Overview
Spot Foreign Exchange Course Overview
This introductory course on foreign exchange (FX), focusing on spot foreign exchange, covers the fundamental knowledge you need to know about the FX markets. You will learn about currency conventions, the trade mechanics of FX, how to quote bid/offer rates and calculate cross rates, and various strategies and risks associated with trading FX. At the end of this course, you will be given supplemental exercises and questions to apply what you have learned in the course.
Spot Foreign Exchange Learning Objectives
Upon completing this course, you will be able to:- Learn how to identify foreign exchange currency codes and currency pair ordering
- Identify and understand the difference between direct and indirect quotes
- Calculate foreign exchange cross rates
- Understand the foreign exchange settlement process
- Understand the various risks associated with the foreign exchange market
- Employ various market strategies to enhance market returns and reduce market risks
Who should take this course?
This introductory foreign exchange course is perfect for anyone who would like to build up their understanding of capital markets, focusing on the foreign exchange markets. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales, trading, or other areas of finance with the fundamental knowledge of foreign exchange.
Prerequisite Courses
Recommended courses to complete before taking this course.
Spot Foreign Exchange
Led by
Guy O'Loughnane
Level 2
1h 16min
100% online and self-paced
Field of Study: Finance
Start LearningWhat you'll learn
Lesson
Multimedia
Exams
Files
Course Introduction
Cross Rates
Cross Rates
Cross Rates Explanation
Cross Rates - Example 1
How to Check
Cross Rates - Example 2
Balance Check 1 (Question & Answer)
Cross Rates - Example 3
Balance Check 2 (Question & Answer)
Refinitiv Workspace Cross Rates
Triangular Arbitrage
Bid Offer Spread
Triangular Arbitrage - Question
Triangular Arbitrage - Answer
Interactive Exercise 3
Trading Spot FX
Midway Video
Trading Strategies
Market Risks
Open vs. Square Position
Net Open Position
Hard vs. Soft Limit
Position Limits
Loss Limits
Profit and Loss - Example
Average Rate and Profit and Loss
Interactive Exercise 4
Mark to Market
Event Risk
Foreign Exchange Orders
Order Types - Take Profit and Stop-Loss
Order Types - One-Cancels-the-Other (OCO)
Downloadable Files
Track P&L - Excel Demo
Trade Blotter Walkthrough
Track P&L Exercise (Extra)
Case Study (Supplemental Questions)
Course Summary
Qualified Assessment
This Course is Part of the Following Programs
Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.
Capital Markets & Securities Analyst (CMSA®) Certification
- Skills Learned Trading strategies used in the finance and capital markets
- Career Prep Work in capital markets, whether on the buy-side or the sell-side
Financial Planning & Wealth Management Professional (FPWMP®) Certification
- Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
- Career Prep Financial Planner, Investment Advisor, Portfolio Manager
What Our Members Say
Introduction to Foreign Exchange
Excellent content and excellent delivery. venugopal rajamanuri
great
good course Abdaullah AlHammad
A good course of FX to the beginners
This course is a good introductory course of foreign exchange for all the beginner. The course content starts from the beginning level to the operation level. Great .
Kwong Sang Yeung
Quite extensive
Thank you for such an enlightening course. A structured approach that made it easier to understand. Macdonald Ossuetta
Frequently Asked Questions
If you haven’t found your answer from our FAQ, please send us a message.
If you haven’t found your answer from our FAQ, please send us a message.
