What Is Forex Trading and How Does It Work? (A Simple Guide for Beginners)
Have you ever heard people talk about forex trading and wondered, “What exactly is this? Is it legit? Can I make money from it?”. You’re not alone. In recent years, forex trading has exploded in popularity — especially as more people look for ways to earn online and take control of their finances. Whether you’re just curious or considering diving in, this post will break down what forex trading is, how it works, and what you need to know before getting started — in plain English. Let’s get into it. --- 💱 What Is Forex Trading? Forex stands for foreign exchange — basically, it's the market where people trade currencies. Think of it like this: When you travel from Nigeria to the U.S., you exchange naira for dollars. That’s forex. But in forex trading, you don’t have to travel. Instead, traders buy and sell currency pairs (like USD/EUR or GBP/JPY) online to make profits from the price differences. The forex market is the largest and most liquid financial market in the wor...