The Foreign Exchange Landscape- The 1st Step to Mastering FX
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The Foreign Exchange Landscape- The 1st Step to Mastering FX

The FX Landscape forms a framework or context in which we trade the OTC FX markets
3.2 (27 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,273 students enrolled
Created by Mikesh Shah
Last updated 9/2017
English
Price: Free
Includes:
  • 2.5 hours on-demand video
  • 2 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Build a basic FX arbitrage model in excel, construct a hedge and obtain a broad overview of market participants, geographic context, turnover data
View Curriculum
Requirements
  • Basic Excel would be helpful but not necessary
Description

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. 

** This course is a precursor to "Beginner to Advanced Trader - An Investment Banking Perspective", which has been created based on the feedback from the students of multiple courses.

Thanks for taking this course and hope you enjoy it!

Who is the target audience?
  • This course is for beginners to the FOREX markets or those who wish to obtain a broader understanding of the FX markets
Compare to Other Forex Courses
Curriculum For This Course
35 Lectures
02:33:17
+
The FOREX Landscape - The First Step to Mastering FX
13 Lectures 42:32

Understand the objective of why we should first study the FX landscape before deep diving into FX trading

Introduction
02:50

In this lesson we look at FX currency majors, their volumes

Trading Volumes by Currency and Currency Pair
03:29

We look at volumes by instruments - spot, outright forwards, FX swaps, options and currency swaps

Turnover by FX Instrument Types
03:18

We look at the most active trading centers to watch for the FX markets. 

Turnover by Geography
03:28

The shifts in FX market participant landscape prior to 2000 and post 2000

Market Participants - Intro
03:15

We take a look at how important Financial Institutions and Large Banks play an important role in FX price action

FX Market Participants Turnover
04:20

Financial Institutions – hedge funds, broker-dealers, central banks invest a large amount of resources to acquire information as they have much to gain or lose on exchange rate movements. Research has shown that hedge funds and commodity trading advisors appear to be the best informed amongst the financial institutions since they have strong incentives to perform.....

FX Market Participants - Financial Institutions
03:42

Construct an FX hedge that completely hedges the exposure vis a vis a hedge that saves the corporate FX dealer "embarrassment risk"

Project - FX Hedge
02:46

Corporate customers usually have treasury operations to support their business activities.

Retail traders have entered the FX markets fairly recently around the year 2000 with the advent of retail aggregators – basically internet trading platforms catered to the needs of retail investors such as FXCM and OANDA.


FX Market Participants - Corporate and Retail Investors
03:03

Algorithms generate trades rather than humans. The involvement of humans is limited to the extent of creating algorithms, tweaking parameters and performance testing. 

HFT is a subset of algorithmic trading in the sense HFT traders generate returns from high number of trades, low volumes, and small profit trades benefiting from low latency 


FX Market Participants - Algorithmic Trading
04:14

Construct a basic arbitrage model similar to the one constructed in the algo trading lecture that indicates when an arbitrage is possible

Project - Algorithmic Trading - FX Arbitrage
02:30

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 mikesh@altgmx.com

Course Coupon - The Complete Forex Course - An Investment Banking Perspective
02:34

This Bonus Lecture contains a coupon for another related course - Tradeonomics

Bonus Lecture: Tradeonomics - Course Coupon
03:03
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Basic FX Math - Introduction
6 Lectures 30:50
Exchange Rates
08:01

Direct vs Indirect Rates
02:08

Bid, Ask and Bid-Ask Spreads
05:06

Computing Cross Rates
04:08

Computing Cross Rates Using Bid, Ask
08:57

Basic FX Math - Recap
02:30
+
Technical Analysis - Basic Principles
4 Lectures 23:05
Introduction to Technical Analysis
03:42

Technical vs Fundamental Analysis
04:59

Dow Theory
05:16

Types of Charts
09:08
+
Step 1 to Fundamental Analysis - Identifying Price Determinants
7 Lectures 31:26
Cash Flows of Bond Instruments
04:08

Price Determinant of Bond Price
04:08

Economic Factors that affect Bond Instruments
03:38

Price Determinants of Stock Prices
04:48

Effect of Inflation Premium on Cash Flows
05:24

The Effect of Interest Rates on Corporate Profits
02:45

Foreign Exchange Rates and Interest Rate Differentials
06:35
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Central Bank's Monetary Policy - Basics of Banking and Money Supply
5 Lectures 25:14
31. Introduction to the Central Bank's Monetary Policy
03:29

32. Warehouse Banking
07:04

33. The Lending Innovation
06:55

34. Fractional Reserve Banking
07:28

Thank You
00:18
About the Instructor
Mikesh Shah
3.6 Average rating
41 Reviews
3,046 Students
3 Courses
Investment Banker, IT Consultant

I've completed a Bachelor of Computer Engineering and a MBA from Queen's University Canada. I've worked 8 years in the investment banking division and 11 years in Oracle Financial Services Software Ltd as an IT and banking consultant. During my stint at Oracle I've worked in various projects -  at the IMF in Washington, built trading systems at an investment bank in London for the algorithmic trading desk, implemented a complex core banking software system at banks such as Bank of Montreal, Wells Fargo.