Spot Foreign Exchange


Level 2

Approx 4.50h to complete

100% online and self-paced

Subscribe to get access to CMSA® and other programs

From $497/year

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Introduction to Foreign Exchange Course Overview

This introductory course on foreign exchange (FX), focusing on spot foreign exchange, covers the fundamental knowledge you need to know about the FX markets. You will learn about currency conventions, the trade mechanics of FX, how to quote bid/offer rates and calculate cross rates, and various strategies and risks associated with trading FX. At the end of this course, you will be given supplemental exercises and questions to apply what you have learned in the course.

Introduction to Foreign Exchange Learning Objectives

Upon completing this course, you will be able to:

    Learn how to identify foreign exchange currency codes and currency pair ordering.
    Identify and understand the difference between direct and indirect quotes
    Calculate foreign exchange cross rates
    Understand the foreign exchange settlement process
    Understand the various risks associated with the foreign exchange market
    Employ various market strategies to enhance market returns and reduce market risks.

Introduction to Foreign Exchange Is a Core 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 of capital markets, with a focus on the foreign exchange 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.

What You'll Learn


Become a certified Capital Markets & Securities Analyst (CMSA)®

Spot Foreign Exchange is part of the All Capital Markets & Securities Analyst (CMSA)® courses, which includes 29 courses.

Capital Markets & Securities Analyst (CMSA)® Certification
  • Skills Learned Trading strategies used in the finance and capital markets
  • Career Prep Work in capital markets, whether on the buy-side or the sell-side

Path To Certification

Prep Courses

5 courses from beginner to intermediate level.


Core Courses

8 courses from beginner to intermediate level.


Elective Courses

16 courses in advanced and intermediate levels.


Get Certified

Submit your CMSA® checklist and order your certificate.

CMSA Certificate 04Required

Join Our Community

Get access to the Global Corporate Finance Society.


How the Certification Works

Capital Markets & Securities Analyst (CMSA)® courses are offered 100% online, allowing you the flexibility to start the Capital Markets & Securities Analyst (CMSA)® program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and 7 elective courses (13 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (CMSA)® Certification will be emailed to you.

What Our Students Say

Quite extensive
Thank you for such an enlightening course. A structured approach that made it easier to understand.

Macdonald Ossuetta

Important Tool in Understanding Fx Market
A relatively difficult subject presented in an easy to understand manner and on what really happen in actual practice.

Love Manigsaca

Introduction to Foreign Exchange
nice course

John Ngelula

A good course of FX to the beginners
This course is a good introductory course of foreign exchange for all the beginner. The course content starts from the beginning level to the operation level. Great .

Kwong Sang Yeung

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