Vskills certification in foreign exchange introduces candidates to various aspects of the largest financial market in the world, trading, bank's foreign exchange and treasury department, risk management, macroeconomic parameters and practical aspects of foreign exchange markets. A Vskills Certified foreign exchange professional finds employment in various retail banks, investment banks, research firms, and treasury departments of various MNCs.
Delve into the world of Foreign Exchange Markets by learning the theories and practices of foreign exchange. This certification will unravel the complexities and help you gain a comprehensive understanding of foreign exchange markets. Vskills certification in foreign exchange introduces candidates to various aspects of trading, bank's foreign exchange and treasury department, risk management, macroeconomic parameters and practical aspects of foreign exchange markets.
Learn & Study
Foreign exchange theory & basics
Exchange Risks
Foreign Exchange markets & Currency markets
Fundamental & Technical Analysis
Treasury.
Why should I take Forex certification?
To demonstrate clear understanding of foreign exchange and practical aspects of foreign exchange markets and to get a visible recognition for this knowledge
How will I benefit from taking Forex certification?
Treasury departments of various MNCs, treasury departments of banks trading foreign exchange, research departments of banks, corporate treasuries & teachers of finance. Managers of companies who wish to understand foreign exchange, owners of small and medium export import firms who want to have a better control over their foreign exchange exposure and anyone having interest in the Foreign Exchange Markets will also benefit from this certification.
Students looking to find employment in treasury departments of bank trading foreign exchange, research departments of banks and corporate treasuries, teachers of finance, managers of companies who wish to understand foreign exchange, owners of small and medium export import firms who want to have a better control over their foreign exchange exposure and anyone having interest in the Foreign Exchange Markets.
Companies that hire Vskills Certified Foreign Exchange Professionals
Vskills Certified Foreign Exchange Professionals might find employment in banks dealing in currency trading and research, retail banks dealing with NRI customers for their foreign exchange deposits and currency exchange firms. There is an employment scope in the corporate treasuries of big companies as well to manage the foreign exchange risk exposure. Major banks like HDFC Bank, Thomas Cook India, HSBC, JP Morgan, Gold Man Sachs, Credit Suisse, Blackrock, Geofferies etc hire Foreign Exchange Professionals.
Apply for Foreign Exchange Certification
By Net banking / Credit Card/Debit Card
We accept Visa/Master/Amex cards and all Indian Banks Debit Cards. There is no need to fill application form in case you are paying online.
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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 Futures
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
COURSE OUTLINE
Introduction
Explains the concept of Foreign Exchange
Explains the importance of foreign exchange and describes how foreign exchange facilitates transaction between entities in separate countries.
Explains what a foreign Exchange market is and the functioning of the foreign exchange market
Describes the feature that makes foreign Exchange market different from other financial markets and discusses the reason for participation in Foreign exchange market.
Explains the reason behind foreign exchange being treated as an OTC Market (Over the Counter) and explains the various factors that influence the speculators growth on volume.
Explains the level of participation in the foreign exchange market and elaborates the participation of central bank in the foreign exchange market
Describes the role played by entities in the foreign exchange market such as banks, such as banks, inter-bank broker, commercial companies, investment management firms, retail foreign exchange brokers, non-bankforeign exchange company etc.
History of Foreign Exchange
Understand the working of gold standard system facilitating the conversion of currency into gold at a fixed rate and explains the theories behind the collapse of the gold standard system.
Explains the main stages in the development of the foreign exchange system i.e., from Bretton Woods system to the development of Euromarkets.
Explains the important landmarks of Currency Markets
Foreign Exchange Basics
Provides details on the exchange rate of currencies in foreign exchange dealing
Explains the concepts of pricing of currency in terms of Primary and Counter Currency
Understand the process of quotation of currency involving two parties market maker and market taker
Explains the concept of Bid/Offer Rate
Understand the purpose of middle rate and Cross Rates
Understanding the reasons for exchange rate fluctuation and the factors affecting these fluctuations.
Explains the factors affecting demand and supply and the inverse relation between them.
Explains the concept of Balance of Payments
Understand the relation between confidence of a dealer in the future positioning and speculation in a currency.
Explains the need for intervention by the Central bank.
Explains Exchange control and the factors affecting the exchange rates
Explains the concept of Interest rate differentials and the momentum of payment in terms of leads and lags
Understand the concept of hot money in terms of availability of international money at a given point of time.
Explains the major currencies being exchanged in the foreign exchange market such as US Dollars, Euro, Japanese yen, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.
Understand the methods employed by government to determine the value of the domestic currency in terms of other currencies by the method of fixed, floating and dirty Float
Understanding the trading terminologies used when trading in the foreign exchange market.
Foreign Exchange Risk
Explains the effect of fluctuations in exchange rates and exposure to foreign exchange risk on exporters and importers.
Understand the consequences of exchange rate risk due to continuous shift in the worldwide market demand and supply and explains the type of position limits (Daylight and Overnight)
Explains the interest rate risk pertinent to currency swaps, forward outright, futures and options.
Explains the meaning and forms of Credit Risk.
Describes the intervention of government in the foreign exchange market causing Country Risk
Understanding the management of risk by technical analysis (also called charting) to evaluate both risk and reward associated in trading.
Kinds of Foreign Exchange Market
Explains the procedure of trading in Spot Market and the reasons for the popularity of currency spot trading.
Explains the concept of forward exchange contracts, disadvantages of forward contracts and the procedure for calculating fixed forward rates in Forwards Market.
Describes the process of determination of forward rates by means of currency interest rates and forward points.
Explains the principle of Currency Forward Swaps, the types of currency swaps and its main uses.
Understand the working of currency futures in the Futures Market, features of currency swaps and difference between futures and forward contracts.
Explains the interest rate parity theory and the procedure of pricing of future contracts.
Illustrating the strategies using currency futures
Describes the procedure of hedging in currency market through two positions short-hedge and long-hedge.
Explains the speculation in currency futures when anticipating differences in spot price and the prevailing future prices.
Understanding the functioning of Currency Options and the major factors that have an impact on the option prices.
Explains the process of measurement of the impact of the currency prices on the options premium in terms of Delta, Gamma, Vega and Theta.
Currency markets in India
Explains the Product Specification (futures) in terms of underlying currency future contracts, trading hours, size of the contract, quotation, tenor of the contract, available contracts, mechanism for settlement and the final settlement day
Describes the specifications of the contract, specifies the permitted lot size, tick size, quantity freeze, base price.
Explains the procedure of price dissemination, setting of price ranges of contract to avoid erroneous order entry.
Explains the trading system at NSE (NEAT), order condition, time related condition and pricing conditions laid down.
Explains trading underlying versus trading futures.
Describes the procedure of hedging at times of speculation, arbitrage strategies used for tapping the price-differentials in two or more market.
Explains the different types of members admitted in the currency derivative segments such as online trading members of NSE, both trading members of NSE and clearing members of NSCCL, professional clearing members of NSCCL
Describes about the participants, eligibility criteria for membership of an individual, partnership firms and corporate.
Provides the eligibility criteria of professional clearing members (PCM).
Explains the entities involved in clearing procedure, position limits, margins, mode of payment settlement of contracts
Fundamental Analysis
Understanding the Economic Fundamentals for determining the theories of exchange rate with the help of concepts such as purchasing power parity and theory of elasticity.
Explains the Portfolio-Balance approach and the synthesis of traditional & modern monitory views.
Explains the various economic Indicators such as GNP, GDP, consumption spending, Government spending, investment spending, net trading, capacity utilization etc.
Explains about various inflation indicators and their measurement using economic tools such as Producer Price Index (PPI), Consumer Price Index (CPI), GNP deflators, GDP deflators, Employment Cost Index (ECI), CRB Index, and Journal of commerce Industrial price index (JoC).
Explains the role of financial and Sociopolitical Factors and describes the political events and crisis in the trading system.
Technical Analysis
Explains the Fundamental principles of Technical Analysis based on DOW Theory
Understanding the different types of charts used for representation.
Explains about different trends representing the market movement, trend line and describes about the lines of support and resistance.
Explains about the trend reversal patterns and trend continuation patterns
Understanding of the Mathematical Modeling Methods (Indicators).
Explains the Fabonacci Analysis and Elliot Waves theory.
Treasury
Explains the role and responsibilities of treasury
Explains the main activities performed by Investment banks and other venture in which investment bank operations can be integrated.
Understanding the procedure involved in managing Front-Office, Middle-Office and Back-Office operations.
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