It is an understatement to say that the forex markets of the world are immense. The high level of turnover indicates that the forex market is an efficient market, ie price discovery is sound. It is a quote-driven market (as opposed to an order-driven market) and it is firmly the banks’ province. They quote bid and offer rates simultaneously once the volume of the transaction is disclosed, and the quote recipient can deal either side of the quote. As in the spot forex market, the derivative forex market is efficient, allowing, for example, a company to do a large forward deal as quickly as a spot deal. The company can also do currency swaps, forward-forwards, option date forwards, and more, at the drop of a hat. In this book all aspects of the forex market are covered: organisational structure, cross rates, spreads, quotation conventions, role and importance of exchange rates, participants, relationship with the balance of payments and the money stock, and other relevant issues.
WHO SHOULD ATTEND
- Investors looking for practical strategies to diversify their portfolios
- Individuals interested in a solid understanding of value investing
- Aspiring traders/ investors seeking to apply fundamental analysis to trading equity and fixed income securities
An assessment will be conducted at the end of the course.
Participants will receive a digital transcript letter after each module upon meeting the minimum attendance requirement and passing the assessment.
Upon completion of all 6 modules, participants will receive a Postgraduate Certificate in Financial Trading & Investments.
Lectures, discussions, case studies
The foreign exchange market in a nutshell, Organisational structure of the forex market, Monetary unit, Foreign exchange and bank deposits, International spot rate quotation conventions Two-way spot prices, Spread Cross rates, Foreign exchange risk: appreciation and depreciation, Spot and derivative forex markets, Why exchange rates are important
Derivatives markets, Definition of a forward Types of forwards, Outright forward foreign exchange contracts: functions and pricing, Forward exchange market.
Derivatives: futures, options & swaps
Currency futures, Currency options, Currency swaps.
Risks other than currency risk & other risk management tools
Risks other than currency risk in investments, Other risk management tools.
Authorised dealer banks, Foreign exchange brokers, Foreign banks Central bank, Government Retail clients, Non-bank authorised dealers Corporate sector, Arbitrageurs Speculators
Effect on money stock & money market liquidity
Money identity Money market identity, Purchases and sales of forex, M and the liquidity shortage, Forward market operations of the central bank, Forex swaps by the central bank
- Duration : 10 week
- Max Students : 1000
- Enrolled : 56
- Re-take Course : 2
- Assessments : Self