A charter accountant finalist by profession. Keeping an eye on in depth money making strategies and exposing fake money making schemes and plans. Please follow!
I'll suggest to take your first trade as lesson as ALLAH wants you to stay away from haram. Avoid futures, forwards, options and swaps etc. go with spot and with halal structured.
Meer Aalishan
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this was my first ever trade, I got caught by a fool's words BC 🥺😔
Learning crypto trading before jumping into live trading is crucial for several key reasons:
1. Understanding Market Volatility
Crypto markets are highly volatile, often experiencing rapid price swings.
Without prior knowledge, this can lead to panic decisions and significant losses.
2. Risk Management
Learning beforehand teaches how to set stop-losses, position sizes, and risk-reward ratios.
These strategies are essential to protect your capital.
3. Technical & Fundamental Analysis
You'll need to understand chart patterns, indicators, and news impact.
Studying these before trading live helps make informed decisions instead of guessing.
4. Avoiding Common Mistakes
New traders often fall into traps like FOMO (Fear of Missing Out) or overtrading.
Education and simulated practice can help build discipline.
5. Using Trading Platforms
Each platform has its own tools, fees, and features.
Learning how to navigate them through demo accounts reduces costly errors.
6. Emotional Control
Simulated trading helps build mental resilience and decision-making skills under pressure.
7. Strategy Testing
You can backtest and forward-test strategies without risking real money.
This builds confidence and helps refine your approach.
Conclusion:
Learning crypto trading before going live is like using a flight simulator before flying a plane—it prepares you, protects your investment, and gives you the tools to trade intelligently.
The use of leverage without interest depends on the method of executing the trade and the conditions followed.
Using leverage without interest depends on the way the trade is executed and the conditions followed. Here are some examples of how leverage can be used in a way that avoids interest:
### 1. **Islamic Trading**
- **Interest-Free Accounts**: Some platforms offer Islamic trading accounts, where leverage is used without charging interest on the borrowed amount. These accounts adhere to Sharia and avoid usury.
### 2. **Futures**
- **Futures Trading**: Sometimes, leverage can be used in futures contracts, where a specific price is agreed upon to buy or sell an asset in the future without having to pay interest.
### 3. **Financial Options**
- **Using Options**: Call or put options can be used as a means of trading with leverage without borrowing from the broker at interest.
### 4. **Commodity Trading**
- **Halal Commodity Trading**: Using leverage to trade commodities such as gold, silver or oil (if available in a Shariah-compliant manner) without borrowing at interest.
### 5. **Margin trading without interest**
- **Islamic Margin**: Some platforms may allow margin trading without charging any interest on the borrowed amounts, making this an acceptable method.
### 6. **Known Transactions**
**Swaps**: In some cases, leverage can be used through swaps or asset swaps, where terms are negotiated interest-free.
### advice:
It is always important to read the platform’s terms and conditions and ensure that they comply with Sharia law, and it is preferable to consult an experienced person or Sharia scholar for accurate guidance.
We woke up to a beautiful morning today. After a long period of silence, we're finally seeing some impressive gains in altcoins.
Ethereum has surged nearly 35% in just two days, approaching the $2400 level.
And it's not just limited to that — Ethereum-based staking and Layer 2 projects have also seen strong upward moves, reminding investors of the joy they had almost forgotten.
Those who were scared off by the “Sell in May” saying and stayed on the sidelines are starting to re-enter the market.
Ramadan Kareem! 🌙 The Ramadan Competition from Binance Square has started now! 🎉 Celebrate the spirit of Ramadan and get your share of 5,000 USDC! From March 14 to 28, complete tasks and interact with the Ramadan 2025 calendar from Binance for a chance to win. How to participate: ✅ Follow the Binance MENA account on Square. ✅ Share the official post of the Ramadan competition. ✅ Complete at least one eligible campaign from the Ramadan calendar. ✅ Create a post on Binance Square with the hashtag #RamadanGiveaway, showcasing your progress or completion of tasks. Prizes: 🏆 4,000 USDC will be distributed among all eligible participants. 🔥 Participants who produce the best 5 posts in terms of engagement will share an additional 1,000 USDC. شارك هنا Good luck, and Ramadan Mubarak! 🌟 للمزيد من التفاصيل
Ramadan Kareem! 🌙 The Ramadan Competition from Binance Square has started now! 🎉 Celebrate the spirit of Ramadan and get your share of 5,000 USDC! From March 14 to 28, complete tasks and interact with the Ramadan 2025 calendar from Binance for a chance to win. How to participate: ✅ Follow the Binance MENA account on Square. ✅ Share the official post of the Ramadan competition. ✅ Complete at least one eligible campaign from the Ramadan calendar. ✅ Create a post on Binance Square with the hashtag #RamadanGiveaway, showcasing your progress or completion of tasks. Prizes: 🏆 4,000 USDC will be distributed among all eligible participants. 🔥 Participants who produce the best 5 posts in terms of engagement will share an additional 1,000 USDC. شارك هنا Good luck, and Ramadan Mubarak! 🌟 للمزيد من التفاصيل
Binance P2P Scams 🔥🔥🔥🔥🔥🔥👇👇👇👇 P2P (peer-to-peer) trading on Binance allows users to trade directly with each other, but it’s also targeted by scammers. Here's how some of the most common scams operate: Common Scams: 1. Fake Payment Confirmations: Scammers send false payment proofs to make it appear as if they’ve transferred funds. Sellers, believing they’ve been paid, release their cryptocurrency without verifying the payment. 2. Impersonation: Fraudsters create fake profiles mimicking trusted traders or Binance support. They manipulate users into trusting them, leading to compromised trades. 3. Chargeback Fraud: Scammers use payment methods like credit cards, complete the trade, and then reverse the payment (chargeback) while keeping the crypto. 4. Phishing: Scammers direct users to fake Binance websites or send deceptive emails to steal login credentials, gaining unauthorized access to accounts. 5. Too-Good-to-Be-True Offers: Scammers offer highly attractive exchange rates. Once the victim engages, they manipulate the transaction. Protection Tips: Verify Payments Independently: Always check your payment app or bank account, not just screenshots. Enable Security Features: Use two-factor authentication and anti-phishing codes for extra security. Trade Only on Binance’s Platform: Avoid external communication or unofficial channels. Report Issues Promptly: Use Binance’s in-app dispute features for resolution. By staying vigilant and following these practices, you can minimize the risk of falling victim to P2P scams. For more details, check Binance's official guidance on. #ScamAware #P2PScamAwareness #scamriskwarning
Now it is time for meme coins as whales had booked larger profits from $BTC and $ETH . Invest to book higher profit especially in $SHIB #shiba⚡ #InvestInSHIB #TrendingBinance
Shytoshi Kusama Promises to Strike Back at Bad Actors Hard: Details
The enigmatic SHIB lead known under the pseudonym Shytoshi Kusama has made an important statement about what he referred to as “new bad actors,” warning them that their plans would be overthrown by counter actions from the SHIB team.
Shytoshi promises to defend DAO
Kusama said that he had a revelation “in a dream” about “the shadowcats plan to take over the DAO” meaning the DAO Governance (DAO standing for a decentralized autonomous organization) that the SHIB team is working on, planning to transition the governing functions over the ecosystem to every SHIB holder “regardless of the size of their stake.”
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The introduction of the DAO will give SHIB users (Shibizens) “more control over decisions that impact the ecosystem,” according to an article published by SHIB marketing lead Lucie on her X account at the end of August.
Now, Shytoshi Kusama tweeted that the aforementioned plan was “same plan from before, (mostly) new bad actors.” He claimed that no plan against SHIB and DAO will succeed since the team is ready to strike back timely and efficiently to prevent any possible damage: “Plans are in place for just such actions.”
Took me a moment to realize it, and it only came in a dream, but now I see the shadowcats plan to take over the dao. Same plan from before, (mostly) new bad actors. It won't succeed as plans are in place for just such actions.
— Shytoshi Kusama™ (@ShytoshiKusama) December 2, 2024
Top SHIB dev's "big ideas" for SHIB burn upgrade
In a recently published tweet, top SHIB developer Kaal Dhairya revealed that he has got “some big ideas” that could be included in the Shiba Inu ecosystem - in particular for token burns.
He did not reveal any details but said that he has been working, while “others sit back expecting results without effort.”
While others sit back expecting results without effort, balance doesn’t restore itself. I’ve got some big ideas that we can include in the ecosystem ( for 🔥) AND pic.twitter.com/D4PwOTqsAK
— Kaal (@kaaldhairya) December 1, 2024
This tweet came after a heated debate on the X platform over the weekend, where Kaal Dhairya took an active part trying to bring it home to complainers that the SHIB team is not responsible for making Shiba Inu burns. He pointed out that "burning and decreasing supply is a cumulative effort."
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The higher the utility that Shibarium sees, the higher burns go, he said. The developer also said that the automated SHIB burn mechanism will be down for maintenance soon “to introduce an even better, cheaper burn mechanism.”
Speaking of burns, in the last month, according to the Shibburn tracker, the SHIB community and the developer team have managed to dispose of a record 3,162,301,655 SHIB meme coins in 167 transactions to dead wallets.