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7 replies to this topic

#1
kuki

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    بِسْــــــــــــــــــمِ اﷲِالرَّحْمَنِ اارَّحِيم .

    ​ALLAH may bless you all,
    for last couple of months i was involved in forex trading which is more volatile and dynamic than stock market.the whole fx market revolves around "speculations "​ .if you want to be profitable then your speculation should be good.
    MACD , ​Parabolic SAR​,​Stochastic​,​RSI​ and SMA these are just few names which are used to determine your guesswork.​but fact remain unscathed that you cannot apprehend the next move of market ,to be sure, rather you would speculate.the best fx strategy is no more than a 60% right guess. so all this is to tell you avoid fx market.it is a form of gambling and it is haram.
    As a Muslim when i realized that speculation is a form of gambling so i quit fx market and came back to stock market. but my main worries still linger if stock market could also be considered as speculative.if we consider day trading then it seems close to fx market but if you manage to analyse some fundamentals and do some technical job then it becomes a pure business ( even day trading too),at least in my humble opinion.
    so i came here to share my thoughts with you. i would request admin or founder of this forum to start a sticky thread which should cover all technical aspects of different stocks and would comprise all technical and fundamental data to make us understand what we are buying and why we are buying.
    thanks in advance for your patience reading this.
    syed Abdur Rehman

    Edited by kuki, 13 August 2016 - 12:34 PM.

    the greatest solace is to perceive the presence of ALLAH


    #2
    ahmedkhan

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    Even there is speculation in Stock market and there are lots of SATTA items like these days there are speculation about Dewan group, KEL acquisition balloon busted recently and similar thing has happened few months back also. Question is that whether Speculation is bad or to some extent it is OK? Even there are speculations about the result announcement because if you want to make money in short term then you have to identify any anomaly in the current price with reference to future price by pure speculation. It is usual that people "BUY AT RUMORS AND SELL AT NEWS'

    #3
    kuki

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    View Postahmedkhan, on 13 August 2016 - 02:15 PM, said:

    Even there is speculation in Stock market and there are lots of SATTA items like these days there are speculation about Dewan group, KEL acquisition balloon busted recently and similar thing has happened few months back also. Question is that whether Speculation is bad or to some extent it is OK? Even there are speculations about the result announcement because if you want to make money in short term then you have to identify any anomaly in the current price with reference to future price by pure speculation. It is usual that people "BUY AT RUMORS AND SELL AT NEWS'

    in fact that particular behavior is a result of a poor knowledge.if expert like you post on daily basis some fundamental and technical analysis then people like me would not seek profit in rumors. if I place a trade with name of ALLAH just after completing my necessary technical homework then i would not bother such things.i would rely on ALLAH and would be satisfied that my trade is a positive trade because it is not based upon rumors rather upon some concrete ground realities.for this we must share concrete things so as to transform gamblers into real traders. regards
    the greatest solace is to perceive the presence of ALLAH

    #4
    kuki

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    very good site if you want analyse some particular chart as i dont see any option in ahl PF which i am given
    http://www.scstrade....lysis/fncharts/
    the greatest solace is to perceive the presence of ALLAH

    #5
    Research Doctor

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    View Postkuki, on 13 August 2016 - 08:05 PM, said:

    very good site if you want analyse some particular chart as i dont see any option in ahl PF which i am given
    http://www.scstrade....lysis/fncharts/

    Excellent updated/new link. We do use old link of SCS. Thanx a lot. And welcme back to the stocks and forum after many years.

    #6
    asfand1

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    Not sure about forex trading, but I have asked several authorities and everyone agrees that the stock market is Halaal as long as the companies you own the stocks of do not indulge in anything Haraam.






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