After completion of this course you will learn:

• What is currency trading and have a full understanding of how Forex market works
• Benefits of Forex Trading.
• To identify and analyze the global market and choose the currency pairs for your trading objectives.
• Learn to track and capitalize on market moves even if you don’t have access to complete research on underlying market conditions.
• Understand the difference between Forex and equities trading and how to use both in harmony.
• Learn how to trade Forex using the latest tools and software, and make predictions based on careful training from the pros.
• Use the Meta trader 4 platform
• Manage the risk to protect your money.

The post Forex Trading for Beginners first appeared on Modrika.

The post Options Trading first appeared on Modrika.

Ratio spreads indicate that the number of contracts bought and sold in a particular spread is uneven.  The defined risk that exists in a straight vertical spread does not apply to ratio spreads where there are more options bought than sold. This has to do with the velocity with which a particular underlying moves in a certain direction. You’ll be taught how to take advantage of that relationship and how to profit from it.  That also applies to spreads where there are more contracts bought than sold.

Collars refer to the strategy where an underlying such as a stock has its value collared by the purchase of a below market put along with the sale of an above market call. You’ll see how this strategy converts a stock shareholder into the owner of a vertical bull call spread or put spread. In the commodities world they are also referred to as “fences.”

Skewness might be the most important concept in the options trading world. I know that I look at two factors when I plan on trading a certain underlying, skewness and liquidity. Skewness reveals how fast it moves in one direction versus the other. Kurtosis refers to the pricing of out of the money options and their relationship to at the money options.

The post Ratio Spreads, Skewness & Kurtosis first appeared on Modrika.

When you trade futures or stock the variable that you have to worry about is price direction. If you are a buyer you want it to go up and if you are a seller you want it to go down. Options traders also need to look at the absolute movement in the underlying, the amount of time value that is embedded in the option premium as a result and the erosion of time value in an option premium. Remember, options are a wasting asset.

You need to know the delta, gamma, theta and vega for the options you are specifically trading and the other options that are listed as well. There’s an opportunity cost if you don’t know all of them. It’s not quite as daunting as it sounds. There is a big inter relationship amongst the Greeks and once you get used to using them they become much easier to understand.

The post The Greeks first appeared on Modrika.

Relative time value is what the spreads are all about. These spreads give you the opportunity to benefit from the wasting asset aspect of options when you buy the spread due to the front month option decaying more rapidly than the back month option. A big movement in the underlying will be detrimental to profitability when you buy the spread. The opposite occurs when you buy the front month and sell a further out month.

You will also learn how diagonal spreads work. Diagonal spreads combine elements of vertical spreads and time value spreads. You buy an option from one expiration cycle at a certain strike price while you sell an option in a different expiration cycle at a different strike price.

You will see how these spreads work when they are carried all of the way to expiration and also how they unfold before expiration. This will allow you to learn how to adjust these positions to your benefit.

The post Time Value Spreads first appeared on Modrika.

In an uneven butterfly spread you will learn how to vary volume and the width of the two vertical spreads that you are layering on top of one another. This creates different maximum profits and losses at different levels. The profit and loss characteristics remain defined, however. The skip strike butterfly keeps the volumes of a normal butterfly intact while varying the width of one of the vertical spreads.

You will learn how to construct an iron butterfly by combining a straddle with a strangle. You will also learn how to construct an iron condor by combining a purchase of a strangle with the sale of an equidistant strangle.

The post More Complex Vertical Spreads first appeared on Modrika.

In a basic debit or credit spread you buy and sell the same number of options, all calls or all puts, in the same expiration cycle at different strike prices. This substantially cuts down your risk should you be wrong even though it does limit your profits should the position move in your favor by a large margin. It is much more likely to hit singles and doubles than to hit a homer. Having been involved in options trading for over thirty-five years I can attest to the fact that traders who swing for the fences don’t last very long.

Beginning retail traders frequently believe, and are led to believe, that credit spreads are superior to debit spreads. You’ll learn that that is not true.

The post Vertical Spreads first appeared on Modrika.

The next thing that I’ll teach you is how to create synthetic options positions. This can be done by combining the underlying with options using different combinations. You can also create a synthetic buy or sell of the underlying by creating a specific combination of call and put options. If you are wondering why you should bother creating a synthetic short put when actual short puts are listed you shouldn’t. If you can sell the synthetic put for more than the actual put then you would be foolish not to. Knowing the synthetics inside and out is a must for all options traders.

The post Combining options with stocks , EFTs or futures first appeared on Modrika.

After you have a firm grounding in market fundamentals then you’ll be able to move onto options fundamentals. You’ll start out by learning about a real life situation that employs the fundamentals of options trading. You the learn a little about the history of options trading dating back to ancient Greece and progressing through eighteenth century England and nineteenth century America, finishing up with introduction of listed options in 1973.

Next in line is learning the actual mechanics of options trading. You’ll need to know these inside and out before you venture into deploying different options strategies. You’ll learn about the different types of options and their strike prices and expiration cycles. The different style options will be presented. You’ll learn about the different options series and classes of options. The exercise and assignment of options will be covered. Most importantly you’ll learn about option premium which is comprised of either time value, expiration value or a combination of both.

The post Market and Options Fundamentals first appeared on Modrika.

For sophisticated applications, there is no alternative but to work with Excel Objects which are manipulated using Visual Basic for Applications, the language for programming Excel. While some users program Excel using Macros, the true power of Excel can be accessed only with visual basic code. Many enterprises are unaware that the database in which they have invested millions of dollars is good only for storing and retrieving data but ill-suited for numerical analysis for which Excel is the appropriate tool. Thus, databases and numerical analysis tools (such as Excel) have distinct roles to play and an Excel based solution often requires the data component of the application to be supplied from an external source such as the Internet or the back-end server.

This course comprises of slide presentations, problem solving, and discussions on

• Conceptual topics,
• The architecture of the Excel User Interface,
• The Excel Programming Architecture,
• Important features of Excel,
• Excel objects and object hierarchy,
• The structure of the visual basic language for programming Excel.

Participants will be divided into groups of two to four and each group will work on situations using Excel; participants will receive a CD with topics for problem solving and will be encouraged to discuss and question.

Who Should Attend:- Candidates who are having any graduate degree.

• Components of Financial Modeling
• Definition of Financial Modeling
• Introduction to Financial Modeling
• What is not a Financial Model
• Advantages of Financial Modeling
• IPO Framework
• Layout Issues
• Examples of Models
• Databases and Spreadsheets
• Excel Overview
• Accessing Excel
• Code Modules
• Objects
• Collections
• Manipulating Objects
• Identifying Objects
• Worksheet as a Platform
• Form as a Platform
• Requirements for Modeling
  • Arrays
  • Functions
  • Built-In
  • Analysis Tool Pak
  • User-Defined
  • Names
  • Formatting Values
  • Excel Controls
  • Add-Ins
  • Data Validation
  • Data Management
  • Lists
  • Data Filters
  • D Functions
  • Pivot Tables
  • What-If Analysis
  • One Variable Data Tables
  • Two Variable Data Tables
  • Goal Seek
  • Solver
• Scenario Manager
• Entry Points into Excel
• GUI Vs Code
• Visual Basic Code
• Parts of a VB Procedure
• Executing Code
• Manipulating Excel with Objects, Properties and methods
• Object Hierarchy
• Object Collections
• Excel Object Model
• Macro Recorder
• Control Structures
• Types of Control Structures
• Excel Events
• User Forms
• VB Controls
• Alternatives to Forms
• VB Functions
• Object Browser
• Range Object
• Worksheet Object, Properties, Methods and Events
• Range Properties and Methods
• VB Variables and Constants
• Arrays
• VB Operators
• Examples of Code
• Hands-On Programming

The post Microsoft EXCEL and VBA Programming first appeared on Modrika.