** This course is a precursor to "Beginner to Advanced Trader - An Investment Banking Perspective", which has been created as a comprehensive course on trading based on the feedback from the students of multiple courses. The coupons for all courses is attached as a resource in the course introduction lecture.In the Foreign Exchange (FOREX) landscape course we will understand - The various currency pairs and their volumesThe turnover and importance of core trading centersVarious market participants and their importance in influencing FX price actionUnderstand the basic Math required for pricing FX transactionsBasic principles of Technical AnalysisBasic principles of Fundamental AnalysisBasic concepts of the banking system Rather than deep diving right into the intricacies of FX trading - spot, FX swaps, ... Read More »
** This course is a precursor to “Beginner to Advanced Trader – An Investment Banking Perspective”, which has been created as a comprehensive course on trading based on the feedback from the students of multiple courses.
The coupons for all courses is attached as a resource in the course introduction lecture.
In the Foreign Exchange (FOREX) landscape course we will understand –
- The various currency pairs and their volumes
- The turnover and importance of core trading centers
- Various market participants and their importance in influencing FX price action
- Understand the basic Math required for pricing FX transactions
- Basic principles of Technical Analysis
- Basic principles of Fundamental Analysis
- Basic concepts of the banking system
Rather than deep diving right into the intricacies of FX trading – spot, FX swaps, outright forwards, fundamentals, technicals, money management etc. it might be a better idea to first build on a framework or context within which we can form trading strategies. Understanding the FX Landscape will provide you with that context. By learning how the geography of trading centers, timezones, liquidity providers influence the FX spot prices understanding technical analysis and trading patterns becomes much simpler.
In addition to the theoretical aspect of trading, by the end of this course you will also get a hands on experience on how a basic hedge is performed and how a simple arbitrage is performed.
Thanks for taking this course and hope you enjoy it!Read Less
- Build a basic FX arbitrage model in excel, construct a hedge and obtain a broad overview of market participants, geographic context, turnover data
Type of Certification
Format of Certification
Method of Obtaining Certification
Mikesh Shah - Investment Banker, IT Consultant
In this lesson we look at FX currency majors, their volumes
We look at volumes by instruments - spot, outright forwards, FX swaps, options and currency swaps
We look at the most active trading centers to watch for the FX markets.
The shifts in FX market participant landscape prior to 2000 and post 2000
We take a look at how important Financial Institutions and Large Banks play an important role in FX price action
FinancialInstitutions – hedge funds, broker-dealers, central banks invest alarge amount of resources to acquire information as they have much togain or lose on exchange rate movements. Research has shown thathedge funds and commodity trading advisors appear to be the bestinformed amongst the financial institutions since they have strongincentives to perform.....
Construct an FX hedge that completely hedges the exposure vis a vis a hedge that saves the corporate FX dealer "embarrassment risk"
Corporatecustomers usually have treasury operations to support their businessactivities.
Retailtraders have entered the FX markets fairly recently around the year2000 with the advent of retail aggregators – basically internettrading platforms catered to the needs of retail investors such asFXCM and OANDA.
Algorithmsgenerate trades rather than humans. The involvement of humans islimited to the extent of creating algorithms, tweaking parameters andperformance testing.
HFTis a subset of algorithmic trading in the sense HFT traders generatereturns from high number of trades, low volumes, and small profittrades benefiting from low latency
Construct a basic arbitrage model similar to the one constructed in the algo trading lecture that indicates when an arbitrage is possible
Learn by Gaming, FX Math, Transaction Lifecycle, Technicals, Fundamentals, Central Bank Monetary Policy.
Course coupons in the Resources section
Any issues you can write to me at firstname.lastname@example.org
This Bonus Lecture contains a coupon for another related course - Tradeonomics