With growing interest in cryptocurrencies, more and more educational tools have been provided to ensure that beginners are guided appropriately. In such cases, typical topics discussed include technical analysis and understanding terminology. How can one enhance his or her learning in the most convenient manner? This is where the SimpleFX App can make a significant difference.
What Is The SimpleFX App?
The SimpleFX App aims to help each individual, regardless of expertise, in learning about trading and cryptocurrency. In particular, it functions as a crypto and forex trading broker in which those with Android devices have access to learning tools as desired.
SimpleFX started off as a platform, and has been awarded the title of the best crypto trading platform in 2017. With so much hype surrounding this respective platform, its announcement of an app had many anticipating for its arrival. Now that it has been launched, let’s take a closer look at its features.
What Features Make The SimpleFX App Ideal For Learning?
Three main features make the SimpleFx App ideal for learning and trading purposes and they are as follows:
Upon creating an account on the SimpleFX app, each individual will be provided with a demo account that $10,000 in virtual cash. This is a great way to learn, as beginners do not necessarily have to invest and lose while getting to know the cryptocurrency market. Getting around the app is appears to be easy, for instance, if one wants to purchase Bitcoin, searching “BTC” will bring it up immediately.
Before making a purchase, each individual will be provided with detailed analyses like charts to predict the potential each coin has. This is a much preferred feature, as it allows on to move along the line graph to analyze the different price ranges that were hit. In addition, its uses can ameliorate one’s research as well.
Ability To Deposit Funds In Any Fiat Currency
The SimpleFX supposedly allows users to deposit funds in any currencies they desire, mainly including AUD, CAD, CHF, CZK, DKK, EUR, GBP, JPY, IDR, LIT, PLN, SEK and USD. While SimpleFX can be used as a virtual learning account, only upon verifying one’s personal account, which typically requires one to show some government I.D, can one trade with real money.
SimpleFX App Conclusion
SimpleFX appears to be an ideal way to learn how cryptocurrencies work and can potentially allow one to investigate what news or announcements influence its fluctuation. Having that option of either creating a virtual account or personal account for real-time trading is what makes SimpleFX unique. For more information, check out: https://www.newsbtc.com/2018/05/01/simplefx-app-a-crypto-friendly-trading-platform/