It is not permissible to trade in currency except if the transaction is done on the same spot and time by giving the money and receiving it hand by hand at the same time. In Forex, you need a day or two before you can cash your money, if I am not mistaken.

I am looking to start learning to trade in Forex but I don’t want to spend so much time learning only to eventually find out it is forbidden in Islam. Would you please, tell me the status of Forex Trading in Islam, advise me if you will.