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An Islamic rule called "Sharia Law" prohibits Muslims from applying interest in their products. This is also called a no Riba Forex account. It also includes interest obtained on any banking or investment programs. Many brokers give these traders the chance of trading Forex adhering to Sharia law by starting an Islamic Forex account where no interest charged.
How does it work?
A broker must adhere to the Sharia Law, and the crucial part here is, not charging the usual interest percentage on open trades. Many brokers support a special account type in which the interest charges and payments are waived. Of course, this can also influence a client’s advantage of trading because most brokers will provide an overall benefit from the interest charges. And they would aim to compensate for their loss by setting little costly spreads or fees in their Islamic accounts.
More brokers are not implementing this as they seek to grow their market shares in the Islamic world. So traders with this account type can still be earning profits. Another interesting value using an Islamic account in trading is that it can provide the capacity to apply a longer-term trading procedure. Essentially when trading with the trend, as there is no fee to let a successful trade run when there is no risk of paying interest.
Commonly, an Islamic account has no added restrictions on asset types that can be traded. Few brokers have been acknowledged to secure closure on long-term trades that remained open in an Islamic account. So before signing up with an Islamic account, it should be worth checking with the broker on this matter.
For more features about how this account type works, check our article Islamic Forex Trading to know more.
https://www.islamic-forex.com/
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Bollinger Bands
A technical indicator that has become widely employed by traders in several markets, including assets, futures, and currencies. Developed by John Bollinger in the 1980s. It helps identify whether prices are high or low on a comparative basis. It is also used to measure the volatility of a financial market, and to identify an overbought or oversold condition. This tool tells us basically if the market is either quiet or loud. If the bands are wider, the volatility is high. And if it is narrow, the lower the volatility is. The bands above and below measures the volatility or the degree in differences in costs over time. Bollinger bands automatically adjust to market conditions. They are rather simple to understand and are extremely well-known to experts and at-home traders.
What are the Bollinger Bands?
The Bollinger Bands are consist of three lines: an upper, a middle, and a lower band. The middle line is a simple moving average (SMA). It serves as a base for the lower and upper bands. Most charting programs use 20 periods as the default. Later on when you get used to using the Bollinger Bands, then you can experiment with different moving average lengths. By default, the upper and lower bands portray two standard deviations away from the SMA. Though you can usually have it adjusted as well.
If you are not familiar with standard deviations, let us discuss it. Standard deviation is a measure of how numbers are spread out. If the lower and upper bands are 1 standard deviation, this signifies about 68% costs that recently occurred are inside the bands. The higher the SD value you use, the more cost the bands captures. Once you get more used to this strategy, you can try different deviations.
Check IQ Option Trading Strategy in India to know more about Bollinger Bands and the broker that supports it.
https://www.binaryoptiontrading.in/bollinger-band-stochastic-strategy/
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Jezzy Ashton
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Known to be the most comprehensive trading market worldwide, foreign exchange or forex is exchanging of one currency with another. If you’ve went outside the country, then it is possible that you had made a forex trade.
The values of currencies are very unpredictable. Its volatility is among the factors that is appealing to traders. There’s a great possibility of a large return, while as well a chance of higher risks.
Money management is one way to help you become successful in trading assets and forex. You could take any standard strategy, either by technical or basic study. What’s important is how you manage your funds, how and when to open or close a trade.
Is Forex Trading Worth it?
Having the right broker and procedures in trading would be worth it if carried out properly. It would take you a while to know about trading ethics, forex moves, tricks, and forex itself to be adapted and be successful in this industry. Some traders make 20% in a day and some in a month. And it would all rely on the way a trader executes in the market.
Trading tactics are vital, you can learn trading procedures from professionals and copy them if they suit you. Because not all techniques that fit one may not match for other users.
Forex is continuing to be reliable, but making it worthy depends on how it is executed. Hence, it’s advisable that you study about forex well and how to perform in the market. Choose a broker that’s offering a free demo account for you to practice trading. Start investing with real money once you feel more confident that you’ll make improvements. There’s no definite gain or loss in forex trading, so make it count by employing the right strategy. Read the Best Forex Copy Trading Platform in UAE to learn more. https://www.binaryoptionsuae.com/forex-copy-trading-dubai-uae/
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December 15, 2022
For me, this is a very interesting and new way of making money, but so far many people are just learning this direction. I successfully earn money in the forex market, trading various assets and getting maximum profit. All this is thanks to the fact that I use custom trading software development htt... View More
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January 6, 2023
Jezzy Ashton
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Introducing the CMBT
You’ve presumably discovered of the more popular regulatory bodies such as the FCA, CySEC, and BaFIN. But some of you have heard of the CMBT? CMBT stands for the Capital Market Board of Turkey and this is the regulatory company liable for the financial markets in Turkey. It is accountable for monitoring and maintaining the operations of the financial market, protecting consumers and managing stock market members. The Board was founded in 1982, but it is only lately that it has grown very engaged with CMBT regulated brokers. It was built following the Capital Markets Law in 1981 and has also been the topic of several additional regulations and declarations which worked to extend its uses. It’s not important to name them all but we should discuss the most notable difference observed Law No. 4487, which was declared at the end of 1999. A set of revisions were joined to the Capital Market Law to enlarge the range of the Board and its responsibilities. The modifications involved making the markets more adaptable and able to utilize information technology, enabling the dematerialization of stocks, and improving security for consumers.
Forex trading in Turkey and CMBT Forex brokers
Since 2011, Forex trading and brokers in Turkey have been monitored by the CMBT. The Board also forbids non-licensed Forex brokers in Turkey from operating retail investors’ trades. The ban was proposed to restrict the doubt which had taken grasp of the Forex trading market. Originally, the news wasn’t taken very well by the unauthorized brokers which made up a huge part of the market, as it would mean having to adhere to very strict laws formed to manage activities. Turkish Forex traders embraced the new laws with open arms as they were weary of the changes. It had been a regular event for brokers to go bust and lose their client's money. Not so with the new ordinances as authorized and regulated brokers needed to hold insurance in a contract and custody bank.
Read IQ Option Review Turkey 2020 for more details about Forex Trading in Turkey.
https://www.forextradingturkey.com/iq-option-turkey-review/
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Jezzy Ashton
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What is Forex Trading?
Forex is an acronym for Foreign Exchange. Other names generally used in the marketplace are FX and Currency. Forex trading is a movement where venturers join in the global financial markets to benefit from the price movements among currencies.
Who can engage in Currency trading?
Anyone can join in Forex trading but must work with an authorized broker or dealer to access the market. Individual members in the FX market are referred to as Retail Traders, while banks, corporations and large funds are called Institutional Traders.
Where is the FX market-based? What are the trading hours?
Unlike commodities and stocks, currencies are not traded at an exchange. The Forex market is made up of a global network of computers that unites authorized dealers, brokers, banks and institutions.
The FX market does not have established trading hours. You can place a trade whenever your preferred platform allows, which is typically 24 hours per day from Monday to Friday.
How large is the Currency market?
The Forex market is by far the biggest and most free financial market in the world. Its trading amount is $5.3 trillion a day, 30 times bigger than that of the New York Stock Exchange (NYSE), one of the largest stock markets in the world. The absolute size and liquidity of the FX market is beneficial to traders as entrance and exit is quick because there are always counterparties available for trade.
Is Forex trading risky?
Yes. All financial investment and gambling carry risk, but FX movements are even dangerous because leveraged trading is employed. You will lose more than the funds in your trading account.
Are there any retail Forex brokers or dealers based in Singapore?
Yes. To help investors choose their options, we've produced a complete guide to the best online brokerages for FX trading. There are at least three, reliable and established global Forex brokers based in Singapore. check the link.
https://www.binarytradingsingapore.com/forex-trading-singapore/
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Have you explored through many platforms online and not yet seen where is it allowed to trade in foreign exchange in India? Well, forex trading is also well-known to some people as Currency Trading in India. Indian forex trading is quite comparable to equity trading. In equity trading, the rate of share matters while in forex trading, it's the exchange rate.
Forex trading is the trade of one currency for another. It's always done in pair currencies with one called 'base currency' and the other called 'quote currency.' One must take into thought the risk factor of trading.
No citizen can engage with forex trading in India through any electronic or online forex trading platform. The RBI had declared a circular in 2013 banning overseas forex trading by electronic or internet trading portals. But, there is a personal situation where the answer to 'Is trading in forex legal in India? it's Yes!
Forex trading is permitted only when one does it through regulated platforms and the base currency is INR. Under the Foreign Exchange Management Act (FEMA), 1999 or FEMA Act, you can face imprisonment or a fine can be charged on you for illegal forex trading in India. Yet, an important thing to note here is that there is no ban for NRIs to do foreign exchange trading in India.
So, Forex Trading in India is Legal or Illegal?
Is forex trading legal in India and how to trade legally? Are the questions that have been the point of pressure for people trading in foreign exchange. Forex trading is legal only if you do it through licensed Indian forex brokers. It is also authorized if the Indian Rupee (INR) is the base currency. And it's illegal if any Indian forex traders do overseas trading from the country. Indian residents are not permitted to transfer funds overseas to foreign exchange brokers both directly and indirectly. You can carry off the process of currency trading though depending on some circumstances. India may have set some laws, but it's subject to the deals signed between India and other countries.
Read Regulated Forex brokers in India to learn more about recommended brokers in India.
https://www.binaryoptiontrading.in/forex-trading-india-brokers-review/
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Jezzy Ashton
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What is forex trading?
"Forex" stands for foreign exchange. It means buying or selling of one currency in trade for another. It's the most densely traded market worldwide because people, businesses, and countries all involved in it. When you go on a trip and convert your US dollars for euros, you're participating in the global foreign exchange market.
At any time, the need for a specific currency will either push it up or down in value compared to other currencies. With this in mind, here are some details you need to remember about the currency market so that you can take the next step and begin forex trading.
Each currency in the pair is classified as a three-letter code, which tends to be made of two letters that stand for the country, and one standing for the currency itself. For instance, USD stands for the US dollar and JPY for the Japanese yen. In the USD/JPY pair, you are purchasing the US dollar by trading the Japanese yen.
Some of the most commonly traded FX pairs are the euro versus the US dollar (EUR/USD), the British pound versus the euro (GBP/EUR), and the British pound against the US dollar (GBP/USD).
To keep things organized, most providers divide pairs into the following sections:
• Major pairs - 7 currencies that makeup 80% of global forex trading. Includes: EUR/USD, USD/JPY, GBP/USD and USD/CHF.
• Minor pairs - less often traded, these frequently feature major currencies against each other instead of the US dollar. Includes: EUR/GBP, EUR/CHF, GBP/JPY
• Exotics - a major currency versus one from a small or developing economy. Includes: USD/PLN, GBP/MXN, EUR/CZK
• Regional pairs - pairs sorted by region – such as Scandinavia or Australasia. Includes: EUR/NOK, AUD/NZD, AUD/SGD
Most forex traders are taken out by banks or individuals by exploring to buy a currency that will double in value against the currency they sell. But, if you have ever changed one currency into another, for instance, when traveling, you have done a forex transaction.
If you’re based on the Philippines and is aspiring to invest in forex trading, read How to Select Forex Brokers in the Philippines for information on how to choose the right broker that would suit your needs.
https://www.binaryoptionsphilippines.com/forex-trading-philippines/
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When you exchange binary options, you’re conscious right up front how much you are risking and how much your possible earnings will be on its result. You’re only risking the amount you decide, no matter how big or small it is. Additionally, there’s no risk of support, which means you won’t lose more than the cost you ventured in the trade, unlike some other types. This way, you’re equipped for acquiring potential losses as long as you choose to invest an amount that’s within your means. This limits you from losing more than what you can afford.
It’s also an affordable way to trade online as you’re not needed to trade huge amounts. Depending on your selecting broker, you can trade from as low as $1. Some even provide you a demo account that you can play around with to help you practice and get the hang of binary options trading before spending your real money. Our best binary options brokers let you trade from $5 to $10 as a minimum amount. It’s reliable in a way that you’re not obliged to lose any amount right from the get-go.
High and fast gains
When you invest, one of your aims is to get high profits. Due to binary options’ higher risk nature, its earnings are also typically higher. It produces a return that amounts to an average of about 60-90%, depending on your broker. Its quick turnover rate also assures a fast payout. Ranging from different assets, the expiry times can vary from a few minutes or less than an hour up to a few weeks. If you opt for daily binary options traders, you can trade multiple times a day for likely a higher profit.
This gives you access to a variation of assets that are open to trade, which is a great way to change risks and manage the amount of danger at a given time. If you’re successful, you can quickly see the amount added to your account. Depending on your preferred platform, you can also immediately withdraw your money. Meanwhile, if you’re unlucky, some brokers offer a small return based on how much you spent. For example, you won’t lose 100% of your investment, but you’ll still get about 5-15% of it back.
For a recommended binary options broker, check How to Trade with IQ Option for more information.
https://www.binarytradingsingapore.com/iq-option-singapore/
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Nowadays, lots of people are making tremendous profits by trading in the UAE forex. With the use of the computer, smartphone, and internet are suitable to start trading in this global virtual market.
HotForex serves for Forex in Dubai whether you are at home or at the office. As part of these platforms, traders will receive free education and seminar attendance, free market news and analysis at a glance to make sure that trading is accessible, at all times. With live and demo account available to the people, HotForex allows each trader to perform without risking their money until they are comfortable with a real account and the software within.
HotForex is regulated in UAE
Hot Forex is a platform licensed by the Dubai Financial Services Authority (DFSA) and published it starts its operations in the United Arab Emirates (UAE).
HotForex is a platform under HF Markets (SV) Ltd, an offshore company based out of St. Vincent & the Grenadines. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12. With a website with 27 languages, HotForex is the broker of choice for a truly global audience. It offers its services to nationals of all countries, with the usual exception of the USA, Canada, Sudan, Syria, and North Korea.
The broker previously won several awards as best forex analysis provider, best customer service, and best overall forex broker in regions like South Africa, the Middle East, China, and Western Europe.
This broker stands out in its daily market analysis, with the additional weekly live webinars and Q&A Sessions that offer extra value to traders.
The minimum deposit to start trading is USD 5, or the equivalent amount in another currency.
Deposits can also be done using major credit cards like Visa and MasterCard, in addition to bitcoin (BTC) or bitcoin cash (BCH), a nice feature some cryptocurrency traders, in particular, might want to take advantage of.
HotForex offers local customer support phone numbers in 10 countries, including major countries like China, Russia, and South Africa. In addition, designated phone numbers and email addresses have been set up for speakers of Arabic, Chinese, and Farsi. Although some past users of HotForex have reported difficulties dealing with the customer support of this broker, most customers report a positive experience without any major issues.
Final Thoughts:
There are a good few reliable brokers to choose from and at the same time, there are also a few brokers you’ll need to avoid. Therefore, it's necessary to choose the right one.The experience will tell you which brokers are the better ones for your needs. If you do not have any previous experience then you will need to do a bit of homework to find your broker.
Risk Warning: Forex Trading brings a high level of risk and can result in the loss of all your investment. Make sure to do your research to guarantee you will be dealing with legitimate Brokers. Learn the platform inside out and never risk more money than you cannot afford to lose.
Click on the link to learn more
https://www.binaryoptionsuae.com/hotforex-uae-hotforex-dubai/
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Forex trading is an incredible and thrilling activity that needs a person to possess a mix of discipline and evaluation. Most folks making use of the Forex industry possess the selection to trade straight devoid of the required to depend on a middleman to broker the transactions. All pricing for the currency pairs is determined by the market place accountable which drastically aids to speed up the trading activity. There are plenty of opportunities to create a profit in acquiring and promoting currency pairs using the proper ability to study charts or monetary reports. Get more information about The Forex Trading in UAE.
How to start trading forex in UAE?
To start trading forex in UAE, the first consideration for any potential or seasoned trader is to know trading risks, understand market analysis and have a good idea of what sort of additional effort trading in the forex market entails. Educational resources and books on trading forex can be readily found on the internet, and many forex brokers also offer helpful learning material.
Also, most forex brokers will offer a free demo account for you to assess their services and try out their trading platform. Trading in a demo account before committing any funds is strongly recommended for both beginner and seasoned traders to determine the broker’s reliability and to gauge their effectiveness in filling your orders.
Step 1: Consider Your Needs
Good knowledge is necessary for forex trading. Your needs as a trader will depend on the level of experience you have. If you have experience trading in the stock market, for example, then you probably have a good idea how to analyze the market’s direction from a technical perspective and can research fundamental information pertinent to individual stocks.
Step 2: Pick a Broker
As you decide on a forex broker, several elements should be carefully considered. One of the most important elements consists of whether the broker is strictly regulated by a popular and reputable government agency.
Forex Brokers UAE
UAE is one of the top countries where forex and options trading growing very fast. So selecting the right broker is very important for UAE traders.
Anyone can start with trading, but you will need a good and reliable Forex broker to help set up a Forex trading account, facilitate your buy/sell orders and assist you in making informed decisions. Without the backing of a knowledgeable broker, finding profits is immensely difficult.
Final Thoughts
Overall, trading the forex market involves finding the right broker for your needs, especially if you have little or no experience in trading. If you have the experience, then you should have no problem finding a broker that meets your requirements, whether you choose one based in UAE or elsewhere.
Though finding a good broker to partner with is very helpful to your trading business, the most important factors that will enhance your trading success involves your trading plan and your level of preparation.
Risk Warning: Forex Trading brings a high level of risk and can result in the loss of all your investment. Make sure to do your research to guarantee you will be dealing with legitimate Brokers.
Click on the link to learn more
https://www.binaryoptionsuae.com/forex-trading-uae-dubai-abu-dhabi/
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