Learn Foreign Exchange with CFI

Topic Overview

Foreign Exchange, or FX, is simply the conversion of one currency into another but is also the asset class most people can grasp but few can really master. It can be as simple as exchanging some of your local currency for another currency to pay for holidays or internet purchases, but it is the most liquid investment with billions and trillions of US dollar equivalents changing hands 24 hours every business day. It has been around for centuries pretty much since the invention of money but it still forms the very basis of our investment decisions today. Understanding of foreign exchange is essential for a career in capital markets, investment banking, asset management, and sales and trading. Read more
Our courses are completely online and self-paced, giving you the flexibility to learn when it’s most convenient for you. With our proprietary technology and leading instructors, you’ll develop real-world skills to prepare for your career in finance.

6 courses

Consisting of over 290+ lessons

30+ interactive exercises

Learn by doing with guided simulations

Expert instructors

Learn from the very best

New courses monthly

On need-to-know subject matter

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Find the right Foreign Exchange course

As one of the largest and most accessible markets, the Forex market is a valuable skill for any aspiring finance professional. Our courses cover everything from the fundamentals and basics of the Forex market to advanced topics to prepare for a future in capital markets. Courses can be applied to specializations or certifications to advance your career in finance.

Top Foreign Exchange Courses

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Discover Free Foreign Exchange Resources

Explore all of CFI's Foreign Exchange learning and development resources.

What Influences Exchange Rates?

Exchange rates, the rate that two currencies can be exchanged for each other, are key for global currency flows. But how well do you understand...
economics foreign-exchange capital-markets


Society for Worldwide Interbank Financial Telecommunications
commercial-lending foreign-exchange capital-markets articles

PIP (Forex)

"Percentage in Point" or "Price Interest Point"
foreign-exchange articles

Cross Rates

A foreign exchange market price made in two currencies (not involving the U.S. dollar) that are then both valued against a third currency
foreign-exchange articles

Cross Currency Transaction

A transaction that uses more than one currency
foreign-exchange articles

Cross Currency Settlement

A transaction or cross currency pair that does not use the U.S. dollar
foreign-exchange articles


A time-deposit that is denominated in U.S. dollars and held in foreign banks
foreign-exchange articles

Cross Currency Swap

The exchange of principal and interest between counterparties for cheaper foreign rates
derivatives foreign-exchange articles

Currency Basket

A portfolio of various currencies and weights
foreign-exchange articles


When an asset or investment cannot be quickly and easily converted into cash at the current fair market price
commodities derivatives equities fixed-income foreign-exchange capital-markets articles

Iranian Rial (IRR)

The official legal currency of the Islamic Republic of Iran
foreign-exchange articles

South Korean Won (KRW)

The currency of the nation of South Korea
foreign-exchange articles

Why Learn Foreign Exchange with CFI?

As one of the leading institutions for financial analyst certification programs, CFI is solely focused on finance and offers training and skill development for finance professionals at all levels. Our courses were created with the aid of experienced Wall Street trainers who have been training new hires at global investment firms for over 20 years.

To enhance learning and retention, our courses use proprietary technology and a combination of theory, application, and intuition. All programs are condensed and self-paced, so you can take courses at any time and from anywhere in the world.

With our Foreign Exchange courses, you can learn:

How to identify foreign exchange currency codes and cross rates
The various risks involved in the foreign exchange market
How to employ FX trading strategies to enhance market returns and reduce risks

Who should take these courses?

From our most introductory foreign exchange course to our most advanced derivative courses, they are ideal for students and finance professionals who want to expand their knowledge of trading and investing in FX products. Students in Foreign Exchange courses may pursue career paths in wealth management, asset management, treasury, sales and trading, and other capital markets fields.

Investment professionals

Management consultants

Financial analysts

Registered Provider: National Association of State Boards of Accountancy

All courses are accredited by the Better Business Bureau (BBB), CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the US. Most courses qualify for verified CPE credits for CPA charter holders.

Courses include video lessons, quizzes, and final assessments.

Frequently Asked Questions

If you haven’t found your answer from our FAQ, please send us a message.
What is Foreign Exchange?

Foreign exchange, also known as Forex or FX, is the trading of one currency for another, such as the U.S. dollar for the British pound sterling. These transactions occur on the foreign exchange market (Forex market), the largest and most liquid market in the world.

How Does Foreign Exchange Work?

The market determines the value of currency and its exchange rate but is based upon the differences in local interest rates, purchasing power, and capital controls that exist in different jurisdictions. The most important players in the foreign exchange market are banks, governments, and investors.

Why Does Foreign Exchange Matter?

The foreign exchange market is unique in capital markets, especially because of its size. The trading volume that occurs in the foreign exchange market is very large, and it is open 24 hours a day, five days a week, across the globe. FX also underpins most investment decisions as the movement of currencies can heavily impact actual investment returns.

If you haven’t found your answer from our FAQ, please send us a message.
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