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Jeff Praissman,
Steven Levine,
Andrew Wilkinson,
Lucas Deaver,
and
Mary MacNamara
In this course, we’ll introduce you to the foreign currency market, including who participates in it and some of their reasons for doing so. You’ll also gain an understanding of the complex nature of certain trading products, as well as some of the risks investors typically face.
We’ll also explore the use of margin in your account and provide you with a case study, showing how to invest in the stock of a non-domestic company listed on a foreign exchange, as well as guide you through entering an overseas trade on an online trading platform.
Read more
In this course, we’ll introduce you to the foreign currency market, including who participates in it and some of their reasons for doing so. You’ll also gain an understanding of the complex nature of certain trading products, as well as some of the risks investors typically face.
We’ll also explore the use of margin in your account and provide you with a case study, showing how to invest in the stock of a non-domestic company listed on a foreign exchange, as well as guide you through entering an overseas trade on an online trading platform.
Read more
In this course, we’ll introduce you to the foreign currency market, including who participates in it and some of their reasons for doing so. You’ll also gain an understanding of the complex nature of certain trading products, as well as some of the risks investors typically face.
We’ll also explore the use of margin in your account and provide you with a case study, showing how to invest in the stock of a non-domestic company listed on a foreign exchange, as well as guide you through entering an overseas trade on an online trading platform.
By the end of this course, you should gain a broad overview of the foreign exchange market, understand certain major currency products, and acquire some practical skills that will help you to dive-in and make trades on your own.
Register for this course and see more details by visiting:
OpenCourser.com/course/9xwbev/forex
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What's inside
Syllabus
Trading Around the World
Acquire the skills to make stock transactions in the foreign currency market on an online trading platform Understand market mechanics, including major and minor currency pairs, trading products, risks, market participants and their motives, as well as the foreign exchange marketplace and margin accounts.
Read more
Syllabus
Trading Around the World
Acquire the skills to make stock transactions in the foreign currency market on an online trading platform Understand market mechanics, including major and minor currency pairs, trading products, risks, market participants and their motives, as well as the foreign exchange marketplace and margin accounts.
Read more
Traffic lights
Traffic lights
Read about what's good
what should give you pause and
possible dealbreakers
Provides a broad overview of the foreign exchange market
Builds a foundation for beginners in foreign exchange trading
Taught by instructors with experience in the foreign exchange market
Students will learn practical skills for trading in the foreign exchange market
May require additional resources for in-depth knowledge of foreign exchange trading
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Reviews summary
Forex trading: beginner's global market overview
According to learners, this course offers a positive and fantastic introduction to the complexities of the foreign exchange market and international stock trading. Students appreciate its ability to provide a solid foundation in concepts like margin accounts, currency exposure, and market mechanics, making traditionally daunting topics incredibly clear. The course's practical case studies and demonstrations on entering overseas trades, particularly those utilizing the Interactive Brokers platform, are consistently highlighted as extremely helpful. While providing a broad overview and being perfect for beginners, a minority of learners note it may be too basic for seasoned traders seeking advanced strategies, and its heavy reliance on the Interactive Brokers platform might be a neutral point for those not using it.
Course content is tailored to the Interactive Brokers platform.
"It felt a bit like an extended commercial for Interactive Brokers at times, which was slightly distracting."
"I particularly appreciated the practical case study showing how to invest through Interactive Brokers."
"It does lean heavily on the Interactive Brokers platform, which is fine if I plan to use it, but less generalizable otherwise."
Explains challenging financial concepts effectively.
"The explanations on margin and currency exposure were incredibly clear."
"The explanation of margin accounts was easy to grasp."
"The discussion on market participants and their motives was insightful."
Provides actionable insights and hands-on trading examples.
"I particularly appreciated the practical case study showing how to invest through Interactive Brokers."
"The demonstrations on entering an overseas trade were especially helpful. The focus on practical application is key."
"I learned practical skills that helped me to dive-in and make trades on my own."
Offers a clear and accessible entry point to global trading.
"This course was a fantastic introduction to Forex and international stock trading."
"A solid foundation for understanding the foreign exchange market... for a beginner, it's very informative."
"This course provided a great introduction to the mechanics of forex and international stock trading. It's perfect for beginners..."
Content depth is ideal for novices, less so for experienced traders.
"While it provides a broad overview, it doesn't delve deeply into advanced trading strategies..."
"I came into this hoping for more advanced insights. It's strictly for beginners, offering only a surface-level introduction."
"I expected more in-depth analysis rather than just an overview."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Forex - Trading Around the World with these
activities:
Review Basic Statistics
Show steps
Recapping basic statistical concepts, such as mean, median, and standard deviation, will help you better interpret market data for informed trading decisions.
Browse courses on
Statistics
Show steps
-
Revise concepts of central tendency (mean, median, mode)
-
Review measures of dispersion (range, variance, standard deviation)
Organize Course Materials
Show steps
Organizing your notes, quizzes, and assignments in one place will help you easily review and retain the course material.
Show steps
-
Review notes from each class
-
Compile materials into a digital or physical notebook
-
Highlight key concepts
Explore Trading Platforms
Show steps
Familiarizing yourself with different online trading platforms will help you find the one that suits your trading style and needs.
Show steps
-
Compare fees and features of different platforms
-
Set up a demo account
-
Explore the platform's trading tools
-
Practice placing trades
Two other activities
Expand to see all activities and additional details
Show all five activities
Analyze Currency Pairs
Show steps
Analyzing currency pairs based on historical data will help you understand the dynamics of this market and make informed decisions.
Show steps
-
Select a currency pair
-
Plot historical data on a chart
-
Identify trends and patterns
-
Practice trading strategies
Practice Risk Management
Show steps
Practicing risk management techniques, like setting stop-loss orders and calculating risk-to-reward ratios, will help you manage your trading risks effectively.
Browse courses on
Risk Management
Show steps
-
Calculate potential profit and loss
-
Set stop-loss orders
-
Determine risk-to-reward ratios
Review Basic Statistics
Show steps
Recapping basic statistical concepts, such as mean, median, and standard deviation, will help you better interpret market data for informed trading decisions.
Browse courses on
Statistics
Show steps
Show steps
Show steps
- Revise concepts of central tendency (mean, median, mode)
- Review measures of dispersion (range, variance, standard deviation)
Organize Course Materials
Show steps
Organizing your notes, quizzes, and assignments in one place will help you easily review and retain the course material.
Show steps
Show steps
Show steps
- Review notes from each class
- Compile materials into a digital or physical notebook
- Highlight key concepts
Explore Trading Platforms
Show steps
Familiarizing yourself with different online trading platforms will help you find the one that suits your trading style and needs.
Show steps
Show steps
Show steps
- Compare fees and features of different platforms
- Set up a demo account
- Explore the platform's trading tools
- Practice placing trades
Two other activities
Expand to see all activities and additional details
Show all five activities
Analyze Currency Pairs
Show steps
Analyzing currency pairs based on historical data will help you understand the dynamics of this market and make informed decisions.
Show steps
Show steps
Show steps
- Select a currency pair
- Plot historical data on a chart
- Identify trends and patterns
- Practice trading strategies
Practice Risk Management
Show steps
Practicing risk management techniques, like setting stop-loss orders and calculating risk-to-reward ratios, will help you manage your trading risks effectively.
Browse courses on
Risk Management
Show steps
Show steps
Show steps
- Calculate potential profit and loss
- Set stop-loss orders
- Determine risk-to-reward ratios
Career center
Learners who complete Forex - Trading Around the World will develop knowledge and skills
that may be useful to these careers:
Trader
Trader
As a Trader, you buy and sell stocks, bonds, commodities, or currencies for a profit. The Forex - Trading Around the World course can help you develop the skills and knowledge you need to be successful in this role. The course covers topics such as market mechanics, major and minor currency pairs, trading products, risks, market participants and their motives, as well as the foreign exchange marketplace and margin accounts.
Foreign Exchange Trader
Foreign Exchange Trader
As a Foreign Exchange Trader, you buy and sell currencies on behalf of clients. The Forex - Trading Around the World course can help you develop the skills and knowledge you need to be successful in this role. The course covers topics such as market mechanics, major and minor currency pairs, trading products, risks, market participants and their motives, as well as the foreign exchange marketplace and margin accounts.
Risk Manager
Risk Manager
As a Risk Manager, you identify and manage risks for organizations. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the risks involved in international trade and develop strategies to mitigate those risks.
Investment Analyst
Investment Analyst
As an Investment Analyst, you research and analyze investments for clients. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed investment decisions for your clients.
Portfolio Manager
Portfolio Manager
As a Portfolio Manager, you manage a pool of investments for clients. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed investment decisions for your clients.
Financial Analyst
Financial Analyst
As a Financial Analyst, you research and analyze financial data to make investment recommendations. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed investment recommendations to your clients.
Investment Banker
Investment Banker
As an Investment Banker, you provide financial advice to companies and governments. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial needs of your clients and provide them with the best possible advice.
Hedge Fund Manager
Hedge Fund Manager
As a Hedge Fund Manager, you manage a pool of money for investors. You use a variety of investment strategies to generate profits for your investors. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed investment decisions for your clients.
Private Banker
Private Banker
As a Private Banker, you provide personalized financial services to high-net-worth individuals and families. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial needs of your clients and provide them with the best possible advice.
Wealth Manager
Wealth Manager
As a Wealth Manager, you provide comprehensive financial planning services to high-net-worth individuals and families. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial needs of your clients and provide them with the best possible advice.
Financial Advisor
Financial Advisor
As a Financial Advisor, you help clients plan their financial futures. This may include recommending investments and managing portfolios. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed investment decisions for your clients.
Corporate Finance Manager
Corporate Finance Manager
As a Corporate Finance Manager, you oversee the financial planning and management of a company. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you make more informed decisions about the company's financial strategy.
Data Analyst
Data Analyst
As a Data Analyst, you collect, analyze, and interpret data to help businesses make better decisions. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial data that you analyze and make more informed recommendations to your clients.
Business Analyst
Business Analyst
As a Business Analyst, you analyze and improve business processes. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial aspects of business and make more informed recommendations to improve business processes.
Management Consultant
Management Consultant
As a Management Consultant, you help businesses improve their performance. The Forex - Trading Around the World course may be useful to you in this role because it provides an overview of the foreign exchange market, including how to trade stocks of overseas-listed companies in foreign currencies. This knowledge can help you better understand the financial aspects of business and make more informed recommendations to your clients.
For more career information including salaries, visit:
OpenCourser.com/course/9xwbev/forex
Reading list
We've selected 12 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Forex - Trading Around the World.
Comprehensive guide to Forex trading, covering everything from the basics to the most advanced trading strategies.
Comprehensive guide to technical analysis, and it is essential reading for any Forex trader who wants to use this method to make trading decisions.
Classic guide to investing, and it is essential reading for any Forex trader who wants to learn how to make sound investment decisions.
Great read for anyone who wants to learn more about the psychology of money and how it can affect their trading.
Great read for anyone who wants to learn more about the habits of successful investors.
Classic guide to personal finance, and it is essential reading for anyone who wants to learn how to save money and invest wisely.
Great read for anyone who wants to learn more about personal finance and how to manage money wisely.
Great read for anyone who wants to learn more about how to get out of debt and save money.
Great read for anyone who wants to learn more about personal finance and how to manage money wisely.
Save
Great read for anyone who wants to learn more about how to save money and invest wisely.
Great read for anyone who wants to learn more about the mental game of baseball and how to improve their performance.
Save
Classic guide to strategy and warfare, and it is essential reading for anyone who wants to learn how to think strategically.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/9xwbev/forex
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Rating
4.3
Effort
Approx. 10 hours
Level
Introductory
Via
Coursera
Institution
Interactive Brokers
Instructors
Jeff Praissman
Steven Levine
Andrew Wilkinson
Lucas Deaver
Mary MacNamara
Language
English
Transcripts
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This course belongs to a
collection
called
Practical Guide to Trading. It's comprised of four courses:
- Derivatives - Options & Futures
- Fundamentals of Equities
- U.S. Bond Investing Basics
- Forex - Trading Around the World (viewing)
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