概要

This eCourse consists of two modules. Module 1 looks at the buying and selling of currencies, the means by which currencies are traded, and how trades are actually transacted in the market. The module also describes the positions that traders may take in currencies, the constraints that may be applied to those positions, and how the profit/loss on those positions is calculated.

A forward FX contract is simple a transaction agreed today that allows for the exchange of two currencies at a pre-specified settlement date in the future at a present exchange rate. Module 2 describes these contracts, their relationship with the money markets, and the different forms they take. The module also explores different settlement dates and how the market handles public holidays.

宗旨

On completion of this course, you will be able to:
- Determine which party buys and sells the base currency at the bid and ask rates
- Interpret an electronic trading screen
- Recognise the typical dealing room terminology
- Recognise how to run and square an FX trading position
- Identify the reasons a trader may employ a stop-loss order
- List and define the different periods used in the forwards market
- Explain the terms "premium" and "discount" and their relationship to interest rates
- Describe the basic characteristics of the forward FX market

內容

Module 1: FX Spot Market - Trading
Topic 1: Spot Market Overview
Topic 2: Mechanics of Spot Trading
Topic 3: Electronic Trading
Topic 4: Voice / Telephone Trading
Topic 5: Managing Spot Positions
Topic 6: Stop-Loss Orders

Module 2: FX Forward Market - An Introduction
Topic 1: Forward FX
Topic 2: Swap Points
Topic 3: Forward Value Dates