Unique of its kind in Lebanon according to its founder, the USJ Trading Club (UTC) aims to develop the potential of young academics interested in the vast world of the financial market by teaching them the basics and foundations of trading and by providing opportunities to experiment and analyze its processes. Launched in 2020 at USJ by Robert Karam, a young graduate in economics from USJ passionate about trading, the club, sponsored by Dr Georges Andrea, a finance specialist, today brings together more than 60 students from the faculties of economics (FSE), administration and management (FGM) and engineering (FI). “Studying the psychology and behavior of the markets is one of the main motivations that prompted me to set up this small ‘society’ of traders”, confides Robert Karam, 22 years old. And to add: “This is why I decided to put my experience in trading, accumulated over the years, for the benefit of young apprentices to launch them into the study of this market. A very ambitious mission that requires a high degree of commitment from future traders. “At the beginning, very few members were really aware of it”, indicates Cyril Smaira, student in 5th year of civil engineering at USJ and president of the club, specifying that the greatest challenge of the club is to form a cohesive team despite the differences.
To help club members progress in the study of capital markets, UTC organizes seminars and calls on many trading professionals to lead them. Students thus have the opportunity to improve their financial knowledge, to develop their analysis of technicality, economic indicators, risk management, etc. In addition, practice allows them to experiment with the techniques learned while giving them the opportunity to add their personal touch. Thus, each of them designs their own strategy, based on the methods learned.
Exchanges and sharing
On the other hand, club members meet online once a month to brainstorm ideas and share experiences and resources. In this way, the most experienced traders share their knowledge with others and make them benefit from their experiences. “It is essential to challenge yourself as a trader; but what matters most is not to take unstudied risks, the repercussions of which may prove irreversible and fatal on the future of the manager’s professional career”, warns the club president, before explaining: “ By limiting the capital invested, we can manage the risks. Portfolio diversification, through multiple investments such as equities, commodities (like gold) or even cryptocurrency, can also be a solution. »
In addition to the training of the members and their supervision, the club allows on the other hand to promote “the real image of trading”, as Cyril Smaira points out, indicating that many people have a false idea of trading. “It’s not a means of entertainment or an easy get-rich-quick investment,” corrects the 23-year-old student. “It is a profession that requires intellectual curiosity, relevance, composure, economic analysis based on statistics and probabilities and finally a rational practice in order to avoid any risk of loss”, indicates- he again, pointing out that “the powers of the financial market are often misinterpreted by traders, hence the importance of good cooperation between club members”. And to conclude: “Trading is a world in itself. It involves great risk and therefore requires crucial decision-making that determines both gains and losses. »
Unique of its kind in Lebanon according to its founder, the USJ Trading Club (UTC) aims to develop the potential of young academics interested in the vast world of the financial market by teaching them the basics and foundations of trading and by providing opportunities to experiment and analyze its processes. Launched in 2020 at USJ by Robert Karam, a young graduate…