Description
The course ‘Fundamentals of Foreign Exchange’ provides comprehensive coverage of the concepts, terminology and entities involved in the Foreign Exchange market. The course covers not only the basics of how to read a Forex quote but also explains Forex Operations such as the Authorised Dealer licensing process and infrastructure requirement for Dealers & Banks. The course introduces the learner to the various banking products related to Foreign Exchange alongwith the Regulatory aspects including compliance and anti money laundering.
Ideally Meant For
This course is ideal for anyone who would want to work in operations and sales which require knowledge on forex fundamentals
Why take this course
Knowledge on the working of exchange rate calculation and the market gives a professional a confidence in tackling various work-related aspects. This will be useful to a person seeking a placement in the forex side of business as also give an edge to anyone interfacing with a forex-related transaction.
Need Assistance?
Give a missed call on 8587999769
Course Objective
On completing this course, you will be able to,
- Demonstrate a command of the knowledge and entities
related to the Forex Market and various factors which
are critical to them
- Demonstrate competency in the use of language and
terminology appropriate to Forex markets, and
- Explain your role vis-à-vis the Forex markets at your
work place and approach planning of personal finance
management in a more informed manner
1 Introduction to Foreign Exchange
On completing this chapter, you will be able to understand:
- Foreign Exchange Concepts
- Balance of Payments
- Factors influencing exchange rate
- The Forex Market
- Bank Forex Operations
2 Foreign Exchange Fundamentals
On completing this chapter, you will be able to understand:
- Buy/Sell Rates
- Exchange Rate Determination
- Forex Market And Currency Conversion
- Payment System – Swift
3 Forex-related Banking Products and Services
On completing this chapter, you will be able to understand:
- Corporate Banking
- Exports
- Imports
- Remittances
- Letter Of Credit
- Guarantees
- Retail Banking
- Inward Remittances
- Outward Remittances
4 Forex-related Regulatory Aspects
On completing this chapter, you will be able to understand:
- International Institutions
- ICC - The International Chamber Of Commerce
- INCOTERMS
- Guidelines For The Domestic Participants
- Exim Policy
- FEDAI
- Functions Of FEDAI
- FEDAI Rules
- Domestic Laws
- FEMA
- The Main Objectives Of FEMA
- Scope Of FEMA
- Transition From FERA To FEMA
- Important Definitions Relating To FEMA
- Compliance With FEMA– The Banker’s
Responsibility
- AML and Forex
- What Does AML Mean To A Bank
- Internal Control Guidelines
5 Pre-Requisites To Carrying Out Forex Operations In A Bank
On completing this chapter, you will be able to understand:
- Authorised Dealer (AD) License
- Banking Network
- Correspondent Banking
- Nostro
- Vostro Accounts
- Counterparty Limits
- Risk Management Policy
- Exchange Dealing Infrastructure
6 How Trading Works
On completing this chapter, you will be able to understand:
- Contract sizes and pips
- Leverage
- Margin Call
- Limit and Stop Orders
- Going Long and Short
- Spread
- Example of trading
7 Assessment
Here is a sample for the course completion certificate which you will receive after complete the course. This certificate is widely accepted across industries and will boost your chances to grab the job opportunities.
Mail us at: [email protected] with below details to receive your certificate:
- Name
- Course Name
- Date of Completion
- Address
