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In the forex world, a swap is like a small fee or bonus for holding onto your trade overnight. It's the interest difference between the two currencies you're trading.
So, if you hold onto your euros longer, you might earn a bit or pay a bit, depending on the interest rates. Think of it as the cost or bonus of keeping your travel money a little longer!
What else can I help you with?
Is there any Forex Trading Company giving MT4 platform along with Islamic-swap free accounts?
Yes, there are Forex Companies that give MT4 platform along with the Islamic swap free accounts.
Is forex trading halaal?
Forex trade when it is done physically on the spot is Halal and permissible. Any profit earned from such trade is also permissible. Online forex exchange where people buy and sell different currencies online without actually acquiring physical possession is not allowed according to many scholars.There are many brokers out there such as instaforex,Greenvault FX,yadix, etc.. who are offering islamic swap free account to islamic traders.
What is the managed forex?
"The Managed Forex has to do with trading.
Is forex currency trading halaal?
By halaal I'm assuming you mean to ask if it complies with the Islamic law. Some forex brokers have set up Islamic accounts specifically for this purpose. They are know as Islamic or Swap free accounts. The basic premise of the "islamic-safe" type of forex accounts comes from Shariah law interpretation that muslim cannot receive anything in return for giving. This means no interest can be given or received on any financial account.
Where can one check the Forex markets?
One can check the Forex markets on the Forex official website. The website Forex Markets is also a good way to check on all the latest news and charts regarding Forex.
How can one avoid forex swap when trading currency?
You can opt for a broker who doesn't provide Swap. Some time they call themselves Muslim friendly brokers. It comes from the fact that it is not allowed religiously for Muslims to earn or pay interest on the money placed in the bank or in this case a Broker. I may be wrong on this one, perhaps someone else can elaborate.
What is a forex cover?
I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.
How does the forex works?
You can go with Forex Brokers like Integerfx.
When was Forex Bank created?
Forex Bank was created in 1927.
What is the population of Forex Bank?
Forex Bank's population is 700.
When was Forex-Metal created?
Forex-Metal was created in 2007.
Why is forex useful?
Forex is the only way to get more money.
