Foreign Exchange Marketplace - Day

This course focuses on one of today's most profitable markets - foreign exchange. Students learn in detail what makes these markets tick and how traders and analysts make their decisions.

11-DEC-2008 -- 12-DEC-2008New YorkUSD$2375
NY Institute of Finance - Midtown9:00am - 4:30pm Instructional Method:
Group-Live
Instructor(s): [ Cornelius Luca; ] Thu Fri Level: Basic
CPE Credits: 14

New FX traders and investors, foreign exchange staff in commercial banks, middle office, auditors, securities firms, insurance companies and corporations, analysts, and junior traders.
No advance preparation required.
Students will be able to:
  • Understand the role of currency exchange for trading and payments
  • Identify the phrase of trading: trend, carry and volatility
  • Price structure and methods of conducting FX trading
  • Risk Management in FX
  • Role of cross trading
  • Using forward trading methods
  • The advantage of options
FXstreet.com is a leading financial website devoted to covering the foreign exchange market. Technical and fundamental analysis of major currencies, crosses and trends is provided daily on an open basis. The site also features streaming quotes, adjustable charts and several currency tools. FXstreet.com also provides the Forex investor with several other resources including Online Expert Q&A Sessions and educational content.
Day I: Introduction to Foreign Exchange

Historical Background

  • Bretton Woods Accord
  • After Bretton Woods
  • European monetary union

Market Characteristics

  • Major currencies' characteristics
  • Major players
  • Central banks
  • Major FX markets
  • Foreign exchange risks
  • Conducting FX trading

Mechanics and Techniques of Foreign Exchange Trading

  • Spot
  • Forward outright and swap
  • Crosses
  • Futures

Introduction to Forecasting

  • Fundamental analysis
  • Economic factors
  • Financial factors
  • Political factors
  • Introduction to technical analysis
  • Types of charts
  • Comparative analysis
  • Basic chart formations

Day 2: Foreign Exchange Math

Characteristics of the Spot Market

  • European American terms
  • Profit-taking orders
  • Stop-loss orders
  • Profit and loss
  • Trading the spot market

Characteristics of the Cross Market

  • Attributes
  • Profit and loss

Characteristics of the Forward Market

  • Attributes
  • Profit and loss

Characteristics of the Currency Futures Market

  • Attributes
  • The concept of forward outright
  • The concept of currency swap
  • T/N swap
  • Trading the swap and forward outright markets

Characteristics of the Currency Futures Market

  • Attributes
  • Profit and loss
  • Trading the futures market during regular hours
  • Trading the futures market after hours: GLOBEX & EFPs
  • Initiation margins
  • Variance margins

Characteristics of the Currency Options Market

    Foreign Exchange Risks

    • Managing the exchange risk
    • Managing the interest rate risk
    • Managing the credit risk
    • Managing the country risk

Clients who register for this course will receive a complimentary 6 month subscription to the Financial Times and FT.com. The Financial Times is the world's most respected financial newspaper providing a broad assessment on finance, business and the industrial sector. Subscriptions will start within 6-8 weeks of the application process, and are limited to one per client. For questions about your subscriptions call 800-628-8088 or email uscirculation@ft.com. US and Canada enrollees only.

Lunch included for all students taking day classes.