Foreign Exchange Market Diploma

Diploma in Foreign Exchange Market - Level 3

Foreign exchange market refers to the market that allows participants to buy, sell and exchange currencies. It is a common form of investment followed many organisations in the current world to magnify profits and gains. However, making profits in this market is not that simple, as one has to have extensive knowledge and skills on the market to make accurate predictions and decisions. Therefore, South London College has brought this Diploma in Foreign Exchange Market – Level 3 to help you understand the forex market as a whole and how it works.

This comprehensive course will provide a clear understanding on the concepts of economic globalization and its role in foreign exchange market. You will learn about derivatives futures, options and swaps and the participants of the market. This course will also discuss on how supply and demand impacts forecasting and foreign exchange rates, making it a perfect course for accounting professionals, foreign exchange salespeople, business consultants, financial analysts and investors.

The fundamentals of the forex market will be duly covered, along with an insight into currency risk and other risks pertaining to the market. The effects on money stock, money market liquidity and other essential topics on the market will also be adequately presented through this course. By the end of this course, you will have a well-grounded knowledge on forex market to make substantial progress in a related industry.

The course has been endorsed under the Quality Licence Scheme. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 2 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Imperial Learning Limited* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications.

The Quality Licence Scheme endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

Please Note: This Course is Based on USA Standards

Eligible for TOTUM card - TOTUM is the #1 student discount card and app giving you access to exclusive student deals on food and fashion, tech and travel and everything in between.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

Certificate of completion

Digital certificate - Included

What Will I Learn?

• Gain a clear understanding of the concepts of economic globalization.
• Understand how supply and demand impacts forecasting and foreign exchange rates.
• Learn about foreign exchange market participants.
• Gain an understanding of the fundamentals of the foreign exchange market.
• Gain an academic qualification and advance in your educational learning.

COURSE CURRICULUM

★ MODULE 01 : Foreign Exchange Market An Introduction

• The foreign exchange market in a nutshell
• Organizational structure of the forex market
• Monetary unit
• Foreign exchange and bank deposits
• International spot rate quotation conventions
• Two-way spot prices
• Spread
• Cross rates
• Foreign exchange risk : appreciation and depreciation
• Spot and derivative forex markets
• Why exchange rates are important

★ MODULE 02 : Derivatives Forwards

• Introduction
• Derivatives markets
• Definition of a forward
• Types of forwards
• Outright forward foreign exchange contracts : functions and pricing
• Principle of interest rate parity and the pricing of forward contracts
• Example of arbitrage opportunity in the forward market
• Forward exchange market

★ MODULE 03 : Derivatives Futures, Options & Swaps

• Currency futures

★ MODULE 04 : Risks Other Than Currency Risk & Other Risk Management Tools

• Risks other than currency risk in investments
• Availability and reliability of information

★ MODULE 05 : Participants

• Authorized dealer banks
• Foreign exchange brokers
• Foreign banks
• Central bank
• Buyer and seller of foreign exchange
• The desired level of reserves
• Brief overview of reserve management
• Reserve management in Local Country
• Administrator of exchange controls
• Government
• Retail clients
• Non-bank authorized dealers
• Corporate sector
• Arbitrageurs
• Speculators

★ MODULE 06 : Effect On Money Stock & Money Market Liquidity

• Money identity
• Money market identity
• Significance of the liquidity shortage
• A concept of bank liquidity : net excess reserves
• Purchases and sales of forex, M3 and the liquidity shortage
• Central bank borrowing of forex
• Central bank sells forex to the dealing banks
• Importers pay for goods imported
• The dynamics underlying changes in NFA
• Forward market operations of the central bank
• Forex swaps by the central bank

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

In order to complete the Diploma in Foreign Exchange Market - Level 3 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.

Certification

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Course Code: QLS-04458

Awarding Body (Accreditation)

The Quality Licence Scheme has long-established reputations for providing high quality vocational qualifications across a wide range of industries. The Quality Licence Scheme combines over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, The Quality Licence Scheme also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

• Accounting Professionals, Financial Professionals
• Foreign Exchange salespersons
• Business Consultants
• Financial Analysts
• Anyone who is looking to gain a knowledge and skills in Foreign Exchange Market.

• Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
• A qualification at level 2 or above in any discipline.

• Accounting Manager - £31,357 per annum
• Business Consultant – £38,159 per annum
• Financial Analyst – £30,998 per annum
• Financial Controller – £47,040 per annum

Currently there are no Q&As for this course. Be the first to ask a question.