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
Spot Foreign Exchange Is a Core Course of CFI’s CMSA® Program
CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the foundational, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to trade different asset classes. The program is completely online, so you can take it at your own pace anywhere in the world. Common career paths for students who take the CMSA® are sales & trading, asset management, wealth management, treasury, risk management, and other capital markets careers.
Who Should Take This CMSA® 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.
Get Recognized With CFI
See All Certification ProgramsWhat 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
Trade Blotter Walkthrough
Track P&L Exercise
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.
All Capital Markets & Securities Analyst (CMSA)® Courses
- 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 (FPWM)® Certification
- Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
- Career Prep Financial Planner, Investment Advisor, Portfolio Manager
What our students say
educative
educative
educative
Efomaegbulem Ebonka
Valuable forex experience
I ma glad I am able to interpret the basic forex operations after taking this course.
I ma glad I am able to interpret the basic forex operations after taking this course.
VICTOR KAKANU
I have learnt a lot
Awesome
Awesome
Thabiso Glen Semano
Excellent
Great
Great
