Why do many Muslims question whether Forex trading is Halal or Haram? In Islamic terms, Halal refers to what is permissible according to Islamic principles, while haram refers to what is forbidden by Islamic principles. Forex trading is one of the most popular methods of investing in global financial markets. However, for many Muslims, the… Continue reading Is Forex Trading Halal?
Day trading involves purchasing and selling financial assets, including stocks, forex, cryptocurrencies, or commodities, within the same trading day. The objective is to take advantage of price fluctuations during the same day. It is common for day traders to open and close numerous positions simultaneously, hoping to profit from small price changes. In contrast to long-term investors, who… Continue reading How to Become a Day Trader
One of the most common questions that new traders will ask is: “Is trading Forex a skill or simply a matter of chance? Lots of newbies think the Forex market is all about luck and aim to play the market like a gamble. But, as some seasoned trader will tell you, the Forex market is… Continue reading Is Forex a Skill or Luck?
Imagine this: You’ve finally discovered the world of trading—forex, stocks, and cryptocurrencies. The prospect of increasing your wealth is exhilarating, but one question keeps popping up: “How much money do I really need to start?” This question is a common one, but also one of the most important when venturing into the trading scene. So, as you go… Continue reading How Much Money Do You Need to Start Trading?
The forex market is the world’s largest financial market, where traders engage in buying and selling currency pairs and other assets. Adhering to trading principles in forex is of utmost importance. This is because the forex market is highly volatile and filled with ups and downs, where many individuals compete against each other. Without understanding… Continue reading Principles of Professional Trading in the Forex Market
Forex trading strategy is a set of rules and methods presented by traders in the currency market to execute successful trades. The primary goal of these strategies is to reduce risk and increase trading profits. Two main types of analysis are commonly used in forex trading strategies: technical analysis and fundamental analysis. Technical analysis is… Continue reading Top Trading Strategies in the Forex Market
Gold has been one of humanity’s valuable assets even before the invention of currency notes, and since ancient times, it has been a precious and scarce metal. Due to its scarcity, the value of gold has never decreased, and humans have always sought to store it as a symbol of wealth and power. Gold in… Continue reading Gold Analysis in the Forex Market
The widely known term, Forex signals, signal traders with some guidance to profitable trading opportunities. So, these signals can be treated as a real trading tool. These signals can be generated manually or by using computer algorithms. Typically, each signal contains entry, stop-loss level, and profit target. Definition of Forex Signals in Simple Terms: So,… Continue reading What is Forex Signal?
Risk management in Forex is one of the most crucial factors for success in this market. Risk management involves controlling the risks that will arise for an investor due to market conditions. One of the risk management methods in Forex is the use of capital management rules and principles. For instance, you should limit the… Continue reading 10 Risk Management Strategies in Forex
These days, many individuals are seeking to make money from global financial markets such as digital currency and forex. In order to generate income from these markets, it is essential to have a good understanding of them. Forex, short for foreign exchange, refers to the trading of foreign currencies and is considered the largest financial… Continue reading How to Make Money in Forex