According to the www.wikipedia.com A "virtual private server (VPS, also referred to as Virtual Dedicated Server or VDS) is a method of splitting a server. Each virtual server can run its own full-fledged operating system, and each server can be independently rebooted." So with VPS you can have an online 24 hours computer that can 24 hours connect to the internet.
Why we need VPS for online trading? If we have expert advisor that made according to our system, strategy and indicator that have been tested and give profit for us, than we can use VPS to put our expert advisor into the VPS that online and work for 24 hours. So we use VPS only if we have super expert advisor that really can make money for us, if not VPS would be useless.
How can we find good VPS provider? here is some tips:
1. Well.. just looking in a search engine like www.google.com and type VPS for the keyword
2. check the VPS location. Is it in your country or not. (but this is not really important. I think if the VPS is local then you can contact the admin quickly by phone if something goes wrong)
3. check the features of the VPS:
a. how fast is the CPU. faster better
b. how big is the memory (RAM), bigger better
c. how big is the hard drive (storage), bigger better
d. how big is the bandwidth, bigger better
e. and of course the important one, the price, get as cheap as can be :)
4. check the up time, should be above 99% or 99%
5. windows or linux VPS
6. another features, like mysql, apache, etc
Well I guest that's all. I hope you can find good VPS.
Sunday, December 27, 2009
Starting forex trading online
To make money from forex you really need to learn a lot of thing.
1. First you need to learn some forex terminology.
2. Then you need to learn how to analyze the market so you can make a decision to buy or sell. There is fundamental and technical analysis.
3. You need to learn about money management and some forex strategy. This will be very useful to save your money when you put wrong position.
4. After you learn about all of that you need to choose which currency pair that will you use to do your transaction. Then you need to focus your self with that currency pair to learn its market behavior.
5. Try your strategy, money management, indicator, expert advisor and analysis into your chosen currency pair in DEMO ACCOUNT. remember that in DEMO ACCOUNT first not in real account.
6. Try on DEMO ACCOUNT for minimum 6 month and than if you sure that you can get profit from it you can start trading forex online.
After you you are ready you need to:
1. choose a good registered and trusted broker.
2. if you want to use VPS (Virtual Private Server) you can start to choose the best VPS too
3. then you are ready to trade.
GOOD LUCK!!! friend.
1. First you need to learn some forex terminology.
2. Then you need to learn how to analyze the market so you can make a decision to buy or sell. There is fundamental and technical analysis.
3. You need to learn about money management and some forex strategy. This will be very useful to save your money when you put wrong position.
4. After you learn about all of that you need to choose which currency pair that will you use to do your transaction. Then you need to focus your self with that currency pair to learn its market behavior.
5. Try your strategy, money management, indicator, expert advisor and analysis into your chosen currency pair in DEMO ACCOUNT. remember that in DEMO ACCOUNT first not in real account.
6. Try on DEMO ACCOUNT for minimum 6 month and than if you sure that you can get profit from it you can start trading forex online.
After you you are ready you need to:
1. choose a good registered and trusted broker.
2. if you want to use VPS (Virtual Private Server) you can start to choose the best VPS too
3. then you are ready to trade.
GOOD LUCK!!! friend.
Monday, December 21, 2009
Forex Terminology
This is some forex trading terminology. This is very important if you want to learn forex trading.
Ask: Price at which forex broker/dealer is willing to sell. Same as "Offer".
Bid: Price at which forex broker/dealer is willing to buy.
Pip: The smallest price increment in a currency. Often referred to as "ticks" in the futures markets. For example, in EURUSD, a move from .9020 to .9019 is one pip. In USDJPY, a move from 127.65 to 127.66 is one pip.
Spread: The difference, in pips, between the Bid and Ask price. A tighter spread is better for the trader.
Margin: The amount of funds required in a clients account in order to open a position or to maintain an open position. For example, 1% margin means that $1,000 of funds on deposit are required for a $100,000 position.
Margin Call: A requirement by the broker to deposit more funds in order to maintain an open position. Sometimes a "margin call" means that the position which does not have sufficient funds on deposit will simply be closed out by the broker. This procedure allows the client to avoid further losses or a debit account balance.
Leverage: The ratio of margin to the maximum position size. With a deposit of $5000 and a leverage of 50, a trader could enter a position with a face value of $250,000. Leveraging allows you to profit quickly, but lose money just as fast.
Liability: The obligation to deliver currency as part of a spot transaction. In speculative forex trading, currency is not delivered. All profits and losses are subtracted from margin deposits.
Equity: Total assets minus total liabilities; also called net worth.
Ask: Price at which forex broker/dealer is willing to sell. Same as "Offer".
Bid: Price at which forex broker/dealer is willing to buy.
Pip: The smallest price increment in a currency. Often referred to as "ticks" in the futures markets. For example, in EURUSD, a move from .9020 to .9019 is one pip. In USDJPY, a move from 127.65 to 127.66 is one pip.
Spread: The difference, in pips, between the Bid and Ask price. A tighter spread is better for the trader.
Margin: The amount of funds required in a clients account in order to open a position or to maintain an open position. For example, 1% margin means that $1,000 of funds on deposit are required for a $100,000 position.
Margin Call: A requirement by the broker to deposit more funds in order to maintain an open position. Sometimes a "margin call" means that the position which does not have sufficient funds on deposit will simply be closed out by the broker. This procedure allows the client to avoid further losses or a debit account balance.
Leverage: The ratio of margin to the maximum position size. With a deposit of $5000 and a leverage of 50, a trader could enter a position with a face value of $250,000. Leveraging allows you to profit quickly, but lose money just as fast.
Liability: The obligation to deliver currency as part of a spot transaction. In speculative forex trading, currency is not delivered. All profits and losses are subtracted from margin deposits.
Equity: Total assets minus total liabilities; also called net worth.
