Currency Derivatives Market NISM Series 1 SEBI Certification

Currency Derivatives Market – NISM Series 1 SEBI Certification Course

Introduction to Currency Derivatives — Recommended Study Time: 1 Hour

• Overview of currency futures

• Major currencies used in India

• Currency pairs and two-way quotes

• Economic indicators and their impact on the currency market

• Overview of derivative products

Currency Futures and Their Usage — Recommended Study Time: 1 Hour

• Major market participants and how they use currency futures

• Exchange-Traded vs Over-The-Counter (OTC) markets

• Product specifications of currency futures

• Common futures terminology

• Pricing mechanisms for currency futures

• Understanding various pay-off scenarios

Trading System — Recommended Study Time: 2 Hours

• TWS (Trade Work Station) overview

• Entities involved in the trading system

• Different order types and their functions

• Clearing, settlement, and risk management process

Exchange-Traded Currency Options — Recommended Study Time: 2 Hours

• Basic understanding of currency options

• Difference between OTC and Exchange-Traded options

• Concept of moneyness in options

• Introduction to Option Greeks

• Basic option strategies (Vanilla & Exotic)

Regulatory Framework — Recommended Study Time: 1 Hour

• Governing council of exchange and clearing corporation

• Regulatory guidelines for clearing corporations

• Eligibility criteria for trading members

• Codes of conduct and investor protection measures

• Investor grievance resolution mechanism (against trading members)

Why Choose This Course

• Comprehensive Curriculum covering basics to advanced trading strategies

• Pre-recorded Chapter-wise Videos (7+ hours) in Hindi

• E-Book in English (PDF format)

• 500+ Practice Questions for SEBI NISM Exam

• Dual Certification: NIFM Certificate + SEBI NISM Exam Preparation

• Expert Faculty: Mr. Vikas Sharma

• Study anywhere, anytime (mobile, tablet, or computer)

• 3-Year Valid SEBI Certificate upon passing the exam

What You Will Learn

Chapter 1: Introduction to Currency Derivatives (1 Hour)

• Overview of Currency Futures

• Major Currencies Used in India

• Currency Pairs and Two-Way Quotes

• Impact of Economic Indicators on Currency Market

• Understanding Derivative Products

Chapter 2: Currency Futures and Their Usage (1 Hour)

• Major Market Participants and Their Roles

• Exchange-Traded vs OTC Markets

• Product Specifications and Terminologies

• Pricing Mechanisms of Currency Futures

• Understanding Payoffs

Chapter 3: Trading System (2 Hours)

• Introduction to TWS (Trade Work Station)

• Entities Involved in Trading System

• Order Types and Execution

• Clearing, Settlement, and Risk Management

Chapter 4: Exchange-Traded Currency Options (2 Hours)

• Basics of Currency Options

• OTC vs Exchange-Traded Options

• Understanding Moneyness and Option Greeks

• Basic Option Strategies (Vanilla and Exotic Options)

Chapter 5: Regulatory Framework (1 Hour)

• Governing Councils of Exchange and Clearing Corporation

• Regulatory Framework for Clearing Corporations

• Eligibility Criteria for Members

• Codes of Conduct and Investor Protection

• Investor Grievance Resolution Mechanism

Total Duration: 7 Hours

About NIFM

NIFM (National Institute of Financial Markets) is a leading institute offering SEBI-recognized certification programs in financial markets. With industry experts and practical learning modules, NIFM helps learners gain the knowledge, skills, and certifications required to succeed in the world of finance and trading.

About the Faculty

Mr. Vikas Sharma – An experienced financial market trainer with expertise in derivatives, forex trading, and NISM exam preparation. His simplified teaching style and practical insights make complex topics easy to understand.

Frequently Asked Questions (FAQ)

Q1. Is NISM Series 1 Certification mandatory to trade in currency derivatives?
A1. Yes. NISM Series 1 Certification is a SEBI-approved qualification required for professionals who wish to trade or advise in the currency derivatives market. It ensures you understand the products, risks, and regulations of the forex and derivatives segment.

Q2. What is the validity of the NISM certificate?
A2. The NISM Series 1 Certificate is valid for 3 years from the date of passing the examination. After expiry, you can renew it by reappearing for the exam before the validity period ends.

Q3. Can beginners join this course?
A3. Yes. This course is designed for all levels — beginners, traders, professionals, and students. It starts from basic concepts and gradually moves to advanced topics, all explained in Hindi for better understanding.

Q4. What language is the course taught in?
A4. The entire course is delivered in Hindi, while the study material (E-book) is provided in English. This makes it easy for learners to understand concepts in their preferred language.

Q5. Will I get NIFM certification even if I don’t appear for the SEBI exam?
A5. Yes. You will receive a course completion certificate from NIFM after finishing the program. This course also fully prepares you for the SEBI NISM Series 1 examination if you choose to take it.

Q6. Is there any negative marking in the NISM Series 1 exam?
A6. Yes. The NISM Series 1 exam includes 25% negative marking. One-fourth of the marks allotted to a question are deducted for each wrong answer.

Q7. What is the duration and structure of the SEBI NISM Series 1 exam?
A7. The exam duration is 120 minutes and consists of 100 multiple-choice questions. Each question carries one mark, and the total marks are 100. The passing score is 60%.

Q8. Do I need prior trading experience to join this course?
A8. No. This course does not require any prior trading experience. It covers all topics from the ground up, making it suitable for new learners and those looking to enhance their skills.

Q9. Can I access the course on mobile devices?
A9. Yes. You can access the course using a computer, laptop, tablet, or smartphone with a stable internet connection (broadband or 4G).

Q10. Who is the faculty for this course?
A10. The course is taught by Mr. Vikas Sharma, a highly experienced market professional with expertise in derivatives, forex trading, and NISM exam preparation. His approach focuses on simplifying complex financial topics.

What you will get?

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

Language:  HINDI

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)

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

Currency Market Certificate Course (Forex Market) is a complete program on the currency market. Those who want to appear in the NISM Series 1 Certification can prepare with this module. It provides thorough knowledge of the currency market, how to trade in currency derivatives, and apply concepts in different scenarios.

This course covers both basic and advanced levels of forex trading, helping learners understand economic indicators, currency pairs, pricing, and market regulations. It also includes NSE NCFM currency module preparation, ensuring comprehensive exam readiness.

By the end, you’ll gain complete knowledge of:

• What is Currency Market

• How to Trade in Currency Market

• Basics and Advanced Concepts

• Preparation for NSE NCFM Currency Module

• Legal Framework of Currency Market

A perfect blend of theory and practice, this course helps you master currency trading while preparing for SEBI and NSE-recognized certifications.