Frequently asked questions
At first, if you are just starting out with trading, you will start with a demo account (for practice). With building your self-confidence, you can start trading with real money and you can build your real account after learning and engaging in the market and strategies, then you can start with a small account that starts at $ 500.
No! Trading is not haram, provided that there is
1) No interest element
2) Trades are conducted “hand to hand”
3) The stocks, commodities, or stocks purchased do not offend against the tenets of Islam.
If the Riba (interest) element is removed, a convincing case can be made that online trading is halal and not haram, especially if leverage is not used.
Yes! We have many traders that trade part-time while working a full-time job. In general these traders choose swing trading. They enter trades, place live stop orders, and walk away. This is the best strategy for trading while working. Fortunately our time zone in the Middle East & Arab World is very suitable for trading hours (The market starts at 9:30 AM USA time, which means 5:30 PM KSA time.
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