VPS or virtual private server is very common in forex trading. A trader usually uses it to run EA. It allows you to run your trading platform into a virtual server so that EA can continuously run in the platform or pc. Many brokers offer VPS to their traders. However, I prefer manual trading.

A VPS, or virtual private server, is a virtual operating framework that dwells inside a parent server and uses virtualization innovation to give dedicated (private) assets to other virtual servers.

Virtual Private Server (VPS) is a term that refers to the idea of hosting an individual's private web server in a shared data center. Virtual Private Servers are less costly than dedicated servers, because customers are typically charged for the amount of time they spend on the server. This usually translates to less overhead costs per customer.