Halal Binary Options - Islamic Trading And Brokers

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The word "binary" indicates that traders must choose between the answers "yes" or "no" to the question of whether an asset’s price will be higher or lower than the established level at a given point of time.

But you can definitely make binary trading work for you if you understand exactly why traders lose their money. In the first place, they go in for low time-frame trading. They believe that strategies such as the 1 Minute, 5 Minutes, and 15 Minutes strategies really work.

The life of a Muslim is guided by Sharia Law. Sharia is actually an old Arabic word meaning " pathway to be followed ". A Muslim is expected to abide by the Islamic principles covering all aspects of their life from social matters to economic matters that were expounded in the holy Koran. In the area of banking and investments, Sharia law strictly forbid the lending of money with interest. Investments in the Muslim world are instead governed by the concept of "risk sharing" through principles such as Bai’ al ‘inah (sale and buy-back agreement), Bai’ bithaman ajil (deferred payment sale), Bai’ muajjal (credit sale), Bai salam, Mudarabah (Profit Sharing), Murabahah and Musawamah.

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to check the exit point on the chosen trading strategy (this is especially true for traders who are making their first moves on the binary options market); for complete trading, replacing all existing types of analysis with this service.

Since you have to connect the robot to your account, there is the possibility of someone accessing your information. Since the robot is not human, it lacks your creative mind. It is guided entirely by a fixed set of parameters and cannot be trusted to make decisions in unusual situations.

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In order to overcome this dilemma, some innovative binary options brokers have come up with the idea of an Islamic trading account or "Swap Free" account that eliminates Riba of any form during trading. For example, instead of having an open market position rolled over automatically making overnight interest payable, open positions in Islamic trading accounts are closed by 5 pm New York time and then reopen immediately hence avoiding any interest payable for the fresh 24 hour cycle.