Series 34 Home Study Course

(Retail Off-Exchange Forex)

Chapter 1: Definitions and Terminology
- Over Sixty Definitions!
Chapter 2: Forex Trading Calculations
- Cross rate transactions
- Summary
- Pip values, price after pips
- Security deposit, margin
- Effects of leverage calculations
- Netting of positions
- Profit & loss calculations
- Open trade variation
- Return on collateral
- Transaction costs
- Option profit & loss calculations
- Exotic option profit & loss calculations
Chapter 3: Risks Associated with Forex Trading
- Exchange rate risk
- Operational risk
- Settlement risk
- Country risk
- Credit risk
- Interest rate risk
- Liquidity risk
- Market risk
Chapter 4: Forex Market
- Concepts
- Market Participants
  - Hedgers
  - Speculators and Arbitrageurs
- Treasuries and Central Banks
  - U.S. Banking System
  - Fed Monetary Policies
  - Money Creation and Exchange Rate Intervention
- Inflation
- Exchange Rate Volatility
- The Theory of Purchasing Power Parity
- Balance of Trade and Current Account
- Capital Account
- Balance of Payments
- Fiscal Policy
- Bank for International Settlements (BIS)
- International Monetary Fund (IMF)
- World Trade Organization (WTO)
- Interbank Funds Transfer and Settlement Systems
  - Clearing House Interbank Payments System (CHIPS)
  - Fedwire®
- Portfolio Balance
- Theory of Elasticities
  - Elasticity of Exchange Rates
- The Fisher Effect
  - The International Fisher Effect
- Economic Indicators
  - Employment/Unemployment
  - Consumer Spending
  - Income
  - Industrial Indicators
  - Inflation Indicators
  - Gross National Product and Gross Domestic Product
  - Government Deficits
- Conclusion
Chapter 5: Forex Regulatory Requirements
- CFTC Jurisdiction and Jurisdictional Limitations
- Conflicts of Interest
- Disclosures to Customers/Know Your Customer
  - Rule 2-30
  - Rule 2-34
  - Rule 2-9
- Jurisdictional and Regulatory Framework
  - Rule 2-36
  - Rule 2-39
  - Rule 2-40
  - Rule 2-41
  - Rule 2-42
- NFA Interpretive Notice Regarding Forex Transactions
- NFA Interpretive Notice Compliance Rule 2-36(e): Supervision of the Use of Electronic Systems
- NFA Notice to Members: Supervision of Forex Promotional Materials
- NFA Membership and Associate Membership Requirements.
- Promotional Material and Solicitation.
- Registration Requirements
- Reports to Customers, Confirmations, Monthly Summaries
- Security Deposit Rules
- Security of Customer Funds, No Segregation

The Center's Series 34 Home Study Course is the newest prep course for the Series 34 exam on the market with up-to-date information, rules and regulations and examples.

Series 34 Home Study Course

(Retail Off-Exchange Forex)

Table of Contents