Introduction to Foreign Exchange Course Overview
This introductory course on foreign exchange (FX) covers the fundamental knowledge you need to know about the FX markets. You will learn the mechanics and purposes of FX, how to quote bid/offer rates and calculate cross rates, as well as the various types of FX products available to investors, corporations and market-makers. At the end of this course, you will be given case studies where you will have to apply what you've learnt in the course.
Why Take This Introduction to Foreign Exchange Course
This course covers the basic mechanics of FX and the different FX products one can strategically use to hedge their positions. Throughout this course, you will be practicing your skills with Excel exercises and interactive quizzes to ensure you have good understanding on each key topic.
Major topics covered in this course include:
- Types of exchange rates
- When, where and how is FX traded
- Bid/offer spreads
- Currency groups
- Cross rates (direct and indirect quotes)
- FX forwards
- FX swaps
- Cross-currency swaps
- Carry trades
- FX options
- Non-deliverable forwards (NDFs) and special drawing rights (SDRs)
Who Should Take This Course
This Introduction to Foreign Exchange course is perfect for beginners or anyone who would like to build up their understanding about the FX markets. This course is designed to equip anyone who desire to begin a career in investment banking, sales and trading, treasury, or other areas of finance with the fundamental knowledge on foreign exchange.
About the Capital Markets & Securities Analyst (CMSA)™ Program
This Introduction to Foreign Exchange course is a core course of CFI's upcoming Capital Markets & Securities Analyst (CMSA)™ Program. This program will cover all the basic, intermediate and advanced level topics about investment banking, sales and trading, and asset management. This program will teach you the trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes.
Students can sign up for updates and reserve a spot in the Capital Markets & Securities Analyst (CMSA)™ Program on the student dashboard.