Al Akhawayn Student Winner of FX Championship

 

Ismael Mohammed Chiba Bennani (‘13) won the 1st prize of the FX Championship, a three-week national trading competition organized by Elite Brokers LLC on November 11, 2012 in Casablanca.

Chiba Bennani, the only student representing Al Akhawayn School of Business Administration among 80 other students from different business schools in Morocco, won a trading account of $500 with the partner broker. 

“This championship was very interesting for me because I studied by myself technical analysis charts of prices and it was an opportunity to showcase my skills,” said Chiba Bennani. “Moreover, the classes I have taken in investment and international finance, and the trading room sessions at Al Akhawayn have enhanced my knowledge and helped me avoid many mistakes other contestants fell into while trading on the foreign exchange market.” 

Starting with an account of $10,000, the contestants were challenged to grow this capital as much as possible through a simulation of trading in the foreign exchange market. Chiba Bennani’s performance was the best as he increased his capital with a 151.25%, i.e. $25,125. The runner up prize went to Ilias Amharech from Institut des Hautes Etudes de Management (HEM) in Casablanca, with 125.94%. The Third prize went to Hicham Boubga student at Institut Supérieur de Commerce et d’Administration des Entreprises (ISCAE) in Rabat, who increased his capital with a 77.79%.