Foreign Exchange is an asset class with certain features that separate it from other investment and trading vehicles such as equity and bonds. Its daily volume of more than 5 Trillion USD dwarfs the daily volume of all other asset classes. One distinguishing feature of exchange rates say, USD/JPY is the importance of two economies, in this case that of the US and Japan. Further, unlike all other asset classes there are two players that can move the market s significantly, namely the central banks of the two countries. In addition to central banks, international companies with foreign sales are also active participants in this market together with retail investor/speculators that can leverage their position to levels not possible in say equity markets. Consequently, successful participation in this market requires attention to short term flows, attention to macroeconomic factors and economic releases, managing open positions, sizing of trades, risk management, attention to behavioral economics and a host of other factors. This course provide the students with the necessary knowledge and skills needed in trading and risk managing of F