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Global Forex Markets for beginners: Hands-on training
Rating: 4.5 out of 5(27 ratings)
1,716 students
Created byICMI LEARNING
Last updated 8/2025
English

What you'll learn

  • Examine how the Global Forex market works and how economic factors, commodities, and interest rates move currency values
  • Getting Started in Forex
  • Learn the fundamentals of market forces
  • Trading in FX Markets
  • Quoting Methodology
  • Quotation used to measure cross rates
  • Cross rates
  • The relationship between currency pairs
  • The FX Global Code of Conduct
  • FX Market Conventions

Course content

1 section • 15 lectures • 35m total length

  • Introduction : Global FX Market3:25

    This is about the basics of the foreign exchange market, also known as the forex market. The forex market is the largest financial market in the world, with daily transactions worth trillions of dollars. It operates 24 hours a day, seven days a week, and allows for the exchange of one currency for another.

  • Trading in the FX Market2:52

    This video provides information about Nostro and Vostro accounts and the foreign exchange market. The content also lists the most popular currencies in the forex market, including the US dollar, the euro, the Japanese yen, the British pound, and the Australian dollar, among others. Additionally, the content mentions that forex transactions are always quoted in pairs and lists the five major currency pairs and their OTC turnovers in 2019. The information in this content can help individuals understand the basics of the foreign exchange market and the role of Nostro and Vostro accounts in facilitating international transactions.

  • Quoting Methodology1:51

    A student will learn about currency exchange rates and how to interpret them using a specific example of EUR/USD. About the base currency and the quoted currency. The student will also learn about how to calculate the amount received in a different currency by multiplying the amount in the original currency with the exchange rate.

  • Quoting Methodology : Practical Exercise2:26
  • Some other FX Market Quotes1:56
  • Others : Practical Exercises3:28
  • Quotation used to Measure Cross Rates1:53

    You will learn about

    • What is a direct currency quote?

    • What is an indirect currency quote?

    • What is a cross rate?

  • Cross Rates : Practical Exercises1:51

    In this lecture, a practical example of a cross rate is explained.

  • The Relationship between Currency Pairs2:37

    In this lecture, we'll cover the key factors affecting currency pair relationships in forex, including interest rates, trade volume, trade balances, stability, central bank policies, political news, and IRP. IRP is a key concept connecting interest rates, exchange rates, and ensuring equal returns on multi-currency investments. A concise overview of IRP equation will also be provided.

  • The FX Global code of conduct0:59

    This lecture will cover the FX Global Code of Conduct, its use, and its purpose.

  • FX Market Convention2:11

    In this lecture, we will cover the FX Market Conventions, including the most basic FX transaction, the Spot trade. Exceptions in spot trade. The lecture will also include exercises to determine the spot date for trades, based on the spot trade convention for each currency pair.

  • FX Market Conventions : Practical Exercises2:11
  • Conventions for Forward Trades3:10

    In this lecture, you will learn, what forward contracts are in FX.

  • Holiday Trading Conventions3:38

    This lecture explains the holiday trading convention in the foreign exchange (FX) market. You will learn how public holidays can impact the settlement date of currency trade and how different currencies have different conventions. The lecture emphasizes the importance of being aware of these market conventions before initiating a trade.

  • Request for feedback: Your thoughts on the course progress so far0:50

Requirements

  • No prior knowledge is required. We will start from basics.

Description

Global Foreign Exchange Market for beginners: Hands-on Training

Dive Into the World of Currency Market with "Global Foreign Exchange Market for Beginners: Hands-on Training" on Udemy!

Welcome to your first step into the dynamic and expansive world of the foreign exchange market (forex or FX) - the planet's most vast financial arena. Whether you're new to market or looking to diversify your investment portfolio, our course is your comprehensive guide to mastering the intricacies of forex trading.

Why Forex?

  • The Largest Financial Market: Discover the unparalleled scale of the forex market, where the volume, liquidity, and value dwarf those of traditional stock exchanges.

  • Operates 24/5: Learn to navigate a market that never sleeps, offering trading opportunities around the clock from Monday to Friday.

  • Decentralized Marketplace: Understand the over-the-counter (OTC) nature of forex trading, managed by a global network of banks and financial institutions, making it a unique investment landscape.

  • Accessible to Everyone: Whether you're trading from home or office, forex offers a level playing field for individual traders and institutions alike.

Course Highlights:

  • Foundational Forex Knowledge: Start with the basics of forex trading, including understanding currency pairs, exchange rates, and the factors that influence them.

  • Hands-On Training: Engage in practical, hands-on exercises with guidance from seasoned forex professionals.

  • Market Analysis Techniques: Master the art of market analysis to make informed decisions. 

  • Risk Management: Learn how to effectively manage risk and protect your investments in the volatile world of forex trading.

Why Choose This Course?

  • No Prior Experience Needed: This course is designed with beginners in mind. No prior knowledge of forex market is required.

  • Learn from Experts: Benefit from the expertise of instructors with years of experience in the forex market.

  • Flexibility: Study at your own pace, from anywhere in the world, with access to course materials 24/7.

Embark on a journey that could redefine your understanding of the financial markets and open up new investment opportunities. This course is your first step towards becoming a savvy forex trader.

Don't wait to take control of your financial future. Enroll today and step into the exciting world of forex market!


Who this course is for:

  • This course is designed for beginner in the Forex market.

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