This course aims to describe and explain the Basics of the Foreign Exchange (Forex) market. It explains the different Forex terminologies and aims to describe the Forex trading, who are the participants in the Forex market, what a currency pair is and the different advantages of the Forex market. It also aims to describe the different “Orders” and Trader’s “Positions” (i.e. short, long, open, close, etc). It also explains the main fundamental drivers of exchange rates and provides examples for them.
This course explains what the Foreign Exchange trade is. Forex is a global, international market which connects individuals, banks, and other financial institutions around the world to facilitate the exchange of currencies. It describes in summary the trading sessions and the participants in the Forex market and the different major and minor currency pairs. It also describes the different terminologies that are used in the Forex trading and explains in brief the different “Orders” and Trader’s “Positions” (i.e. short, long, open, close, etc), as well as the main fundamental drivers of exchange rates.
The course is split into the following sections:
Section 1: Forex Basics
- What is Forex?
- Trading Sessions
- Market Participants
- Currency pairs
- Other trading instruments
- Advantages of forex market
Section 2: Forex Terminology
- Pip – Pip Value – Pipette / Point
- Bid Price – Ask Price
- Spread (Ask – Bid)
- Leverage – Margin
- Margin Call – Margin Level
- Long Position – Short Position
- Bull Market – Bull market & long position
- Bear Market – Bear market & short position
- Equity, Balance, Volume, Volatility
Section 3: Orders and Positions
- Open position – Closed position – Round trip
- Trading volume
- Stop out
- Pending order
- Buy stop-Buy limit
- Sell stop-Sell limit
- Stop loss – Take profit
- CFD (Contract for Difference)
- Demo account – Real/Live account
- Rollover rate/Swap
Section 4: Forex Fundamentals
- Main Fundamental Drivers
- Demand-Push Inflation
- Demand-Pull Drivers
- Demand Surprises – Good for the Currency
- Supply Surprises – Bad for the Currency
- A bank to do everything
- Interest rates
- Monetary policy
- Why do we care? The Carry Trade
- Trade balance
- Economic growth
This course may take up to 3 hours to be completed. However, actual study time differs as each learner uses their own training pace.
The course is addressed to:
This course is addressed to all individuals who are involved in the Forex trading market such as:
- Employees in firms providing Forex trading
- Employees in Funds that invest in the Forex market
- Investment managers
- Forex dealers
- Professional and retail market participants
It is also suitable to all individuals who are interested to learn the basics of the Forex market and the Forex trading.
The course is offered fully online using a self-paced approach. The learning units consist of power point presentations and case studies. Learners may start, stop and resume their training at any time.
At the end of each section, participants take a Quiz to complete their learning unit and earn a Certificate of Completion once all quizzes have been passed successfully.
Registration and Access
To register to this course, click on the Take this course button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.
Access to the course is valid for 60 days.
If you wish to receive an invoice instead of paying online, please Contact us by email. Talk to us for our special Corporate Group rates.
Dr. Nektarios Michail has more than 8 years of experience in the financial services industry, having worked at the Central Bank of Cyprus, the Bank of Cyprus, as well as a Cyprus CIF and an investment fund. His experience has allowed him to obtain a full view of the industry, covering roles ranging from policy making to active participation in trading, investing and analysis.
Through his experience, Nektarios has obtained a hands-on experience with real-life economics, with proven success in forecasting and macroeconomic analysis. He holds a PhD in Financial Economics from Cyprus University of Technology, and his research, covering variety of topics, has been published in several academic journals, as well as featured in the leading newspapers of Cyprus. He is also the author of a book titled “Money, Credit, and Crises: Understanding the Modern Banking System”, which has been published by Palgrave-MacMillan.
He is currently employed by an Investment Fund while he is also an Adjunct Lecturer at the Cyprus University of Technology.
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