Diploma in Foreign Exchange Market - Level 3

Accredited by ABC Awards | Endorsed Certificate | Certified Unit Summery| 24/7 Access | Free COVID 19 Course

Global Edulink


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£29 inc VAT (was £429)
Offer ends 11 August 2020
Study method
Online, self-paced
22 Hours
No formal qualification
Endorsed by ABC Awards

6 students purchased this course

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Diploma in Foreign Exchange Market - Level 3

This course is endorsed under ABC Awards and Certa Awards Quality Licence Scheme.

Get 2 accredited qualifications in 1 program. The submission of your assessment is compulsory to get your ABC Awards certification. However, if you take a 20 question MCQ examination, you can also receive a free e-certificate from CPD & iAP.

The Diploma in Foreign Exchange Market – Level 3 course is designed for finance and accounting professionals. The course is packed with an overview of the foreign exchange market and is for professionals who are interested in the foreign currency market, and want to scale the learning curve. The goal of the course is to enable learners to understand the fundamentals of the FX market and navigate through a global market around the clock in an efficient manner.

The course will enable learners to set international business objectives, learn how businesses and the government participate in the foreign exchange market, and learn about technical and fundamental analysis to forecast exchange rates and how time zones can impact trading worldwide.

The Diploma in Foreign Exchange Market – Level 3 is a unique course that enables learners to understand currency risk management, and how the currency market plays a significant role in the macro-economy. The course is also highly effective for professionals in many fields to learn the intricacies of how the FX market works and make it an investment and a career standing.

The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner.

The course itself has been designed by Global Edulink to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process.

*Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

We are always thinking of ways in which you can gain the best from our online learning platform. When you enroll with us on this program you will have the opportunity to enroll on a Level 3 course or above for free!!! The courses that you can choose from have been indicated on our suggested course below.

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Endorsed by ABC Awards

Course media


What is covered in this course?

  • Gain a clear understanding of the concepts of economic globalization.
  • Understand how supply and demand impacts forecasting and foreign exchange rates.
  • Learn about foreign exchange market participants.
  • Gain an understanding of the fundamentals of the foreign exchange market.
  • Gain an academic qualification and advance in your educational learning.

Course Curriculum (Type Of Course Material: Text)

Module 01: Foreign Exchange Market an Introduction

  1. Contents Essence
  2. Learning objectives
  3. The foreign exchange market in a nutshell
  4. Organizational structure of the forex market
  5. Monetary unit
  6. Foreign exchange and bank deposits
  7. International spot rate quotation conventions
  8. Two-way spot prices
  9. Spread Cross rates
  10. Spot and derivative forex markets
  11. Why exchange rates are important.

Module 2: Derivatives Forwards

  1. Contents Derivatives: forwards
  2. Learning objectives
  3. Introduction
  4. Derivatives markets
  5. Definition of a forward
  6. Types of forwards
  7. Introduction
  8. Outright forwards
  9. Forex swaps
  10. Time options
  11. Forward-forwards
  12. Outright forward foreign exchange contracts : functions and pricing
  13. Introduction
  14. Hedging an investment
  15. Speculation
  16. Covered interest arbitrage
  17. Principle of interest rate parity and the pricing of forward contracts
  18. Example of arbitrage opportunity in the forward market
  19. Forward exchange market
  20. Summary

Module 3: Derivatives Futures, Options & Swaps

  1. Derivatives: futures, options & swaps
  2. Learning objectives
  3. Introduction
  4. Currency futures
  5. Introduction
  6. Valuation
  7. Concluding remarks
  8. Currency options
  9. Introduction
  10. Options on currency forwards
  11. Options on currency futures
  12. Options on currencies (currency “physicals”)
  13. Options on currency swaps (swaptions)
  14. Currency swaps
  15. Summary

Module 4: Risks Other Than Currency Risk & Other Risk Management Tools

  1. Risks other than currency risk & other risk management tools
  2. Learning objectives
  3. Introduction
  4. Risks other than currency risk in investments
  5. Introduction
  6. Interest rate risk
  7. Market risk
  8. Credit risk
  9. Transactions costs
  10. Settlement risk
  11. Market size
  12. Availability and reliability of information
  13. Valuation of markets
  14. Trading methods
  15. Other risk management t
  16. Introduction
  17. Currency risk insurance
  18. Utilization of local loans
  19. Dual-currency bonds
  20. Prepayment for exports
  21. Barter
  22. Selective currency pricing
  23. Risk-adjusted pricing
  24. “Leads and lags”
  25. Summary

Module 5: Participants

  1. Participants
  2. Learning objectives
  3. Introduction
  4. Authorized dealer banks
  5. Foreign exchange brokers
  6. Introduction
  7. Foreign banks
  8. Central bank
  9. Introduction
  10. Buyer and seller of foreign exchange
  11. Introduction
  12. The desired level of reserves
  13. Brief overview of reserve management
  14. Administrator of exchange controls
  15. Government
  16. Retail clients
  17. Non - bank authorized dealers
  18. Corporate sector
  19. Arbitrageurs
  20. Speculators
  21. Summary

Module 6: Effect On Money Stock & Money Market Liquidity

  1. Effect on money stock & money market liquidity
  2. Learning objectives
  3. Introduction
  4. Money identity
  5. Money market identity
  6. Significance of the liquidity shortage
  7. A concept of bank liquidity: net excess reserves
  8. Purchases and sales of forex, M3 and the liquidity shortage
  9. Introduction
  10. Central bank sells forex to the dealing banks
  11. The dynamics underlying changes in NFA
  12. Forward market operations of the central bank
  13. Forex swaps by the central bank
  14. Summary

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

In order to complete the Level 3 Diploma in Foreign Exchange Market successfully all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.

Please Note: Additionally, £159 (Inc. VAT) is charged for assessment and certificate and you need to pay that when you are submitting your assessments only (It is not required to pay initially when you are registering). This payment can be paid into 02 installments when you are submitting your assessments.


At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

Course Code: QLS-04458

Accredited Body (Accreditation)

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.

While the submission of your assignment is compulsory for you to get your ABC Awards accredited certification, you can also receive another CPD & iAP accredited, free e-certificate if you take a 20 multiple choice exam.

Who is this course for?

  • Accounting Professionals, Financial Professionals
  • Foreign Exchange salespersons
  • Business Consultants
  • Financial Analysts
  • Anyone who is looking to gain a knowledge and skills in Foreign Exchange Market.


  • Learners should be age 19 or over, and must have a basic understanding of Maths, English, and ICT.
  • A recognised qualification at level 2 or above in any discipline.

Career path

  • Accounting Manager
  • Business Consultant
  • Financial Analyst
  • Financial Controller

Others jobs you can get

  • Business Advisors
  • Non-Profit Employees

Questions and answers

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What does study method mean?

Study method describes the format in which the course will be delivered. At courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


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