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Enroll in the

NISM Currency Derivatives
Market I

Master the skills of the currency market with our industry-relevant Currency
Market Course to improve your efficiency in trading with our diverse curriculum.

Learn

ADCA

Most Required Skills in Every Professional Field.

Start your early earning with this course

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About Courses

This course offers a better understanding as well as practical exposure on the currency Markets so that they can make better trading decisions. We offer both virtual and live trading in the real market.

NISM Currency Derivative Market I Course Highlights

1.

Cross Rate

2.

Growth Drivers

3.

Option Pricing

4.

Risk Disclosure

5.

Ratio Analysis

6.

15 Hours Practical Training

7.

7+ course module

8.

1 Year Free Backup Classes

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NISM Currency Derivative Market I Learning Outcome

You'll gain an understanding of the currency market, including Foreign Exchange
You'll be suitable to identify and explain the Trading Mechanism in Exchange Traded Currency Derivatives
You'll get to know about Order Management, Exchange Trading System, and Market Participants.
You'll be suitable to Clearing, Settlement and Risk Management in Exchange Traded Currency
You'll get to know about PoA, Investor Grievance, Arbitration, and Risk Disclosure, etc

Software that you will learn in this course

NISM Currency Derivative Market I Course Content

1)    Introduction to Currency Markets

  • Brief History of Foreign Exchange Markets
  • Major Currencies and Currency Pairs
  • Basics of Currency Markets and Peculiarities in India
  • Exchange Rate Arithmetic- Cross Rate
  • Impact of Economic Factors on Currency Prices
  • Economic Indicators

2)    Foreign Exchange Derivatives

  • Derivatives - Definition
  • Key Economic Functions of Derivatives
  • Derivative Products
  • Growth Drivers of Derivatives
  • Market Participants in Currency Derivatives Market
  • Exchange-Traded Derivatives vs. OTC Derivatives
  • Rationale for Introducing Exchange Traded Currency Derivatives in India

3)    Exchange Traded Currency Futures

  • Currency Futures - Definition
  • Pay Off Charts of Futures Contract
  • Contract Specification of Exchange Traded Currency Futures Contracts
  • Contract Value
  • Advantages and Limitations of Future Contracts in Comparison to Forward
  • Interest Rate Parity and Pricing of Currency Futures

4)    Exchange Traded Currency Options

  • Basics of Options
  • Difference between Futures and Options
  • Style of Options
  • Moneyness of an Option
  • Basics of Option Pricing and Options Greeks
  • Option Pricing Methodology
  • Implied Volatility (IV)
  • Pay off Diagrams for Options
  • Contract Specification of Exchange Traded Currency Options
  • Comparison of Exchange Traded Currency Option and OTC Currency Option

5)    Strategies Using Exchange Traded Currency Derivatives

  • Market Participants
  • Hedging Through Exchange Traded Currency Derivatives
  • Option Trading Strategies
  • Use of Currency Derivatives by Speculators
  • Use of Currency Derivatives by Arbitragers
  • Trading Spread Using ETCD
  • Limitation of Exchange Traded Currency Derivatives for Hedgers

6)    Trading Mechanism in Exchange Traded Currency Derivatives

  • List of Entities in Trading System
  • Exchange Trading System
  • Order Management
  • Risk Management and Order Routing
  • Price Limit Circuit Filter
  • Trading Cost

7)    Clearing, Settlement and Risk Management in Exchange Traded Currency Derivatives

  • Clearing and Settlement Mechanism
  • List of Entities in Clearing and Settlement of ETCD
  • Interoperability of Clearing Corporation
  • Clearing Mechanism
  • Determination of Settlement Obligation
  • Position Limits
  • Settlement
  • Fund Settlement
  • Risk Management
  • Margin Collection by Clearing Corporation
  • Core Settlement Guarantee Fund

8)    Regulatory Framework for Exchange Traded Currency Derivatives

  • Securities Contracts (Regulation) Act, 1956 [SC(R)A]
  • RBI-SEBI Standing Technical Committee on Exchange Traded Currency and Interest Rate Derivatives
  • Foreign Exchange Management Act, 1999
  • SEBI Regulation and Guideline
  • RBI Regulation and Guideline
  • Regulatory Guideline on Participation of Various Entities in ETCD
  • Eligibility Criteria for Members

9)    Accounting and Taxation

  • Accounting Guideline and Disclosure Requirements
  • Taxation of Exchange Traded Currency Derivatives

10)    Code of Conduct and Investor Protection Measure

  • SEBI’s Code of Conduct for Brokers
  • Investor Grievance
  • Investor Protection Fund
  • Arbitration
  • Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker / Stock Broker and Depository Participant
  • Risk Disclosure to Client and KYC

Jobs and Career Opportunity After Completing Course

After completing this course you will get many job and career opportunities easily in the computer and IT field like e-commerce, government organizations, and security companies. You can start your early earnings with this course because there is no education criteria for this course and every business needs that kind of skilled employee. This course will also allow you to do work from home. After learning this course you can set up your own business.

Job profile

After completing this course

Average salary

( 1+ year experience)

Self trader 30k-40k
Technical analyst 25k-30k
Algo trader 20k-25k
sub broker 25k-30k
Equity Dealer 20k-25k

Features & Facilities



Student Reviews

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I am a student of IFDA Institute Kalkaji and I am learning ADCA course. I am learning various modules in my course.My experience is very good here. IFDA provides practical as well as theory classes of every concept. Even the smart classes are provided for practical section through which it becomes very easy to understand.

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Jameela
Student
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Hey ,there I am a student in IFDA Institute and my course is a ADCA. I am having a great time doing this Course and the best institute. Literally, here the teachers are very good and helpful to the students.

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Neha
Student
Google Review 

I study at IFDA Institute. I am an ADCA Course student. I understand everything in my class. It's very easy to understand everything. Every query or question are solved. Very helpful and supportive staff. My experience is good so far with ifda. I suggest everyone to join this institute❤

Our Achievements


Frequently Asked Questions

It will be both in offline and online mode.

You will attend revision classes for the same topic on the same day or next day.

yes our courses have trading plans which is useful for those who are doing trading and want to restart trading to recover losses and become profitable.

It is a market where you trade in instruments like shares and it has many components like equity and derivatives, commodity and currency.

In this industry, if you are having minimum 2 certificates of NSE then you are readily taken by the industry. You not only get a stable, payable, office seating job but on top of it, you also earn incentives too. You can become dealer investment advisory, relationship manager. You are also readily imbibed in risk and compliance terms.

NSE certificates are the license to work in stock market financial markets and banks. The corporate and banks get ID’s only if they have authorized NSE certificate person and it is mandatory by govt of india ( SEBI- RBI)

Oh yes, definitely you can open your own business by taking franchisee of any broker, but for this NSE qualification is the most. You can also upgrade to research modules and give tips and advisory to your clients.

You can start your own trading and manage your own portfolio in this market, you can become a broker or sub-broker and do business, or you can open you research advisory company and give research tips to your clients.

Yes surely. You can definitely get it customized.

Yes, we have batches for those candidates, who are working on weekend basis and in evenings on weekdays.

we are not involved in such practice and we advice you to not expect this from us, you do not have to depend on others learn with us and become independent to make your financial decisions.

The trainer has 6 years plus experience in stock market trading. He has adopted a practical approach with his own strategies and plans.

Yes afcourse but It’s risky for those who trade without any proper training and knowledge.

Our trainer will used both English and hindi languages.

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