STEP 1: OVERVIEW OF FX MARKETS Unique features and Structures of FX market STEP 2 : NATURE , SIZE and LIQUIDITY of FX MARKETS STEP 3 : FX QUOTES Direct quote Vs indirect quote Cross quotes STEP 4 : ROLE OF REGULATORS STEP 5 : SPOT – FORWARD RATES STEP 6 : EXCHANGE RATE DRIVERS STEP 7 : TRADING IN FX MARKETS STEP 8 : SPOT RATE QUOTATION STEP 9 : FORWARD RATE INTRODUCTION STEP 10 : CURRENCY FUTURES INTRODUCTION STEP 11 : CURRENCY OPTION and SWAP INTRODUCTION STEP 12: EVALUATION