What you'll learn

Currency Trading and Facts

Currency Contract Parameters, Direct Vs Indirect Quote, What is Spread, Various Types of Currency Contract

Currency Risk and Mitigation

FWD Premium and Dis. Calculation

Requirements

Computer with a good internet connection

Description

Currency Trading is done in Foreign Exchange Market. Currency plays an important role in every part of the world as it is required to conduct foreign trade and businesses. Through Foreign Exchange Market there are many participants who buy, sell and exchange currencies i.e. trillions of dollars. Currency Trading takes place between different countries in order to conduct smooth foreign trade transactions.In this educba’s course on Currency Trading you will be learning about Forex and Currency Trading basics, how currencies are quoted, bought and sold. Nationals buy and sell currency, you will be also learning about direct-indirect quotes, bid-offer spread, and market makers. The course will also highlight about various types of currency trading contracts i.e. cash, TOM, spot, forwards, swaps and also about how the risk is managed and how the same is defused.The markets revolve around how many traders make money and how many lose it. Most estimates find that 90% of traders lose money, and close to 10% of the traders make profits. If you want to join the select club, be assured that there is no single magic bullet or foolproof method, though some traders rush in where most fear to tread. If you understand the key to trading, it will help you to get on the right path. Currency exchange trading goals need to be established from the start if you want to climb to the top rung. But the ladder to success involves many steps. So, let’s start the journey towards trading well and (most importantly) profitably.

Overview

Section 1: Currency Trading Introduction and Facts

Lecture 1 Currency Trading Basics

Lecture 2 Currency Contract Parameters

Section 2: Currency Contract Parameters

Lecture 3 Direct Vs Indirect Quote

Lecture 4 What is Spread

Lecture 5 Various Types of Currency Contract

Lecture 6 What is FWD Premium

Lecture 7 FWD Premium and Dis. Calculation

Section 3: Currency Risk and Mitigation

Lecture 8 What is Currency Risk

Lecture 9 More on Currency Risk

Lecture 10 Mitigating Currency Risk

Professional traders, Students, Brokers and Sub- brokers Retail traders