|Course Code||Course Fees||Course Duration||Duration Per Session||Total Sessions|
|IMFA-103||USD 100||10 Hours||2 Hours||5|
The objective of the course is to provide basic skills related to operate in foreign exchange market and the ways of investing in it. It will enable the student to take up investment in foreign exchange market independently.
Concept of Forex trading; Reasons to Trade Forex; Key Factors in Understanding the FX Market; Characteristics of FX Market; Market Participants
The Bretton Woods Accord; Free-floating system; The Plaza Accord; Establishment of the Euro; Internet Trading; The Latin American Debt Crisis; OPEC and the Oil Crisis of 1973; The Asian Financial Crisis of 1997
Primary and Counter Currency; Market Maker and Market Taker; Bid and Offer Rates; Middle Rate; Cross Rates; Factors affecting exchange rate fluctuations; Supply and Demand; Major Currencies (EUR/USD, USD/JPY, GBP/USD, USD/CHF) Fixed, Floating and Dirty Float
Ask Price; Bid Price; Spread; Long position; Short position; Offer; Pip; Leverage; Lot Size; Margin; Cross Rate; Exchange Rate; Margin Call
Concept of Order; Types: Market Order, Limit Entry Order, Stop Entry Order; Stop Loss Order; Trailing Stop; Good till Cancelled Order (GTC), Good for the Day Order (GFD), One Cancels the Other Order (OCO), One Triggers the Other Order (OTO)