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Is Trading A Speculative Market(forex) Haram?
Salam my question is that trading short term ( buying or selling currencies for an hour or a day or max a week), include more risk and more profit scenarios… there is nothing immoral in doing that type of trading, there is no games of luck going on but a real prices of currencies which only changes when demand and supply of those currencies changes… but it gets close to gambling in a sense that we want to gain profits by keeping in mind the risk of loss .. we can make alot of strategies in trading which in a longer term (after a series of trades) give you consistent income ..but we cant fully eliminate the risk of losses plus after learning it fully you still cant predict the market fully , the only thing we can predict is the probability of the market to go up or down in coming day or an hour ,So if there is nothing immoral but the business is speculative , will this be considered halal or haram?? Thankyou
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1 Reply
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Is Trading A Speculative Market(forex) Haram?
updated 1 week, 5 days ago
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This kind of risk more or less is there in every business. It is not gambling therefore it is rightful.
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