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Megacoin (MEC)

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Forex Trading in Islam: Your views

ٱلسَّلَٰمُ عَلَيْكُمْ وَرَحْمَتُ ٱللَّٰهِ وَبَرَكَٰتُهُ
Before I get into the main question, I just want to clarify the reason I'm asking for individual views, is because this is supposedly a "grey area", and that means there will be a lot of difference of opinion, and of course, with these things everyone will have their own opinion on it based on their research.
Now I've done a fair amount of research, asked those who do it for a living, Muslim and Non Muslims, some of those Muslims are not practicing, some of them are, some of them are even Hafiz, so I would say I've asked a rather broad spectrum. The reply I get from almost everyone is along the lines of "if you know what you're doing, it's like any other business, similarly if you jump in blind without any knowledge or experience, then it becomes no different to gambling". Another point people raise is, "if it was Haram then why do brokers offer Islamic/Shari'a compliant accounts?", and "it's not classed as gambling by law in any country, that's spread betting (which is untaxed, where in the UK it is taxable income as it's not seen as gambling)"
The reason why I'm asking now personally is because I've spent a lot of time and money working on/with algorithms, tested and trialed a lot of different methods to remove this "gambling" connotation as much as possible, and feel like I've achieved a satisfactory result. However, I've recently seen videos where it mentions that since there are no tangible assets behind this, and it is just purchasing contracts for whether this currency/stock will rise or fall, it becomes Haram.
So where does that leave me and the other Muslims who have been depending on this for a living for many years? Have we been earning Haram all this time? I have constantly prayed for Allah to grant me success and wealth (since we're not a well off family by any means at all) mainly so I can help my parents. Now that I'm starting to see success and progress I don't know how to handle it Islamically. is this progress and income a blessing from Allah? Or am I just thinking that it is when I have been wasting my time. For further clarification I have not been earning any interest, and have been giving regular donations to charity and the local Masjids.
Jazakallah Khayr.
submitted by JJosuke434 to islam [link] [comments]

Forex Trading in Islam: Your views

submitted by JJosuke434 to IslamicFinance [link] [comments]

http://twitter.com/forex_in_world/status/1300607473028608004Swap View: Gold rises because the Dollar retains falling https://t.co/k0tBRMA5nw— FOREX IN WORLD (@forex_in_world) September 1, 2020

http://twitter.com/forex_in_world/status/1300607473028608004Swap View: Gold rises because the Dollar retains falling https://t.co/k0tBRMA5nw— FOREX IN WORLD (@forex_in_world) September 1, 2020 submitted by Red-its to forextweet [link] [comments]

what exactly is trading view and how does it differ from forex.com and onada

submitted by dylan_2210 to Forex [link] [comments]

http://twitter.com/forex_in_world/status/1275239579084259328USDCHF technical view and SNB monetary policy https://t.co/uaPBOAVkqk— FOREX IN WORLD (@forex_in_world) June 23, 2020

http://twitter.com/forex_in_world/status/1275239579084259328USDCHF technical view and SNB monetary policy https://t.co/uaPBOAVkqk— FOREX IN WORLD (@forex_in_world) June 23, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1275359172901646336Intra-Day News and Views & data to be released today- EUR/USD https://t.co/nxvi2God9s— FOREX IN WORLD (@forex_in_world) June 23, 2020

http://twitter.com/forex_in_world/status/1275359172901646336Intra-Day News and Views & data to be released today- EUUSD https://t.co/nxvi2God9s— FOREX IN WORLD (@forex_in_world) June 23, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1274966729861533696Intra-Day News and Views & data to be released today- EUR/USD https://t.co/hV3CPIPnOa— FOREX IN WORLD (@forex_in_world) June 22, 2020

http://twitter.com/forex_in_world/status/1274966729861533696Intra-Day News and Views & data to be released today- EUUSD https://t.co/hV3CPIPnOa— FOREX IN WORLD (@forex_in_world) June 22, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1274408398545719299USDCHF technical view and SNB monetary policy https://t.co/ECOR1liFIY— FOREX IN WORLD (@forex_in_world) June 20, 2020

http://twitter.com/forex_in_world/status/1274408398545719299USDCHF technical view and SNB monetary policy https://t.co/ECOR1liFIY— FOREX IN WORLD (@forex_in_world) June 20, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1274635959255085058USDCHF technical view and SNB monetary policy https://t.co/B0SuH0cq9g— FOREX IN WORLD (@forex_in_world) June 21, 2020

http://twitter.com/forex_in_world/status/1274635959255085058USDCHF technical view and SNB monetary policy https://t.co/B0SuH0cq9g— FOREX IN WORLD (@forex_in_world) June 21, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1273290345854439430EUR/USD: Wave view and interesting symmetrical downside https://t.co/aAFd2aqIol— FOREX IN WORLD (@forex_in_world) June 17, 2020

http://twitter.com/forex_in_world/status/1273290345854439430EUUSD: Wave view and interesting symmetrical downside https://t.co/aAFd2aqIol— FOREX IN WORLD (@forex_in_world) June 17, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1269892244351471617Intra-Day News and Views & data to be released today- EUR/USD https://t.co/jrrNCywthJ— FOREX IN WORLD (@forex_in_world) June 8, 2020

http://twitter.com/forex_in_world/status/1269892244351471617Intra-Day News and Views & data to be released today- EUUSD https://t.co/jrrNCywthJ— FOREX IN WORLD (@forex_in_world) June 8, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1267748555806162946Intra-Day News and Views & data to be released today- EUR/USD https://t.co/dduNjEgAfW— FOREX IN WORLD (@forex_in_world) June 2, 2020

http://twitter.com/forex_in_world/status/1267748555806162946Intra-Day News and Views & data to be released today- EUUSD https://t.co/dduNjEgAfW— FOREX IN WORLD (@forex_in_world) June 2, 2020 submitted by Red-its to forextweet [link] [comments]

http://twitter.com/forex_in_world/status/1263414310828720129Intra-Day News and Views & data to be released today- EUR/USD https://t.co/ba1z0xT4xo— FOREX IN WORLD (@forex_in_world) May 21, 2020

http://twitter.com/forex_in_world/status/1263414310828720129Intra-Day News and Views & data to be released today- EUUSD https://t.co/ba1z0xT4xo— FOREX IN WORLD (@forex_in_world) May 21, 2020 submitted by Red-its to forextweet [link] [comments]

Getting Started Day Trading

Currently the sub gets about 5-10, where do I get started, I want to get into day trading posts a day. We created a getting started wiki that no one reads. So I am going to post the link in this post. This post is to help anyone new and stop the same redundant posts that ask questions that have already been answered. There is and always has been a link for book recommendations at the bottom of the wiki. This post is a reminder that posts that are answered in the wiki will be removed.
https://www.reddit.com/Daytrading/wiki/getting-started-daytrading
submitted by Yoyoitsjoe to Daytrading [link] [comments]

Dodgy broker practices?

So this has been bothering me for a few days.
Last week I saw a trade setup on tradingview I placed on my MT5 account with my broker. Now that trade hit the stop loss but as it was a tight stop, I lost very little money and I thought it was legit until I checked tradingview.
The wick on the bar that hit my stop loss didnt exist on trading view but it was huge on my chart on MT5. Is this some sort of broker game to scam people and take their money?
submitted by I_BA1LEY_I to Forex [link] [comments]

View Profile: pipesarsenal - Forex Forum | Forex Trading Forums

submitted by vapearea to u/vapearea [link] [comments]

View Profile: Sowa990 - Forex Forum | Forex Trading Forums

submitted by vidos01 to u/vidos01 [link] [comments]

View Profile: Sowa990 - PAKISTAN Forex Forum

submitted by vidos01 to u/vidos01 [link] [comments]

View Profile: Sowa990 - PAKISTAN Forex Forum

submitted by vidos01 to u/vidos01 [link] [comments]

I have an 89% win rate over 18 trades, with a 27% profit. How many trades should I do before going live?

So I've been doing some scalping on pairs with high spreads in cryptocurrencies previously with great success, but I finally figured I'd give forex a real shot (was into it a few years ago, but didn't go live). Last time I scalped in crypto, I had 14 out of 14 successful trades, but only about a 10% profit. I haven't heard about anyone scalping the way I do in crypto, but I find my method extremely reliable when I just find the right pair to trade. This is just to say I have some experience with trading, but I'm by no means an expert.
Now, I've been scalping the past few days with a paper trading account on TradingView. I've mostly been trading the US Currency Index, S&P 500 and some crypto pairs thus far. I'm scalping on the 1m time frame using bollinger bands and looking at trends, price action and stoch RSI for confirmation on my entries. I started out with 100k a few days ago and first doubled my account to around 200k and then did a 1,3 mill trade, but I was running like 500-1000 USD per pip, so if the market turned against me, I'd be liquidated real quick. While the trades were good, I figured I was disconnected from the risk I was taking because it isn't real money, and I wanted to try doing more conservative and realistic trades, so I reset the account yesterday.
Edit (more trades done): Since the account was reset, I've done 45 trades where I've lost on two of them. If my math serves me right, that's about an 95.5% win rate. I'm up around 77.5% currently. I did lose 1500 on one trade, but that's because I by mistake placed a sell order when I was supposed to add another buy order double down on my long position, so I'm not counting that one in (but I'm not counting the 1500 I lost as profit either). I have a very strict strategy I'm sticking to when doing these scalps. I realize 45 trades is not a huge sample size, but that is kinda why I'm asking:
How many trades should I do on the paper trading account before I should run it live with confidence?
For anyone who might be interested, here's my account history: https://imgur.com/a/zuRSWwd
Edit: here's 6 trades more: https://imgur.com/a/CmbyU6n
Edit2: some more trades: https://imgur.com/a/q9xqVyq
Edit3: I think we're up to 45 trades now: https://imgur.com/a/CsWZEN7
submitted by imawfullyaverage to Forex [link] [comments]

Online FOREX Brokers – A Brokers View Of Who Wins & Loses PART 2

Online FOREX Brokers – A Brokers View Of Who Wins & Loses PART 2 submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

FOREX-Dollar near 2-week high vs yen, euro steady as traders trim rate cut views

TOKYO, July 26- The dollar stayed near a two-week high versus the yen on Friday as investors pared expectations for aggressive Federal Reserve interest rate cuts ahead of key U.S. economic data later in the day. The euro held gains after the European Central Bank kept policy unchanged, disappointing some market participants who had bet on an easing, but sources...
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

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