Level 3 Diploma in Foreign Exchange Market with Official Certification

Accredited by ABC Awards | Endorsed Certificate | Certified Unit Summery

Global Edulink


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Offer ends 18 July 2019
Study method
Online, self-paced
22 Hours
Level 3 Diploma in Foreign Exchange Market
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  • Exam(s) / assessment(s) is included in price

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Level 3 Diploma in Foreign Exchange Market with Official Certification

The certification is endorsed by an ABC Awards (Ofqual regulated awarding body)

The Diploma in Foreign Exchange Markets – Level 3 offers an overview of the foreign exchange market. The course is for professionals who have an interest in the foreign exchange market and want to gain a further qualification and advance in their career. Learn the fundamentals of the FX market and how to navigate through the global market.

The course covers key topics such as the forecast exchange rates and how to participate in the foreign exchange market. It is a specialised course that will enable learners to understand currency risk management and how the FX market works.

The Diploma in Foreign Exchange Markets – Level 3 course will give learners the sound knowledge of acquiring the necessary skills and knowledge to have a career in this field.

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


Level 3 Diploma in Foreign Exchange Market
Awarded 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 : Diploma in Foreign Exchange Market - Level 3

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.


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.

What's special about us

  • No Hidden Fees
  • Efficient and effective customer service for all your queries
  • Endorsed under the ABC Awards and Certa Awards Quality Licence Scheme
  • Get a 30% discount when you pay the full amount at once. This includes the course fee, assessment fee and certificate fee.

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

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