In this course, we’ll introduce you to the foreign currency market, including who participates in it and some of their reasons for doing so. You’ll also gain an understanding of the complex nature of certain trading products, as well as some of the risks investors typically face. We’ll also explore the use of margin in your account and provide you with a case study, showing how to invest in the stock of a non-domestic company listed on a foreign exchange, as well as guide you through entering an overseas trade on an online trading platform.
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By the end of this course, you should gain a broad overview of the foreign exchange market, understand certain major currency products, and acquire some practical skills that will help you to dive-in and make trades on your own.
What You Will Learn
- Explore the FX market such as its participants and motives, products, risks, margin accounts, related trading platform methods and tools.
- Acquire the skills to make stock transactions in the foreign currency market on an online trading platform
- Understand major and minor currency pairs, trading products, risks, market participants and their motives, as well as margin accounts.
Course 2 of 4 in the Practical Guide to Trading Specialization
Syllabus
WEEK 1
Trading Around the World
Acquire the skills to make stock transactions in the foreign currency market on an online trading platform Understand market mechanics, including major and minor currency pairs, trading products, risks, market participants and their motives, as well as the foreign exchange marketplace and margin accounts.
WEEK 2
Intro to FX Stock Trading
Understand how to trade shares of overseas-listed companies in foreign currencies.
WEEK 3
Entering an Overseas Trade
Acquire the skills to trade in the overseas equities markets on an online trading platform, as well as understand how to manage currency exposure.
