Actually Forex isn't Haraam. Using the logic which is used above then investing in any business or starting business would be haraam as the investor doesn't know if his business will give him profit or loss but invests or starts the new business because he thinks it will be profitable for him.
I disagree with you 100%.
Starting a business which has real World assets and utilities is perfectly acceptable.
Tell me something, is starting a bank where you charge Interest allowed in Islam? No it is not. Why? because Interest is not the same as a real World business where you buy and sell actual items. Yet opening up a bank is also a speculation. So your argument that any business is allowed is clearly WRONG.
If you take my very first post, I clearly state where forex is traded for LEGITIMATE business purposes, ie. exchanging money to buy/sell goods in a foreign currency, going on holiday, this is perfectly acceptable.
However trading for speculation, where there is zero intention of taking delivery of currencies and where all you are doing is speculating for short-term price movement, it is not allowed.
You have not answered any of the questions I have posted. Please post response to below (I have provided islamic jurisprudence rulings (wth hadith etc) that back-up my points).
1 - Trading on Margin (not allowed in Islam)
2 - Going Short (not allowed in Islam)
3 - Short-term (day) trading (Not considered responsible ownership - no intention to take delivery).
So please try and read what i am writing and try and understand the deeper points. You have completed failed to understand the rules.
All the best.