Foreign Exchange: Dealing, Trading and Risk Management
- Finance & Investment
This module is conducted in-person.
2 Full Days (Weekdays)
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% |
$654 (After SSG Funding 70%) |
|
Singapore Citizen ≥ 40 years old |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
$254 (After SSG Funding 70% |
|
International Participant |
$2,180 (No Funding) |
$2,180 (No Funding) |
$2,180 (No Funding) |
All prices include 9% GST
Please note that the programme fees are subject to change without prior notice.
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 are eligible for ETSS funding only if their company's SME status is approved prior to the course commencement date. To verify your SME's status, please click here.
Please click here for more information on ETSS.
Absentee Payroll
Companies who sponsor their employees for the course may apply for Absentee Payroll here. For more information, please refer to:
AP Guide (Non-SME Companies)
Declaration Guide (SME Companies)
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