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During the two-day training, you will explore the world of foreign exchange, study its market players and learn the specifics of FX products. We will start with the history of money, discuss the features of modern FX markets and its drivers and conclude with various FX derivative products that are available to investors.
There are no prerequisites for this course – even though some basic understanding of financial markets would be helpful, it is not required.
- Gain a solid understanding of foreign exchange markets, its major players and various FX products.
- Learn how to exploit the interest rate differential between two countries (and how it can be a bad idea to do so).
- Appreciate the impact of macroeconomic drivers on FX markets.
- Find out whether a strong or a weak currency is better for the country and its people.
- Understand what are currency wars and why governments engage in them.
- Explore why gold is considered a currency and why bitcoin may not be.
- Recognize how geopolitics impact global FX rates.
- Be able to explain how countries manage their currencies and analyze the effectiveness of each method.
- Identify how international corporations hedge their FX risk and learn the benefits and limitations of different strategies.
- Apply the theories of FX rate determination.
- Private traders and investors, looking to learn about currency markets.
- Professionals within the financial industry or those providing services to the financial sector.
- Professionals in non-financial industries performing financial functions, such as corporate treasury, accounting, and investor relations.
- Students, preparing for an upcoming internship or starting their careers in finance.
- Anyone working in or looking to understand FX markets.
- Active trader specializing in Equity Derivatives and Volatility trading.
- Former Goldman Sachs Quantitative Analyst.
- Working in finance since 2008.
- Professional career includes Nomura, Bloomberg and Goldman Sachs.
- Cross asset-class experience covering Equities, Fixed Income, FX and Commodities.
- Teaching financial courses since 2013.
- Holds Masters of Engineering from Imperial College London.
- Holds Masters of Science in Mathematical Finance from University of Oxford.
History and Key Functions of Money:
- Key requirements for a currency.
- The gold standard.
- Fiat currency.
- US Dollar.
- The Euro.
Overview of Key Macroeconomic Concepts:
- GDP and economic growth.
- Inflation and deflation.
- Fiat currency.
- Current accounts and the balance of payments.
- Central Banks and the Federal Reserve.
Foreign Exchange Markets:
- Exchange rate definitions.
- Mechanics and conventions.
- G10 and Emerging Market currencies.
- Floating and fixed currencies.
- Managed currency regimes.
- Spot and forward rates.
- Nominal, real and effective exchange rates.
- Carry trade.
Interest Rates and Inflation:
- Central Bank rates.
- Interest rate expectations.
- LIBOR and EURIBOR.
- Nominal vs. Real interest rates.
- Interest Rate Parity.
- Breakeven inflation.
FX Rate Determination:
- Purchasing power parity (PPP) theory.
- Absolute and relative PPP.
- Interest rate differential.
- Monetary models and domestic interest rate levels.
Factors Influencing FX Rates:
- Imports and exports.
- Commodities and oil.
- Geopolitics and their effect.
- Impact of interest rates.
Overview of World Currencies:
- US Dollar and the DXY Index.
- The Euro experiment.
- Impact of Brexit on the British Pound.
- Strength of the Japanese Yen and the Swiss Franc.
- Commodity currencies.
- Bitcoin and cryptocurrencies.
- Why gold and silver considered currencies?
Overview of FX Derivatives:
- FX forwards and futures.
- Non-deliverable forward (NDF).
- FX options.
- Forward extra.
- Delayed premium options.
Class size:20 students
- Formal completion certificate.
- Course notes and materials.
- Follow-up support – ability to ask questions and seek further clarification, if needed.
- 20% OFF any future courses you wish to attend.
At the moment, we are planning for all of our training courses starting with September 2020 to go ahead in a physical location in Central London.
In case if circumstances change and we won’t be able to deliver the course in a classroom setting, we will deliver it virtually online via Zoom.
If this happens, we will get in touch and ask if you would like to go-ahead and attend the course virtually or if you prefer to cancel for a full refund.
We accept all major credit and debit cards, and PayPal.
You will receive this by email after completion of any of our classes.
You can cancel your booking and receive a full refund up to one month in advance of the course start date.
If you made a booking for a seminar that starts in less than one month, you can cancel for a full refund within the 14 days of making the booking.
In case if we are unable to deliver a course in a physical classroom and had to move it online due to COVID-19, you can also cancel and request a full refund if you don’t want to attend the course virtually.
There are no prerequisites for this course – even though some basic understanding of financial markets would be helpful, it is not required!
Trading profitably and consistently is not trivial, and like with any other skill, it requires a lot of studying, hard-work, dedication and persistence in order to master.
Our “Foreign Exchange Markets” training course is an excellent starting point, but definitely not sufficient in order to start trading FX markets profitably.