Courses Infomation

Business Process Management by John Jeston

Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Business Process Management, a huge bestseller, has helped thousands of leaders and BPM practitioners successfully implement BPM projects, enabling them to add measurable value to their organizations. The book’s runaway success can be attributed partly to its overview of all major useful frameworks (such as LEAN and Six Sigma) without over-investment in one over another, and a unique emphasis on BPM’s interrelationship with organizational management, culture and leadership―BPM is about people as much as processes. Its common-sense approach teaches how BPM must be well-integrated across an entire business if it’s to be successful: augmented and aligned with other management disciplines.

This highly anticipated third edition brings Jeston and Nelis’ practicable frameworks and solutions up-to-date with the latest developments in BPM, including the application of the frameworks to value-driven BPM.

This thoroughly revised and updated new edition includes:

Enhanced pedagogy to help students learn and tutors use the book for their classes: now includes learning outcomes, chapter topics, learning objectives, highlighted key points, chapter summaries, critical discussion points and self-test questions
New and revised case studies throughout
New chapters on questions that have become more crucial since the second edition’s publication: How should we start―top-down or bottom-up? Should we be customercentric? How does BPM link to today’s most pertinent management and technology issues? What are the critical success factors?
Due to popular demand, a new and expanded section on IT in BPM
A brand new companion website including slides and assignment answer

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Business Process Management by John Jeston

About Author

I have over 30 years of experience in senior executive and consulting positions. Executing strategy to deliver business benefits is difficult. I have deep experience in working with senior executives in assisting them in business transformation and to set up their strategy for success.
I have serious experience in getting things done – the right way. For over 30 years I have covered business transformation, Business Process Management (BPM), IT and business procurement, strategic procurement, business process re-engineering, project management, shared services creation, systems development, outsourcing, and general management. I have held the positions of Financial Controller, Divisional Manager, Company Director, Partner, HR Director and Chief Information Officer (within General Motors).
I am an internationally recognised thought leader in process-led transformation strategy and implementation. I have provided these services to significant organisations throughout Australia, Europe, Saudi Arabia, Dubai, the United Kingdom, Mexico, Brazil, Portugal, SE Asia, Russia, Turkey, North America and southern Africa. I have authored a number of books and more than 30 published articles on BPM and high performance management and worked with the London Business School and the London Speakers Bureau. I am a regular speaker at conferences, a Master Project Director and am a Chartered Accountant.
I am married to Yvonne and have four wonderful children and live on my small farm. In my spare time I have written two books on running, am a master scuba diving instructor, race kayaks (winning several medals at the Australian Championships and competed at the World Masters Games), weight train, ride a road bike, and have a significant passion for learning, research and sharing his knowledge with others.