NISM Essentials / Series I

NISM Series I

Currency derivatives, learned the lean way.

₹499₹69929% off

NISM Series I covers how currency futures and options actually work, from exchange rates and contracts to trading, clearing, settlement and regulation. Essentials trims it to exactly what you need, with chapter-wise playbooks, sprint recaps, practice questions and five mocks, so you clear the exam without the fluff.

300+ questions

Chapter-wise practice that reinforces every concept as you learn it.

5 mocks

Three to clear and two bonus, mirroring the real exam.

Chapter-wise notes

Fin Maverick grade structured notes and cheat sheets.

Self-paced

Built for busy schedules, study whenever it fits.

Why NISM Essentials

Lean prep that clears the exam

Built for busy schedules, focused on the exam, and heavy on practice.

300+ questions

Over 300 chapter-wise practice questions that reinforce every concept as you learn it, not just at the end.

5 mocks

Five full-length mocks, three to clear and two bonus, so the real exam feels like one more attempt.

Focused prep

Purely aligned to the NISM syllabus and exam pattern. No detours, just what clears the exam.

Time-smart

Trimmed to exactly what you need, so you spend less time studying and more time moving forward.

The syllabus

Every chapter, mapped to the exam

Pick a chapter to see the concepts it covers and what you will be able to do by the end.

01Introduction to Currency Markets
What it covers
What currencies and exchange rates are
How the currency market is organised
Participants and market functions
By the end

Explain how currency markets work, who trades in them, and why they matter.

02Foreign Exchange Derivatives
What it covers
Forwards, futures, options and swaps
Uses of FX derivatives
Payoffs and quoting conventions
By the end

Identify the main FX derivative instruments and what each one is used for.

03Exchange Traded Currency Futures
What it covers
Contract specifications
Pricing and quotes
Margins and mark-to-market
By the end

Read a currency futures contract and explain how it is priced and margined.

04Strategies Using Currency Futures
What it covers
Hedging with futures
Speculation
Arbitrage opportunities
By the end

Apply currency futures to hedge, speculate, and arbitrage with confidence.

05Trading in Currency Futures
What it covers
Order types and the order book
The trading workflow
Position and risk controls
By the end

Place and manage currency futures orders on the exchange.

06Clearing, Settlement and Risk Management
What it covers
The clearing corporation
Settlement of currency futures
Margining and risk management
By the end

Trace a currency trade through clearing and settlement.

07Exchange Traded Currency Options
What it covers
Calls and puts on currency
Option payoffs and premium
Basic option strategies
By the end

Read currency options, draw their payoffs, and build simple strategies.

08Accounting and Taxation
What it covers
Accounting for currency derivatives
Taxation basics
Reporting requirements
By the end

Handle the accounting and tax treatment of currency positions.

09Regulatory Framework for Currency Derivatives
What it covers
SEBI and RBI regulations
Exchange rules and eligibility
Investor protection
By the end

Describe the rules and regulators that govern currency derivatives trading.

10Codes of Conduct and Investor Protection
What it covers
Code of conduct
Suitability and disclosures
Grievance redressal
By the end

Follow the conduct and investor-protection norms expected on the desk.

The study toolkit

Four ways you learn it

Every chapter is covered four ways, so it sticks and you clear the exam.

01

Playbooks

Chapter-wise visual playbooks that replace the workbook, with diagrams, a glossary and worked examples.

02

Sprint notes

Fast sprint recaps with tables and decision matrices to lock everything in before exam day.

03

Practice questions

Over 300 chapter-wise practice questions that reinforce each concept as you go, not just at the end.

04

Mock papers

Five full-length mock papers, three to clear and two bonus, that mirror the real exam.

Lean, focused prep, built to get you through NISM Series I and onto the currency desk.

Enroll in course
Student voices

Proof, not promises

Add your review +

Currency futures and options stopped being intimidating. The practice gave me reps until the exam felt like another round.

AV Arjun VermaCurrency desk