Certified Foreign Exchange Professional

Course details

Vskills certification in foreign exchange introduces candidates to various aspects of the largest financial market in the world, trading, bank's foreign exchange and treasury department, risk management, macroeconomic parameters and practical aspects of foreign exchange markets. A Vskills Certified foreign exchange professional finds employment in various retail banks, investment banks, research firms, and treasury departments of various ; 

Why should one take this certification?
To demonstrate a clear understanding of foreign exchange and practical aspects of foreign exchange markets and to get a visible recognition for this knowledge

Who will benefit from taking this certification?
Students looking to find employment in treasury departments of bank trading foreign exchange, research departments of banks and corporate treasuries, teachers of finance, managers of companies who wish to understand foreign exchange, owners of small and medium export-import firms who want to have a better control over their foreign exchange exposure and anyone having interest in the Foreign Exchange Markets.

TABLE OF CONTENT

Introduction

• What is Foreign Exchange
• Why is foreign exchange important to us?
• What is a foreign Exchange market?
• Foreign Exchange as a Financial Market
• Foreign Exchange is an OTC Market (Over The Counter)
• Market Participants

History of Foreign Exchange

• Gold Standard
• Main Stages of Recent Foreign Exchange Development
• Important landmarks of Currency Markets

Foreign Exchange Basics

• Rates of Exchange
• Primary and Counter Currency
• Market Maker and Market Taker
• Bid/Offer Rate
• Middle Rate
• Cross Rates
• Factors affecting exchange rate fluctuations
• Supply and demand
• The Balance of Payments
• Confidence and speculation
• Central bank intervention
• Exchange Control
• Interest rate differentials
• Leads and Lags
• Hot Money
• Major Currencies
• Fixed, Floating and Dirty Float
• Trading Terminology

Foreign Exchange Risks

• Effect of fluctuations in exchange rates: exposure and foreign exchange risk
• Exchange Rate Risk
• Interest Rate Risk
• Credit Risk
• Country Risk
• How to manage your risk

Kinds of Foreign Exchange Market

• Spot Market
• Forwards Market
• Currency Forward Swaps
• Futures Market
• Strategies using Currency Futures
• Hedging using Currency Futures
• Speculation in Currency Futures
• Currency Options

Currency markets in India

• Product Specification
• Uses of Currency Futures at NSE
• Membership
• Clearing, Settlement and Risk Management

Fundamental Analysis

• Economic Fundamentals: Theories of Exchange Rate Determination
• Economic Indicators
• Financial and Sociopolitical Factors

Technical Analysis

• The Fundamentals of Technical Analysis
• Types of charts
• Trends, Support and Resistance
• Trend Reversal Patterns
• Trend Continuation Patterns
• Gaps
• Fibonacci Analysis and Elliott Waves Theory
• The Elliott Waves

Treasury

• Role of Treasury
• Front Office
• Back Office
• Credit Control
• Investment Bank
• Largest Full-Service Investment Banks that hire Foreign Exchange Traders and Analyst

Updated on 31 January, 2019