Swap-free or Islamic Accounts

00Swap-free accounts are also called Islamic because owners of such accounts exercise Islamic religion. According to the rules of the Mohammedan religion, any business transactions, where one of the parties must pay or get an interest from another party, are prohibited. Islamic or Swap-free accounts allow trading any currency pair and if a position is carried over midnight, a trader does not earn and there is nothing to withdraw from trader’s account, regardless of the open position volume. Islamic accounts were created special for Muslims, because crediting swaps and interests is against their religion. Accounts which are not influenced by swap allow their owners to hold positions as long as it is necessary. In this case the result of trading depends only on the currency rates change during a certain period of time. Due to this peculiarity Swap-free accounts became popular in both Islamic countries and worldwide. Many Forex brokers provide swap-free service for free.

Swap-free or Islamic Accounts

00Swap-free accounts are also called Islamic because owners of such accounts exercise Islamic religion. According to the rules of the Mohammedan religion, any business transactions, where one of the parties must pay or get an interest from another party, are prohibited. Islamic or Swap-free accounts allow trading any currency pair and if a position is carried over midnight, a trader does not earn and there is nothing to withdraw from trader’s account, regardless of the open position volume. Islamic accounts were created special for Muslims, because crediting swaps and interests is against their religion. Accounts which are not influenced by swap allow their owners to hold positions as long as it is necessary. In this case the result of trading depends only on the currency rates change during a certain period of time. Due to this peculiarity Swap-free accounts became popular in both Islamic countries and worldwide. Many Forex brokers provide swap-free service for free.

Old man walking to the Stage

old-man1Old man walking to the Stage

I was attending a Motivation Seminar conducted by a well-known Insurance Company. There was one part where they called upon a veteran who has already retired to give a testimonial. He was sitting in the audience somewhere in the back. After his name was called, he stood up amidst the applause, made his way to the front. The auditorium was slanted forward and so there were steps along the side where he walked. Somewhere near the front seats, he toppled and felled. There was a huge commotion of shock from the audience but when they saw him get up and carried on walking, there was a smaller commotion of relief. Continue reading

Old man walking to the Stage

old-man1Old man walking to the Stage

I was attending a Motivation Seminar conducted by a well-known Insurance Company. There was one part where they called upon a veteran who has already retired to give a testimonial. He was sitting in the audience somewhere in the back. After his name was called, he stood up amidst the applause, made his way to the front. The auditorium was slanted forward and so there were steps along the side where he walked. Somewhere near the front seats, he toppled and felled. There was a huge commotion of shock from the audience but when they saw him get up and carried on walking, there was a smaller commotion of relief. Continue reading