Currency Derivatives Market NISM Series 1 SEBI Certification

Currency Derivatives Market NISM Series 1 SEBI Certification
 

The Currency Derivatives Market NISM Series 1 SEBI Certification course offers in-depth knowledge about the currency derivatives market, focusing on essential topics such as currency futures, currency options, and their real-world applications in India. This course is designed to help learners understand the functioning of the currency market, economic indicators, trading systems, risk management, and the regulatory framework governing currency derivatives. It prepares candidates for the NISM Series 1 certification exam, providing a strong foundation for a successful career in currency trading.

Course Modules & Topics:

Introduction to Currency Derivatives – 1 Hour

• Overview of Currency Futures

• Major currency pairs used in India and how they influence the market.

• Understanding two-way quotes and their significance.

• The impact of economic indicators on the currency market.

• Derivative products: Exploring the various derivative instruments available in the currency market.

Currency Futures and Its Usage – 1 Hour

• Major market players: Understanding how institutional and retail traders use currency futures.

• Exchange-traded vs. OTC: Key differences between exchange-traded and over-the-counter currency futures.

• Product specifications: Detailed analysis of the features and specifications of currency futures.

• Future terminology: Common terms used in currency futures trading.

• Pricing of currency futures: Understanding how currency futures are priced and what factors influence their value.

• Various payoffs: Exploring different payoff structures in currency futures trading.

Trading System – 2 Hours

• TWS (Trade Work Station): Introduction to the TWS and how it is used for currency futures trading.

• Entities involved in the trading system: Understanding the role of various entities such as exchanges, brokers, and market participants.

• Order types: A breakdown of different types of orders used in currency futures trading.

• Clearing, Settlement & Risk Management: Understanding the clearing and settlement processes, along with risk management techniques used in the currency derivatives market.

Exchange Traded Currency Options – 2 Hours

• Introduction to currency futures and their relationship with currency options.

• Key differences between OTC and exchange-traded options.

• Understanding the concept of moneyness of options: In-the-money, at-the-money, and out-of-the-money options.

• Option Greeks: An in-depth look at the Greeks and how they help in managing risks and pricing options.

• Basic option strategies: Learn about vanilla and exotic options, and how to implement basic trading strategies using these instruments.

Regulatory Framework – 1 Hour

• Overview of the governing council of the exchange and clearing corporation.

• Regulatory framework for clearing corporations: Understand the regulatory structure in place for clearing and settlement in the currency derivatives market.

• Eligibility criteria for members: Key requirements for individuals or entities wishing to participate in the currency derivatives market.

• Codes of conduct and investor protection measures: Overview of the codes of conduct that ensure ethical trading and protect investors.

• Investor grievance resolution mechanism: How investor complaints are handled and resolved against trading members.

This course is ideal for individuals looking to develop a strong foundation in the currency derivatives market and gain the necessary knowledge to pass the NISM Series 1 SEBI Certification exam. Whether you're an aspiring trader or working professional, this course equips you with the expertise needed to navigate and excel in the currency futures and options markets.

What you will get?

Pre-recorded chapter vise videos - Yes (approx 7 hours)

Language:  ENGLISH

Book:  Yes (Ebooks in pdf format in English)

Mock test:  Yes (online mock test with approx 500 question answers) 

Certification: Dual certification (Certification from NIFM and preparation for SEBI NISM exam)

SEBI NISM Assesment Structure:

Duration: 120 minutes

No. of questions: 100

Total Marks: 100

Marks per question: 1

Passing score: 60%

Negative Marking: Yes (25%)

Certificate validity: 3 years

Faculty: Mr. Vikas Sharma

The Currency Market Certificate Course (Forex Market) is a complete guide to mastering currency trading. Ideal for those preparing for the NISM Series 1 SEBI Certification, this course covers everything from basic concepts to advanced strategies. You'll learn how to trade in the currency market, understand its legal framework, and gain the skills needed for the NSE NCFM currency module. By the end, you'll be equipped to confidently navigate the currency market and earn the necessary certification.

Computer, Laptop, ipad, tab or mobile phone required with broadband or 4G internet.