Most of the cases where people declare it Haraam is when they say it involves Interest or ribs, someday leverage is ribs, and you pay interest on leverage. to give you a proper understanding I'll explain with a normal world example.
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Suppose you have 100,000 and want to do a business which requires 1,000,000 to start, you go a bank and deposit your 100,000 to the bank as security and take that 1,000,000, now everything you earn or loose is for yourself, bank is not partner in this business. Suppose after some time you made 1,000,000 profit over the loan, and now you return it to the bank, and get your security deposit of 100,000 back. You pay only the transaction and processing fees, and bank only takes that 1,000,000 from you and doesn't charge you over that amount. The bank only charges you processing and transaction fees, which is totally right for it to charge because they're providing a service.
Leverae In Crypto Coin For Trading
So same in this case, in futures you take leverage as a loan and return it back after closing trade, you pay transaction fees depending on you leverage and position size which makes sense because greater the transaction value greater the fee and vice versa. and any exchange you say never bears a loss nor profit from your trade, you can loose only the margin you invested, once it is finished tech exchange knows you don't have funds so it closes your trades and take its money back.
If you read it carefully enough and understand how exchanges work and how financial system works you'll understand that there is no interest or anything like that involved, also for the argument that you don't own it, you can buy or sale an asset without owning it in a future date if you have a able supplier and proper delivery arrangements in this case the supplier is exchange which gives the money and when contract is placed its full filled at the close time. I hope you understood the point here.
In options you agree to buy or sell in some future date on a price, but you can choose not to buy and sell and break contract, which is not permitted in Islam, hence option trading doesn't give you guarantee or fulfillment of your contract and seismically you should avoid it.
Is Leverage Scam?
leverage is a scam, better focus on risk to reward ratio, use either 1x or 100x that's not gonna effect the profit or loss if you risk a specific amount per trade, no matter what the leverage is the profit n loss remains same, high leverage hunts your wallet balance with funding fee and you can flex the %'s with high leverage apart from it leverage doesn't matter.
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I’m making a free beginners guide course on YouTube. I will be teaching you everything I’ve learnt in my past 3 years and the things I’ve learnt from Hustlers university and many other Paid groups !
I’m sharing my experiences with you so you don’t have to join any paid groups for learning, I will keep the videos short and simple so any beginner can easily understand! ❤️
Here Are Some Trading Tips For You All
1. When the market crashes look for the coin that didn’t crash a lot and is staying strong. It has more chances to go up when BTC pumps.
2. The goal of profitable trading is to sit on your hands ( Wait for the market while preserving capital) and enter big when opportunity presents .
3. When the market is undergoing a strong upwards trend. Don’t try to jump in and out. Just go with the flow and you will make more money.
4. Act like the smart money. Trade people , not the price.
5. Right now is never the best entry .
6. Use ranges for daily trading.
7. Time the market , don’t enter randomly.
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