Free preview

Overview

Spot Foreign Exchange Course Overview

This introductory course on foreign exchange (FX), focusing on spot foreign exchange, covers the fundamental knowledge you need to know about the FX markets. You will learn about currency conventions, the trade mechanics of FX, how to quote bid/offer rates and calculate cross rates, and various strategies and risks associated with trading FX. At the end of this course, you will be given supplemental exercises and questions to apply what you have learned in the course.

Spot Foreign Exchange Learning Objectives

Upon completing this course, you will be able to:

Learn how to identify foreign exchange currency codes and currency pair ordering
Identify and understand the difference between direct and indirect quotes
Calculate foreign exchange cross rates
Understand the foreign exchange settlement process
Understand the various risks associated with the foreign exchange market
Employ various market strategies to enhance market returns and reduce market risks

Who should take this course?

This introductory foreign exchange course is perfect for anyone who would like to build up their understanding of capital markets, focusing on the foreign exchange markets. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales, trading, or other areas of finance with the fundamental knowledge of foreign exchange.

Spot Foreign Exchange

Led by Guy O'Loughnane

Get Started

Level 2

Approx 2.5h to complete

100% online and self-paced

Get Recognized With CFI

See All Certification Programs

What you'll learn

Lesson

Multimedia

Exams

Files

Course Introduction

Course Introduction Free Preview

Learning Objectives Free Preview

Downloadable Files

Currency Conventions

Currency Conventions Free Preview

Currency Priorities Free Preview

Different Groups of FX Currencies Free Preview

Significant Figures

Market Quotes

Direct vs. Indirect Quotes

Settlement

Interactive Exercise 1

Trade Mechanics

Foreign Exchange Cash Flows

Foreign Exchange Quote - Example

Hitting the Correct Side - Question & Answer

Execution - Example

Quotation Types

Price Holding

Market Maker Obligations

Interactive Exercise 2

Cross Rates

Cross Rates Explanation

Cross Rates - Example 1

How to Check

Cross Rates - Example 2

Balance Check 1 (Question & Answer)

Cross Rates - Example 3

Balance Check 2 (Question & Answer)

Refinitiv Workspace Cross Rates

Triangular Arbitrage

Bid Offer Spread

Triangular Arbitrage - Question

Triangular Arbitrage - Answer

Interactive Exercise 3

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

All Capital Markets & Securities Analyst (CMSA)® Courses

Spot Foreign Exchange is part of the Capital Markets & Securities Analyst (CMSA)® certification, which includes 42 courses.

Skills Learned Trading strategies used in the finance and capital markets
Career Prep Work in capital markets, whether on the buy-side or the sell-side

Learn More

Financial Planning & Wealth Management (FPWM)™ Certification

Spot Foreign Exchange is part of the Financial Planning & Wealth Management (FPWM)™ certification, which includes 28 courses.

Skills Learned Financial Learning, Business Development, Investment Management, Practice Management, Relationship Management
Career Prep Financial Planner, Investment Advisor, Portfolio Manager

Learn More

What our students say

Well Structured
The training material is well structured to keep focus and captivate the information.

Juandre Strauss

Some question in the exam might not correct
The question about "A bank quotes GBP/USD at 1.5436-40. If a trader wishes to buy USD, what is the correct quote to consider?" might not have the correct answer. Please review.

Minh Nguyen

I enjoyed every bit of the course

Gregory Osaro Asemota

Challenging but important
Challenging but important

Kassahun Kumalo

Perfect
Perfect blend of information through example.

Shyashree Chatterjee

CMSA Course
Overall presentation so good

Bartholomew Wilson Mombanya

make the course more beginner friendly

lemmi lemma lejisa

Fun and Engaging
Informative, fun and engaging.

Tharindu Nalaka

Great learning experience
Great explanation and informative content overall ! The material is well covered by the instructors and the courses are interesting and beneficial !

Karim El Anouti

Amazing Course to Take
It's fun to learn and enhance my knowledge especially about new things i haven't learn so much on it

Arvin winatha

Better Than the Former Foreign Exchange Course
I found this course to be interesting and engaging. I think CFI could enhance this course by fixing an error on page 42 of the course presentation pdf.

Nicholas Smith

a little bit confusing
the excel part is not clearly shown, some how it is blurred and try to make it clear. in fact i am not sure whether it is my network or video player compatibility. i wish, i get this course in more advanced way.

Mulu berhe

AWESOME
For anyone interested in fx , it's ideal course.

Donald Patrick Okumu Ringa

Interesting
Learned a lot about the FX Market

Powell Alexander

Insightful Comprehensive and Comprehensible
The course is amazingly structured. The instructor takes one through all the aspects. The practical part of the course is a fun session

Sakshi Juvekar

Best decision I've made to complement what I'm learning in my Master's program. Finance now makes alot more practical sense thanks to CFI!!

Rodrick Tennant

excellent course material and structure
very brief and informative

ALEMMBOM PERRY-BRIGHT LOHBAN

Keep reading and capturing the main points
Dear learners, I would like to suggest you to read more and give due attention to the instructor's lectures.

Atinafu Asefa

Valuable forex experience
I ma glad I am able to interpret the basic forex operations after taking this course.

VICTOR KAKANU

A certified girl
Thank you CFI for a great course

Zanele Stokwe

Spot Foreign Exchange
Made me understand FX well

Joseph Barasa

Spot Foreign Exchange
Excellent course with relevant content and excellent delivery. Highly recommend.

Carlos Fernandes

Great Course
Insightful course on understanding foreign exchange

Desire Matabane

The best CFI course so far!
The best CFI course so far! I really liked the exercises and real-world examples.

Konstantinos Lekkas

great course
great introduction into FX

Niklas Doehn

Fx spot Fundamentals
Good course and learning experience

Aravind Mantripragada

One of the best course
The course in concise, engaging and to the point

Anuj Kaundal

Nice course!
It brings a basic understanding of spot FX trading in a completely concise & comprehensive materials.

Reri Nandar Munazat

Good, But the concept of cross currency needs more detail
Needs some details and exercises on the cross rates and triangular arbitrage.

Dorivaldo Teixeira

Great
Great course to understand Foreign Exchange Markets

Manoj Kumar P

Very good learning experience
in detail courses, lesson flows well, good study material

Juan Pace

Good foundation is vital
I am a forex retail trader and I though I knew everything about forex, but after taking this course, I realized that I didn't have a good foundation. I now have one through his course

Thabo Mailula

Great!
The course covered all the material I was expecting

Olia Sterjo

It was quite comprehensive
clear and concise. Filled in a lot of gaps.up till now I have been reading disjointed articles, now there is order.

Veronica Nantege Njuba

Important Tool in Understanding Fx Market
A relatively difficult subject presented in an easy to understand manner and on what really happen in actual practice.

Love Manigsaca

Quite extensive
Thank you for such an enlightening course. A structured approach that made it easier to understand.

Macdonald Ossuetta

A good course of FX to the beginners
This course is a good introductory course of foreign exchange for all the beginner. The course content starts from the beginning level to the operation level. Great .

Kwong Sang Yeung

Frequently asked questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.

Spot Foreign Exchange

Spot Foreign Exchange Course Overview

Spot Foreign Exchange Learning Objectives

Who should take this course?

Spot Foreign Exchange

Get Recognized With CFI

What you'll learn

This Course is Part of the Following Programs

What our students say

Juandre Strauss

Minh Nguyen

Gregory Osaro Asemota

Kassahun Kumalo

Shyashree Chatterjee

Bartholomew Wilson Mombanya

lemmi lemma lejisa

Tharindu Nalaka

Karim El Anouti

Arvin winatha

Nicholas Smith

Mulu berhe

Donald Patrick Okumu Ringa

Powell Alexander

Sakshi Juvekar

Rodrick Tennant

ALEMMBOM PERRY-BRIGHT LOHBAN

Atinafu Asefa

VICTOR KAKANU

Zanele Stokwe

Joseph Barasa

Carlos Fernandes

Desire Matabane

Konstantinos Lekkas

Niklas Doehn

Aravind Mantripragada

Anuj Kaundal

Reri Nandar Munazat

Dorivaldo Teixeira

Manoj Kumar P

Juan Pace

Thabo Mailula

Olia Sterjo

Veronica Nantege Njuba

Love Manigsaca

Macdonald Ossuetta

Kwong Sang Yeung

Kwong Sang Yeung

Frequently asked questions

Get certified for Capital Markets (CMSA)®