The Foreign Exchange Landscape- The 1st Step to Mastering FX
3.3 (26 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.
2,142 students enrolled
Wishlisted Wishlist

Please confirm that you want to add The Foreign Exchange Landscape- The 1st Step to Mastering FX to your Wishlist.

Add to Wishlist

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

Understand the FOREX landscape before diving right into the construction of trades, price movements, fundamentals etc
3.3 (26 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.
2,142 students enrolled
Created by Mikesh Shah
Last updated 12/2016
English
Price: Free
Includes:
  • 36 mins on-demand video
  • 2 Articles
  • 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

The Foreign Exchange (FOREX) landscape encompasses -

  • 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

Rather than 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 "The Complete FOREX Trading Course - An Investment Banking Perspective", which can be created based on the feedback from the students of this course.

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
Students Who Viewed This Course Also Viewed
Curriculum For This Course
+
The FOREX Landscape - The First Step to Mastering FX
13 Lectures 36:38

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

Introduction
01:54

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

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

Bonus Lecture: Tradeonomics - Course Coupon
00:12

Thank You
00:27
About the Instructor
Mikesh Shah
3.4 Average rating
40 Reviews
2,913 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.