forex

Q: Please advise regarding online forex trading. I have read other nodes but answer is still not clear. It is a swop free account - so no interest is charged if trades are kept overnight. I only trade forex and stay clear of individual stocks. When a transaction takes place I am purchasing a contract to exchange the difference between the opening price and the closing price of that contract. Please provide a clear yes or no answer.

Q: I trade currencies in the Forex market. I do not use leverage or margin, neither do I receive interest or pay any interest. All these things are done through an online broker. Is it permissible?

Q: What about forex trading, is it halaal or haram? Swap free accounts are offered by many forex brokers which they call Islamic forex trading accounts?