Knowledge Gained Through Years of Experience

Course Objectives

The objective of the course is to provide basic skills related to operate in foreign exchange market and the ways of investing in it. It will enable the student to take up investment in foreign exchange market independently.

Units

Unit I: Introduction to FOREX Trading (2 Hours)

What is FOREX?; What is traded in the foreign exchange market?; A Brief History of FOREX Market; The Bretton Woods System and its failure; Free-Floating System; The Internet boom; Why Trade in Forex Market?; Market Forecast Tools

Unit II: Currency Exchange and Exchange Value (2 Hours)

Currency Exchange and Exchange Value; FOREX Market – In A Nutshell; Major Participants; Common Exchange Rate System; Currency Pair Reading; Currency Quotation; Popular Currency Pairs; Category of Currency Pairs – Major Pairs; Cross Currency Pairs; Exotic Currency Pairs; Highest and Lowest Volatility Currency Pair; Reasons for Fluctuation; Inflation Rates; Interest Rates; Balance of Payments; Government Debt; Terms of Trade; Political Stability & Performance; Recession

Unit III: Stakeholders of Currency Market (2 Hours)

Participants of Forex Market; FOREX Trading Statistics; The Most Expensive World Currencies; FOREX Market: World Market Time; Reasoning Behind Around-the-Clock Trading; Understanding Forex Market Hours

Unit IV: List of Terminologies and their Meaning (2 Hours)

Unit V: Frequently Asked Questions (FAQs) (2 Hours)