Welcome to Lite Forex trading.  A website about Forex trading and Forex brokers.

Forex trading can be a great way to earn money.  It is also an easy way to lose money.  Becoming a successful Forex trader requires a lot of hard work and dedication.   You need to learn how to use different Forex certificates in the right way and study the market carefully to be able to earn money.  If you start trading on the Forex market, thinking that it is an easy way to make money, then you are almost guaranteed to lose money.  Most people who are looking for a get rich quick scheme lose money when they start trading on the Forex market.

The Forex market can be used to earn a living.  But only if you are willing to work hard to become successful.  Do not start trading on the Forex market if you are not willing to work hard at becoming successful.

If you are still reading, I am going to assume that you are willing to do what it takes to become successful. The first 2 things you should do is:

  • Learn as much as possible about Forex trading. I recommend that you start by reading “how to trade Forex for beginners“.
  • Start researching different Forex brokers to be able to choose a good broker.  You can read more about what you should think about when selecting a broker below.

Choosing a Forex broker

It is important to choose a Forex broker early.  Choosing a good broker early will make it easier to learn how to trade.  A good broker will provide you with a demo account that you can use to perform virtual trades.   “Real” trades using virtual money. Using a demo account allow you to use virtual money to trade. The result of each trade is reflected in your account as you earn and lose virtual money.  This makes it very easy to track your performance and see if you are making progress or not.  If not using a demo account it is very easy to fool yourself to think that you are more successful then you are.  The balance in the demo account will show you in black or white, whether you are ready to start trading using real money or not.

It is best to learn how to trade in the broker you plan to use once you start trading for real money.  The reason for this is that this will increase your familiarity with the platform and will make it easier to make proper trades in the heat of the moment when you trade for real money.  I recommend that you always use the same broker to learn how to trade that you then plan to use while trading for real money.  Once you have become more experienced you can choose a new broker but I recommend that you stay with the same broker for the first year.  This gives you a better chance to succeed. Make sure to chose the right broker from the start so that you do not have to change brokers later.

forex brokers


Review sites get paid

It is essential to know that most review websites get paid whenever you register with a broker.  They might get USD500 or more for every new trader they refer.  Some review websites will, therefore, say that all brokers are good regardless of whether they really are or not. You should keep this in mind when reading what they have to say.  You should therefore always read reviews on several websites as well as see what people say about the broker in different Forex forums.  There are numerous good Forex broker review websites but there are also a  lot of scam websites out there.  Never trust small websites with a lot of adds on them.  The most honest websites are often small websites without ads or affiliate links. Websites such as this one.  I never link directly to a broker and I never feature advertising or affiliate links.  If you want to visit a broker you have to type their name in the browser bar and I will not benefit from you doing this.  I never benefit from whether you register with a broker or not and have no incitement for lying.  With this said.  You should not trust this website either.  You should never trust any website implicitly and this includes this website. Always read more review before you decide which broker to register with.

What to think about

There are a number of things you should think about when choosing a Forex Brokers.  Some of the most important things are:

  • Do the broker offer a demo account.  Always chose a broker that does.
  • Do the broker offer the Forex instrument you want to use.
  • Do they offer the leverage you want?
  • Do they offer the currency pair you want to trade with?
  • Do they support the trading platform you want to use such as MetaTrader 4 or MetaTrader 5?
  • Do they do margin calls?
  • How large is their spread?  Do they charge other fees?
  • Do they have negative balance protection?
  • Do they offer good banking options?
  • Do they offer mobile trading (if you need it)?
  • Do they have a good reputation?
  • Do they focus on Forex trading or do they offer other types of trading?

Make sure that the broker provides what you need.  There is no broker that is best for everyone.  You need to find the one that is best for you.