I have a couple of questions:
1. What is a vps (google says Virtual private server - but do not know what that means) ? Is it a full fledged computer ? or like a more limited version with specific function ? Like only trading or something like that ?
2. you would still need a computer / local machine to access the vps correct ? So how is it better to have a local machine to access vps and also a vps ?
3. the minimum price I have seen is much more than a couple of bugs. Do not remember the exact price per month but it was much more than buying a laptop. So I did not prefer that. Could you please give some links or example where it is for a couple of bugs and what they provide for that ? (the ones I saw were AWS and Azure etc. and some other less know brands also but they were like 50 - 100 bux a month or something)
1. Virtual Private Server, yes
2. Yes. It's better because you need your local PC only to control your VPS. If your internet is down, your VPS is still running and the order still live. VPS is running 24/7, so you can have your orders there, collect your own data, backtest etc. without having to reboot. If the system goes down, there is specialized staff that is able to handle the issue within a couple of minutes
If you are running critical processes on your local machine, you have to buy backup internet, backup power suply, backup hardware, backup everything, which can easily cost you thousands of dollars.
3. I pay a lot for colocation, but the VPS for my private stuff is 14.99$/month. As said, you don't need a colocation if you don't run a quote machine where sub - ms cancel/amend is critical.
If you just want to use your TWS or NT8, the 14.99$ server with linux is fine.
In case you don't want linux, justrent windows server 2012 or 2016 and you basically have a virtual desktop PC.
Check out Vultr.com
I think low level VPS (25gb storage, 1gb ram, 1 core, 1TB bandwidth) is like 5$/m
