Forex Articles

Trading bots have risen in popularity over the past two decades, and technological breakthroughs, particularly relating to artificial intelligence, have supercharged the sector, but are trading bots legal? Find out what you need to know about the legality of using trading bots before you deploy them and learn how to identify scams and fake bots.

Is automated Forex trading profitable? The short answer is yes and no. As with all matters related to Forex trading, it is more complex than it appears. I will explain under which conditions automated Forex trading is profitable and what to avoid, as the sector is ripe with scams and misinformation, leading to confusion among retail traders.

Germany, like many other nations, has recognized retail trading, including profits from Forex trading, as taxable. German residents must understand and declare their trading profits on their tax returns.

Leverage is among the most important trading tools for many profitable Forex traders. It is also one of the most misunderstood concepts, and the amount of misinformation about leverage and risk is overwhelming. 1:500 leverage is the standard for major Forex pairs. I will begin by debunking the illusion that higher leverage results in higher risk and give Forex traders facts about leverage to help them understand it.

Futures present both opportunities and challenges for Muslim investors wishing to conduct their investing under Islamic financial principles. When answering the question, “Is futures trading Halal or Haram?” there is no absolute “Yes” or “No.” Rather, it depends on various factors, such as the futures contract in question, the style of trading, and the risks the investor takes.

The Forex market ranks among the most dynamic income-generating financial markets with life-changing potential. It is also why countless Forex scammers attempt to enrich themselves, exploiting misinformed and uneducated beginners. Knowledge is the primary defense against Forex scams, and I will provide a few examples in this Forex scammer list, which covers common scams and how to avoid them.

XAUUSD is an expression widely used across trading desks, but what is XAUUSD, and should you trade it? I will cover the XAUUSD, explain why you should trade it, how you can trade it, and provide tips on effectively trading the XAUUSD.

Copy trading is popular with millions of retail Forex traders, and the rise of retail prop firms that allow copy trading allows copy traders to deploy strategies in funded demo accounts that pay real money as long as copy traders do not violate strict trading rules. Should you consider copy trading in your prop trading account? Below are the pros and cons of prop firms that allow copy trading.

Proprietary trading has evolved into a significant part of the trading landscape, offering traders a way to turn their trading dreams into reality and providing a source of income. The exponential growth of the proprietary trading industry has triggered a pivotal question for Muslim traders: Do the services that prop firms provide adhere to Shariah principles? This article explores how proprietary trading firms operate, what conditions make trading Halal, and whether proprietary trading firms align with Islamic financial principles.

When I began trading in the early 2000s, all brokers charged interest on Forex and commodity accounts, which is forbidden under Islamic financial principles. Fast-forward a couple of decades, and today, brokers worldwide offer “Islamic trading accounts” with access to a full range of Forex pairs and commodities without charging interest. This article examines Islamic trading accounts, how they work, the fees they charge, and how to apply for them.

Indonesia is an emerging Forex market that the best Forex brokers in Indonesia aim to serve with competitive trading conditions. The populous country is also a high-growth Forex market, and my article will cover some of the successful Forex traders in Indonesia to help beginners understand the similarities, the positives, and the cautionary lessons. It can shorten their learning curve and help beginners avoid many mistakes. I will also provide core attributes any profitable Forex traders must master, irrelevant to their strategy.

Many profitable traders rank leverage as one of the most essential trading tools, yet it remains one of the most misunderstood concepts in forex trading. Beginners wonder about the best leverage to use in Forex, and I will try to clarify the issue, beginning with debunking the illusion that higher leverage results in higher risk. I will present facts about leverage to help Forex traders utilize high-leverage Forex brokers without facing the downsides.

The Forex market operates 24/5 without an official opening and closing time, but there is a start to the trading week and an end to the trading week. Forex trading starts Sunday at 22:00 GMT and ends Friday at 20:00 GMT, which translates to Forex market hours in India starting from Monday 03:30 IST, and ending Saturday 03:30 IST.

The Forex market has no official opening and closing time as it operates 24/5, but there is a start and end to the trading week. The best time to trade Forex in Indonesia, from a technical perspective, is during the most liquid trading sessions. I will provide Indonesian Forex traders with the necessary data to understand the unofficial trading sessions in the four core Forex markets and how these can be exploited locally.

Buying and selling stocks has been going on for centuries, and the equity or stock markets have offered some of the world’s most stable long-term investment gains. This is clearly an accessible avenue for people of all walks of life to grow their savings and help them reach their financial goals. However, some Muslim investors have stayed away from trading in shares in fear that it may contravene Islamic financial principles.