and more reliable that the ones offered for home users.
4. You don’t need to worry about your computer breaking down, viruses, spyware, etc as the VPS Forex provider will have support staff on standby to fix these issues when they occur with little or no downtime for you.
If you’re serious about making money through forex with an automated forex trading system, then a VPS Forex service combined with a robot with a history of profitable trades such as FAPTurbo or Forex MegaDroid will provide a truly “hands off” experience. And the good news is that you can get a good VPS Forex service for as little as $35/month. With the potential monthly profits that you can be making with a robot, this is truly a no brainier!
Accurate Forex Signals ? Avoid These 3 Novices Mistakes When Selecting Trading Signals
Everyone that want to use trading signals always looking for accurate forex signals, but most of them don’t know what an accurate signal really is. There are several good signal providers out there, but most of them get bad reviews everywhere because some novices are still living in the dreamland when they use the signals.
What I imply by “live in the dreamland”? Below are a few blunders that they made:
1. They believe that the signals are 100% accurate
When these novices receive their very first notification, they will immediately execute the trade, then expect profits to come out. If the trade ends up as a losing trade, they get upset and stop the services right away.
You can pretty much guess the next thing they do: login into various forums, acting like a victim, and post negative reviews all over the place. That is why you will discover some extremely inaccurate reviews in the forums.
Here is the truth that I really think that everyone in currency trading world must have knew already: no one can forecast where the market will move next. We can merely predict to a certain degree of precision based on analysis, experience, and (perhaps) hunch. Nonetheless, it will NEVER 100% correct.
Think it over; if a signal service can provide you with 15 profitable trades from 20 trades, would you consider it as a good signal service? Of course you would! Nonetheless, is it possible that the exact same signal gives you three consecutive loss trades at the start? Sure, it is possible too; especially if you begin trading at a bad time.
When you have three or four loss trades right after you started using the signals, don’t panic and start acting like you’ve been scammed. Keep a cool head and watch if the next signal can make up for the loss. This is possible if the signal uses good risk reward ratio. But how to check this out without lose your money? Look at next factor.
2. They will not even take the time to evaluate the signal effectiveness
Okay, so you got recommendation and suggestion. You read the entire article in the provider’s website. You ask around in forums and read 30 different reviews of the product. Still, it is not good enough reason to put your own money in the line immediately.
Getting yourself a practice account is not a difficult thing to do and you virtually can get as tens or hundreds of them. Help yourself a little. Start a practice account and test the accuracy of the signals by utilizing their guarantee period. You need to invest some time and effort into this, but it could save you from bigger troubles later on.
3. They have no basic principles in trading forex
The signals are merely tools. Using the existing technology, you can easily make them auto-execute. Nonetheless, you choose to use a signal service given that it allows you to decide what to do with the notification right?
If you have a little understanding in trading forex, at the very least you’re able to do the following:
– Pinpointing bad market condition and decide not to enter any trade for that period
– When the market is trending, there is bigger profit potential that you can get. If you can recognize it, you’ll be able to modify the take profit order for more profits.
Naturally, your decision will not always correct, but if you possess solid basics in trading forex, at least you are able to:
– Save yourself from several loss trades.
– Have got more reasonable expectation from the signals, hence you can act and evaluate the situation calmly whenever things don’t work out as you planned.
Look into learn to trade the forex to pinpoint the most important thing to learn first.
Looking and recognizing accurate forex signals shouldn’t be a really hard thing to do. Just make sure to spare some time to open a demo account and learn the basics of forex trading. It might take several weeks to see the real result of the test and let the lesson sink in, but they will save you from greater troubles in the future.
Choosing a Forex Broker That Wont Rip You Off
At the best of times Forex currency trading can be a risky business with a huge potential for profit or loss. As a fulltime trader i have seen the best and the worst that the forex market has to offer, the dizzying highs of large wins, and the gut wrenching lows of people going bust.
You might be a forex trader yourself, or maybe you are just curious about how forex markets work, whomever you are, you need to learn how to seperate the legit forex brokers from the scam merchants. The internet has a great deal of genuine forex dealers offering quality services, it is also unfortunately infected with just as many thieves dressed up as companies who will gladly take your money and then dissapear. This fear of being taken advantage of puts a lot of people off the idea of trading forex, this shouldn’t be the case.
Now there are a few key differences between stock markets and forex markets that you are going to have to learn:
1. Forex has no centralised exchange house.
2. Forex trading is 24/7.
3. Forex is a largely unregulated market.
Looking at that list, it kind of seems that the forex market is akin to a wild west town full of outlaws and gunslingers. In this market there is noone to complain to, noone who will hold your hand. So how can you find the genuine dealers amid all the garbage? Do not trust any broker whose reputation cannot be confirmed, and whose company is not tied to the forex market.
The attraction of the forex market can be overwhelming. The scent of huge profits often overpower the common sense of the average person. They enter eagerly, just waiting to invest their life savings.Lying in wait are the scammers with huge promises, they capture the new investors money, and suddenly dissapear.
The good news is, is that many genuine forex brokers do actually exist. Easy-Forex, Oanda, and many more have proven track records that justify their positions in the market. Usually if a company is small, has no affiliation to forex or a financial institution, then stay away. Also a word on looking for reviews about brokers online. You can find honest reviews on forex brokers online, however there seems to be a habit of late of competing forex companies, and/or traders engaging in negative marketing of each other. Dig deeper and you will usually find an honest answer.
So remember:
1. Validate the companies reputation.
2. Make sure they are tied to the forex legitimatly.
3. If the company is small and unheard of, stay away.
4. Finally if the broker has a proven online track record, a legitimate financial institution affiliation, and a few good reviews, give them a try.
My ultimate advice is, if unsure, invest the smallest amount you can, and find out for yourself. This is how i usually used to find brokers, and it worked for me.
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