Myfxbook claims +14 pips positive slippage for its AutoTrade copy traders
Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.
Is Forex Trading Halal or Haram?
Forex social network and copy trading platform service Myfxbook announced the introduction of slippage information to its AutoTrade copy trading service. And as part of its introduction, Myfxbook made a very interesting claim (see below), which we hope to look further into in the coming days. Specifically, Myfxbook claims that users of its AutoTrade copy trading service experienced an average of 14.4 pips of positive slippage on each round trip trade — 5.9 pips on the initial trade and 8.5 pips on the exit trade.
We don’t doubt Myfxbook’s numbers, but we do aim to understand them better. We don’t really understand why copy trading of any kind, even successful copy trading, would result in positive slippage, especially that much. With spreads on most traded instruments in the 2-5 pips range, 14 pips is quite a large number.
Is Forex Trading Halal or Haram Conclusion
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