🔴Advice for those with small amounts: Most say that when I buy, the currency drops, and when I sell, it rises, and most lose their money this way. So I will give you a secret of trading that I discovered during my subscription period, which is that the rise trap lures the trader into buying, believing that the currency will rise more. So when he buys, after a few minutes, the currency drops. This is natural because the measurement you based your buying on and the thought you had when you bought are similar to thousands of traders who bought. So when they buy, the supply increases and the demand decreases, causing the currency to fall. So advice: ✅1_ Do not buy when you see the currency rising. ✅2_ Do not put your money into one currency. ✅3_ Make sure of the currency before buying it. ✅4_ Do not sell when the price drops, no matter the cost; these are supply and demand markets. Just as it dropped today, it will rise tomorrow. ✅5_ Know that you are in it for profit, not loss. Most see another currency rise and sell the first currency at a loss to chase the second currency, falling into the same trap. Do not sell at all. ✅6_ Buy when you see the markets falling. ✅7_ Do not sell for less than profit at all. ✅8_ If you have a small amount, do not enter it into currencies priced over 1 dollar; enter into currencies with lower prices to profit. $BNB $SOL $BTC BTC $SOMI $PEPE
Futures trading and its ruling: is it Halal or Haram and what is the Halal alternative 👇
📌 What is futures trading?
Futures trading or futures contracts is a type of trading on Binance that allows you to buy or sell a contract representing an asset (like Bitcoin, Ethereum...) at a specified price, but settlement occurs in the future.
You can profit whether the price goes up or down (depending on your position 'buy' or 'sell').
It often involves financial leverage, meaning you can open larger positions than your balance, which increases profits but also increases losses.
Futures trading and its ruling: is it Halal or Haram and what is the Halal alternative 👇
📌 What is futures trading?
Futures trading or futures contracts is a type of trading on Binance that allows you to buy or sell a contract representing an asset (like Bitcoin, Ethereum...) at a specified price, but settlement occurs in the future.
You can profit whether the price goes up or down (depending on your position 'buy' or 'sell').
It often involves financial leverage, meaning you can open larger positions than your balance, which increases profits but also increases losses.
📍 Trading/Investment for the purpose of buying and selling: If your intention is to buy a digital currency and hold it, then sell it at a higher price, this is permissible by Sharia provided that: 📍 The currency is permissible for use (not associated with prohibitions, gambling, or money laundering). 📍 The transaction is conducted immediately (legitimate receipt: receiving the currency in your wallet at the time of purchase). The contract does not include any usurious interest.
❌ Forbidden by Sharia: 👎🏻 Usury (interest) If you trade through platforms that offer leveraged loans (margin/leverage) and charge interest or financing fees on the loan → this is prohibited usury.
👎🏻 Gharar and gambling (excessive risk) If trading is merely gambling (entering without study and relying only on luck like gambling), it is prohibited. Some platforms offer derivative contracts like Futures or Options that resemble betting on price without owning the asset → this is prohibited gambling.
👎🏻 Dealing with prohibited currencies Currencies that were created or used primarily for prohibitions, gambling, arms trade, or money laundering → it is not permissible to buy them.
👎🏻 Manipulation and fraud Engaging in suspicious projects (Scam Coins) or Ponzi Schemes "guaranteed profit" → it is forbidden to consume people's wealth unjustly.
In summary: Permissible: Buying and selling digital currencies (spot trading)
Is PROVE currency halal or haram? We will try to answer that by understanding the currency project, its mechanism, and the services it offers. Currency Project $PROVE Succinct Protocol is a decentralized proof network that facilitates a lack of knowledge for everyone.
It is a protocol focused on verifiable computing, enabling developers to easily create and verify zero-knowledge proofs (ZK) in diverse environments using zkVM (zero-knowledge virtual machine) for multiple purposes.
Halal services offered by PROVE currency Useful actual use (using ZKPs for linking with Ethereum or other settlement layers). Instant trading with no delays for on-the-spot payment. No presence of interest mechanisms. Haram services offered by PROVE currency The family of the Arabic Bitcoin Academy website studied the PROVE currency project and found no suspicious services it offers; this is a personal effort by the site team. Is PROVE currency halal? Based on the previous data and the PROVE currency project, PROVE currency is halal, and Allah knows best.