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Profile: Taijul123
User Name: Taijul123
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Joined: Saturday, October 24, 2015
Last Visit: Monday, October 26, 2015 12:05:02 AM
Number of Posts: 5
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Last 10 Posts
Topic: Forex trading
Posted: Sunday, October 25, 2015 12:20:25 AM

The reason they are called Islamic Forex accounts or Shariah forex accounts is not because you must be a Muslim to open an Islamic Forex account. That might cause legal problems. The reason they are called Islamic Forex accounts is because they were created to meet the needs of the Islamic trading community. 
According to Islamic law, or Shariah law, it is forbidden for Muslims to expect anything in return for their giving, and it is therefore forbidden to pay or accept any sort of interest in the financial markets.

Topic: New to Worden TC2000
Posted: Sunday, October 25, 2015 12:14:51 AM

I can't say that.

Topic: paper Trade
Posted: Sunday, October 25, 2015 12:11:03 AM

I give you viral thanks

Topic: Forex is our business and we have to respect Forex!!!
Posted: Sunday, October 25, 2015 12:06:22 AM

Hlw friends                      

How are you? I think you are all well.Today i want to tell you that Forex trading business is our business and we have to respect this business.Like today i have seen many post and thread where many traders telling that Forex is gambling but it is totally false.We all know that Forex is not gambling and we should respect Forex because Forex business providing us earning opportunity and huge knowledge so we need to show respect to Forex trading business.

Topic: Is forex trading a zero sum game?
Posted: Saturday, October 24, 2015 12:14:58 PM

Forex, the speculative market acts the same as the futures market. Yes, it is true that you can actually aquire physical currency, but that’s not what you’re doing when you trade spot forex. Technically, spot forex trading operates the same as futures, though on a very short duration basis. If you buy USD/JPY you are technically making an agreement to exchange JPY for USD in two business day’s time at an agreed upon price. Of course you won’t actually do that, just like most futures traders will never take or make delivery on the positions they run. That’s where the rollover comes in to forex trading. Your broker essentially offsets your open position, closing it out, and enters a new position – all done at the current market rate. In some brokers this is very clearly done, especially when you’re talking about interbank trading. 

Most retail brokers don’t really work that way, though. Instead, when you buy USD/JPY you actually borrow JPY, convert it to USD and deposit the USD, with the guy on the other side of the trade doing the inverse. That’s where the interest rate differential comes in. Again, you have a situation where any gain you make is a loss for the other guy, and vice versa because you both have a requirement to repay the respective loans you have taken out. It’s not as if you could actually take the USD you bought and walk away.