Binary options brokers
For binary options trading is still a relatively new concept. With the introduction of online trading, a lot of people from all over the world have the opportunity to trade binary options as well. This includes Muslim people, who represent nearly a quarter of the world's population. However, the method of trading in Muslims is a little different from what is used in the rest of the world because of Sharia. Some may accuse binary options trading of being against the laws of Islamic Sharia by using the method of “usury” or interest. This has resulted in many brokers creating Islamic trading accounts to take advantage of Muslim traders to allow them to trade online without fear of violating Islamic Sharia laws.
The word 'Sharia' means 'the path to be followed'. It is the Islamic principles that govern the life of every Muslim, including economic issues, and these principles are represented in the Noble Qur’an.
What are binary options?
In the world of financial trading. Binary options or betting on either Up or Down is a widely used trading method. Binary options are for the trader to choose if the price of an asset will go up or down decreases at a specific time. All binary options are divided into two categories. They are cash-or-nothing or asset-or-nothing, the first offers a specific amount and the second offers you a value.
The assets in binary options: stocks, currencies, indices and commodities
Assets are different options given from stocks, currencies, and investments that carry value and that can be sold and traded for profit. There are a large number of assets that fall under the name of binary options. It includes your recurring assets such as currency pairs such as USD/EUR and AED/USD.
There are other common assets such as commodities, such as gold and fuel, as well as indices such as the ASX200 index
How to trade using binary options?
Open an account on a trading platform and add money to your account. There are many platforms that give you rewards when you join them. Choose the asset you want to trade on and choose if the price will go up or down. After the time is up you will see if you have won or lost.
3 - How do you choose a broker for binary options or to bet on up or down?
When you choose a broker, make sure you have information on whether it is accurate or disciplined. Secondly, review their customer service and their position and fame in the trading market. Third, get to know the types of trades they offer and the software they use. Finally, get to know the profits that they provide because they differ according to the different binary options. We now offer you the most reliable brokerage company that provides Islamic accounts and services to Arab traders from the United Arab Emirates, Qatar and Saudi Arabia.
All of these brokers offer you bonuses when you join them and provide you with customer service. Try to create a small account and this way your account will be secured. You can learn skills in the trading industry. You can also grow and profit once you learn the trading system to start profiting as soon as you stand at the beginning of the trading path.
What are binary options