Is forex trading risky?

If you do not know how to swim in the sea, the swimming pool will be a risk to your life. The same idea if you do not understand Forex and do not know how to trade it would be very dangerous because you could lose all your money in one deal. If you do not know how to manage your money, It is a matter of loss, but margin trading may lead to leveraging, so we do not prefer to trade it without prior knowledge.

Forex has the advantage of trading is not real accounts called (demo) enables you to simulate trading but without paying one cent.

Is Forex Trading Halal?

There is no unified agreement among all that trading in the currency market is haraam or halal. Some see it as halal if it is in the Islamic way, ie without interest, and the other considers it haraam due to non-occurrence of the sessions of the contract.

Currently there are some brokers offering the advantage of actual trading (contract sessions in modern times) meaning that the center opened by the example of buying the euro against the dollar is actually selling the dollar and the euro, but this system requires accounts are not small because most accounts are done in a small so called (dealing desk) That, which you put not actually implemented in the markets, but implemented between you and the mediator, if you win win from the mediator and if you lose the mediator takes your money.

Difference between Forex and Stocks:

Forex is based on the same idea of ​​stocks but developed something in terms of, follow most of the brokers of the famous platform MetaTrader 4 and MetaTrader 5, which has already been explained in detail in this video Click here to watch.

The MetaTrader platform is not the only one that the broker does not force. Most brokers have several platforms and you can also subscribe to paid external platforms.

Some stock markets such as the Arab markets do not offer the opportunity to buy and sell, unlike the currencies can buy and sell and also some stock exchanges do not allow the possibility of buying and selling during the session and the implications of this feature is high commissioning something unlike the Forex commissions are based on the idea of ​​the difference between the selling and buying price is in most currencies Low.