What is Forex? | Explained for Kids 7-17 years
Day 2 – What is Forex?
📅 Date: 12thAugust 2025
👩🏫 Instructor: Dr. Love Oladele – The Honourable Minister of Wealth Creation
Introduction for Parents
Today, our students learned the meaning of Forex—short for Foreign Exchange. We broke it down in a simple, relatable way so they could clearly see the connection between everyday life and currency trading.
Lesson Focus
Topic: What is Forex?
Objective: To help kids understand that forex is about exchanging one currency for another and why people all over the world do it.
What We Covered Today
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Definition – Forex means exchanging one country’s money for another.
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Real-Life Examples – Travelling abroad, buying international goods, and even online shopping.
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24-Hour Market – Unlike local markets, forex runs day and night across different time zones.
Kid-Friendly Analogy Used in Class
“Imagine you go to London with Nigerian naira. You need to change it to pounds before you can buy anything—that’s forex!”
Quote of the Day
“So forex is like changing my money into a new outfit when I visit another country!” 🌍