Foreign Exchange: Dealing, Trading and Risk Management

Finance & Investment

Next Intake: 20 Nov 2024 (Wed)

Basic
SkillsFuture
Short Courses
This module is part of Executive Certificate in Foreign Exchange Management

This module is conducted in-person.

Next course starts on

20 Nov 2024 (Wed) See Full Schedule

Fee

SGD2,180* (as low as SGD254 after maximum funding) Learn More

Duration

2 days
Weekdays (9am - 5pm)

Level

Basic

Who Should Attend

Aspiring individuals keen to embark on investment management careers relating to FX
Relationship managers, financial advisers, consultants and corporate bankers making related investment and hedging advice
Corporate treasury, risk management, auditors and compliance professionals
Technology professionals engaged in automation and streamlining of financial market functions such as the implementation of FX solutions for FIs, corporates and retail
Investors with investments in the foreign exchange markets

Overview

The Foreign Exchange (FX) market is the single largest financial market in the world with a global turnover of more than $6 trillion per day. With globalised trades in goods and services as well as overseas investments abound, demand for foreign exchange transactions, management & hedging of FX exposures as well as trading & risk management of FX in various asset classes have become an integral part of many businesses and investments.

This module deals with the executionary aspects of transacting in the Foreign Exchange market for speculative and exposure management purposes. The 2-day course seeks to impart foundation knowledge on FX trading platforms, the trading process and risk management considerations, both from retail and institutional perspectives.

Learning Objectives

Know essential features & considerations for FX dealing via FX trading platforms
Gain perspective & foundation knowledge on the FX trading process, strategies & principles
Apply recommended financial market website platforms for FX market monitoring & analysis
Learn key aspects of risk management in FX trading
Familiarise with broad Institutional (front & middle office) framework & practices for managing market, credit & liquidity risks arising from FX exposure

Topic/Structure

FX Dealings

Retail & Institutional FX Dealing Channels
Retail Trading Platforms (Popular FX trading Platforms, Essential Features, Navigations & Considerations)
Institutional system support for FX trading & market making (Trading bank and Hedge fund trading set-up)
Margin trading (leverage; risk and return)
Types of Trading order and applications

FX Trading

Overview of Technical Analysis & currency “technical” characteristics
Integrating Fundamental, Technical & Sentiment Analysis for Trading and Risk Management
The Trading process (view formulation, monitoring, position entry & exit)
The Trader screens (what do institutional FX trader constantly monitor in real-time?)
Positioning with FX spot, FX/STIR (Short-Term Interest Rate) derivatives
Foundation FX & Derivatives trading Concept (Carry trade & Interest arbitrage)
Trading Strategies as applied to FX market (Trend following, range trading & scalping)
Discretionary vs Algorithmic Trading
Practical session using recommended financial market website platforms for FX market analysis

Risk Management

Trader risk consideration and management (Trading Edge, Exposure Sizing, Capital Preservation, Behavioural Discipline & Trading principles)
Institutional (middle & front office) risk management broad framework & practices (Market, Credit & Liquidity risks)

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$654

(After SSG Funding 70%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$654

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$254

(After SSG Funding 70%
+ MCES Funding 20%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$254

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit: Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).
Workfare Skills Support Scheme: From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

Organisation must be registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million
Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
Trainees must be Singapore Citizens or Singapore Permanent Residents
Trainees must not be a full-time national serviceman
Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.

Please click here for more information on ETSS.

Absentee Payroll