Question by afridy: What is the Ruling on Currency Trading (Forex) in islam ? What is the Ruling on Currency Trading (Forex) in Islam ? Thank You for the answers friends, ill choose the best answer also. Best answer: Answer by Not so fastWhatever rakes in the moolah! Give your answer to this question…. Click Here to Read More
|
|
|
Archive for the ‘Forex Discussions’ Category
what is currency trading (FOREX) and how does it work?
March 19th, 2012 
kk Question by metal m: what is currency trading (FOREX) and how does it work? any help is appreciated Cheers guys, thank you for taking your time to answer the question, so basically if you dont have at least $ 100,000′s dont even think about FOREX trading? Best answer: Answer by Spock (rhp)if you are considering this, your are either naive or gullible. FOREX is a very sophisticated market in which highly leveraged contracts are traded amongst importers, exporters, banks, hugely moneyed professional traders, and small time speculators. as you’d expect, the small speculator has the least access to information and is thus the most likely to lose his capital. I’d estimate the odds…. Click Here to Read More
Is there free foreign currency trading?
March 16th, 2012 kk Question by : Is there free foreign currency trading? I am interested in it since foreign money changing has fascinated me since the age of 11. I am 20 years old now. I have about 7,000 dollars in my savings account that is barely making a dime of interest. How much do the fees usually cost? Best answer: Answer by Richard ENo, everyone who trades currencies does it as an occupation, not for free. Just like no one will fix your plumbing or fix a flat tire for free. Commissions vary rather a lot. Here in Miami, the downtown exchanges charge less than half what Deek Pereira does at the airport. What do you think? Answer…. Click Here to Read More
When you profit from trading currency, who gets gypped?
March 15th, 2012 kk Question by Dónde Están: When you profit from trading currency, who gets gypped? Say you buy some Euros and later the exchange rate goes up. You sell the Euros and make some money. Where does the profit come from? Best answer: Answer by RabbitIt isn’t poker, it isn’t a “zero sum game”. There are not necessarily losers, except for traders who don’t know what they are doing. Person A buys Euros. Person B wants to buy Euros and Person A at the same point wants to sell Euros. As long as the bid and ask match on any transaction there is no cheating, no theft, no one got “gypped”. Some people trade such futures and others are there for their business needs. A bank or business has…. Click Here to Read More
Q&A: i am trying to start trading currency in the forex market can any one give advice about trading can i make an?
March 14th, 2012 kk 
by Thomas Hawk Question by rakjune: i am trying to start trading currency in the forex market can any one give advice about trading can i make an? Best answer: Answer by Burt Whitleyhttp://www.forex.com/learn.html Link will answer many questions and answers you should know. I have 3 accounts (never put all your money/eggs in one account/basket). You can start with $ 500 when you can afford to open account. Since you are just starting you will lose money if you don’t learn the basics, first. #1 best tip, don’t trade your real money until you try trading demo account. When you can trade a demo for about 2-3months daily and make money then if you feel ready slowly start trading real…. Click Here to Read More
Q&A: which is more difficult to do and less of risk, stocks or currency trading?
March 13th, 2012 kk 
by Tradingrichmom Question by Fred R: which is more difficult to do and less of risk, stocks or currency trading? my friend went to a 1 hour workshop to learn this, was he scammed on to believe that its so easy to do this? Best answer: Answer by InspectorBudgetCurrency trading is extremely risky. Far more risky than stocks. The main reason is that all currency trades use leverage – like options, where a small amount controls a big amount. So you can make many times your investment – or lose many times your investment. I strongly suggest that you do not consider currency trading. You can go totally bankrupt within a few days if the trend is strongly against you. You can also use…. Click Here to Read More
Posted in Forex Discussions 
Tags: Currency, difficult, less, more, Risk, stocks, trading 
2 Comments »
Why do open ForEx trades close automatically when internet Disconnects or when they reach -$2000 in losses?
March 12th, 2012 kk 
by noodlepie Question by anon: Why do open ForEx trades close automatically when internet Disconnects or when they reach -00 in losses? I am using Interbank FX trading platform and have been using a demo account to test out these errors I’ve been getting. Stop loss is not active. During disconnects, open trades close for whatever value they are at. If left open for a few hours, loss trades auto-close for a loss. The market was still open for all these tests. So, anyone have any ideas? Best answer: Answer by Kristianinterbank forex platform is not the best choice… its good but no so good! it has some “bugs” as you can see! better choose some different platform if you want to…. Click Here to Read More
Posted in Forex Discussions Tags: $2000, automatically, close, Disconnects, Forex, Internet, Losses, open, Reach, they, Trades No Comments »
What is the diffeernce between currency future trading and Forex spot trading?
March 10th, 2012 kk Question by : What is the diffeernce between currency future trading and Forex spot trading? Best answer: Answer by cactusgeneThey are basically the same, but in spot trading you are buying the currency for immediate delivery and in a futures trading you contract for delivery of the currency down the road, say in April, June, December or whatever. What you don’t know is how much conditions between now and the close-out of the contract can change and the price you contracted to pay may be much too high or if you get lucky and it all goes your way. This is a risky business. I have been at it for several years without making any real money in it. That is a business better left to…. Click Here to Read More
Posted in Forex Discussions Tags: between, Currency, diffeernce, Forex, future, Spot, trading 2 Comments » Forex Currency Trading – Which Of The Forex Currencies Have Been Strongest In The Past 1 Year?
March 9th, 2012 kk Question by Ace: Forex Currency Trading – Which Of The Forex Currencies Have Been Strongest In The Past 1 Year? In terms of gains. Best answer: Answer by SS FinUSD, JPY, CHF and EUR have been the strongest currencies in the past 1 year while GBP, CAD, AUD & NZD have weakened a bit. Overall, JPY & USD are the strongest in terms of absolute gains. From a trading viewpoint, I’ve seen a lot of ‘scalping’, given the volatility of currencies & the forex markets. Specially with the USD rallying against the EUR & GBP, it’s given some very interesting trends to take profit pips. Give your answer to this question…. Click Here to Read More
Posted in Forex Discussions Tags: been, Currencies, Currency, Forex, Past, Strongest, trading, Year No Comments »
Can’t government just limit commodity trading and currency trading just to companies where…?
March 8th, 2012 kk Question by : Can’t government just limit commodity trading and currency trading just to companies where…? … the commodity and currency involved is part of the company’s business? That means only companies are allowed to trade commodities and currencies for hedging purpose. That means non-company parties that speculate on commodities and currencies solely for speculative purpose (not hedging purpose) are completely restricted from such trading. Wouldn’t this be better for the economy to have a real constructive growth? Rather than its growth continue to be stifled by speculators that drive up high the commodities prices and distort the currency exchange rate. Or else, growth would…. Click Here to Read More
Posted in Forex Discussions Tags: cant, commodity, companies, Currency, government, Just, limit, trading, where... 2 Comments » Q&A: What is a good website to use for Forex daytraders?
March 7th, 2012 kk Question by theriddler2008: What is a good website to use for Forex daytraders? I’m currently using a Mini account, but I’m struggling seeing that I don’t have the 200:1 leverage nor the $ 5000 for a standard account. Is there any good sites for mini account daytraders? Any tools? Any good entrance/exit signal sites? Good forecast sites? I need sites specifically for daytraders!! Best answer: Answer by Sateesh KumarDear Friend This is S2 stock predicta (s2sp), Karnataka. Considering the volatality and the day traders confused state of mind, We have launched a website www.s2sp.co.in , in which we provide predicted best selling and best buying price for all stocks listed in BSE and…. Click Here to Read More
Q&A: How to trade gold an oil?Is it all online like stocks?If yes do brokers offer leverage like in forex?
March 5th, 2012 kk 
by renaissancechambara Question by Mi R: How to trade gold an oil?Is it all online like stocks?If yes do brokers offer leverage like in forex? Is it harder to predict the price of gold and oil or the price of stocks and currencies? Best answer: Answer by PoliticallyCorrectYou can buy and sell both gold and oil futures. All futures are bought on margin (leveraged) so yes, like forex. But you need to set up an account with a commodities broker to deal this way. You can also buy exchange traded gold and oil related companies on line so this is something to consider too. There are times when gold and oil price movements are glaringly obvious and times when they are not. Same with…. Click Here to Read More
Posted in Forex Discussions Tags: brokers, Forex, Gold, Leverage, Like, Offer, oilIs, Online, stocksIf, Trade 1 Comment »
