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)
Introduction to Foreign Exchange Is a Required Course of CFI’s CMSA™ Program
CFI’s Capital Markets & Securities Analyst (CMSA)™ program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you 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. The program is completely online so you can take it at your own pace, from anywhere in the world.
Common career paths for students who take the CMSA™ are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.
Who Should Take This CMSA™ Course?
This Introduction to Foreign Exchange course is perfect for anyone who would like to build up their understanding about capital markets. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales and trading, or other areas of finance with the fundamental knowledge of foreign exchange.