o   Having general idea about the history of Foreign Exchange Market and recent foreign exchange development. o   Understand the importance of Foreign Exchange Market. o   Remember and distinguish between the types of FX-Rates. o   Distinguish between Base Currency & Quoted Currency. o   Analyze the movement in FX-Rates by identifying the “pips”. o   Apply exercises in Spot Market. o   Calculate net position on several spot trades. o   Calculate cross-rates from pairs of exchange rates. o   Describe the structure and mechanics of an FX forward and the forward points. o   Explain the relationship between the outright forward rate, the forward points, the spot rate, and interest rates o   Describe the structure and mechanics of an FX swap. o   Understand the mechanism of margin trading. o   Differentiate between the types of orders. o   Understand the principal risks in foreign exchange market.