Foreign Exchange Training

INTRODUCTION

Foreign Exchange (Forex) markets are the backbone of global finance, facilitating cross-border trade and investment. Understanding Forex dynamics is crucial in today’s interconnected economy, enabling participants to navigate currency fluctuations and leverage opportunities in international markets.

Proficiency in this Forex Course is indispensable for finance professionals, traders, and multinational corporation executives. Mastering this subject allows informed decision-making, risk mitigation, and capitalising on currency movements. It is particularly beneficial for treasury managers, financial analysts, and investment strategists aiming to enhance their portfolio’s value and corporate financial strategies.

The training equips delegates with essential Forex knowledge and practical skills. Delegates will gain insights into market mechanisms, analysis techniques, and strategic trading approaches. This hands-on experience enables them to apply learned concepts directly to real-world financial decisions, enhancing their market responsiveness and decision-making acumen.

Course Objectives

• To understand the structure and mechanisms of the foreign exchange market
• To analyse currency risk and its implications on international trade and finance
• To apply technical and fundamental analysis techniques in currency trading
• To develop effective Forex trading strategies and risk management practices
• To familiarise with the tools and platforms used in Forex trading

Who Should Attend:

The Foreign Exchange Training Course is designed for professionals, traders, and analysts who are interested in gaining expertise in Foreign Exchange (Forex) trading, currency markets, and exchange rate dynamics. This Forex Course can be beneficial for a wide range of professionals, including:

• Currency Traders
• International Relations Professionals
• Derivatives Traders
• Hedge Fund Managers
• Quantitative Analysts (Quants)
• Financial Planners
• Investment Managers
• Financial Analysts

COURSE OUTLINE

Module 1: Introduction to Foreign Exchange

• What is Foreign Exchange (Forex)?
• Trading in the Forex Market
• Differences in the Forex Markets

Module 2: Exchange Spot Transactions

• Introduction
• What is an Outright?
• Value Dates
• Credit and Settlement Risks
• Exchange Rate Quotation Terms
• Reciprocal Quotation Terms (Rates)
• Exchange Rate Movements
• Shortcut and Bids and Offers
• Bids and Offers
• Rule of the Left Bid -Right Offer
• Cross Rates
• Exchange Rate Movement Revisited for Crosses
• Management of the Development of New HR Policies and Procedures

Module 3: Foreign Exchange Forwards

• Introduction
• What are Forwards?
• Calculating the Forward Rate
• How to Calculate Forward Points?
• How do you Calculate Forward Points
• Pay and Earn Points
• Premium Vs Discount Points
• Forward Rate Conventions
• Calculating Odd Dates
• Types of Transactions
• How Do the Forward Points Change?
• Currency Futures
• Funding
• Trade Ideas and How They are Formed
• Trading Eurodollar Futures

Module 4: Foreign Exchange Swaps

• Value Dates
• Bid-Offer Spreads
• Calculating Swap Points
• Rules of Thumb
• Rationale Behind the Chart

Module 5: Foreign Exchange Options

• Vanilla Options
• Payoff of a Long and Short Call Option
• Payoff of a Short Put and Long Put Option
• Greeks
• Second Order Greeks
• Factors and Their Effects on Option Value
• Exotic Options
• Trading
  • Conventions
  • Strategies

Module 6: Structure of the Forex Market

• Market Participant
• Currency Pair
• Bid-Ask Spread
• What are Bullish and Bearish Markets?
• What Happens in a Bull Market?
• What Happens in a Bear Market?
• What is Lot Size?
• What is Long and Short in Forex Trade?
• What are Pending Orders in Forex Trade?
• Leverage and Margin
• Hedging

Module 7: Major Currencies and Trade Systems

• Major Currencies
• Different Trade Systems on Forex

Module 8: Types of Market Analysis

• Fundamental Analysis
• When to Use Fundamental Analysis for the Forex Market?
• Key Factors Influencing Fundamental Analysis
• Technical Analysis
• Dow Theory for Technical Analysis
• Sentimental Analysis

Module 9: Driving Forces Behind Forex Market

• Fundamental Market Forces
• Technical Indicators
• Pattern Study of Trends, Support, and Resistance
• Technical Strategy in Price Patterns
• Oscillator Divergences
• Role of Inflation

Module 10: Putting It Together

• Trading Rules
• Position Sizing and Money Management
• Foreign Exchange Risks

Methodology

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

Key Notes

a. The participant must be conversant with English.

b. Course duration is flexible and the contents can be modified to fit any number of days.

c. The course fee includes facilitation training materials and a certificate upon successful completion of Training.

d. One-year post-training support Consultation and Coaching provided after the course.

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