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Is forex gambling?

8888
Jan 20 2014 at 07:40
19 posts
The Forex gives a monetary interest to the people investing in it. This interest can be positive or negative, BUT there is a monetary interest.

So the Forex is indeed prohibited, FORBIDDEN, in islam because 'Haram':

https://goo.gl/0VvzeE

Ironman
Jan 20 2014 at 16:01
70 posts
I would say so, 8888, but every religion is flexible enough to not have people abandon it, so I guess they will find a loophole to make Forex legal.


8888
Jan 20 2014 at 19:02
19 posts
Hand cutting? Stoning? Hanging? Beheading?

The catalog seems be very large to enforce the word of some oracles.

In fact, it is wiser to leave the Forex that her/his religion, because with the Forex you will ONLY lose your shirt, and you will keep your head on your shoulders.

Quitting some religions can not be so peaceful and your shirt can be repainted in scarlet purple.

On the other hand, there are those who much love the scarlet purple over of the Forex.

Everything is a matter of belief.

And the scarlet purple on a shirt is difficult to clean.

8888
Jan 21 2014 at 07:21
19 posts
Here is what quran said:

O ye who believe! Devour not usury, doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.

quran 3:130:

https://www.usc.edu/org/cmje/religious-texts/quran/verses/003-qmt.php#003.130

Helas
Jan 21 2014 at 09:38
2 posts
Helas posted:
Ironman posted:
Well, a few things need to be corrected at once.

1. There is no God... Not of any kind. If there was, why would he/she/it let the world be the way it is. Forget it. You'll do yourself a huge favour. According to religions there are over 2000+ gods. One more or less will not make any difference.

2. You will NEVER know in what direction a specific market will go. NEVER. If you enter a trade, it can go EITHER WAY. Period.

So, why isn't this gambling?
If you have a good system, try it for 200 trades. (Some will, of course, disagree with this number.) A good system will, on a Risk/Reward-ratio of 1:1 win 55-80% of the trades. (80 is a LOT.)
If your trial gives you anything lower (on a 1:1 RR), leave it be, and try another.

So, about the gambling...
When you look at it on just one trade, it is gambling. But if you have trialled your system correctly, you'll know that when you set a trade, you'll still win about 60 of 100 trades in the long run, but for that one trade, you have no idea. EVER. ;)

No matter what any system seller tells you...


So, why go Average Joe tell you it is gambling when you ask him? Because he has no clue.
If you want to do some trading, trust your own judgement. The average person will have no idea what you talk about.

Cheers and good luck.

/Tomas



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Any Idea...???

C (CESTRADES)
Jan 22 2014 at 22:01
29 posts
Well, there is a GOD, we didn't create ourselves. But, for Forex vs Gambling. It's like a Chance vs Risk. Difference? A chance is when you have a well prepared plan to execute something, a risk is when you don't know, or don't have a plan and execute; the hail mary if you will. Luck is no way to explore the Forex world.
Since there is no way to know for sure which way, up vs down, it lies in the fundamentals, the mindset of big money moving the market, and the person trading and the candlesticks reveal everything if you really know how to interpret them. With trading, it's not as difficult as most make it out to be, not easy either; it's all between our ears. Nothing with high reward is.
I know some will say, ohh, coming from a demo guy, well my demo is a copy of my real account, with proprietary copy software i'm testing. I'm not here to impress anyone or find investors, just enjoy the forums and comment occasionally.
Relax and trade your plan
~

forex alert system (forexalertsystem)
Jan 22 2014 at 22:35
101 posts
It's Gambling but we like to call it 'Calculated Risk' 😎

ArdiFX (ahuruglica)
Jan 23 2014 at 02:43
852 posts
I have an idea and I hope I don't offend anyone.

Forex is 'haram' in islam religion because of swaps (interest) and also, when trading is betting, and betting is gambling. Gambling is prohibited by Islam too. So:

1. If you are a bad trader and can't win from the market, quit trading and keep praying for the afterlife.

2. If you are a good trader, quit religion and keep trading. You are on the few side. Mumbo-Jumbo is not for you.


Cheers

forexpipcatcha
Jan 23 2014 at 02:51
325 posts
Anmaric_LTD
Jan 23 2014 at 11:42
61 posts
Forex is the place where you can learn how to beat the bank :)

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