Assalamu-Alaikum and Greetings !

n this issue we will briefly introduce foreign exchange trading as a potential form of investment. Did you know that Foreign Exchange (Forex) Trading market is the largest market in the world by all accounts? It may be hard to believe but the Forex market is manifold bigger than the stock market in the value that is traded daily. This market has also been actively used by Muslims all over the world to grow their investments for many years. Read the article below that provides you some information on this topic and no matter where you live in the world, it also provides you the opportunity to open a FREE account so that you can start trading today.

For Muslim sisters living in the US/Canada, we also encourage you to browse through the tops and blouses offered by our affiliate partners. You will find tops and blouses from established brands at great prices. Quantities of these profiled models are limited - so make your selections as soon as you like them.

We are also looking to include more FREE titles in our Islamic E-Books and Islamic Videos sections. Stay tuned for more selections later this month.

Finally, later this month also look for a new site that will be focused on Muslim Marriages. The site will be great not only for single Muslims looking for partners but will also be a great source for married couples who are looking to strengthen their marriage bonds. So, stay tuned !

Forex Trading Competition

Trading Competition Details

This is not a meaningless Demo contest, this is a live trading competition, where competitors will trade their own, live trading account. We want to make this forex trading competition as realistic to live trading conditions as possible. So The Forex Village has teamed up with Lite Forex to offer traders a fantastic trading competition. First off, you can open an account with LiteForex with as little as $1!! If you like, you can look at this as an ‘Entry Fee', except that it's your money to trade as you like.

The competition winner for October was Vikram Pradesh from Mumbai, who made a staggering 164% return on his trading. Well done Vikram!

How Does the Competition Work?

The forex trading competition begins at 00.00GMT on the first trading day of each month and ends at 23.59 GMT on the close of the last trading day of the month. The winner will be determined by calculating the highest percentage gain each month. All winners will be notified by the 5^th trading day of the following month, and prize money will be sent by either Paypal or wire transfer to the competition winners.

Entry is permitted at any time throughout the month. Once you have an account, you are automatically entered for all subsequent trading competitions - so as long as you continue to trade, you have a chance of winning!

Why do I need to open a live account?

We want to encourage sensible, thought fuelled trading, not hot-headed risk taking. By having a live trading competition, we are able to stimulate live trading conditions, not meaningless trading on a demo account.

If we allowed entry to the competition on demo accounts, then there would be nothing to stop a trader from submitting 2 seperate entries under different names, then taking a highly leveraged ‘short' trade with one account, and a ‘long' trade with the other. Whatever happens to the currency pair in question, the ‘trader' is left with one of his entries having made a spectacular return.

The purpose of the competition is to avoid these problems, and to encourage sensible trading.

Featured Website - Forex Broker Rebates

The Forex Village is proud to introduce this month’s featured website, www.ForexBrokerRebates.com. The idea behind Forex Broker Rebates is that they will rebate back to the trader a portion of the spread for each forex trade the trader takes. Forex Broker Rebates have teamed up some of the biggest and most reputable forex firms in the industry – firms like FXCM, Forex.com and CMS Forex - to provide forex traders with great rebate deals. They will rebate back to you $4 for each single lot forex trade that you make.

Forex Broker Rebates act as ‘Introducing Brokers’ for these firms – which means they receive a small commission from the broker for each trade you make. Now the great thing about this scheme is that it costs you nothing to join – you continue to pay the same, competitive spreads with the brokers that you would if you didn’t register with them, but each month, you get paid a rebate, directly into your bank account. And what is even better, even if you already have an account with FXCM, Forex.com or CMS Forex, you can still register with Forex Broker Rebates to claim your free forex rebates. They say that there is no such thing as a free lunch, but in this case, they might just be wrong! If you want to learn more about Forex Broker Rebates, go directly to their website by clicking here.

Advertisers: are you interested in becoming The Forex Village’s ‘Featured Website’? Contact info@theforexvillage.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it for further details.

Muslim Friendly Forex Brokers

Shariah, or Islamic law prohibits any interest to be paid on an investment. However, the rollover interest from a forex position is a key aspect of forex trading. Thus the question arises, how can a Muslim forex trader from Saudi Arabia or the United Arab Emirates (or indeed a Muslim from any other country who wishes to trade forex in accordance with Shariah law) do so without violating Shariah law? Fortunately, it is possible to find a forex brokwho can provide an account which charges no overnight interest. Such swap-free accounts are usually offered only to Muslims in order to prevent abuse by other forex traders. To substitute for the revenue from a missing swap, forex brokers usually charge a flat fee for this service.

The following is a list of forex brokers which are suitable for Muslim Forex traders, allowing them to open the accounts without overnight interest (often called 'no Riba' accounts). These forex brokers are appropriate for forex traders from Iran, UAE, Saudi Arabia and other countries in the Middle East

Stress Test Results Impact Benign & Markets Wait for NFP

The much anticipated results of the US bank Stress Test failed to soften investor’s optimism, despite 10 firms requiring nearly $75bn in new capital. US equity markets closed slightly lower and the USD was able to make some headway, as traders braced themselves for uncertain events (US 30year yields rallied sharply after the 30year auction went quite badly). However, on the release, with no...

investor wanted

assalaamu alaikum.i pary what i write here sounds sincere whoever listens.i am a founder of islamic stationery business based on usa. i found great possibility and market on islamic stationery, arts and gift items. wherever we present our products, it was a sensation, and got so many praises from many. only thing is that i really need to develope this in a professional way. although i am good at brining creative idea-alhamdulillah, i am not good at finance. if someone out there wants to invest and wants to find out more, i will eager to explain and show what we have worked on. i started with intention that brings quality works to our communtiy as well others. my plan is once we got enough products i would like to franchise stores. there are many things i would like to state here, but rest will be for someone who is really interested in. it is like simply hallmark and potterybarn style business as i can say. all based on islamic arts, which sources are abundant, and i am proud of.thank you.assalaamu alaikum

Forex Broker Interviews

Getting to know your Forex broker is very important if you want to trade with a large amount of money, or if you can't decide between two or more brokers. Interviews with the Forex brokers help to understand the broker's structure and its vision on the traders. If you are already trading actively with some broker, reading its answers on important questions will help you to get some insight on its future plans. Anyway, it is always interesting to know what some Forex broker thinks about what it is doing.

Interview with FXcast Forex Broker — my first interview with FXcast (at that time) rather new Forex broker, which is known for its no-spreads Swing trading platform and the variety of e-currencies accepted as a payment method.

Interview with FXOpen Forex Broker — questions to FXOpen head manager generally were about their rebranding, Islamic Forex trading and some other Forex related issues.

Interview with eToro — this interview is about eToro innovative Forex trading platform, which offers some of the most original ways to make money via Forex market combined with the intuitive interface.

Interview with FXCM — my first interview with such a large broker, it's mainly about various issues with FXCM, including managed accounts, Refco bankruptcy and other topics.

If you want me to make an on-line interview with your Forex related company or site, or if you have an idea for my next interview please, use this form to contact me.