Introducing a new and easier way to trade the financial markets
What is Simplified fx?
Simplified FX is especially designed, user-friendly interface that allows you to trade on an actual tradable amount instead of an asset’s unit. It is a more simple and easy way for any beginner trader to enter the world of online trading. Unlike with traditional FX/CFDs, you can now trade currencies and all other available assets on the platform based on a preset amount representing your overall position value. If you think that a currency or another asset will increase in value, you can simply buy it. On the other hand, if you think that a currency or another asset will decrease in value, you can simply sell it.
In general, all traditional forex trades involve two currencies because you’re effectively borrowing the first currency in the pair to buy or sell the second currency. Think of EUR/USD, the most-traded currency pair in the world. EUR, the first currency in the pair, is the base, and USD, the second, is the counter. When you see a price quoted on our platform, that price is how much one euro is worth in US dollars. You always see two prices because one is the buy price and one is the sell. The difference between the two is the spread. When you click buy or sell, you are buying or selling the first currency in the pair.
The SELL rate of the Euro against the US dollar (EUR/USD) is 1.0589 and the BUY rate is 1.0672.
You predict that the EURO will strengthen against the USD, so you open a BUY position on an amount of 10,000.
10,000 x 1.0672 = 10,672
The contract is leveraged x50.
$ 10,672 : 50 = $213.44
This means you need at least $213.44 (initial margin) in order to open this position.
EUR/USD then increases to 1.1459. You manually close the position and earn:
1.1459 – 1.0672 = 0.0787
0.0787 x 10,000 = $787
Your profit is $787.00
You didn’t actually buy any euros or sold any dollars at no point.
All you did was simply investing on the market performance of the currency pair.
Advantages of Simplified FX trading?
Simplified FX trading is relatively different than most other forms of trading. Opening a position lets you speculate on future currency pairs or other asset movements through investing a reasonably small amount of capital and without paying fees to any third parties. Unlike traditional trading, there is no actual need to physically exchange currencies or other assets. Instead, what you are trading on is the price movements of your selected financial asset.
FXG.Market Simplified FX trading is enjoyable, quick, secured and convenient. Even though there are many reasons as to why someone might want or need to participate in the FX/CFDs market, our competitive fixed spreads help to reduce the cost of investing to a minimum while allowing you to fully understand the overall investment process. It is also commission free and we don’t take any hidden charges or fees from you throughout your trading experience.
- Ground-breaking platform
- Unlimited FX market access
- No commissions or hidden fees
- Fixed-tight spreads
- 100% safe and secured
- 24/6 dedicated support
Why trade Simplified FX with us?
Trading Simplified FX with FXG.Market lets you enjoy an unparalleled trading experience like never before. As a well-established broker, we have the privilege to offer you much more than just cutting-edge trading technology. Unleash your full market potential with an all-inclusive access to our insightful video tutorials database, educational eBook library, economic calendar, daily market news updates, professional account management and 24/6 customer support.