Forex (Foreign Exchange / FX) Trading
♦ Trading FOREX (Foreign Exchange) or FX (Foreign Exchange):
A type of trade transaction currency (currency) against the currency of a country (currency) other countries.
♦ one currency is traded in Forex are always in pairs (pair)? Because each forex transaction means buying a currency and simultaneously selling the other currencies simultaneously.
example:
If you BUY EUR / USD will mean you buy the EUR and at the same time selling the USD.
If you SELL EUR / USD will mean you sell the EUR and at the same time buy the USD.
For example rate for the pair GPB / USD is GPB / USD = 1.8500, meaning to BUY 1 pound GBP require $ 1.85.
Currency Pair (Pair) consists of two different currency quotes. Currency which is located on the left is the base currency. for example on GBP / USD, the GBP-called base currecy. While the USD is the quote currency or counter currency
Cross Rate is a currency pair (pair) that do not contain the official currency of a country where the currency is traded, such as forex transactions conducted in the United States (the official currency is the USD). This means that the currency pairs that do not contain a USD cross rate of the USD. An example is GBP / JPY, EUR / GBP, etc.
♦ Are Trading Forex is gambling and unlawful?
Forex Trading forex is not gambling because movement can be predicted using Fundamental Analysis (based on economic events, political, and other news) and Technical (based on mathematical calculations). Forex is legal according to the law, because it is the average Bank, Large Financial Institutions, and other institutions are also doing forex trading.
♦ Is Forex Trading violate religious law?
No, because there are a lot of forex brokers who freed the overnight interest rate (stay) for a Muslim trader. Usually you can just leave the data yourself that you are a Muslim and will get interest-free facility.
♦ Is Forex Trading is included money game (HYIP) and high-interest investments often carry off the fund members?
Not really, because you are as actors and decision makers each trading transaction. Parties only provide services brokerage and trading facilities, which bring together buyers and sellers of forex to be able to make buying and selling. Loss or profit, the broker will still benefit from the difference between the sale and purchase fee (spread) they get.
There is therefore no reason for them to get money traders.
BY: SANTET FX
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