Forex Exchange Blog

Nice Robo asked:


You know, internet based Foreign Exchange (FOREX) give an other interesting source of money. Soros used it, many forbes personnels used it. However, there is one question that always in mind of me and maybe other muslims in the world. Is Forex Halal?

GOLIGHTLY

andre77 asked:


For example:
As of right now its EUR/USD 1.39108 If it was to got up lets just say 1.45000. Is that good for the EUR or good for the USD?

Sorry for the noob question I want to get into forex exchanging

KODA

skater4fundude asked:


Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I’ve been waiting and watching the rates drop since October. I can’t see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I **** the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.

I really can’t find any info on the web about this. I’m not looking for FOREX forecast’s here, but any helpful information and insight.

ITO

John S asked:


I am going to be paying income tax for the first time on some small earnings I made trading EUR/USD on the Foreign Exchange. I need to know if this type of trading is considered commodities, subject to the 60/40 (23%) rate, or if this is considered futures, and therefore 35% rate.

SEVERY