CFI Education via edX

Spot Foreign Exchange

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Overview

Learn the basics of Foreign Exchange, including cross rates, direct and indirect quotes, and various market strategies.

What you'll learn

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

Skills you'll practise

Mechanics

Advantages and disadvantages

Advantages

University courses you can audit for free, with lectures, readings and practice quizzes.
A verified certificate from the university if you pay for it.
Self-paced: start any time.

Disadvantages

Graded assignments and the certificate need the paid track.
Audit access can expire a few weeks after the course ends.
Learning is free, but the certificate costs money.
Some parts (graded work, certificate) are paid.

Some points apply to every course of this kind; see how we rank.

Free to audit

Free: Choose "Audit this course" when you enrol: lectures, readings and practice are free.
Paid: Graded assignments and the verified certificate (Certificate $83). Audit access may end after the course closes.

Before you start

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.