Hi, I'm not a super computer geek and need a bit of help. I was suggested to use for for trading a VPN but was also told it's not a bad idea for extra protection when doing other things in general online.
So any of you have been using VPN for trading and witch one would you recommend that is reliable, that doesn't log your info and that doesn't drop your internet speed to much?
Besides that I'm not to sure what to look for when choosing one. What about a VPS ? What is the difference with a VPN?
Thanks.
Hello and let me tell you in lay term what those 2 are and how I personally use them (my real job is in related field). VPN is good to use only if the network you are using to connect to your broker is not secure - like a public WiFi, even tough I have a free VPN software on my phone, I just connect using the data feature from my phone provider, so I am yet to find a real use for VPN especially on a day to day basis, except if you running also VPS as decried bellow...
VPS means virtual private server - and those I am using on a daily basis, I have a few unix/linux server across the world for redundancy and I am ruing all my algo trading programs, so they are essential to my trading...
I also have one Windows VPS and I have the trading software from my discount broker installed just in case (I find the desktop apps always better then the iPhone apps), so I can connect from anywhere using just a remote desktop program - standard on all windows systems, including from my iPhone Plus (recommending here a program called jump which supports a external keyboard and a mouse) - again I am yet to need this for a real life situation, but for me is just like an insurance if something goes terribly wrong I have another way to connect...
In any case if you decide to go this path, the security of your setup should be paramount - have a VPN to connect to your VPS servers for added layer of security, firewalls installed on the servers, always patch and update them, use 2 factor authentication, do not run any other stuff that you don't need for trading, like web servers, torrents, etc...
Hope this helps,