Foreign Exchange Marketplace - DayThis 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. |
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| New FX traders and investors, foreign exchange staff in
commercial banks, middle office, auditors, securities firms, insurance companies and corporations, analysts, and junior traders. |
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| No advance preparation required. |
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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
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| A financial calculator is required. |
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| 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. |
 Schedule Note |
| The session being offered on July 12, 2012 is a special one-day version of this course that is being offered as part of the Global Markets Sales & Trading Program. Please be advised that all content listed in the Detailed Outline below may not be covered in the single-day offering and the number of CPE credits awarded for this special session is 7.0. |
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Day I: Introduction to Foreign ExchangeHistorical 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 MathCharacteristics 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 MarketForeign Exchange Risks- Managing the exchange risk
- Managing the interest rate risk
- Managing the credit risk
- Managing the country risk
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| Clients who register for this course will receive a complimentary 4-month subscription to FT.com. The Financial Times is the world's most respected financial newspaper, providing a broad assessment on finance, business and the industrial sector. The move to the electronic version follows an ongoing review of our environmental responsibilities as a global business and as part of the Pearson group. FT.com also has features that are not available in hard copy, such as: Special Reports, Alphaville, editor blogs, education sections and much more! Subscriptions will start within 6-8 weeks of the start of class and are limited to one subscription per client. (Please note: as of May 1, 2011, the electronic subscription replaces the hard-copy 3-month Financial Times subscription.) |
Lunch is included for all students taking day classes. |
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