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Basic Certificate Course in Forex

Course Code Course Fees Course Duration Duration Per Session Total Sessions
IMFA-103 USD 100 10 Hours 2 Hours 5

Course Objectives

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.

Unit I: Introduction to Forex Trading

Concept of Forex trading; Reasons to Trade Forex; Key Factors in Understanding the FX Market; Characteristics of FX Market; Market Participants

Unit II: History of FX

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

Unit III: Forex Basics

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

Unit IV: Trading Terminology

Ask Price; Bid Price; Spread; Long position; Short position; Offer; Pip; Leverage; Lot Size; Margin; Cross Rate; Exchange Rate; Margin Call

Unit V: Order and its Types

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)