I'm interested in forex trading, but I'm not sure if it's okay to do it as a Muslim. What can you say about it? Is it permissible from the Islamic point of view? And by the way what is mt4 and mt5?
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Is it possible for a Muslim to trade in the forex market? | Forum
Teo Lordes
Oct 13
Why, in fact, can it be prohibited? After all, people in Arab countries trade in markets, streets and stores. Is it different in the Forex market? It's just different selling and buying there.
Tuker
Oct 13
Not everything is as simple as it may seem, and there are certain conditions under which a Muslim can trade on Forex. And first of all, for him it should not be a gamble, but a job.
Olivander
Oct 13
Many people think that in Forex trading you just have to guess. But it is not. In general, it's not a gamble. Anyone who thinks so will quickly lose money. To make a profit and avoid losses, serious analytical work is required. But there are other things to consider for a Muslim. And it is best to just open Islamic accounts. Some brokers have such accounts. Read more about this and including what is mt4 and mt5 https://coinmarketcap.com/...3d459960d601f2cc844/
