Forex Trading is Halal or Haram In Islam?

I am traveling to Middle East and South –East Asia in the upcoming weeks where the population is largely Muslim and before my trip all my soon to be trainees  are asking “Forex is Halal or Haram?” It's my Personal opinion, I am sorry if anyone hurts with it.

I believe that " Selling currencies is usually done without the hand to hand exchange which makes them permissible according to sharee’ah."

Forex is Halal if you are not gambling and have your end goals clearly distinguished.

1- As a Forex trader you need to have a reason to take that action (sell or buy)

2- Not gamble on the trend direction but analyze the market

3- Not trade for the sake of excitement but trade for the potential income and to make a living

4- Not to approach it as a game but as a job

5- Have a mindset to win or to protect your equity rather than telling yourself “if I win I win, if not next time”

6- You learn from your losses and move on with the decision taken by yourself rather than blaming the market or blaming the situation.

It's a bit blurry so to say. 
But if you're honest to yourself, you know whether you're trading or gambling.

Join here :  Forex trading

Comment your Number if you are interested.  

During the overlap with the London session we expect an important inflation

New York Session

During the overlap with the London session we expect an important inflation-related release from Germany and more PMI from the USA:

1. German CPI (MoM) (Dec) | Germany
2. Manufacturing PMI (Dec) | United States
3. ISM Manufacturing Employment (Dec) | United States
4. ISM Manufacturing PMI (Dec) | United States

SIGN UP FOR DAILY-FREE FOREX SIGNALS

‪#‎Crude_Oil‬ Tuesday :The week’s first oil-related macroeconomic release is:

‪#‎API‬ Weekly ‪#‎Crude_Oil_Stock‬
The American Petroleum Institute (API) reports inventory levels of US crude oil, gasoline and distillates stocks on a weekly basis. The figure shows how much oil and product is available in storage.The API Weekly Crude Oil Stock indicator gives an overview of US petroleum demand. Higher stock implies weaker demand or oversupply and it is bearish for crude prices, while lower stock implies higher demand and it is bullish for oil prices. While it is nearly impossible to predict the actual reading of the release, the event can be used for the timing component of a trading strategy for the instrument.
For More Detail pm Me.

FOREX-Dollar edges lower ahead of this week's payrolls, China survey

• 
  
  
  
  
  
  USD May Consolidate Before Pushing Higher
• USDJPY 120.32 with a general USD+ sentiment so far as Europe gets underway.
• USD/JPY is poised for a big break USD/JPY finished last week strong with a 75 pip rally in the final six hours of trading.
• European Factors to Watch-Futures fall, Spain in focus after Catalan result.
• FOREX-Dollar edges lower ahead of this week's payrolls, China survey
• EM ASIA FX-Baht, peso edge higher; ringgit slips
• Oil prices fall on slowing global economic growth outlook
• Japan leading index CI July final 105.0 vs 104.9 prev
• Option expiries 10am NY cut today 28 Sept
• Report: China expected to unveil new growth measures. More rate cuts coming
• Chinese August industrial profits -8.8% y/y vs -2.9% prior
• Eurostoxx 50 futures down 1.2% in early European trading

• Softer sentiment as Europe gets underway

DAX futures -1.2%

CAC40 -1.0%

FTSE -0.7%

Bund futures up 28 at 155.71

Nikkei 225 closes down -1.32% at 17,645.11

• A steady session after early dip

-235.40

open 17811.12

high 17886.49

low 17562.80

USDJPY 120.26

Australia's S&P/ASX200 closes up +1.24% at 5104.60

• Switzerland opens investigation of precious metals manipulation

-those banks include UBS, Deutsche, Julius Baer, HSBC, Barclays, Morgan Stanley, Mitsui

suspicion relates to possible co-ordination of prices, namely bid/ask spreads

expects resolution in probe some time in 2016/2017

• Mr Yawnfest speaking in Osaka and delivering the same old drivel price trend is improving

1. will adjust policy if there are changes in price trend
2. sees reaching 2% price target in around H1 2016
3. further momentum needed to achieve 2% target
4. BOJ easing is exerting intended effect
5. rehang 2% target could come earlier or later depending on oil price

For Free Forex , Comex , CFD  Signals you can fill this form :

SIGN UP FOR DAILY-FREE FOREX SIGNALS 

Global stocks mostly lower. Investors await Yellen's speech for fresh clues on the Fed’s plan to raise rates

Stocks pared morning losses, but still ended moderately lower ahead of Yellen's speech:

U.S. stocks dropped but pared their steepest intraday declines, as worries over slowing global growth lingered.

Dollardips before Yellenspeech-Thursday's markets news so far

Dow futures were briefly down more than 150 points, while S&P 500 and Nasdaq futures also traded lower.

Treasury yields held lower, with the 2-year yield at 0.68 percent and the 10-year yield at 2.10 percent.
The U.S. dollar traded lower against major world currencies, with the euro at $1.125 and the yen at 119.4 yen against the greenback.

Stocks remain stuck in low gear following a late-August selloff, and last week’s decision by the Federal Reserve to keep rates near zero affirmed investors’ fears that growth had hit a rough patch.

The S&P 500 lost 6.52, or 0.3%, to 1932.24, while the Nasdaq Composite shed 18.27, or 0.4%, to 4734.48.

Bond prices rose, sending the yield on the 10-year Treasury note falling to 2.125% from 2.144% Wednesday.

U.S. stocks have generated wide swings in recent sessions since a late-August slide sent major indexes into “correction” territory, which is marked by a decline of 10% or more from a recent peak.

For Free Forex , Comex , CFD  Signals you can fill this form :

SIGN UP FOR DAILY-FREE FOREX SIGNALS 

AUD/USD continued its fall and hit the round number

AUD/USD continued its fall and hit the round number. It actually dipped below the 70 cent number, but the break is far from being confirmed.

Will it be carried lower by global gloom or can it recover?

This is basically an extension of the fall seen yesterday, that was triggered by the weak Chinese data. The independent Caixin manufacturing PMI for September deteriorated to a new low: 47 points, the lowest since the crisis.

In Australia we didn’t have much to trigger this. Yesterday’s CB Leading Index came out at +0.3% and the next piece of meaningful news comes only next week. Nevertheless, weakness in commodity prices and commodity currencies is affecting the Aussie.

The fall so far only reached 0.6988. A confirmation is still awaited. The next level on the downside is the round 0.69. A lot depends on the global mood.

For Free Forex , Comex , CFD  Signals you can fill this form :

SIGN UP FOR DAILY-FREE FOREX SIGNALS 

EURUSD Is Sideways On Charts | Free Forex Signals | Currency Trading

Get daily free forex signals on your mobile, by our research experts, based on fundamental and technical analysis.

Today we are sharing EUR/USD Currency Trading Signals. 

SUMMARY:

The secondary trend of EURUSD is sideways on charts but from past few trading sessions prices are not sustaining at higher levels. In its 4 hourly chart, prices are consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also providing resistance to the prices & supporting the further downtrend. The pair is taking support at an important level of 1.0965. If it breaks its support level & sustains below it then we can expect it to come down to the levels of 1.0905/1.0870  in next few days.

SIGN UP FOR DAILY-FREE FOREX SIGNALS

EURUSD ( 4 Hourly )

EURUSD Chart Today

INDICATORS:

MACD is sustaining in selling territory, supporting the further down side movement in the market.

STRATEGY: 

EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0894	1.0944	1.0995	1.1045	1.1096	1.1146	1.1197
GBP/USD	1.5442	1.5486	1.5546	1.5590	1.5650	1.5694	1.5754
USD/JPY	120.66	121.19	121.88	122.41	123.10	123.63	124.32
USD/CHF	0.9323	0.9363	0.9395	0.9435	0.9467	0.9507	0.9539
AUD/USD	0.7364	0.7406	0.7453	0.7495	0.7542	0.7584	0.7631
EUR/GBP	0.7009	0.7039	0.7061	0.7091	0.7113	0.7143	0.7165
USD/CAD	1.2493	1.2528	1.2595	1.2630	1.2697	1.2732	1.2799
NZD/USD	0.6604	0.6635	0.6653	0.6684	0.6702	0.6733	0.6751

SIGN UP FOR DAILY-FREE FOREX SIGNALS

EUR/USD Is Bullish On Charts | Free Forex Signals | Currency Trading

Get daily free forex signals on your mobile, by our research experts, based on fundamental and technical analysis.

Today we are sharing EUR/USD Currency Trading Signals.

SUMMARY:

The primary trend of EURUSD is bullish on charts. The pair is sustaining at higher levels and is likely to continue its up rally. In its 30 minutes chart, it is consolidating with strong positive bias give break out at upside. It is facing an important resistance at the level of 1.1287. 30 and 200 DMA are also supporting the upcoming bullish trend in the pair. If it breaks the resistance level of 1.1292 at upside then we can expect it to test the level of 1.1325/1.1355.

SIGN UP FOR DAILY-FREE FOREX SIGNALS

EURUSD ( 30 Minutes )

EURUSD Chart Today

INDICATORS:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. 
MACD is also sustaining in buying territory supporting the upcoming bullish trend in the pair. 

STRATEGY: 

EURUSD is looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

PIVOT POINTS :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0934	1.1006	1.1140	1.1212	1.1346	1.1418	1.1552
GBP/USD	1.5135	1.5192	1.5266	1.5323	1.5397	1.5454	1.5528
USD/JPY	122.87	123.32	123.79	124.24	124.71	125.16	125.63
USD/CHF	0.9158	0.9229	0.9284	0.9355	0.9410	0.9481	0.9536
AUD/USD	0.7678	0.7713	0.7750	0.7785	0.7822	0.7857	0.7894
EUR/GBP	0.7166	0.7207	0.7278	0.7319	0.7390	0.7431	0.7502
USD/CAD	1.2256	1.2318	1.2386	1.2448	1.2516	1.2578	1.2646
NZD/USD	0.7027	0.7071	0.7112	0.7156	0.7197	0.7241	0.7282

SIGN UP FOR DAILY-FREE FOREX SIGNALS

AUD/USD Is Sideways | Free Forex Signals | Currency Trading

Get daily free forex signals on your mobile, by our research experts, based on fundamental and technical analysis.

Today we are sharing AUD/USD Currency Trading Signals.

SUMMARY : 

The secondary trend of AUD/USD is sideways and from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 0.7795. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 0.7730/0.7690 in today's session.

SIGN UP FOR DAILY-FREE FOREX SIGNALS

AUD/USD ( 4 Hourly )

AUDUSD Chart Today

INDICATORS :

MACD is sustaining in selling territory, indicating the upcoming bearish trend in the pair.

STRATEGY : 

AUD/USD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


SIGN UP FOR DAILY-FREE FOREX SIGNALS

EUR/NZD Is Further Bearish | Free Forex Signals | Currency Trading

Get daily free forex signals on your mobile, by our research experts, based on fundamental and technical analysis.

Today we are sharing EUR/NZD Currency Trading Signals.

SUMMARY : 

The primary trend of EUR/NZD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.5025. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 1.4960/1.4910 in today's session.

SIGN UP FOR DAILY-FREE FOREX SIGNALS

EUR/NZD ( Hourly )

EURNZD Chart Today

INDICATORS

MACD is sustaining in selling territory, indicating the upcoming bearish trend in the pair.

STRATEGY : 
EUR/NZD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


SIGN UP FOR DAILY-FREE FOREX SIGNALS

Currency Trading - The Future Of Investment | Free Forex Signals

Get daily free forex signals on your mobile, by our research experts, based on fundamental and technical analysis.

Today we are sharing Currency Trading - The Future Of Investment.

Forex Trading, meaning Currency Trading, is a world wide, little known market, which will become the most popular source of income for investors in the very near future. It is open for banks, rich investors and small ones alike and, depending on the sum of money they are willing to risk, the earnings demonstrate this is the best way to start getting rich.

SIGN UP FOR DAILY-FREE FOREX SIGNALS

Why choose currency trading over stock, real estate or futures trading?

The currency trading advantages are speed, liquidity, commission-free transactions, increased safety, short-term trading and great earnings. Let's study each of these advantages in other trading systems:

• Speed: Currency trading is instant due to a large amount of transactions while future trading implies a longer time to trade certain commodities, agricultural products, financial instruments and goods (contracts need to be written and signed)

• Stock traders must pay brokers a certain fee for each transaction made. The brokerage fee is available for all futures transactions, but not in the case of currency trading. In currency trading brokers earn money by studying and profiting from the difference of price between sold and bought currencies.

• Liquidity: The currency market is opened non-stop, anywhere in the world giving currency traders the chance to trade whenever they find the opportune moment and prices. This is a characteristic attributed only to currency trading.

• Safety: while other trading systems are based on speculation, on the fluctuation of price, on slippage and market gaps, currency trading is controlled with the help of built in safeguards that limit slip-ups.

• Short term trading, like currency trading, is more efficient for profit making than long term trading. Day trading does not increase speculation, risk and does not imply that the broker's commission will reduce any profit made.

Read Top Currencies Forecast In 2015 | Free Forex Signals

Anyone can start trading currencies. This means Currency Trading is easy therefore making money is easy! The potential profit that can be made by buying and selling currencies and with a minimum capital for investment is amazing. Currency trading techniques are available online for learning for those interested in doing so, but the best choice would be to let a broker do business for you.



SIGN UP FOR DAILY-FREE FOREX SIGNALS