SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Enhance work practices within trading by the application of market knowledge 
SAQA US ID UNIT STANDARD TITLE
117807  Enhance work practices within trading by the application of market knowledge 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  15 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2004-08-11  2007-08-11  SAQA 0355/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-08-11   2011-08-11  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is for learners working in a forex section of a financial institution and will enable them to apply market knowledge to enhance their trading ability in a foreign exchange environment.

Successful learners will be able to:
  • Analyse the various fundamental indicators
  • Keep abreast of daily economic market trends and developments within the foreign exchange trading environment
  • Integrate and apply market knowledge for trading purposes 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communication at NQF Level 3
  • Mathematical Literacy at NQF level 3
    The unit Standard entitled, "Operate systems to accommodate the defined situations within a trading environment". 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the various fundamental indicators. 
    OUTCOME RANGE 
    Market movements driving the profits and losses of an economy which are derived from fundamental factors including macro-economic indicators such as GDP, CPI, PPI, Balance of Payments, Employment cost data, Employment reports, inflations, new home sales, imports and exports 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The drivers of profit in the various currency markets are identified and investigated through the analysis of macro-economic indicators. 

    ASSESSMENT CRITERION 2 
    Historical and current market news and events are identified and analysed according to the types of currencies being traded 

    ASSESSMENT CRITERION 3 
    The basic theories of the various macro-economic indicators are identified and analysed according to latest news events and economic data releases of an economy 

    SPECIFIC OUTCOME 2 
    Keep abreast of daily economic market trends and developments within the foreign exchange trading environment. 
    OUTCOME RANGE 
  • Risks include monitoring the strengths and weaknesses of the various economies whose currencies are being traded and identifying the depreciation and strength of each of those currencies being traded.
  • Research includes the Internet, research centres, seminars, workshops, television, magazines and newspapers 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The performance and profitability of a currency is evaluated and based on its past performance and the economics of its country 

    ASSESSMENT CRITERION 2 
    The risks of currencies are evaluated based on past performance and the economics of its country 

    ASSESSMENT CRITERION 3 
    Threats and opportunities of currencies to be traded are identified and analysed through research and media in the various economies 

    SPECIFIC OUTCOME 3 
    Integrate and apply market knowledge for trading purposes. 
    OUTCOME RANGE 
    Profit earning recommendations based on threats and opportunities are identified in the various currency markets and systems used to do this are also identified and accessed. These systems include the Internet, television, magazines, newspapers, computers and software packages. Impacting variables are assessed according to economic statistics 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Various systems specific to the type of research needed are used to identify and analyse market knowledge in order to make profitable trades 

    ASSESSMENT CRITERION 2 
    Market conditions are identified and analysed according to the types of currencies being researched 

    ASSESSMENT CRITERION 3 
    Profit earning recommendations are made based on research which has been identified and analysed using the various research systems 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The terminology relating to the Foreign exchange markets and instruments in respect of currency language
  • The basic theories of fundamental analysis including macro economic indicators
  • The basic concepts pertaining to macro-economic indicators
  • The basic risk evaluation techniques and strategies
  • Market research and SWOT (Strengths, weaknesses, opportunities and threats) analysis techniques
  • Financial principles and profit forecasting pertaining to the fundamental analysis of economies and the financial markets
  • Banking system applications 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner will be able to identify and solve problems and display responsible decision-making by using models to analyse trading opportunities and threats 

    UNIT STANDARD CCFO COLLECTING 
    The learner will be able to collect, organise and critically evaluate information to establish a comprehensive understanding of the foreign exchange markets according to historical and current market news 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will be able to communicate effectively using visual, mathematical and language skills in oral and written form to track and research foreign markets 

    UNIT STANDARD CCFO SCIENCE 
    The learner will be able to use technology effectively and critically in analysing research data pertaining to foreign markets 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner will be able to demonstrate an understanding of the world as a set of related systems and recognise that problem-solving contexts pertaining to the foreign exchange markets do not exist in isolation and must be considered in a foreign exchange market context 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    Supplementary information:
    Legal:
  • The FAIS (Financial Advisory Intermediary Services) Bill
  • The Financial Services Association
  • The Reserve Bank rules and regulations for exchange control
  • The Financial Markets Control Act

    Terminology:

    An understanding of terminology for foreign trading is required
    Refer to Who Owns Whom's Dictionary of Stock Market Terms. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Absa Learning & Development 
    2. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.