FOREX bilan shug'ullanish gambling mi?

[MissMadyFBM]

Assalomu Alaykum Qadrdon Forumchilar!


I need your help in coming into one point . One of my friends asked me an

advice about smth which I wanna ask you.

Is playing with FOREX is considered to be GAMBLING? And please give your

oppinios backed up with proof.

Thanking in advance for your kindest replies

[SmIlIk]

Assalomu Alaykum Qadrdon Forumchilar!


I need your help in coming into one point . One of my friends asked me an

advice about smth which I wanna ask you.

Is playing with FOREX is considered to be GAMBLING? And please give your

oppinios backed up with proof.

Thanking in advance for your kindest replies

Forex as of Trading with currencies (Currency Market)?

[Mona Lisa]

Well, it depends how you look at it.
Basicly with FOREX you just buy some currency and sell it later on for the profit (maybe loss) just like in any market operation. You can also buy some apples and sell them at a higher price depending on the market price at that particular time.
In FOREX you make a bid and that's exactly what you do if you go to ordinary market as a buyer you'll offer a price to any good you've interested to buy.
Since, FOREX is liquid financial market, time is key factor so things change pretty fast i.e. exchange rates. Hence your bid becomes a gamble. Unlike in ordinary markets where liquidity is less superior, prices are pretty static.Therefore, with your bid you don't gamble to that extend.

I hope my post makes some sense :? :)

[TaLyaNo]

IT IS (smart)qumor!!!

[MissMadyFBM]

Forex as of Trading with currencies (Currency Market)?
yes Smilik mainly with currencies like pounds usd and euro

[MissMadyFBM]

Well, it depends how you look at it.
Basicly with FOREX you just buy some currency and sell it later on for the profit (maybe loss) just like in any market operation. You can also buy some apples and sell them at a higher price depending on the market price at that particular time.
In FOREX you make a bid and that's exactly what you do if you go to ordinary market as a buyer you'll offer a price to any good you've interested to buy.
Since, FOREX is liquid financial market, time is key factor so things change pretty fast i.e. exchange rates. Hence your bid becomes a gamble. Unlike in ordinary markets where liquidity is less superior, prices are pretty static.Therefore, with your bid you don't gamble to that extend.

I hope my post makes some sense :? :)
Dear Mona Lisa

So to your mind it is not gambling, isn't it?

[noodles]

It's not gambling for god's sake... that's stock and whatever you do it's not a gambling...

ps: i didn't know that there're Forex-addicteds =)

[Mona Lisa]

Dear Mona Lisa

So to your mind it is not gambling, isn't it?
No it's not a gamble

[MissMadyFBM]

It's not gambling for god's sake... that's stock and whatever you do it's not a gambling...

ps: i didn't know that there're Forex-addicteds =)
Genius

But what if here was mainly trading with currencies rather than stocks?

Is it the same ( not issue of gambling) ?

tnx for reply

[MissMadyFBM]

Forex as of Trading with currencies (Currency Market)?
Yes SMILIK.

It is currency market as well as stock. But my question here conceerns

currency mainly

[Mona Lisa]

MissMadyFBM,
I have a question for you I hope you don't mind.
What does really concern you selling(buying) something currency/stock/(in)tangible product in the market or how you conduct that process of buying and selling?

[Mona Lisa]

i didn't know that there're Forex-addicteds =)
You can get addicted if you make some buck$ in matter of seconds ;)

[MissMadyFBM]

MissMadyFBM,
I have a question for you I hope you don't mind.
What does really concern you selling(buying) something currency/stock/(in)tangible product in the market or how you conduct that process of buying and selling?
Dear Mona Lisa

Here I am concerned with the compliance to religious point of view.

That is the issue.

tnx for the advice and a question

[SmIlIk]

Dear Mona Lisa

Here I am concerned with the compliance to religious point of view.

That is the issue.

tnx for the advice and a question


Gambling is a falacy with uncertain outcomes where you either lose or win. Same for Forex brokers; They don't know what kind of screwed up deck they are getting...

It seems like gambling but not quite exactly. We can also describe stock market the same way.

I personally can't give you Fatwa on it :) Maybe you should ask it from some one who is invloved with Fikh (Law's of Islam)

[MissMadyFBM]

Gambling is a falacy with uncertain outcomes where you either lose or win. Same for Forex brokers; They don't know what kind of screwed up deck they are getting...

It seems like gambling but not quite exactly. We can also describe stock market the same way.

I personally can't give you Fatwa on it :) Maybe you should ask it from some one who is invloved with Fikh (Law's of Islam)
Thanks for the advice anyway

[Guardian]

Assalomu aleykum,

Agar savolingiznin diniy domondan (Islom dini tomonidan) qarab javob olmoqchi bulsangiz quyida berilgan linkga savolni berib imomlardan javob olishingiz mumkin.

http://www.islam.tc/ask-imam/form.shtml

However, i would support what ML has said.
Good luck,
Joe

[Mona Lisa]

Dear Mona Lisa

Here I am concerned with the compliance to religious point of view.

That is the issue.

tnx for the advice and a question
If your concern is a religous aspect of FOREX trading then you need to understand number notions involved:
1. How you make that trade i.e on credit or ready available cash. Trading on credit is different than trading on your own cash. However in these days there is a credit readily available without you knowing it.

2. Concept of speculation in FOREX market. For some speculation is knowledge based analysis relying on available information, but for others it's just a intuition.

Unfortunatly I'm unable to give you explanation of those concepts in religous terms cos I don't have enough knowledge in that area. :?

[MissMadyFBM]

If your concern is a religous aspect of FOREX trading then you need to understand number notions involved:
1. How you make that trade i.e on credit or ready available cash. Trading on credit is different than trading on your own cash. However in these days there is a credit readily available without you knowing it.

2. Concept of speculation in FOREX market. For some speculation is knowledge based analysis relying on available information, but for others it's just a intuition.

Unfortunatly I'm unable to give you explanation of those concepts in religous terms cos I don't have enough knowledge in that area. :?
Thank you very Much Mona Lisa

for your efforts

[SmIlIk]

If your concern is a religous aspect of FOREX trading then you need to understand number notions involved:
1. How you make that trade i.e on credit or ready available cash. Trading on credit is different than trading on your own cash. However in these days there is a credit readily available without you knowing it.

2. Concept of speculation in FOREX market. For some speculation is knowledge based analysis relying on available information, but for others it's just a intuition.

Unfortunatly I'm unable to give you explanation of those concepts in religous terms cos I don't have enough knowledge in that area. :?

Well done, honey :)

[Mona Lisa]

Well done, honey :)
Ohh thanks ;)

[noodles]

hey guys, do you still on with Forex Trading? so share your experisnces plz. How is it going, how much profit you made or how much u lost etc... or should we open another topic?