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Important details for every trader👇
The answer in brief
Forex is betting and gambling among professionals in trading on price differences without legal possession, and this is forbidden.
As for spot trading, it is simply commerce, actual buying and selling of the asset with possession before selling it and owning it completely, with profit from the price difference.
- The first, which is Forex, profits from the price difference without the required possession according to Sharia, thus leading the user to fall into gambling and earning forbidden profits.
The second, spot trading, is commerce in which the condition of possession is fulfilled, and profit is made from the price difference resulting from actual buying and selling of the asset after owning, possessing, and holding it.
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