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The following decisions were made:. Based on the in-depth research conducted, the Discourse has found that individual spot forex electronic transactions contain elements of usury riba in the imposition of rollover interest, resemble a sale contract with credit term by way of leverage, is ambiguous forex online analytics terms of the transfer of the possession of items exchanged between the parties, include the sale of currency that is not in possession as well as speculation that involves gambling. Furthermore, it is also illegal under the laws of Malaysia. In relation to the above, the Discourse has agreed to decide that the hukum islam main forex individual spot forex electronic transactions are prohibited as they are contrary to the precepts of the Shariah and are illegal under Malaysian law. Therefore, the Muslim community is prohibited from engaging in forex transactions such as these. The Discourse also stressed that the decision made is not applicable to foreign currency exchange operations carried out at licensed money changer counters and those handled by financial institutions that are licensed to do so under Malaysian law. Click here to view.

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Forex symbols

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To show a list of all available forex currency symbols on the MT4 forex platform follow the steps below:. All the forex symbols available will be shown the same way as the MT4 forex symbols example below:. From the above list of all forex trading symbols, a forex trader can select the forex currency pair they want to trade, by right clicking on any forex symbol, then selecting " open chart ".

Once the forex chart is opened a forex trader can then open a forex trade for the newly selected currency symbol using the forex chart that is opened. Once you have selected all the forex currency pairs that you want, you may want to hide all the other currency symbols that you are now not trading. To hide those forex currency symbols that you are not interested with, follow the steps shown below:.

Hiding of currency pairs is done so as to save internet bandwidth that the MetaTrader 4 forex trading platform is using. There is no need of streaming forex price quotes of 50 forex currency symbols if you are only interested in 1 or 2 forex currency symbols, you only need streaming prices for the 2 forex currency symbols only. That way you will only receive streaming forex price quotes for these 4 currency pairs instruments only.

Note: there is now the fractional pips, the fractional pips is the fifth decimal point in a forex price quote, but this fifth decimal point is not the forex pip, the forex pip is the fourth decimal point. So if you have opened 1 forex contract and the exchange rate moves by 0. How Currencies are Named in the Forex Market To learn the forex currency pairs naming formats used in the forex market we shall first look at how forex currencies are named and then look at how forex currency pairs are named.

To hide those forex currency symbols that you are not interested with, follow the steps shown below: How To Hide Forex Symbols on MetaTrader 4 To Save Internet Bandwidth Hiding of currency pairs is done so as to save internet bandwidth that the MetaTrader 4 forex trading platform is using.

This is how profits are generated in the forex market. Open Account. Z Academy - Advanced 1. Z Academy — Beginner 1. What are Financial Markets 4. What is OTC? What comprises a financial market? What are commodities? What are spot trading and futures trading?

Trading Models, What are they? What are the most important economic data? What is Foreign Exchange 8. What is Market Liquidity in Forex? Advantages of trading foreign currencies Online forex trading vs foreign currency bank accounts What is the Dollar Index in forex? What is reserve currency?

Understanding Forex Trading How to understand the forex quote? Practical Guide to Forex Trading Why use leverage? What is margin trading and why do we have margin calls? How to calculate leverage? What is Spread and Pip? What is a pip value? Why do the spreads sometimes become wider or narrower? What is slippage? What are long and short positions? How to interpret the contract size in FX trading? What are stop loss and take profit? Trading Platform Introduction

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Forex Quotes Explained

Euro / US Dollar. US Dollar / Japanese Yen. British Pound / US Dollar.