Certified Foreign Exchange Professional

Introduction

• What is Foreign Exchange
• Why is foreign exchange important to us?
• What is a foreign Exchange market?
• Foreign Exchange as a Financial Market
• Foreign Exchange is an OTC Market (Over The Counter)
• Market Participants

History of Foreign Exchange

• Gold Standard
• Main Stages of Recent Foreign Exchange Development
• Important landmarks of Currency Markets

Foreign Exchange Basics

• Rates of Exchange
• Primary and Counter Currency
• Market Maker and Market Taker
• Bid/Offer Rate
• Middle Rate
• Cross Rates
• Factors affecting exchange rate fluctuations
• Supply and demand
• The Balance of Payments
• Confidence and speculation
• Central bank intervention
• Exchange Control
• Interest rate differentials
• Leads and Lags
• Hot Money
• Major Currencies
• Fixed, Floating and Dirty Float
• Trading Terminology

Foreign Exchange RiskS

• Effect of fluctuations in exchange rates: exposure and foreign exchange risk
• Exchange Rate Risk
• Interest Rate Risk
• Credit Risk
• Country Risk
• How to manage your risk

Kinds of Foreign Exchange Market

• Spot Market
• Forwards Market
• Currency Forward Swaps
• Futures Market
• Strategies using Currency Futures
• Hedging using Currency Futures
• Speculation in Currency Future
• Currency Options

currency markets in india

• Product Specification
• Uses of Currency Futures at NSE
• Membership
• Clearing,Settlement and Risk Management

Fundamental Analysis

• Economic Fundamentals: Theories of Exchange Rate Determination
• Economic Indicators
• Financial and Sociopolitical Factors

Technical Analysis

• The Fundamentals of Technical Analysis
• Types of charts
• Trends, Support and Resistance
• Trend Reversal Patterns
• Trend Continuation Patterns
• Gaps
• Fibonacci Analysis and Elliott Waves Theory
• The Elliott Waves

Treasury

• Role of Treasury
• Front Office
• Back Office
• Credit Control
• Investment Bank
• Largest Full Service Investment Banks that hire Foreign Exchange Traders and Analyst