The foreign exchange market, or forex, as people affectionately call it, is the world's largest financial market. It is estimated to have a daily trading volume of $6.6 trillion.



Forex used to be the province and game of banks, hedge funds, and multinational corporations who use it to forestall interest rate risks and diversify their portfolios. But the Internet has disrupted the industry just as it did other industries.

Today, anyone who can invest money into it, even as little as $50 (25 thousand naira) and with a good internet connection, even if working from a shack, can reap gains from this market.



Daily, I get bombarded with advertising messages on Facebook and Instagram where influencers flashing gold wristwatches and the latest Lamborghinis claim that their wealth was acquired from forex and urge you to join their signal channels.



This allure to easy wealth has drawn millions of retail investors to forex who hope to become rich overnight. Many do, but many also have tragic financial stories to tell and claim to have been scammed.


This article will describe a detailed process one can use to start trading forex in Nigeria and some pitfalls to avoid.


The Five-Step Process To Start Trading Forex Today

https://www.ocity.ng/how-to-start-trading-forex