permissible, black men forex trading but technical analysis is not, and an interesting reasoning is given: placing trades based on technical analysis is essentially tantamount to betting on the bets of others. So, I started to ask people, if Forex Haram? Interestingly, this could suggest that all non-market trades (i.e. However, according to Islamic law clearly prohibits gambling. Is such speculation permissible according to Islamic law?
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On the simplest level, one could argue that using fundamental analysis is allowed but using technical (chart-based) analysis is not. Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ m, nor should they be attributed to AtoZMarkets). However, there may be some that arent comfortable using these workarounds, and this is a completely valid approach as well. . But the good news is that you can avoid being a gambler. We can start by saying that Islam recognizes that nearly all adult human beings strive to improve their financial positions, and that life involves a large element of uncertainty. Is Forex Halal or Haram?
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