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Renat Shiryaev
Renat Shiryaev

Learn Currency Derivatives with NISM Module Study Material PDF 13



NISM Currency Derivatives Module Study Material PDF 13: A Comprehensive Guide




If you are interested in learning about currency derivatives and how to trade them in the Indian market, then you might want to take the NISM Currency Derivatives Module exam. This exam is designed to test your knowledge and skills in the domain of currency derivatives and their applications. But how can you prepare for this exam effectively? And where can you find the best study material for it?




nism currency derivatives module study material pdf 13


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In this article, we will answer all these questions and more. We will explain what currency derivatives are, why they are important, what NISM is and why it is relevant, how to prepare for the exam, how to download the study material PDF 13, and how to use it effectively. By the end of this article, you will have a clear idea of how to ace the NISM Currency Derivatives Module exam and become a certified currency derivatives professional.


What are currency derivatives?




Currency derivatives are financial contracts that derive their value from the exchange rate of two or more currencies. They are used to hedge against the risk of fluctuations in currency prices, or to speculate on the future movements of currency prices. Some examples of currency derivatives are futures, options, swaps, and forwards.


Currency derivatives are traded on exchanges or over-the-counter (OTC) markets. In India, currency derivatives are traded on four exchanges: National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Metropolitan Stock Exchange (MSE), and Indian Commodity Exchange (ICEX).


Why are currency derivatives important?




Currency derivatives are important for several reasons. First, they help in managing the risk of exposure to foreign exchange rate movements. For example, if an exporter expects to receive payments in US dollars in the future, he can use currency futures or options to lock in a favorable exchange rate and protect himself from any adverse changes in the rupee-dollar rate.


Second, they help in enhancing returns by taking advantage of arbitrage opportunities or price differences between different markets. For example, if an investor notices that the euro-rupee rate is lower on one exchange than another, he can buy euros on the cheaper exchange and sell them on the more expensive one, making a risk-free profit.


Third, they help in diversifying portfolios by offering exposure to different currencies and markets. For example, if an investor wants to invest in foreign assets or companies, he can use currency derivatives to hedge his currency risk or increase his returns.


What is NISM and why is it relevant?




NISM stands for National Institute of Securities Markets. It is an educational initiative of the Securities and Exchange Board of India (SEBI), which is the regulator of the securities market in India. NISM was established in 2006 with the objective of enhancing the quality of securities market education and research in India.


NISM offers various certification programs for different segments of the securities market, such as equity, debt, mutual funds, commodities, etc. One of these programs is the NISM Currency Derivatives Module, which covers the basics of currency derivatives, their trading mechanisms, pricing, risk management, and regulatory framework in India.


NISM Currency Derivatives Module is relevant for anyone who wants to learn about currency derivatives and how to trade them in the Indian market. It is also mandatory for anyone who wants to work as a dealer, broker, analyst, or advisor in the currency derivatives segment. Passing this exam will demonstrate your competence and credibility in this domain and help you advance your career.


How to Prepare for the NISM Currency Derivatives Module Exam




Now that you know what currency derivatives are and why NISM is important, let's see how you can prepare for the NISM Currency Derivatives Module exam. Here are some of the key aspects you need to know about the exam:


Eligibility criteria




To be eligible for the exam, you need to fulfill the following criteria:



  • You must be at least 18 years old.



  • You must have a valid PAN card.



  • You must have a valid email ID and mobile number.



  • You must have a valid NISM enrollment ID, which you can obtain by registering on the NISM website.



Exam pattern and syllabus




The exam consists of 100 multiple-choice questions, each carrying one mark. You have to answer them in 120 minutes. The passing score is 60%. There is no negative marking.


The syllabus covers the following topics:



  • Basics of currency derivatives



  • Exchange-traded currency futures



  • Exchange-traded currency options



  • Trading strategies using currency futures and options



  • Clearing, settlement, and risk management



  • Accounting and taxation of currency derivatives



  • Regulatory framework for currency derivatives



  • Codes of conduct and investor protection measures



Study material and resources




The best study material for the exam is the NISM Currency Derivatives Module Study Material PDF 13, which is the latest version of the official workbook published by NISM. This PDF contains all the concepts, examples, diagrams, formulas, and practice questions that you need to master for the exam. You can download it from the NISM website for free.


Besides the PDF, you can also use other resources to supplement your preparation, such as:



  • NISM mock tests: These are online tests that simulate the actual exam environment and help you assess your readiness and identify your weak areas. You can access them on the NISM website for a nominal fee.



  • NISM question bank: This is a collection of previous year questions and answers that help you revise and practice the topics. You can access it on the NISM website for free.



  • NISM webinars: These are online sessions conducted by NISM experts on various topics related to currency derivatives. You can watch them on the NISM YouTube channel for free.



  • NISM e-learning: This is an online course that covers the entire syllabus of the exam in an interactive and engaging way. You can enroll in it on the NISM website for a nominal fee.



Tips and tricks




To ace the exam, you need to follow some tips and tricks, such as:



  • Plan your study schedule well in advance and stick to it. Allocate sufficient time for each topic and revise them regularly.



  • Read the PDF thoroughly and understand the concepts clearly. Don't memorize facts or formulas without knowing their logic or application.



  • Practice as many questions as possible from different sources. Solve them with accuracy and speed. Review your mistakes and learn from them.



  • Take mock tests frequently and monitor your performance. Identify your strengths and weaknesses and work on them accordingly.



  • Stay updated with the latest developments and trends in the currency derivatives market. Read newspapers, magazines, blogs, etc. that cover this domain.



  • Prepare well for the exam day. Arrive at the test center on time with all the necessary documents and equipment. Read the instructions carefully and follow them strictly. Stay calm and confident throughout the exam.



How to Download the NISM Currency Derivatives Module Study Material PDF 13




If you want to download the NISM Currency Derivatives Module Study Material PDF 13, you can follow these simple steps:



  • Go to the NISM website (www.nism.ac.in).



  • Click on "Certification" in the menu bar.



How to Download the NISM Currency Derivatives Module Study Material PDF 13




If you want to download the NISM Currency Derivatives Module Study Material PDF 13, you can follow these simple steps:



  • Go to the NISM website (www.nism.ac.in).



  • Click on "Certification" in the menu bar.



  • Select "NISM Series I: Currency Derivatives Certification Examination" from the drop-down list.



  • Scroll down to the section "Study Material" and click on the link "Download Workbook".



  • A new window will open with the PDF file. You can save it on your device or print it as per your convenience.



Benefits of downloading the PDF




Downloading the PDF has several benefits, such as:



  • It is free of cost and easily accessible.



  • It is updated and comprehensive.



  • It is written in a simple and lucid language.



  • It contains examples, diagrams, formulas, and practice questions.



  • It helps you prepare for the exam effectively and efficiently.



Alternatives to downloading the PDF




If you don't want to download the PDF or if you face any issues while downloading it, you can also use some alternatives, such as:



  • You can order a hard copy of the workbook from the NISM website for a nominal fee. You will receive it by courier within a few days.



  • You can access an online version of the workbook on the NISM website. You will need an internet connection and a browser to view it.



  • You can buy a printed copy of the workbook from any authorized book store or online platform. You will have to pay for it and check its authenticity and quality.



How to Use the NISM Currency Derivatives Module Study Material PDF 13 Effectively




Downloading the PDF is not enough. You also need to use it effectively to get the best results. Here are some tips on how to use the PDF effectively:


Reading and understanding the concepts




The first step is to read and understand the concepts covered in the PDF. You should start from the beginning and follow the sequence of topics. You should not skip any topic or jump ahead without completing the previous one. You should read each topic carefully and try to grasp its meaning and significance. You should also pay attention to the examples, diagrams, formulas, and definitions given in the PDF. They will help you clarify your doubts and enhance your understanding.


Practicing the questions and mock tests




The second step is to practice the questions and mock tests provided in the PDF. You should solve all the questions given at the end of each topic and check your answers with the solutions given in the appendix. You should also take all the mock tests given in the PDF and evaluate your performance. You should try to solve them within the given time limit and with accuracy. You should also review your mistakes and learn from them.


Revising and reviewing the topics




The third step is to revise and review the topics periodically. You should not forget what you have learned or lose touch with it. You should revisit each topic at regular intervals and refresh your memory. You should also revise all the important points, formulas, definitions, etc. before taking the exam. You should also review all your notes, summaries, highlights, etc. that you have made while studying.


Conclusion




In this article, we have covered everything you need to know about NISM Currency Derivatives Module Study Material PDF 13. We have explained what currency derivatives are, why they are important, what NISM is and why it is relevant, how to prepare for the exam, how to download the study material PDF 13, and how to use it effectively.


We hope that this article has helped you understand how to ace the NISM Currency Derivatives Module exam and become a certified currency derivatives professional. We wish you all the best for your exam and your career.


If you have any questions or feedback, please feel free to contact us or leave a comment below. We would love to hear from you.


Frequently Asked Questions (FAQs)




Here are some of the most frequently asked questions about NISM Currency Derivatives Module Study Material PDF 13:


Q1. How can I register for the NISM Currency Derivatives Module exam?




A1. You can register for the exam online on the NISM website. You will need to create an account, fill in your personal and professional details, upload your photo and signature, choose your exam date and center, and pay the exam fee. You will receive a confirmation email with your enrollment ID and hall ticket.


Q2. How much is the exam fee and how can I pay it?




A2. The exam fee is Rs. 1500 plus GST. You can pay it online using a debit card, credit card, net banking, or UPI.


Q3. How many times can I take the exam and what is the validity of the certificate?




A3. You can take the exam as many times as you want until you pass it. There is no limit on the number of attempts. However, you will have to pay the exam fee each time you take the exam. The validity of the certificate is three years from the date of passing the exam.


Q4. What are the benefits of passing the exam and getting the certificate?




A4. Passing the exam and getting the certificate will help you in several ways, such as:



  • You will gain knowledge and skills in currency derivatives and their applications.



  • You will be able to trade currency derivatives in the Indian market with confidence and competence.



  • You will be able to work as a dealer, broker, analyst, or advisor in the currency derivatives segment.



  • You will be able to enhance your career prospects and opportunities in the securities market.



  • You will be able to comply with the regulatory requirements and standards of SEBI and NISM.



Q5. Where can I find more information about NISM and its other certification programs?




A5. You can find more information about NISM and its other certification programs on its official website (www.nism.ac.in) or by contacting its helpline number (022-66735100) or email address (certifications@nism.ac.in). 71b2f0854b


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