Learn FX, Markets & Derivatives - Online Finance Course

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Learn how FX is quoted, traded, and settled in the world’s most liquid market. Understand spot, forwards, swaps, cross-currency swaps, and options, and how the FX basis influences pricing and funding costs.

Explore how these instruments are used to hedge currency exposures, manage funding across currencies, and express macro or relative-value views.

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Hours to Complete

Topics

Practical exercises

Foreign Exchange (FX) Markets and Derivatives includes

Foreign Exchange (FX) Markets and Derivatives

| skills-certificate

Foreign Exchange (FX) Markets and Derivatives

| Skills Certificate

Hours

Practical exercises

Exam

FX Spot and Forwards

88 video minutes

3 Excel exercises

Video minutes 88

Excel Exercises 3

Characteristics of foreign exchange transactions
Breakdown of the FX market
- Market participants and their motives
- The traded products
- The major currency pairs
FX spot market
- Understanding FX spot quotes
- Settlement risk and continuously linked settlement (CLS)
- Strengthening and weakening: a brief overview of what influences FX spot rates
- The concept of a carry trade
FX forwards (outrights)
- Outright forward quotation – how to get from points to the forward rate
- Interest rate parity and the theoretical forward rate
- The intuitive link between interest rate differentials and forward points
- Introduction to non-deliverable forwards (NDFs)
- Understanding risk exposures in outright forwards

FX Swaps and Cross Currency Swaps

65 video minutes

2 Excel exercises

Video minutes 65

Excel Exercises 2

FX swaps
- FX swap terminology, cash flow mechanics and conventions
- FX swap application examples
- Interest rate parity in practice and the FX basis
- Understanding risk exposures in FX swaps
Cross currency swaps (XCCY)
- XCCY mechanics
- The cross-currency basis

FX Options

70 video minutes

4 Excel exercises

Video minutes 70

Excel Exercises 4

Vanilla calls and puts in a foreign exchange context
Call and put at the same time
Possible ways to quote the premium
Different ways to structure the FX option payout
Introduction to binary and barrier options
Main features of binary options and application example
The main types of barrier options
Knock-in
Reverse knock-in
Knock-out
Reverse knock-out

Learn from our expert instructors

Alastair Matchett

–

Ex-J.P. Morgan

Andrea Ward

–

Ex-Lehman Brothers

Gerard Kelly

–

Ex-Ernst & Young

Deborah Taylor

–

Ex-Barclays director

Petter Ljunggren

–

Ex-Goldman Sachs

Jonathan Rugg

–

Ex-Lloyds private banking

Andrew Jones

–

Ex-Standard Bank

Learn more about our full faculty

Wall Street Recognized Certification

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	Single Course	Boost Plan	Pro Plan

Completion certificates		43	43
Skills certificates	1	63	63
Micro-degrees		12	12
Lifetime access to course
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Practical exercises to work alongside videos and quick quizzes to test your understanding
Searchable library of 520+ playlists, 4400+ videos and Q&As
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Weekly live webinars
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Current and historic filings for over 7000 firms globally
Current and historic filings for over 4000 US firms
Link to, label and share data points in filings (limited to 10 for Free and Boost users, unlimited for Pro)
Regional and industry data sets
Ready-to-use sector and transaction models

	Single course £199 Start learning	Boost £449/year Expand skills	Pro £699/year Maximize potential

Frequently Asked Questions

What tech do I need?

Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

Our online courses reflect the training new analysts receive at the leading financial organizations. They're challenging, but if you want to demonstrate you are as good as the best in the industry then this is the course for you. The top investment banks will recognize our micro-degree certifications, making them perfect for graduates looking to land a job or a professional preparing for a new role.

Are Financial Edge's courses credible?

The world's leading investment banks, as rated by the Financial Times, hire us to train their incoming analysts. Get the perfect preparation for your next role by challenging yourself with the same content and certification we're trusted to deliver on Wall Street.

Will the Foreign Exchange (FX) Markets and Derivatives help me get a job?

Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into finance or change roles.

How long do I have to complete the Foreign Exchange (FX) Markets and Derivatives ?

All you need is a single course purchase (lifetime access) or an active Felix plan for the course you are completing. All Felix plans renew annually and include our complete course library.

Are there any hidden costs?

No. Everything you need is included, from instructor-led videos and Excel exercises to the exams.

What support will I get along the way?

Our expert instructors are standing by to answer questions and help you develop a detailed understanding of finance complexities. Our technical support team are also ready to help with any system problems.

What is the difference between a Felix subscription and buying a single course?

Purchasing a single course gives you lifetime access to that one program. Purchasing a yearly Boost or Pro Felix subscription gives you access to our full library of 50+ certifications for the duration of your subscription. With a Pro plan, you’ll also be able to access our streamlined company and market data alongside productivity tools.

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