Are futures contracts forbidden or permissible and are they dangerous .....? This is what we will know in this post.. God willing

"Futures in Digital Trading: Risks and Opportunities

Futures trading is an opportunity to make big profits, but it requires experience and great attention. Here are the main points:

Benefits

1. Leverage: Allows trading with larger amounts.

2. Profit in any direction: A profit can be made whether the price rises or falls.

3. High liquidity: Allows deals to be closed quickly.

Risks

1. High risk: Can lead to big losses.

2. Automatic liquidation: Can lead to the loss of all capital.

3. Lack of experience: Requires a deep understanding of technical analysis and risk management.

4. Market manipulation: Can affect prices.

5. Random rush: Can lead to losses.

Tips

1. Avoid futures if you are a beginner.

2. Use spot trading instead.

3. Set a stop loss.

4. Do not invest more than you can afford to lose.

5. Plan carefully before entering.

Suitable people

1. Professionals with Long experience.

2. High-risk speculators.

Remember that trading requires sufficient understanding of the tools and risks. Do not invest without a clear plan."

The bottom line is that this type of trading is considered forbidden by Islamic law.....

It is better to buy and sell currencies .... although there is also a difference in what is permissible and what is forbidden..... and Allah knows best....