Virtual Private Servers (VPS) allow traders to setup trading platforms and automated data collection through a virtual interface. This could be hosting a Windows Operating System inside a Mac or having a third party shared VPS or dedicated server.
Parallels is a virtual machine that allows you to run Windows. It is a one off cost of $79.99. You can get a free trial of Parallels for 14 days here.
If you want to install multiple operating systems on your machine, you can easily add them with Virtual Box. You will need licenses for each OS you add. Also make sure you have enough hard drive space and RAM to run them.
Apple OSX now supports Bootcamp since Leopard. You’ll need a minimum of 28GB hard-drive space to install Windows 7 or Windows 8 on the latest system. The Wikipedia page has some useful spec guidelines.
Third Party VPS
With a global VPS offering, traders can select the closest location to the FX broker's exchange. The fast and low latency service means your trades have minimal delay. Make sure you view the latency page to see how fast your broker is.
You can also find other great tips, tools and resources recommended by Joel.Forex Tools & Resources