Run WordPress from a local machine

I’d like to be able to run WordPress from a local machine. I’ve found tutorials on installing and running WEMP or WAMP and feel like this would be a good solution for me. I have a static IP address and 18MB down, 2MB up. I’m currently running Windows Server 2003, and just need a little help redirecting my name servers and everything that goes along with that. I’m currently on a shared Go Daddy solution. Thanks for any and all advice.