- What is the foreign exchange?
- Why is foreign exchange important to us?
- Foreign exchange is an OTC Market (Over the Counter)
- What is the foreign exchange market?
- Foreign exchange as a financial market
- Market Participants
Online
₹ 1,999
Quick facts
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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Course overview
The financial market of the world is huge but only a limited number of people are able to go further than just being employed in it. VSkills' Certified Foreign Exchange Professionals don’t just have the opportunity to get employed in it as one of the most in-demand skilled people but also to gain higher levels.
The certification programme introduces the candidates to many parts of the industry including the most important ones like the treasury department, foreign exchange of banks, macroeconomic parameters, and even risk management. With these skills, candidates will have employment opportunities in various sectors of the finance market including banks and treasury departments.
From this certification programme, applicants will learn the strategies of foreign exchange trading and valuable insights into the process. It has been designed to provide support to all the students and help them in all of their doubts and complexities of the market.
The highlights
- Government Certification
- Learning access for a lifetime
- Lifelong certificate validity
- Online exams
- Certificate provided by Vskills
Program offerings
- Online exams
- Practice tests
- Tutorials
- Sample questions
Course and certificate fees
Fees information
The candidates who are willing to pursue this programme have to make a fee payment of Rs. 1,999.
Certified Foreign Exchange Professionals Programme Fees Details
certificate availability
certificate providing authority
Eligibility criteria
Certification Qualifying Details
To qualify for the certificate, candidates have to pass the final exam if Foreign Exchange Professional by scoring a minimum of 50% in a 60-minute exam of a total of 50 marks.
What you will learn
Candidates will have a strong understanding of the following concepts after the programme comes to an end. They are as follows:
- They will learn what risk they face during exchanges.
- They will learn the whole theory behind Foreign Exchanges and its basics.
- They will learn how foreign exchange markets and currency markets work.
- They will gain insights into the treasury department.
- They will be trained for technical and fundamental analysis.
Who it is for
This course is perfect for employees of various finance departments, be it banks or MNCs, professors of finance, owners of small import-export firms, company managers, and students looking to find employment in the industry.
Admission details
After the admission into the programme, candidates will receive both online and hard copy study material to prepare for the exam.
Filling the form
Participants have to follow the below-mentioned steps to proceed with admissions:
Step 1: The candidate has to visit the official website of the programme.
Step 2: Candidates will then press on the Buy Now icon to participate.
Step 3: They will then need to register on the website.
Step 4: After that, they will then give in their bank account details.
Step 5: Once they are through that, they will choose how to make payment for the course.
Step 6: Finally, they will confirm their order and pay the fees for the course.
The syllabus
Introduction
History of Foreign exchange
- Gold Standard
- Main Stages of Recent Foreign Exchange Development
- Important landmarks of Currency Markets
Foreign Exchange Basics
- Rates of Exchange
- Primary and Counter Currency
- Market Maker and Market Taker
- Bid/Offer Rate
- Middle Rate
- Cross Rates
- Factors affecting exchange rate fluctuations
- Supply and demand
- The Balance of Payments
- Confidence and speculation
- Central bank intervention
- Exchange Control
- Interest rate differentials
- Leads and Lags
- Hot Money
- Major Currencies
- Fixed, Floating and Dirty Float
- Trading Terminology
Foreign exchange risks
- Effect of fluctuations in exchange rates: exposure and foreign exchange risk
- Exchange Rate Risk
- Interest Rate Risk
- Credit Risk
- Country Risk
- How to manage your risk
Kinds of Foreign Exchange Market
- Spot Market
- Forwards Market
- Currency Forward Swaps
- Futures Market
- Strategies using Currency Futures
- Hedging using Currency Futures
- Speculation in Currency Futures
- Currency Options
Currency markets in India
- Product Specification
- Uses of Currency Futures at NSE
- Membership
- Clearing, Settlement and Risk Management
Fundamental Analysis
- Economic Fundamentals: Theories of Exchange Rate Determination
- Economic Indicators
- Financial and Sociopolitical Factors
Technical Analysis
- The Fundamentals of Technical Analysis
- Types of charts
- Trends, Support and Resistance
- Trend Reversal Patterns
- Trend Continuation Patterns
- Gaps
- Fibonacci Analysis and Elliott Waves Theory
- The Elliott Waves
Treasury
- Role of Treasury
- Front Office
- Back Office
- Credit Control
- Investment Bank
- Largest Full Service Investment Banks that hire Foreign Exchange Traders and Analyst
Evaluation process
The exam for this certificate will be online thus allowing the student to choose the place and time according to their comfort. The exam will have 50 marks in total and will be an hour long. To pass the exam, candidates need to achieve at least 50% in the exam, which will be 25 marks. The exam will not have negative marking though.
How it helps
The certificate of VSkills is recognised by many companies and even some banks. The certification is guaranteed to open up employment opportunities for all of the candidates. It gives them the most sought after skill set and clear understanding of topics like macroeconomic parameters, trading, treasury department, risk management, and even some of the practical aspects of Foreign Exchange.
The employment scope of Foreign Exchange Professionals is very high in sectors like currency trading and research, foreign exchange deposits, and even banks. After the certificate is achieved, candidates will have a chance at finding jobs in firms and companies like Goldman Sachs, HDFC Bank, Blackrock, JP Morgan, HSBC, and many more.
FAQs
Candidates are first required to register for their Interested course. After that, they will receive both online and offline study materials from VSkills. Once they have prepared for it, they can give the exam and receive the certificates.
The final certification exam will be an hour long. There will be a total of 50 questions and the passing mark is 50%. Exams will be conducted online and there will be no negative marking.
Foreign Exchange Professionals certified from VSkills will find jobs in exchange firms, corporate treasuries, and retail banks dealing with NRI customers and banks that are involved in the trade of currency and research.
HDFC Bank, HSBC, Blackrock, Thomas Cook India, JP Morgan, Jefferies, Goldman Sachs, and many others are major banks that hire Foreign Exchange Professionals.
The certificate is government approved and with access to e-learning for the lifetime of the candidates. The certification is valid for life. Candidates can get tagged as VSkills certified on both MonsterIndia.com and Shine.com.