Foreign Exchange Marketplace - Evening

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.

Also available as a Virtual (Instructor Led Online) Class. The virtual session runs concurrent with the classroom sessions, but you attend from your own home or office! All you need is an internet enabled computer with sound capabilities.

No sessions currently available. Contact client services to get the next available date.
CPE CREDITS
15.0
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
A financial calculator is required.
"This isn't a textbook course. The instructor uses real-life examples and teaches by experience."
"The instructor was very knowledgeable. He painted a clear picture for easy understanding."
  • Risk Management Suite
  • Derivatives Suite: Strategies, Trading & Valuation
    • Session I
    Introduction to Foreign Exchange
    • FX Instruments
    • Characteristics of the Major Currencies
    • Major Players
    • Role of Central Banks
    • Major FX Markets
    • Price Structure and FX Terms
    • Conducting FX trading: Dealing Systems, Voice Brokers and Matching Systems

    Historical Developments Review

    • Bretton Woods Accord
    • After Bretton Woods: the European Joint Float and the Smithsonian Accord
    • European Monetary Union
    • The Significance of Eurozone

    Foreign Exchange Risks

    • Market (Exchange) Risk
    • Interest Rate Risk
    • Credit (Settlement) Risk
    • Country Risk
    • Managing FX Risks

    Session II
    Mathematics of the Spot Market
    • Pricing
    • Conducting FX Trading (Brokers' Market vs. Direct Market)
    • Position Keeping
    • Exchange Rate Averaging
    • Profit and Loss: Realized vs. Unrealized

    Mathematics of the Cross Currencies Market

    • Pricing
    • Position Keeping
    • Exchange Rate Averaging
    • Profit and Loss: Realized vs. Unrealized

    Session III
    Mathematics of the Forward Outright Market
    • Value Date Determination
    • Pricing
    • Premium/Discount/At Par Forward Outright Spreads
    • Calculation of the Forward Outright Spreads

    Mathematics of the Swap Market

    • Pricing
    • Value Date Determination: Standard maturities vs. Odd-value Dates
    • T/N Swap

    Session IV
    Mathematics of the Currency Futures Market
    • Definitions
    • Pricing
    • Conducting FX Trading
    • Position Keeping
    • Exchange Rate Averaging
    • Marking-to-Market
    • Margins: Initiation vs. Variation
    • Hedging and Arbitrage
    • Trading Futures Over-Night

    Mathematics of the Currency Options Market

    • Definitions
    • Premium Quoting
    • Pricing
    • Conducting FX Trading
    • Position Keeping
    • “Greek” letters: Definitions and Relationships
    • In-the-Money, At-the-Money, Out-of-Money
    • Intrinsic Value
    • Extrinsic Value
    • Volatilities
    • Basic Strategies

    Session V
    Fundamental Analysis
    • Economic factors
    • Financial factors
    • Political factors

    Session VI
    Introduction to Technical Analysis
    • Concepts of Technical Analysis
    • Types of Charts (line, bar, candlestick, point-and-figure)
    • Comparative Analysis
    • Trend Analysis
    • Retracement Percentages: Dow, Fibonacci and Gann
    • Basic Chart Formations
    • Role of Moving Averages in Your Analysis
    • Role of Oscillators in the Trending Markets

    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.