Ultimate Future Trading Guide for Beginners: why I think it’s Halal to all terms and definitions included - Warning ; Do not , I repeat do not invest untill you have done minimum three months of Demo otherwise sub Waste hoga - Future Trading ka Basic Concept Socho ke tum aur tumhara dost ek cricket match dekh rahe ho. Tumhe lagta hai Pakistan jeetega, aur tumhara dost kehta hai doosri team jeetegi. Tum dono decide karte ho ke jo galat hoga woh doosre ko 100 rupees dega. Future trading mein bhi kuch aisa hi hota hai, magar yahaan apne anadaz ke saath paisay wager (bet) ki tarah lagate ho. Lekin yahaan hum kisi khilaadi ke upar wager nahi lagate, balke market ke upar apne anadaz ko trade ki form mein lagate hain. Yani, tum yeh soch kar trade lete ho ke price upar jayegi ya neeche aur is par tum profit bana sakte ho. Futures trading complex hai, is mein bohot si terms aur rules hain jo samajhne padte hain. Yahan har term ko detail mein aise samjhaenge ke ek teenager bhi asaani se samajh sake. Types of Contracts in Futures Trading 1. Perpetual Contracts • Yeh wo contracts hain jo kabhi expire nahi hote. Matlab, tum jab tak chaho hold kar sakte ho. Lekin har kuch ghanton mein funding fees lagti hain, jo tumhe ya tumhari position hold karne walay doosray logon ko pay karna padta hai. 2. Fixed-Term Contracts • Fixed-term contracts ki ek expiry date hoti hai. Matlab, ye contracts ek fixed time par end ho jate hain, aur us waqt tumhara profit ya loss lock ho jata hai. Aksar log fixed-term contracts ko short-term events ke liye use karte hain. 3. Coin-M Futures Contracts • Coin-M contracts wo hote hain jo cryptocurrency (jaise Bitcoin ya Ethereum) mein settle hote hain. Iska matlab yeh hai ke agar tum profit ya loss karte ho, woh directly cryptocurrency mein hota hai, na ke USD ya kisi aur stable currency mein. • Example: Agar tumne Bitcoin ke Coin-M futures par long position li aur market tumhare favor mein gai, toh tumhara profit Bitcoin mein add hoga. Aur agar loss ho gaya toh woh bhi Bitcoin mein hoga. 4. USDT-M Futures Contracts • Ismein tum USDT (Tether) use karte ho aur tumhara profit ya loss bhi USDT mein hota hai. Iska fayda yeh hai ke tumhara profit ya loss stable reh sakta hai aur tumhe cryptocurrency ke fluctuation se zyada farq nahi padega. Key Terms Aur Unki Asan Explanation 1. Leverage (10x, 50x, 100x, etc.) • Leverage ka matlab hai ke tum apne thode paisay se zyada badi position le sakte ho. Socho agar tumhare paas 100 rupees hain aur tum 10x leverage use karte ho, toh tumhare paas 1000 rupees ki trading power ho jati hai. Yeh aise hi hai ke tumne ek dost se 900 rupees uaar liye taake bada paisa laga sako. • Example: Tumhare paas 500 rupees hain aur tum 20x leverage lagate ho, toh tum 10,000 rupees ki trade kar sakte ho. Magar yaad rakho, jitna leverage badhoge, risk bhi utna hi badh jata hai. Agar market tumhare against chali gayi, toh tum apne poore paisay bhi lose kar sakte ho. 2. Cross aur Isolated Margin • Cross Margin: Ismein tum apne poore wallet ko risk mein daal dete ho. Agar trade galat jaye toh poora wallet empty ho sakta hai. • Isolated Margin: Tum specific trade ke liye sirf wo paisa risk mein daalte ho jo us trade ke liye allocate kiya hai. Baqi paisa safe rehta hai. 3. Stop Loss aur Take Profit • Stop Loss: Tum apna loss control karne ke liye ek specific point set kar sakte ho jahan trade close ho jata hai. • Take Profit: Tumne agar apna desired profit achieve kar liya, toh take profit set karke trade close kar sakte ho taake profit lock ho jaye. 4. Market Order aur Limit Order • Market Order: Tum instantly current price par trade karte ho. • Limit Order: Tum apna desired price set karte ho aur jab market us price par pohanchti hai toh tumhara order execute ho jata hai. Yeh tumhe apne budget mein rehte hue trade karne mein help karta hai. 5. Long aur Short Positions • Long Position: Tumhe lagta hai ke price upar jayegi toh tum buy karte ho. • Short Position: Tumhe lagta hai ke price neeche jayegi toh tum pehle sell karte ho aur phir baad mein wapas buy kar lete ho jab woh sasta hota hai. Yeh bilkul aise hi hai jaise tum apne dost se kehte ho ke “mere paas yeh cheez hai” aur jab wo cheez sasti ho jaye toh woh wapas le lete ho. 6. Hedge Mode • Is mode mein tum long aur short trades simultaneously hold kar sakte ho. Yeh tumhe risk ko control mein rakhne aur flexibility dene ke liye hota hai. 7. Funding Fee aur Funding Rate • Perpetual contracts mein funding fee lagti hai jo long aur short position holders ke darmiyan adjust hoti hai. Funding rate positive ho toh long wale short walon ko pay karte hain aur vice versa. 8. Order Book aur Percentage Change (% Change) • Order Book mein tum dekh sakte ho ke kitne log kis price par buy ya sell karna chahte hain. • Percentage Change tumhe batata hai ke price mein kitna change aya hai. 9. Mark Price aur Liquidation Price • Mark Price ek fair price hai jo exchange broader market data ko dekh kar set karta hai. • Liquidation Price wo point hai jahan tumhara trade automatically close ho jata hai kyunke tumhare paas aur loss handle karne ka balance nahi bachta. 10. Auto-Deleveraging (ADL) • Kabhi kabhi jab market bohot volatile hoti hai toh exchange kuch trades ko automatically close kar deta hai taake market stable rahe. Yeh zaroori hai beginners ko samajhne ke liye, taake woh pata rakh sakte hain ke kuch conditions mein unka trade control se bahar ho sakta hai. Futures Trading Mein Profits Aur Loss Kaise Hotay Hain? Agar tum leverage ke saath trade kar rahe ho aur market tumhare against chali gayi, toh tumhara trade liquidate ho sakta hai. Liquidation ka matlab hai ke tumhara invested paisa khatam ho gaya hai. Magar yaad rakho, tumhe exchange ko aur paisay wapis nahi dene padte, sirf tumhara invested amount khatam hota hai. Yeh risk hamisha yaad rakho ke leverage jitna zyada hoga, risk bhi utna hi high hoga. Islamic Perspective on Futures Trading by Waqar Zaka Islam mein do bade concepts hain jo trading ko samajhne mein help karte hain: 1. Gharar (Ambiguity): Prophet Muhammad (PBUH) ne farmaya: “Avoid transactions which involve ambiguity” (Sahih Muslim). Gharar ka matlab hai ke aap aise risk lo jo bina samjhe ho. Agar aap bina samajhe trading kar rahe ho, toh yeh Gharar kehlati hai aur Islam mein yeh haram hai. 2. Interest aur Exploitation ka Concept: Surah Al-Baqarah (2:279) mein aata hai, “If you do not, then be warned of war from Allah and His Messenger.” Yeh ayat un logon ke liye hai jo doosron ko loan de ke ya unki majboori ka faida uthate hain. Futures trading mein interest ya exploitation tab hota hai jab aap kisi ko exploit karte hain. Lekin agar aap apne skill aur understanding ke basis par trading kar rahe hain toh aap exploit nahi kar rahe. Waqar Zaka ka concept : Agar aap trading samajh kar aur analysis ke saath karte hain, toh ismein Gharar nahi aati aur aap exploitation nahi karte. Waqar Zaka ke mutabiq, agar aap har risk ko samajhte hue aur iske sab terms par control karte hue trade karte hain toh yeh halal ho sakta hai. Islam ke according, knowledge aur responsibility ke saath ki gayi trade halal hoti hai. Futures trading ek skill-based aur calculated investment ho sakti hai agar aap iske sab terms ko samajh ke trading mein aate hain. Here’s the rest of the checklist to complete the safe trading guide: Checklist for Safe Future Trading 1. Market Analysis karo aur trend ko pehle samjho. Analysis ke baghair trade karna risk hai aur bina soch-samajh risk lena Islam mein haram hai. 2. Leverage aur Margin ko deeply understand karo aur apne risk ko control mein rakho. Leverage ke saath bade profits ka chance hota hai, lekin risk bhi utna hi zyada hota hai. 3. Stop Loss aur Take Profit points set karo taake tumhara profit secure aur loss limited ho. Yeh tumhe emotions mein aa kar galat decisions lene se bacha sakta hai. 4. Cross aur Isolated Margin ka use karo apne risk ko control mein rakhne ke liye. Cross margin mein poora balance risk mein aata hai jabke isolated margin mein sirf specific trade ka amount risk mein rehta hai. 5. Market aur Limit Orders ko samajh kar use karo taake tum apne budget mein aur apne desired price par trade kar sako. 6. Funding Fee aur Funding Rate par nazar rakho, agar tum perpetual contracts mein lamba trade rakhna chahte ho. Funding rate decide karta hai ke long ya short position holders kis taraf se fee pay karenge. 7. Logical Decision-Making: Trade mein hamesha logical aur analysis par based decisions lo. Emotions se control rehna aur kisi aur ke influence mein aane se bacha na zaroori hai. 8. Self-Education: Hamesha apne skills ko improve karo aur new strategies seekhne ki koshish karo taake tum better analysis aur informed decisions le sako. Ultimate Futures Trading Guide: Why It Can Be Halal if Done Responsibly (Roman Urdu) Warning: Seek Knowledge First! Islam har kaam mein knowledge aur samajh ka hukam deta hai. Agar aap futures trading samajhne se pehle shuru karenge, toh aap gharar aur gambling mein par sakte hain, jo Islam mein haram hai. Demo trading kam az kam 3 months zarur karein aur market ka full analysis seekhein. Tabhi yeh ek calculated skill-based investment ban sakti hai. Futures Trading Ka Concept (Simplified) Socho ke tum aur tumhara dost ek cricket match dekh rahe ho. Tumhe lagta hai ke Pakistan jeetega aur tumhara dost kehta hai doosri team jeetegi. Tum dono decide karte ho ke jo galat hoga, woh doosray ko 100 rupees dega. Futures trading mein bhi yahi concept hai. Lekin yahaan wager kisi khilaadi par nahi hota, balkay market ke price par hota hai. Tum yeh trade karte ho ke price upar jayegi (long) ya neeche (short), aur agar tumhara analysis sahi ho, toh tum profit kama sakte ho. Islamic Perspective: Halal Ya Haram? Islam mein financial contracts tab tak halal hain jab tak: No Riba (Interest): Sood lena/dena haram hai (Surah Al-Baqarah, 2:275-279). No Gharar (Uncertainty): Excessive ambiguity or lack of understanding haram hai (Sahih Muslim, Hadith 1513). No Qimar/Maysir (Gambling): Speculative risk without knowledge gambling kehlata hai (Surah Al-Maidah, 5:90). Quranic Justification of Contracts Islam mein contracts allowed hain agar dono parties ki clear understanding aur mutual consent ho: Surah An-Nisa (4:29): "Do not consume one another's wealth unjustly, but only [in lawful] business by mutual consent." Yani, agar aapki trade ek agreed-upon contract ke zariye ho aur sab kuch clear ho, toh yeh lawful hai. Hadith on Gharar Gharar ka matlab hai “uncertainty ya ambiguity.” Prophet Muhammad (PBUH) ne farmaya: "Do not buy fish in the sea, for it is gharar" (Sunan Abi Dawood, 3503). Yani, koi aisi cheez na khareedo jo unclear ho ya jisme samajh na ho. Logic: Agar aap futures trading se pehle sab kuch samajh lete hain—market, risk, leverage, aur contracts—aur calculated decisions lete hain, toh yeh gharar nahi rahta. Exchange Leverage System Explained Exchange Paisa Kahan Se Laati Hai? Exchange ka leverage virtual liquidity ke zariye aata hai. Jab aap leverage lete hain (10x, 100x), exchange ek pool create karta hai jo alag-alag traders ke deposits par based hota hai. Exchange ka actual paisa spot market aur apne liquidity providers (LPs) se hota hai. Virtual Money: Yeh paisa actual nahi hota; yeh ek system ke zariye allocated hota hai jahan aapka risk limited hota hai to your collateral (jo margin aap lagate hain). Liquidation Ke Baad Exchange Aapke Peechay Kyon Nahi Aati? Jab aap liquidate hote hain, exchange sirf aapka invested margin rakhti hai. Yeh loan nahi hota jaise bank ka loan, kyun ke:Exchange ko aapke upar interest ya additional paisa nahi lena. Sood (interest) sirf tab hota hai jab repayment ka clause ho. Funding Rate Halal Hai Ya Haram? Funding Rate Ka Purpose: Funding rate exchange use karta hai taake spot price aur futures price balance mein rahein. Yeh rate interest nahi hai. Yeh ek adjustment hai jo long aur short traders ke darmiyan hoti hai:Agar funding rate positive hai, long position holders short holders ko pay karte hain. Agar negative hai, short position holders long holders ko pay karte hain. Logic: Funding rate ek tarah ka operational cost hai jo gharar ya riba mein nahi aata. Betting Ka Shuba: Futures Gambling Hai Ya Nahi? Logic Against Gambling Log kehte hain ke futures trading mein aapka profit kisi doosre ka loss hai, toh yeh betting hai. Lekin: Har Business Mein Profit Aur Loss Hota Hai:Aap ek dukaan chalate hain. Agar kisi ne apni needs galat assess kar ke aapka maal mehenga liya, toh kya yeh betting hai? Nahi. Real estate mein, agar ek insaan ek property mehengi bechta hai, toh dusre ka nuksan hota hai. Futures trading ek zero-sum game ho sakta hai, lekin jab tak aapka decision logical aur calculated ho, yeh gambling nahi. Physical Possession Ka Masla Islam physical possession ka concept tab lagata hai jab koi cheez tangible ho. Digital economy mein: Contracts Allowed Hain: Islam mein “contracts” ki zarurat hoti hai, na ke physical possession ki:Example: Online domain names, mobile balance, ya even cryptocurrencies ki ownership digital hoti hai. Surah Al-Baqarah (2:282): "When you contract a debt for a specified term, write it down..."Iska matlab hai ke agar ek proper contract ho aur ownership defined ho, toh yeh halal hai. Halal Justification of Futures Trading Agar futures trading mein yeh conditions poori hoti hain, toh yeh halal ho sakti hai: Knowledge and Intent: Aapko pata ho ke aap kyon long ya short kar rahe hain. Risk Management: Stop loss aur leverage samajh kar use karein. No Gharar: Saari terms clear ho aur aap speculation ke bajaye analysis ke saath kaam karein. Examples of Halal Businesses Where Others Lose Stock Market: Jab ek investor profit kamata hai, dusra loss karta hai. Real Estate: Jab ek buyer high price pay karta hai, seller profit kamata hai. Shops: Jab maal mehenga bika, buyer ka cost badhta hai, aur seller profit kamata hai. Checklist for Halal Futures Trading Kam az kam 3 mahine demo trading karein aur market ko deeply samjhein. Stop loss aur risk management ka strict use karein. Kabhi speculative ya emotional decisions na lein. Logical aur skill-based approach rakhein. Ending Note Islam mein har cheez ka focus knowledge aur fairness par hai. Agar aap bina samjhe kaam karte hain, toh yeh haram hai. Lekin agar aap apne risk ko samajh kar aur responsibility ke saath trade karte hain, toh yeh ek halal aur ethical kaam ban sakta hai. Disclaimer: Yeh guide ek educational resource hai. Har insaan apne level par Islamic scholars se mashwara zarur kare. 4o You said: write everything again, and explain Funding rate in more details by giving local paksitani example , and also write what does positive and negative funding rate means and what impact it can have on market ChatGPT said: ChatGPT Ultimate Futures Trading Guide: Why It Can Be Halal if Done Responsibly (Roman Urdu) Warning: Seek Knowledge First! Islam mein bina samajh ke kisi bhi kaam mein invest karna manaa hai. Futures trading ko samajhne ke liye kam az kam 3 months demo trading zarur karein aur market ka full analysis seekhein. Tabhi yeh ek calculated skill-based investment ban sakti hai. Bina samajh ke shuru karna gambling aur gharar kehlata hai, jo Islam mein haram hai. Futures Trading Ka Concept (Simplified) Socho ke tum aur tumhara dost ek cricket match dekh rahe ho. Tumhe lagta hai ke Pakistan jeetega aur tumhara dost kehta hai doosri team jeetegi. Tum dono decide karte ho ke jo galat hoga, woh doosray ko 100 rupees dega. Futures trading mein bhi yahi concept hai. Lekin yahaan wager kisi khilaadi par nahi hota, balkay market ke price par hota hai. Tum yeh trade karte ho ke price upar jayegi (long) ya neeche (short), aur agar tumhara analysis sahi ho, toh tum profit kama sakte ho. Islamic Perspective: Halal Ya Haram? Islam mein financial contracts tab tak halal hain jab tak: No Riba (Interest): Sood lena/dena haram hai (Surah Al-Baqarah, 2:275-279). No Gharar (Uncertainty): Excessive ambiguity or lack of understanding haram hai (Sahih Muslim, Hadith 1513). No Qimar/Maysir (Gambling): Speculative risk without knowledge gambling kehlata hai (Surah Al-Maidah, 5:90). Quranic Justification of Contracts Islam mein contracts allowed hain agar dono parties ki clear understanding aur mutual consent ho: Surah An-Nisa (4:29): "Do not consume one another's wealth unjustly, but only [in lawful] business by mutual consent." Agar aapka trade ek clear contract ke zariye ho aur mutual agreement ke saath ho, toh yeh lawful hai. Hadith on Gharar Gharar ka matlab hai “uncertainty ya ambiguity.” Prophet Muhammad (PBUH) ne farmaya: "Do not buy fish in the sea, for it is gharar" (Sunan Abi Dawood, 3503). Koi aisi cheez na khareedo jo unclear ho ya jisme samajh na ho. Logic: Agar aap futures trading ko samajhne ke baad karein—market ka risk, leverage, aur contracts ki clarity ke saath—toh yeh gharar nahi rahta. Funding Rate Explained with Local Example Funding Rate Kya Hai? Funding rate ek mechanism hai jo futures market aur spot market ke prices ko balance karne ke liye use hoti hai. Futures ka price kabhi kabhi spot price (actual market price) se zyada ya kam hota hai. Funding rate iss gap ko adjust karta hai. Positive Funding Rate Jab futures ka price spot price se zyada ho, toh funding rate positive hoti hai. Iska matlab: Long position holders short position holders ko pay karte hain. Negative Funding Rate Jab futures ka price spot price se kam ho, toh funding rate negative hoti hai. Iska matlab: Short position holders long position holders ko pay karte hain. Local Pakistani Example Socho ke tum ek dukan chalate ho jahan aata 150/kg milta hai. Tumhare dost ne futures market mein trade kiya hai ke aata ka price 200/kg ho jayega. Futures ka price 200/kg hai, lekin asal market mein (spot price) abhi bhi 150/kg hai. Positive Funding Rate Situation:Futures price zyada hai (200/kg), lekin asli market ka price (150/kg) neeche hai. Futures price zyada hone ka matlab hai log price ke barhne ki umeed kar rahe hain. Tumhare dost ko apni position hold karne ke liye long position ka extra paisa short position holders ko dena padega taake price balance ho. Negative Funding Rate Situation:Futures price kam ho gaya (100/kg), lekin asal market ka price (150/kg) zyada hai. Futures price neeche hone ka matlab hai log price ke girne ki umeed kar rahe hain. Tumhare dost ki short position ko long position holders se paisa milega. Funding Rate Ka Impact on Market Positive Funding Rate:Long positions expensive ho jati hain. Traders kam leverage use karte hain ya apne trades band karte hain, jo price ko neeche laata hai. Negative Funding Rate:Short positions expensive ho jati hain. Traders long positions mein shift hote hain, jo price ko barhata hai. Logic: Funding rate spot aur futures price ko match karne ka tool hai, aur yeh gharar ya interest ke zariye nahi hota. Yeh ek market balancing mechanism hai. Leverage Aur Exchange Ka System Exchange Paisa Kahan Se Laati Hai? Leverage Ka Source:Jab aap leverage lete hain, exchange aapka collateral use karta hai aur liquidity pool create karta hai. Yeh paisa virtual allocation hota hai, jo exchange ke deposits aur traders ki margin positions se balance hota hai. Liquidation Ke Baad:Exchange sirf aapka collateral rakhta hai. Jab aapki position liquidate hoti hai, aapka loss wahi tak limited hota hai. Yeh loan system nahi hai jisme aapse recovery hoti hai, jaise credit card ka interest. Betting Ka Shuba: Futures Gambling Hai Ya Nahi? Logic Against Gambling Log kehte hain ke futures trading mein aapka profit kisi doosre ka loss hai, toh yeh betting hai. Lekin: Har Business Mein Profit Aur Loss Hota Hai:Aap ek dukaan chalate hain. Agar kisi ne apni needs galat assess kar ke aapka maal mehenga liya, toh kya yeh betting hai? Nahi. Real estate mein, agar ek insaan ek property mehengi bechta hai, toh dusre ka nuksan hota hai.