Forex or Foreign Exchange is a type of trading course, which studies the skills related to trading in the market of currency.
The training course can be offered through both online and offline mode. The Forex course covers the areas of market, where the government, investors, business persons and traders exchange currency for marketing.
The eligibility criterion for this course is that one must have to pass 12th grade in any discipline (arts, science, commerce or equivalent to it) with 50% marks.
After that one can do a Forex or Foreign Exchange course from a recognized institute or college.
- From the above given course highlights, you can get an idea on the different level degrees and certificate programs of Forex Course (also known as FX or Foreign Exchange).
- In all the levels of this Forex course, it takes a minimum of 6 months to complete in the online mode.
- The course is provided by many online learning platforms and many institutions of marketing and commerce.
- The average fee in these degrees and certificates varies with the duration and syllabus of the course.
After earning the certificate and degree in a Forex course, there are a lot of opportunities to start your career. You can do your higher education after completing the certificate and diploma level courses.
The sectors where the Forex course graduates can engage themselves are- regional private bank, government bank and industries, foreign bank (for e.g., Citibank, Abu Dhabi commercial bank, Industrial bank of Korea, Woori bank, etc.).
Forex Courses: Highlights
| Popular Courses |
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| Duration |
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| Eligibility |
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| Average Course Fees |
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| Online Courses | Available |
| Types of Online Courses | Coursera, Udemy, Benzinga, Edx, Udacity, Skillshare, Bitdegree. |
| Top Job Prospects | Forex Executive, Forex Analyst/ Associate, Forex Dealer, Research Analyst, Forex Trade Assistant, Funds & Banking Specialist, Trade Finance Operators, etc. |
| Average Salary |
|
From the above given table on course highlights, you might get an idea on the Forex Program and its courses of all levels. Lets see the details of every course one by one.
Certificate Forex Courses
The Certificate course in Forex or Foreign Exchange is a minimum of 3 month duration and maximum of 12 months duration.
- The course deals with both theoretical and practical papers on Forex courses.
- The minimum eligibility to take admission in this course is 12th grade in any discipline (arts, commerce, science or equivalent to it) with 40% minimum marks from a recognized board.
- The course covers the topics of foreign exchange of currency by the banks, business sectors traders; currency conversion, currency rate, etc.
- The job profiles after completing this course are: Foreign Exchange Dealer, Treasury Manager, etc.
- Average annual salary in these job positions is INR 3- 5 LPA.
Online Certificate Forex Courses
Some Online Certificate Course in Forex with its providers, duration and course fees are given below in the table:
| Certificate Name | Provider | Duration | Fees |
|---|---|---|---|
| Trading Strategies in Emerging Markets Specialization | Coursera | 6 months | Free |
| Introduction to Forex (Foreign Exchange) | edX | 2 week | INR 6,566 |
| Introduction to Financial Markets | Coursera | 2 days | Free |
| Forex Trading A-Z | Udemy | 1 week | INR 8,640 |
| Python and Statistics for Financial Analysis | Coursera | 2 days | Free |
| Introduction to Trading with Technical Analysis | edX | 3 months | INR 33,068 |
Offline Certificate Forex Courses
Some Offline Certificate Forex Courses are:
| Certificate Name | Colleges Offering | Average Fees |
|---|---|---|
| Forex and Treasury Management | ICAI, Delhi | INR 5,900 |
| Foreign Exchange Facilities for Individuals | IIBF, Mumbai | INR 1,600 |
| Certificate Course in Forex | IIBF, Mumbai | INR 1,100 |
| Certificate Course in Foreign Exchange | YMCA, New Delhi | INR 30,000 |
How are Admission in Certificate Programs of Forex Courses Done?
The admission procedures for Certificate course in Forex are:
- To take admission into this course one must have to pass the 10th and 12th grade in any discipline (arts, commerce, science) from a recognized board.
- One the basis of the marks of 12th grade, the institutes will select the candidates.
- After that the selected candidates can join in the course.
Top Colleges for Forex Courses Certificate in India
The top colleges or institutes offering the Online and Offline course in Forex are given below.
| World Ranking | College Name | Location |
|---|---|---|
| 3 | The Institute of Chartered Accountants of India | New Delhi, India |
| 53 | Indian School of Business | Hyderabad, India |
| - | Indian Institute of Banking & Finance | Mumbai, India |
Diploma & PG Diploma Forex Courses
The course is perusal in both online and offline mode.
- The duration of this course is 4 months – 3 years.
- The course deals with global currency, stock market, risk management in stock market and foreign exchanges, global currency, trading, currency rates, etc.
- After completing this course, you can go for higher education, like, Masters in Forex and Ph.D. in Forex.
- The various job positions after completing the course are: Trader, Senior Manager, Treasury Manager, etc.
- Average annual salary in this job position is INR 5- 8 LPA.
Top Diploma & PG Diploma Forex Courses
Diploma and PG Diploma Courses in Forex are:
| Diploma & PG Diploma Course Name | Colleges Offering | Average Fees |
|---|---|---|
| PG Diploma in Forex and Risk Management | World Trade Center, Mumbai | INR 35,000 |
| Diploma in Insurance and Risk Management | ICAI, New Delhi | INR 6,150 |
| PG Diploma in Foreign Trade | Savitribai Phule Pune University, Pune | INR 10,000 |
How are Admission in Diploma & PG Diploma Forex Courses Done?
- One must have to pass the 12th grade in any discipline with a minimum of 45% to take admission in Diploma and PG Diploma Courses in Forex.
- The selection will be based on the marks of 12th grade.
Top Colleges Offering Diploma & PG Diploma Forex Courses
Some top colleges for Diploma & PG Diploma in Forex courses are given below.
| Country University Ranking | College Name | Location |
|---|---|---|
| 2 | The Institute of Chartered Accountants of India | New Delhi, India |
| 14 | Savitribai Phule Pune University | Pune, Maharashtra |
| 55 | Pondicherry University | Kalapet, Puducherry |
| - | World Trade Center | Mumbai, Maharashtra |
Bachelor Forex Courses
Bachelor Degree in Forex Course can be pursued after completing the Diploma or PG Diploma Course in Forex.
- The time duration in Bachelor Degree in Forex Course is 3-years
- The course covers the topics, like, Global currency, market policies, currency rate, Pros and Cons, commercial banks, spot exchanges, etc.
- After completing this course, one can go for Masters in Forex Exchange Course, which is of 2 years duration.
- The various job positions after completing this course are: Forex Dealer, Treasury Manager, Treasury Officer, Accounting Manager, Account Assistant, Sr. Manager Exports, etc.
- Average salary in the above mentioned job positions is INR 6- 9 LPA.
Top Undergraduate(UG) Forex Courses
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| BBA in Forex Management | Chandigarh University, Ajitgarh | INR 48,000 | Business Administration |
| B.Com in Foreign Trade | Osmania University | INR 21,000 | Commerce |
| Bachelor Degree in Management Development Programmes | Indian Institute of Foreign Trade, Kolkata | INR 300,000 | Management Development |
How are Admissions in Bachelor Forex Courses Done?
The admission procedures for Bachelor in Forex Course are:
- To take admission in this course, one must have to pass the 12th/ Higher Secondary in any discipline with minimum 50% marks
- There will be an entrance examination to take admission in this course
- After that personal interview will be held for the candidates
- Then the name of the selected candidates will be released by the college or institutes.
- After that, the students can take admission in this course.
Colleges for Bachelor Forex Courses
| College Name | Location |
|---|---|
| Chandigarh University | Ajitgarh, Chnadigarh |
| Osmania University | Hyderabad, Telangana |
| Indian Institute of Foreign Trade | Kolkata, West Bengal |
Master Forex Courses
Master Degree in Forex Course is a 2 year duration program offered in Colleges or Universities by the Commerce and Banking Department.
- The course is perusal after completing Diploma or PG Diploma or Bachelor Degree in Forex with minimum 50% marks.
- In this course one can gain knowledge on various areas of Foreign Exchange, like, foreign exchange plans, policies, strategies; trading; commercial banks; stock markets, currency conversion rate, export-import policies, India’s foreign trade, financial management, etc.
- The syllabus of this Post-Graduation course in Forex is prepared in a way so that the students can gain both theoretical and practical knowledge on various topics of Foreign Exchange.
- Various job positions in this course are: Sr. Manager- Trade, Forex Settlement Officer, Treasury Technical, Forex Manager, Finance Analyst, Forex Executive, etc.
- The average salary in the above mentioned job position is starting from INR 9- 15 LPA.
Top Postgraduate (PG) Forex Courses
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| MBA in International Business | IIFT, Kolkata | INR 885,000 | Business Administration |
| MBA in Foreign Trade | Pondicherry University | INR 66,718 | Business Administration |
How are Admissions in Master Forex Courses Done?
The admission processes for the Master Degree in Forex Course are:
- One must have to pass the Bachelor Degree in Forex Courses with 50% marks.
- The students, who have pursued their Diploma & PG Diploma course in Forex Courses are also eligible for taking admission in this course.
- There will be an entrance examination for taking admission in this course.
- After entrance, personal interview will be held for the selected candidates
- After passing in the entrance exam and personal interview one can take admission in this course.
Colleges for Master Forex Courses
Top colleges for Masters in Forex Courses are mentioned below in the table:
| NIRF Ranking | College Name | Location |
|---|---|---|
| 13 | Pondicherry University | Kalapet, Puducherry |
| 26 | IIFT | Kolkata |
Doctorate Forex Courses
Doctorate or Ph.D. in Forex Course is a research program which can be pursued after a Master Degree in Forex.
- The duration of this degree is 3-years.
- The course focuses mainly on the topics, like, Foreign trade, World Trade Organization, India’s Foreign Policy, Currency Conversion in Global Market, etc.
- After completing this course, the students can engage themselves in many colleges and universities as Professors or Lecturers and also in regional as well as foreign banking sectors, government banks, trade & industry departments, etc.
- The average job salary in this course is INR 10- 18 LPA.
Top PhD Forex Courses
| Course Name | Top Colleges | Average Fees | Domain |
|---|---|---|---|
| Ph.D. in Foreign Trade | IIFT, Kolkata | INR 400,000 | Business Administration |
| Ph.D. in International Business | Pondicherry University | INR 30,168 | Business School |
| Ph.D. in Business Management | University of Delhi | - | Business Studies |
How are Admissions in Doctorate Forex Courses Done?
- One have to pass the Master Degree in Forex Courses to take admission in this course
- There will be Ph.D. entrance exam for taking admission in this course
- After that personal interview will be conducted by the admission authority
- After passing in the Ph.D. entrance examination, you can take admission in this course.
Colleges for Doctorate Forex Courses
| Country Ranking | College Name | Location |
|---|---|---|
| 6 | University of Delhi | New Delhi |
| 13 | Pondicherry University | Kalapet, Puducherry |
| 26 | IIFT | Kolkata |
| - | Mody University | Rajasthan |
What are the Top Job Options after Forex Courses?
There is a good scope in this field. One can do higher education and the job seekers can engage themselves in various banking and trading industries or sectors.
Forex Trade Assistant
The job role of a Forex Trade Assistant is to work with certified traders, so that they can learn how to sell commercial products in the global market on behalf of the clients to earn profit.
Average Salary: INR 4,25,000
Skills Required
- MS Excel, SQL, etc.
- Must have knowledge of economics and accounting
- Good communication skills
- Team work
Accounting Manager
Their job role is to develop a strong bond or relationship with the clients, business executives and stakeholders. They also have to prepare the sales report of the financial products.
Average Salary: INR 6,90,000
Skills Required
- Good communication skills
- Must have knowledge on technical and fundamental market
- Must have working attitude
- Should have experience of business development, sales, marketing skills
Trade Finance Executive
The Trade Finance Executives are responsible for managing the finance sections in the bank and treasury and also responsible for making foreign exchange strategies, plans and policies.
Average Salary: INR 600,000
Skills Required
- Should have knowledge of consumer finance products
- Team work
- Good communication skill
- Relationship development skills, etc.
Foreign Exchange Dealer
Their main responsibility is to deal with the market and sell the foreign exchange to their customers.
Average Salary: INR 3,20,000
Skills Required
- Deal with the foreign currency
- Relationship with the clients
- Financial markets and financial products
Sr. Manager Exports- Imports
The roles and responsibilities of the Sr. Manager of Export- Import is to process the export-import of financial products in the global market and ensures them with foreign government laws and regulations.
Average Salary: INR 15,00,000
Skills Required
- Risk management for import-export of products in the global market
- Build relationships with the clients, freight forwarders and brokerage services.
- Licensing of import and custom regulations.
Funds & Banking Specialist
Their roles are to provide friendly as well as professional services to the bank clients and also have to check the processes of customer deposits, cash checks etc.
Average Salary: INR 15,79,845
Skills Required
- Knowledge on portfolio management
- Experience in sales
- MS Office
- Good communication skills.
What Skills are Required in Forex Courses?
The companies always engage those graduates who have more than one skill. Hence, the different skills in Forex courses will help the students in getting a job easily. Some of those skills are given below in detail.
Python and Statistics for Financial Analysis Courses
- The course is available on various online learning platform
- 4 to 7 months or less than that time will need to complete this course in the online mode.
- Some of the online course providers offer the course at free of cost and in some online course learning platforms, the learners need to pay for the course.
- Some top course certificates are given below.
Top Python and Statistics for Financial Analysis Courses
The top course of Python and Statistics for Financial Analysis are as follow as:
| Course | Provider | Duration | Fees |
|---|---|---|---|
| Certificate in Python & Statistics for Financial Analysis | Coursera by the Hong Kong University of Science & Technology | 13 hours | Free |
| Forex Trading Using Python | Quantra | 2 hours | Free |
| Certification in Python for Finance: Investment Fundamentals & Data Analytics | Udemy | 9 hours | INR 455 |
| Python & Statistics for Financial Analysis Training | Gangboard | 20 hours | INR 20,000 |
Python and Statistics for Financial Analysis Course Syllabus
The syllabus of the course is given below:
| Visualizing and munging stock data | Financial analysis |
| Python programming | Linear regression models for financial analysis |
| Measuring investment risk | Capital asset pricing model |
Python and Statistics for Financial Analysis Job Profiles
- Financial analyst python
- Financial python developer
Risk Management
- One of the course skill of Forex course is Risk management
- The course can be pursued in various universities
- To learn this course, the learners have to pay. But in some online course provider platform you do not need to pay for the course, but must have to pay for the certificate.
Top Risk Management Courses
| Course | Provider | Duration | Fees |
|---|---|---|---|
| Portfolio & Risk Management | Coursera by University of Geneva | 8 hours | Free |
| Reinforcement Learning for Trading Strategies | Coursera by NewYork Institute of Finance | 12 hours | Free |
| Risk Management | Udemy | 1 hour (full lifetime access) | INR 455 |
| Hedging Foreign Exchange Risk | Coursera | 5 hours | Free |
Risk Management Course Syllabus
| Foreign exchange | Foreign exchange market |
| Risk management | Value at risk |
| Portfolio optimization | Reinforcement learning trading strategy development |
| Portfolio theories | Asset allocation |
Risk Management Job Profiles
- Associate- Forex Hedging
- Treasury- Forex Hedging
- Business Development Executive
- FX- Risk Manager
- Manager- Forex Trading & Strategy
- Quantitative Researcher- Risk Modeling
- Forex Payment Product Manager
Currency Trading and Strategy
- Forex Technical Strategy course is one of the course skill of Forex program
- The certificate course can be earn through online mode or through distance education in universities or colleges
Top Currency Trading and Strategy Courses
Top courses on Forex Technical Strategy course are as follows:
| Course | Provider | Duration | Fees |
|---|---|---|---|
| Introduction to Financial Markets | Coursera by ISB | 8 hours | Free |
| Forex Trading | Udemy | 2 hour | INR 455 |
Currency Trading and Strategy Course Syllabus
| Equity markets | Currency markets |
| Forex trading strategies | Risk management |
| Trading psychology | Forex trading technical analysis |
Currency Trading and Strategy Course Job Profiles
- Currency Trading Dealer
- Product Sales Manager- Trade & Forex
Forex Courses Online Fees and Rating Comparison
The best Forex courses with its fees and rating are given below in the table:
| Course | Provider | Duration | Ratings | Fees |
|---|---|---|---|---|
| Certificate in Python & Statistics for Financial Analysis | Coursera by the Hong Kong University of Science & Technology | 13 hours | 4.4 | Free |
| Forex Trading Using Python | Quantra | 2 hours | 4.5 | Free |
| Certification in Python for Finance: Investment Fundamentals & Data Analytics | Udemy | 9 hours | 4.5 | INR 455 |
| Python & Statistics for Financial Analysis Training | Gangboard | 20 hours | 5.0 | INR 20,000 |
| Portfolio & Risk Management | Coursera by University of Geneva | 8 hours | 4.7 | Free |
| Reinforcement Learning for Trading Strategies | Coursera by NewYork Institute of Finance | 12 hours | 3.7 | Free |
| Risk Management | Udemy | 1 hour (full lifetime access) | 4.5 | INR 455 |
| Hedging Foreign Exchange Risk | Coursera | 5 hours | 4.4 | Free |
| Introduction to Financial Markets | Coursera by ISB | 8 hours | 4.6 | Free |
| Forex Trading | Udemy | 2 hour | 4.3 | INR 455 |
Comparison of Online Platforms Offering Forex Courses
Now-a-days, you will get many Forex course providers on the internet. But the popular online course providers are Udemy and Coursera. Here, the comparison between the two online course providers.
| Parameters | Udemy | Cousera |
|---|---|---|
| Fees | INR 455 | Free (have to pay for the certificate) |
| Student Rating | 4.3 | 4.6 |
| Enrollment | 90,000 | 80,000 |
| Duration | 2 hours to 1 week | 6 months |
| Created by | Inhouse | Provided by Universities |
Forex Courses: FAQs
Ques. Can I do Masters in Forex Course after pursuing PG Diploma Course in Forex?
Ans. Yes. You can. But to take admission in this course, you must have to pass the entrance examinations.
Ques. What is the required qualification to take admission in a Master in Forex Course?
Ans. After pursuing a Diploma or PG Diploma Course in Forex Courses, you can take admission in this course. Other than that, Bachelor Graduates of Forex Course also can take admission in Masters in Forex Courses. The minimum mark for taking admission in this course is 50%.
Ques. What are the jobs after completing this course?
Ans. The Forex Course graduates can engage themselves in various Private or Government sector banks, trade departments, foreign banks.
Ques. What are the job positions in this course?
Ans. Various job positions in this course are: Forex Executive, Forex Analyst/ Associate, Forex Dealer, Research Analyst, Forex Trade Assistant, Funds & Banking Specialist, etc.
Ques. Which is the best online learning platform for the Forex course?
Ans. The best and popular learning platforms are- Udemy, Coursera and edX.
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