OBJECTIVE

A strategic review of this area should consider a comprehensive overview of the foreign exchange market, including F/X market mechanics, trading, risk management strategies and forecasting techniques. Examining floating rates,hedging and speculating interests, plus forex trading products compared to the internationally accepted customs and practice.

APPROACH

Introduction to the Market characteristics

• Major currencies' characteristics
• Major players/ Major FX markets
• Foreign exchange risks and conducting FX trading

Mechanics and techniques of foreign exchange trading

• Spot /Forward outright and swap
• Crosses And Futures

Introduction to forecasting

• Fundamental analysis
• Economic/financial and political factors
• Introduction to technical analysis

Characteristics of the spot market

• Profit-taking orders and Stop-loss
• Trading the spot market

Characteristics of the forward market

• Attributes and Profit and loss

Characteristics of the currency futures market

• The concept of forward outright
• The concept of currency swap
• Trading the swap and forward outright markets

Foreign exchange risks

• Managing the exchange risk
• Managing the interest rate risk
• Managing the credit risk
• Managing the country