Frequently Asked Questions

  • What is the best currency to trade in Forex?

The EUR/USD currency pair is renowned worldwide as the foremost traded pair in the forex market, celebrated for its high liquidity and steadiness. This pair is frequently chosen by traders for its dependable nature and the steady opportunities it offers for profit. The USD/JPY is another popular choice by professional traders.

  • Is Forex Trading Halal?

Brokers (such as XM) catering to Middle Eastern clients, as well as those from various regions, offer Islamic Accounts. These accounts come with special features that comply with Sharia law, specifically prohibiting the accumulation of interest on deposited funds. So in case you are trading on an islamic account, then yes, Forex Trading is Halal.

  • What are the trading hours for Forex?

The Forex trading market is open 24 hours a day on weekdays. It closes on weekends.

  • What is the best book to read for forex trading?

There are quite a few great books about Forex Trading, such as “Forex Trading – Quick Start Guide” and “Currency Trading For Dummies”. Learning iis one of the major keys to successful trading. See our books-section for more information and to order books.

  • What is the best forex trading platform in Singapore?

First off, the broker needs to be regulated by MAS (Monetary Authority of Singapore). XM is a world class broker that is regulated by the MAS. The versatility of the platform, 24/7 support and educational tools makes XM one of the best brokers for forex trading in Singapore.

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