FOREX (Foreign Exchange Market) Currency trading

1. Introduction to Foreign Exchange Market (FOREX)
2. Global Financial Crisis
3. Role of the Bank for International Settlements
4. European Central Bank. Euro
5. Tobin tax
6. Currency trading
   1. Players: Central banks, enterprises, brokers, hedge funds, investors, and speculators
   2. Currency exchange rates
7. Methods of managing exchange risk
   1. Types of coverage
   2. Exchange risk insurance
8. Forward exchange contracts and currency options. Call/Put Options
9. Spot Market and Forward Market
10. Vulnerability analysis
11. Case Study: Balance of Payments as a tool for credit risk analysis of a market
12. Influence of religion on financial systems

AI for Global Business

1. AI and Global Trade
2. Digital Trade and Cross-Border E-Commerce

The educational aims of the Subject “Foreign Exchange Market (FOREX)” are:

1. To analyze the fundamentals of Foreign Exchange Markets, understand their functioning and examine the agents operating in these markets
2. To learn about various methods of managing exchange risk
3. To examine in detail the forward exchange contracts and currency options

The Subject “Foreign Exchange Market (FOREX)” is included within the curriculum of the following academic programs at EENI Global Business School:

Course: International Payment methods.

Masters: International Business, Foreign Trade and Marketing.

Doctorate: Global Trade.

Postgraduate Certificate in International Trade.

Languages: or Financement Financiación Financiamento.

International Trade Finance - International bonds.

1.5 trillion dollars average daily turnover dwarfs the daily turnover in all the World's stock and bond markets combined.

The New York Stock Exchange has a daily trading volume of approximately USD 30 billion. One trillion dollars (USD 1,000,000,000,000) changes of hands every day in the global Foreign Exchange Markets.

Investing in foreign exchange remains mainly a domain for the big professional players in the market such as the hedge funds, banks, and brokers.

The currency exchange market is a true 24-hour market, five days a week. There are dealers in every major time zone.

The largest dealing centers are London (50% of the market), followed by New York

1. The first session, which is the Asian session, begins on Sunday evening at approximately 7:00 p.m. EST (Sydney)
2. The second session, which is the London session, starts at approximately 2:00 a.m. EST
3. The third and final session, which is the New York session, begins at approximately 7:00 a.m. EST and ends at 5:00 p.m. EST

The Bank for International Settlements (BIS) is an international organization which foster the international monetary and financial cooperation and serves as a Bank for the central banks.

The currency exchange market determines the currency exchange rates. A currency exchange rate is always quoted for a currency pair using the ISO code abbreviations.