The foreign exchange market is the largest financial market in the world, transferring billions of dollars' worth of foreign currencies between countries. Hakam Abdul El Mitshu, Luther College senior of Tripoli, Libya, is researching and building opening and closing strategies for foreign exchange traders for his summer research project at the college.
El Mitshu is a recent graduate of the United World Colleges Atlantic College. He is majoring in management with a minor in economics at Luther.
"True education is based on the idea of asking questions and finding answers," said El Mitshu. "Once I proposed this research question, the first thing Luther did was give me all the resources I needed to make it happen."
He is working with Tony Mutsune, Luther associate professor of management and economics, on his project "How Awareness and Planning Could be the Key to Successful Forex Trading."
The foreign exchange (Forex) market is a crucial part of today's global market, catering to the high demand for currency exchange. By taking a deeper look into how daily politics and conflict can impact the market, El Mitshu and Mutsune are searching for strategies that traders can use to determine whether or not to close at a certain position, and how to determine and minimize risk.
The group's collaboration is one of 26 summer student-faculty research projects funded through Luther's College Scholars Program and Dean's Office. The Student-Faculty Summer Research projects provide students an opportunity to research topics of interest alongside Luther faculty. This program is one of a wide selection of experiential learning opportunities at Luther intended to deepen the learning process and that are part of Luther's academic core.
The results of the project will be presented at Luther's Student Research Symposium in 2018.
A national liberal arts college with an enrollment of 2,150, Luther offers an academic curriculum that leads to the Bachelor of Arts degree in more than 60 majors and pre-professional programs. For more information about Luther visit the college's website: http://www.luther.edu.