online forex trading

A Starter’s Guide to Forex Trading

The popularity of the forex trading industry has been booming consistently over the past few years, and the amount of the online forex brokerage companies offering their services to the public has also multiplied in number. Most of these brokerage companies allows their customers to use their services at no extra cost, and they even offer their clients a free trial to let them test their services before opening an account.

As a result, entering the forex industry has never been easier than before. Because of that, a lot of individuals looking for a nice investment opportunity were encouraged to begin trading in forex. And since you are here, reading this very article, I assume that you are also one of the individuals inspired to trade in this risky industry.

online forex trading

As a beginner in forex trading,  you might not know yet all the necessary methods to attain success. But, worry not, as the real purpose of this article is to guide you to the right path to success.

This article will enumerate some of the basic things you need to understand to be an effective forex trader.

Prioritize Learning about Forex Trading


It is very difficult to survive in a very risky industry such as the forex market if you don’t have enough knowledge about it. Doing so is a surefire way to lose all your hard-earned investments. Before you begin trading in forex, you should ensure that you fully understand all the basics and possess all the necessary information to become an effective trader.

Make Sure You Have Enough Funds to Trade With

Before you can trade in forex, you should have enough cash you’re ready to risk. However, you should make sure that your trading money is separate from your family and personal budget. Remember, forex trading is a very risky industry, and no one can guarantee your success in it, so you should not risk having nothing to eat for a whole month just to try your luck in online trading.

Come Up With a Trading Plan

Just as you would not be able to win a war without a good strategy, you would not be able to profit in forex trading if you do not carefully plan your trades. You should prepare the right tools and strategy in order to attain success in online trading. By carefully crafting a solid trading strategy, you’re basically increasing your chances of success, while also minimizing the risks.

forex broker reviews Trade12 review mxtrade review

Learn How to Minimize Your Risks

Remember, forex is such a risky industry. Even if you have the most effective trading strategy, if you did not bother to incorporate a careful risk management system, you will end up having your strategy vulnerable to unnecessary risks that could have been easily prevented.

So, before diving into forex trading, you should take time to determine the risks associated with it so that you will be prepared to create an effective risk management system intended to minimize these risks.

Learn more about online trading and dig deeper into the forex market by reading our educational articles. Join us as we review the leading forex brokers in the industry such as AvaTrade, MXTrade, eToro, Trade12 review and, visit our official website 🙂


Choosing the Right Forex Broker – A Complete Beginner’s Guide

Good day everyone. If you are new in forex trading and is struggling to find the most suitable forex broker, then you’ve come to the right place. Today we will discuss some of the most important factors you need to consider when choosing the right forex trading companion.

Choosing the right broker is very important especially if you want the most ideal trading experience. Your performance and success in the forex market will largely depend on the forex broker that you will choose.

forex trading

If you have no experience in forex trading, you might have a hard time deciding which forex broker will be a perfect fit for your trading needs. In that case, how do you overcome the frustration, confusion and uncertainty and replace that with peace of mind that comes with finding a trading companion that is not actually looking to steal your money?

These are some of the factors you need to consider in choosing the right online trading broker:

Transaction Costs

Keep in mind that you will always be subject to transaction costs when trading. The amount and type of transaction costs, however, will vary depending on the broker that you will choose. It is important to compare different forex brokers with each other to ensure that you’re trading with the most affordable rates.

Trading Platform

Most of your online trading transaction will occur on the broker’s trading platform. That is why you need to ensure the stability and user-friendliness of the broker’s trading platform before you decide to do business with them.

Some of the factors you need to consider when checking the broker’s trading platform:

  • Is the trading platform easy to use and can be easily understood by amateur forex traders?
  • Are there any notable features that can make your trading experience easier?
  • Is the trading platform compatible with the device you are currently using (for example, if you’re using an iPhone, is this trading platform available on the Apple Store?)

Customer Service

It is important to find a forex broker that you can easily contact whenever problems arise. Not all brokerage companies offer 24/7 online support, so make sure that the broker you chose is reachable whenever you need them.

online forex trading broker

Deposit and Withdrawal

A trustworthy forex broker will permit you to put funds and withdraw your money without any hassle. Brokerage companies have no reason to make the withdrawal process complicated since the only reason they have your funds is to make trading easier for you.

Your broker holds your money only to facilitate trading so there is no reason for you to have a hard time acquiring the profits you have gained. Your broker should ensure that the process of withdrawal is hassle-free and easy.


The most important thing to consider when choosing a forex broker is the level of security. Think about it, you are not going to just simply entrust your hard-earned cash to anyone who simply claims he’s legit, right?

These are some of the factors you need to observe before choosing your forex trading companion. Be careful with this one, as your level of success largely depends on the reliability and effectiveness of your forex broker.

Achieve the most satisfying forex trading experience. Visit our official website to view the latest and most comprehensive reviews of the best forex brokers (such as AvaTrade, MXTrade, Oanda, FXCM and Trade12). Wibestbroker seeks to help newbie forex traders to achieve success in trading, so if you need any coaching or advice, kindly contact us 🙂

Brief Comparison of Best Forex Brokers (ActivTrades, MXTrade, Trade12, eToro)

Hello Traders! Did you miss us? I hope you guys have learned a lot about forex after reading the previous articles we posted on this blog site 🙂 Today, we’ll highlight some of the top-rated forex brokers in the industry (ActivTrades, MXTrade, Trade12 and eToro). We sincerely hope that this article can guide you in choosing the best forex broker that fits well to your needs!

best forex broker


eToro is one of the leading forex brokers in the world of forex trading, having been in the industry for so many years. The brokerage company claims itself to be the first global marketplace for people to trade foreign currencies, indices, commodities and stocks online in a simple and more transparent approach.

As of today, eToro proved itself to be one of the largest forex brokers in the industry, with more than 4.5 million clients from more than 170 countries worldwide. With the company’s state-of-the-art investment platforms, supportive and approachable trading community, and skilled and experienced forex brokers, you can assure that you will have a great trading experience with this company!


Mxtrade is an online forex broker that has been in the industry for many years. With its years of experience in the field, MXTrade has already proven its reliability and quality of services. It is one of the Best Forex brokers in the industry. MXTrade is a brand managed and owned by Lau Global Services Corporation, a financial services firm. This company provides its clients reliable online trading services and serves both retail and institutional clients from over 140 countries all over the world. They have more than 250 trading instruments and offer flexible leverage.


ActivTrades is probably one of the oldest forex brokers you can find in the world of online trading. Started as a small brokerage house in Switzerland in 2001, the company has rapidly developed into one of the leading broker for retail and institutional clients.

choosing the best forex broker

Trading with ActivTrades allows you to trade over 50 currency pairs as well as commodities, metals, indices, stocks and financials, all of which are available through the company’s MT4 and MT5 trading platforms. ActiveTrades’ trading platform can be accessed using Desktop, Laptop and iOS and Android devices.

With the company’s competitive pricing, state-of-the-art technologies, innovative trading tools and reliable and outstanding customer service, you’ll surely have no regrets choosing ActiveTrades as your broker!


Trade12, despite being a new forex broker, has done many things to prove itself worthy of being called a leading forex broker in this generation. Established in 2015, Trade12 assisted many clients in achieving their goals, most of which have reported to have attained the highest level of satisfaction from this broker.

Currently, Trade12 offers cutting-edge trading platforms and technologies, intended to cater the needs of its clients. Aside from that, the company also provides free trading education through educational video tutorials, daily market updates, learning materials and other related resources. Lastly, the brokerage firm also offers outstanding customer service available to help clients 24/7. With all the things mentioned, we can guarantee you the best trading experience with Trade12.

Join us as we review the top-rated forex brokers in the industry such as Avatrade, BelforFX, MXTrade, Trade12, eToro and other brokers! Follow our official blog sites and visit our official review site –, to stay tuned with our latest updates 🙂


Understanding Carry Trades in Forex

If you have been in the Forex trading industry for a long time, chances are, you might have already heard of the term carry trade. In this article, we’ll share to you our knowledge about this amazing trading strategy.


Carry trades, in fact, isn’t only used in the forex trading industry, but also in other financial markets such as stocks, bonds and commodity markets. It is a pretty solid strategy most experienced traders use to take advantage of the difference between the interest rates of two different securities.

Most often, this strategy works when the trader or an investor sells a particular currency that yields a significantly low interest rate and and uses the funds to buy another currency with a relatively higher interest rate. The objective of the investor using this strategy is to profit from the difference between the interest rates, which are often of a considerable amount, depending on the amount of leverage used.


Aside from profiting from the difference in the interest rates, the investor can also make some considerable amount of profit from the movement of the interest rates of the two currencies. To make the most of this strategy, you must attempt to sell a currency with a steady or declining interest rate and use the funds to purchase a different currency with an inflating interest rate.

With the right broker, plan of action, timing and currency pair, this kind of strategy can help you significantly improve your profitability in Forex Trading.

Further expand your understanding of the forex market and learn more about forex trading by visiting our official blog sites. Find out what other traders say about NetoTrade, eToro, MXTrade, Trade12 and other best forex brokers, visit and see!

How To Control Your Emotions in Trading

(Last update 10-25-2016)

As many traders have already proven, your emotions can significantly affect the outcome of your trades. Letting your emotions control your trading decisions can negatively affect how your trades will turn out, and it might even lead to the unfortunate end of your trading journey.

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To be successful in trading, you should learn not to let emotions influence your trading decisions. Failing to control one’s emotions in trading is often the biggest reason why most novice traders fail in trading.

Fortunately, there are some things you can do to make your emotions less involved in your trades. Here are some of them:

Set Stops & Limits Based On Your Analysis of the Trade, Then Leave

Do not attempt to adjust your stops and limits once you’ve initially set them, especially if you have already placed your trade. Stick to your trading plan. Trust your analysis and know that there are only two possible outcomes – it’s either you win or lose the trade. Trying to adjust your stops and limits might only ruin your trades. Plus, you should not worry that you’ll lose more than what you can afford. As long as you’re following a good risk management plan, you’re all set.

Accept The Fact That Not Every Trade is a Winning Trade

Be true to yourself and set realistic expectations. Be aware of the fact that you will not win all your trades, and you will also experience some losing trades. Most budding and inexperienced traders are having a hard time accepting this fact, which is another reason why they lose and fail. And because they’re having trouble handling losing trade, it often pushes them to do revenge trading and over trading. Such negative trading behaviors often leads to even more losses. According to one of the leading forex brokers, MXTrade, it doesn’t really matter how many trades you lost, but how much profit did you gain over the course of your forex trading journey.

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Avoid Looking at Your Profit and Loss While Trading

There is nothing else that can immediately trigger a great surge of emotions than looking at your profit and loss figure. Most traders treat their profit and loss figure as a measure of their self worth. But you must refrain from doing it, as it won’t do you any good. You should remember: you’re worth more than your profit and loss figure.

If you’re already following a solid trading plan and have set strict stops and limits, then you don’t have to worry about having severe and unwanted losses. Therefore, there is no need to check your profit and loss figure on a regular basis. It will not do you any good, and it would just negatively affect your attitude and behavior in trading. Similar to what Trade12 have mentioned, you should not let your emotions define your trading strategy.

Further expand your knowledge about forex trading by visiting our official blog pages. Find out who the best forex brokers are, visit our official website –!

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How to Deal with Financial Losses

For most Forex traders, the most difficult part of trading is dealing with financial losses. It is not just a matter of grief and distress, but the fact that these kinds of situations are what usually push the traders to make worst decisions, which often leads to even more losses, creating a loop of disaster that most traders recognize as uncontrollable.

Situations such as these can trigger them in doing self-destructive behaviors, such as overtrading and over aggressiveness, which are proven to do more harm than good to their trading results.

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Here are some of the things you should remember to be able to react properly in the event of a losing trade:

Accept the Fact that Not Every Trades are Winning Trades

Instead of seeing your losses as a mistake, or a failure, keep in your mind that these kinds of situations are inevitable in forex trading. Acknowledge these events as a normal part of trading. Instead of hitting yourself for losing a trade, shift your mentality for what a loss actually means. Losing a trade doesn’t mean that you’re a loser, stupid or a bad trader. Instead of grieving over your losses, try to treat them as the cost of running your “forex trading business”. All other businesses pay taxes and other bills to be able to run their businesses, but as a trader, the only thing you pay for, aside from spreads, is the losses that you take.

Do not Suddenly Increase your Trading Positions

In the event of a loss, it is only normal to feel wanting to win back the money you have lost in a trade. The first idea that might come in your mind is to increase the size of your position, thinking that it will help you to easily win back the trades you have lost. However, overtrading, or revenge trading as they may call it, may only worsen the bad situation you’re currently in. Remember, your sense of judgment and your ability to make logical decisions might be impaired at this point, so better not make decisions that can potentially lead to a bigger disaster.

See Each Trade as a Separate Event

Do not let the mistakes you made in the past negatively affect the decisions you are about to make in the future. See each trade as a separate transaction, each with own circumstances and objectives. Do not let your bad trades push you in doing irrational decisions. Instead, learn from these mistakes, and use them as a tool to make better trading decisions in the future.


Learning how to react properly to a losing trade is one of the most important factors you need to understand if you want to be successful in forex trading. Learning how to do so can help you make the most effective decision on how to earn those losses back and earn extra profit.

Read the articles posted on our blog sites to learn useful insights that you can use to be more successful in Forex Trading. Find out who the best forex brokers are, visit to see! 🙂

What is a Margin in Forex Trading

If you have been trading in the forex market for quite some time, you might have encountered the term “margin” at some point in your whole trading journey. You probably don’t fully understand what that term means, so we’ll gladly discuss with you what “margin” is.

If you have already read some articles that discuss about leverage, you probably know by now how it works. With just a small amount of money, you are able to control positions that are multiple times bigger than your initial investment. In case you haven’t heard about leverage yet, or have no idea what it is, you can read this article.


Margin refers to the amount of money you need to maintain on your account balance to be able to trade on a leverage. Remember, to trade on a leverage, you must have sufficient amount of cash in your account balance relative to the size of the position you want to control.

For example, let’s say that the current leverage ratio of your broker is 1:100. It means that if you want to control a larger position, you would need to have at least 1% of the total amount of the position you want to control.  So, to be able to control a position size of $100,000, you would need to have at least $1,000 in your trading account balance.

The margin is used by your broker as a security. In the event that your position worsens and your total accumulated losses draw near your minimum maintenance margin, your broker might prompt you to deposit more money or to close your position to minimize the risk to both parties.

Expand your knowledge about the forex market and be an expert in Forex trading by reading our educational articles. Find out who the best forex brokers are, visit to find out!

Two Top Reasons Why Most Forex Traders Fail

Why is it that there are only a few traders who achieve success in forex trading, and the majority of the traders are unable to do so and end up losing money? In this article, we will identify some of the factors that make traders fail to achieve success in forex trading.

Why Most Forex Traders Fail

Unsuccessful Traders are Looking for Easy Money

This is the unfortunate truth in the forex market. Most of the people who enter the forex market are not there because they want to learn forex trading, but because they want to earn money instantly without exerting any effort.

The main reason why most newbie forex traders have this kind of mindset is because of the false advertisements that are scattered all throughout the internet. Most of these advertisements claim that making money in Forex is easy, and it will make them rich in a short span of time. Many people fall for these claims, and it makes them enter the forex market without having the required knowledge and experience to trade properly.

The truth is, yes, it’s pretty easy to trade in the forex market. It is as easy as clicking the mouse. However, the money-making part of it isn’t that easy. Making profits and achieving consistent positive results in forex trading is quite difficult, and it requires a certain level of education, patience, discipline, commitment and such in order to be successful. In other words, yes, it is possible to achieve financial success in Forex trading, but definitely it is not easy.


Most Traders Are Diving into Forex Trading without the Proper Education

Just like how you need to study for years and have a degree before you can be successful in any field, Forex traders also need to have extensive knowledge about forex trading in order to be successful. You cannot just dive into forex trading mindlessly then expect to be successful right away. To achieve success in forex trading, a trader should take his time to familiarize with the forex market first before he considers trading using real money. The trader must study the forex market as a whole, from the basics and fundamentals to the advanced strategies used in trading. Once you are already familiar with those things, you should not dive straight to live trading right away, you should first test the knowledge you’ve acquired using the demo accounts offered by most of the best forex brokers.

Remember, learning Forex trading is a lifelong process, and you should not stop trying to acquire new knowledge just because you think you already know it all. Just when you think you already know everything, the market will prove you wrong.

Learn more about the forex market by reading the articles posted on our educational blogs. See who the best forex brokers are, visit to find out 🙂

What are Pullbacks in Forex

Learning about the different terminologies used in the Forex market is very important, especially if your goal is to be profitable in the said market. Just like how you need to familiarize yourself with any kinds of things in order to perform well, you need to be highly knowledgeable about the forex market in order to be successful.


Today, we will discuss another Forex-trading term, which, if well-understood, can significantly boost the profiting potential of your trading strategies.  In this article we will tackle about what “pullbacks” are in Forex trading, and what causes them to appear in the forex market.

First of all, what is a pullback? A pullback is a term used to describe a situation where a security falls back from its highest price. This kind of movement in price might be recognized as a brief reversal of the current upward trend, indicating a slight pause in a continuing upward momentum.

Pullbacks normally occur after a security sees a significant increase in its price. Usually, they are considered as buying opportunities after a security has experienced a notable surge in its value.


However, it is important to carefully analyze any pullback as it may be an indication of a definite trend reversal or a slight pause in the upward momentum, each having very different trading implications.

Learn more about forex trading and further refine your trading strategies by referring to our educational blogs. See who the best forex brokers are, visit to find out!