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How To Set Up A VPS For Forex Trading: 7 Things You Should Know

Honestly, making the jump from a shared hosting system to a VPS (virtual private server) is a pretty easy move. However, learning how you can set it up might be a little confusing and, to some extent, daunting. But, there’s no need to worry.

In this article, I’ll tell you how you can install and set up a VPS module i seven steps. And, to make it more interesting for you, I’ve also pondered on some additional information here. So, all you need to do is find the best forex vps, and you’re all set!

What Is A Virtual Private Server?

In simple words, you’ll get a separate operating system to operate or host your website with a VPS. The server available in such a module tends to be quite potent and powerful. Therefore, it will be easier for you to scale up your Forex-based website and operate it.

Additionally, it can also offer more memory and bandwidth due to the usage of a virtualizer. Hence, there’s no need to worry about the loading speed of your platform as well. Finally, the security strata of your web platform will be much better as well.

Why Should You Use A VPS, Though?

Using a virtual private server will, indeed, be quite expensive. Nonetheless, if you consider the benefits it comes with, you’ll feel like the price tag is definitely worth it. For example –

  • A VPS system works much better and smoother than a shared hosting service.
  • The data kept on VPS will be much safer than storing the same on your PC or laptop.
  • It offers much better protection and security than shared hosting.
  • The reliability rating of the same is much higher as well.

And, if that wasn’t enough, VPS can also provide you with a faster loading speed and better traffic generation opportunity. So, if you’re thinking about setting it up for forex trading, I’ll say that you’re definitely on the right path.

Setting Up A VPS – A Step-By-Step Guide

At this point, I think I’ve addressed almost each and every fundamental you needed to know about a VPS module. So, let’s get started with the installation procedure.

Step – 1: Get Your Preferred VPS.

The first thing you need to focus on is finding a dependable VPS hosting platform and getting a server from them. Once you clear up your payment, the provider will provide you with your login information. Keep it safe. You’ll need it for the installation of the VPS.

Step – 2: Get To The Server Via SSH.

SSH, otherwise known as secure shell, is a network protocol, which can help in progressing the communication between a server and the client. The whole process will be encrypted from the beginning till the end. So, there’s no need to worry about your security at all.

If this is your first time accessing the server through SSH, you’ll need to use a specific login credential. Here’s the command you’ll need to put in this regard –

“ssh [root username]@[server IP]”

Once you’re done with it, then you’ll need to provide the password your host has provided to you. After that, it’ll enter the command line.

Step – 3: Update Your Server.

So, were you successful in getting into the server unscathed? Well, congratulations, then. So, now, let’s move onto the third step and start updating your server. This will ensure that you’re installing the new features and security patches accordingly.

Anyway, like the former, you’ll need to type in a set of commands in this aspect as well. Here is what you need to know about it.

If you’re distributing the data in Debian or Ubuntu, you’ll need to type in –

“apt update”

By doing so, the server will start checking the available software package and display the one that requires the update. Now, if you want to proceed with the same, type-in the next prompt –

“apt upgrade”

However, if you’re on RHEL and CentOS, try writing the following –

“ dnf check update or yum check-update”

To proceed with the following updates, you can jot down –

“dnf update or yum update”

The whole procedure will take some time to complete entirely. Also, once the update is done, you’ll need to restart the server again by using the reboot command. Otherwise, the changes will not be implemented on your system properly.

Step – 4: Create A Brand New User Account.

Prior to this step, you were working as the server’s root user. Therefore, as of now, you have almost each and every privilege that can be used without any restriction.

Nonetheless, due to such an elevated sense of responsibility, even making a small mistake might end up affecting your server. So, you had to be careful with that till now.

The solution?

Creating a second account with a superuser permission. With it, you’ll be able to configure almost everything that’s important to your server. However, when it comes to making a major change or breaching administrative privilege, you may have to use a sudo prefix.

The command you’ll need to use to create a new user –

“adduser (the new name of the user)”

Now, you’ll need to put in a brand new password as well and offer a little more information. Once you’re done, assign this new user to the right group –

“Usermod -aG sudo (the new username)”

In case you want to check if the changes have occurred or not, delete the current session and log into your account with your new username and password.

Step – 5: Alter The SSH Port (The Default One).

The default listening SSH port is 22. And, as it’s not a secret, both you and a hacker will be aware of this fact. Hence, if you want to prevent a hacker from misusing this information, you’ll need to change the port. And, write a strong password as well.

So, here’s what you should do.

Take a backup of everything you have on the server, including the forex-based details, and keep it somewhere safe. Now, use the following command –

“cp/etc/ssh/sshd_config/etc/ssh/sshd_config_old”

Now, write in the “nano” command to edit the configuration again –

“nano/etc/ssh/sshd_config”

After that, you’ll need to locate the line that says –

“#port 22”

If you want to change the port, remove the hashtag sign from the beginning and replace the “22” with something between 1024-65535. And, that’ll be all.

Step – 6: Generate Your SSH Key

Yes, using the basic password and username will definitely be beneficial enough to keep your forex trading website safe. However, a professional and intelligent hacker can still bypass it.

Hence, in my opinion, it’ll be best if you created a private and a public key for your website. It will help a lot with the authentication and ensure that no one’s intercepting your data.

But, how do you do it?

Well, there’s a manual procedure to generate your SSH key. But, it’s way too complicated and may not work all the time. So, instead, I’ll ask you to use the PuTTYgen app for the same.

Here’s how you can do it.

Install the application on your system and open it. Now, click on the “generate” button. It will create the required keys for you automatically and save you from the hassle.

Now before you go further, I’ll ask you to create a passphrase first. It’ll work alongside the key pair as a type of password. And, if you want to save the key on your account, just click on “Save Private Key” and that’ll be all for you.

Step – 7: Install A Firewall! 

Although it’s not a must-have, I’ll still ask you to install a firewall within the VPS. This will help you protect the front side of the server and ensure that no one’s entering from there.

Remember, the label of the firewall used for a PC and a Linux-based system will be virtually different. So, read a little about the same and choose the best possible one for your purpose.

Wrapping It All Up!

So, that’ll be all for this blog from me. I hope I could provide as much information I needed to successfully guide you to set up a VPS for forex trading successfully. Nonetheless, if I still missed out on something, don’t forget to tell me about it in the comment section below. I will surely incorporate it the next time I update my article. Thanks for reading!

Marco Polo
Marco Polo is the admin of sparebusiness.com. He is dedicated to provide informative news about all kind of business, finance, technology, digital marketing, real estate etc.
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