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Forex COB Training
Firstly, welcome to your enrolled learner course page. In addition, this course develops broad knowledge of foreign exchange investments, the regulatory framework, essential forex concepts, instruments, risks, fees, charges and South African tax considerations.
Build competence in foreign exchange investments
To begin with, Class of Business training provides broad knowledge of a recognised class of financial products. Moreover, this course introduces forex market structure, terminology, role players, instruments, risks and regulation.
COB and product-specific training
Importantly, COB training covers the wider foreign-exchange investment class. By comparison, product-specific training addresses a particular provider’s product features, rules, risks and conditions.
What the course covers
Meanwhile, learners examine market structure, regulation, currency concepts, forex instruments, volatility, leverage, transaction costs and general tax considerations.
What you should understand after completing the course
Firstly, define foreign exchange investments and explain their role within global financial markets.
In addition, describe forex market structure, participants, trading mechanisms and currency pairs.
Thereafter, explain the South African regulatory framework affecting foreign-exchange business.
Moreover, interpret quotations, rates, spreads, pips, positions, leverage and margin.
Similarly, compare common forex instruments, their uses and their principal risks.
Finally, identify relevant fees, charges and general South African tax considerations.
Introduction to Forex Investments
To begin, explore the foreign-exchange market, its structure, role players, currency pairs, platforms, strategies, risk management and trading psychology.
Begin Module 1 → NEXT · MODULE 2The Regulatory Framework for Forex Business
Next, examine regulators, exchange-control considerations, financial-services requirements and responsibilities affecting forex activities.
Continue to Module 2 → THEN · MODULE 3Forex Concepts
Afterwards, learn about quotations, bid and offer prices, spreads, pips, exchange-rate movements, positions, leverage and margin.
Study Module 3 → AFTERWARDS · MODULE 4Forex Instruments
Then, compare spot transactions, forwards, futures, options, CFDs, swaps and foreign-currency-denominated investment assets.
Explore Module 4 → FINAL · MODULE 5Fees, Charges and Tax
Finally, identify commissions, spreads, overnight costs, management and advisory fees, platform charges and general tax considerations.
Finish with Module 5 →Complete the course progressively
Forex COB Regulatory Reference
Specifically, Board Notice 194 of 2017 sets out the Fit and Proper Requirements for financial services providers and includes Class of Business training within the competence framework. However, an FSP must still confirm each person’s requirements with reference to the role, financial service, product category, supervision status and any applicable exemption.
Read Board Notice 194 of 2017 →Help while you learn
If you experience difficulty accessing a module or completing an activity, contact Nkwali Training for support.
WhatsApp support
You can also use WhatsApp on 068 140 5483.
When requesting help, include your full name and the module concerned.
Complete all five modules and prescribed assessments
Finally, follow the sequence above, work through every required learning activity and retain evidence of successful completion for the FSP’s competence records.
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