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Exploring the Essential Features of “Guy O’Loughnane – Spot Foreign Exchange – CFI Education”
Spot Foreign Exchange
Get the facts about Spot Foreign Exchange by exploring the risks and methods of trading spot FX. Taught by an experienced FX trader, who’ll teach you the market strategies to make you succeed.
- Demystify how to identify various currencies and how the markets quote FX prices
- Learn how to calculate cross-rates, indirect and direct prices
- Study the different market strategies used by professional FX traders
Overview
Spot Foreign Exchange Course Overview
This introductory course on foreign exchange (FX), focusing on spot foreign exchange, covers the fundamental knowledge you need to know about the FX markets. You will learn about currency conventions, the trade mechanics of FX, how to quote bid/offer rates and calculate cross rates, and various strategies and risks associated with trading FX. At the end of this course, you will be given supplemental exercises and questions to apply what you have learned in the course.
Spot Foreign Exchange Learning Objectives
Upon completing this course, you will be able to:
- Learn how to identify foreign exchange currency codes and currency pair ordering
- Identify and understand the difference between direct and indirect quotes
- Calculate foreign exchange cross rates
- Understand the foreign exchange settlement process
- Understand the various risks associated with the foreign exchange market
- Employ various market strategies to enhance market returns and reduce market risks
Who should take this course?
This introductory foreign exchange course is perfect for anyone who would like to build up their understanding of capital markets, focusing on the foreign exchange markets. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales, trading, or other areas of finance with the fundamental knowledge of foreign exchange.
What you’ll learn
Course Introduction
Course Introduction
Learning Objectives
Downloadable Files
Currency Conventions
Currency Conventions
Currency Priorities
Different Groups of FX Currencies
Significant Figures
Market Quotes
Direct vs. Indirect Quotes
Settlement
Interactive Exercise 1
Trade Mechanics
Trade Mechanics
Foreign Exchange Cash Flows
Foreign Exchange Quote – Example
Hitting the Correct Side – Question & Answer
Execution – Example
Quotation Types
Price Holding
Market Maker Obligations
Interactive Exercise 2
Cross Rates
Cross Rates
Cross Rates Explanation
Cross Rates – Example 1
How to Check
Cross Rates – Example 2
Balance Check 1 (Question & Answer)
Cross Rates – Example 3
Balance Check 2 (Question & Answer)
Refinitiv Workspace Cross Rates
Triangular Arbitrage
Bid Offer Spread
Triangular Arbitrage – Question
Triangular Arbitrage – Answer
Interactive Exercise 3
Trading Spot FX
Midway Video
Trading Strategies
Market Risks
Open vs. Square Position
Net Open Position
Hard vs. Soft Limit
Position Limits
Loss Limits
Profit and Loss – Example
Average Rate and Profit and Loss
Interactive Exercise 4
Mark to Market
Event Risk
Foreign Exchange Orders
Order Types – Take Profit and Stop-Loss
Order Types – One-Cancels-the-Other (OCO)
Downloadable Files
Track P&L – Excel Demo
Trade Blotter Walkthrough
Track P&L Exercise (Extra)
Case Study (Supplemental Questions)
Course Summary
Qualified Assessment
Qualified Assessment
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