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 price. 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.
Imagine that you have a £100 bill in your pocket right now and you decided to change it to United States Dollars because you were planning to travel to New York.
Let’s assume you converted that money at an exchange rate of 1.520. That means for every £1 you get 1.52 US Dollar.
With this rate, you now have $152 USD. Suddenly, you got promoted at work, decided to cancel your trip, and decided to change the US Dollars back to British Pounds.
Meanwhile, the exchange rate had plummeted to 1.11, meaning that £1 now equals 1.11 US Dollars.
How much British Pounds would you have afterwards?
$152 USD/1.11 (new exchange rate) = £136.94. You’ve just made a profit of £36.84 with no effort.
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.
OasisTrade 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.
Maximize your trading with up to 200:1 leverage on our award-winning trading platform
You can profit from any upward or downward trend by opening either a “BUY” or a “SELL” position
Apply Stop Loss, Take Profit and Order Entry tools on every trade you open and enjoy the freedom of leaving open positions running
This market’s exceptional liquidity ensures reliable pricing even at very high volumes, so you can take advantage of the tightest possible spreads
Enjoy hassle-free, secured and convenient methods for transferring and withdrawing funds
- Ground-breaking platform
- Unlimited financial markets 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 OasisTrade 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.