The last days of each year are the perfect time to summarize and make plans for the next twelve months. At SimpleFX, we would like to show what we’ve achieved together and what you can expect in 2025.
Groundbreaking year for traders
Sometimes, people in December can forget about the most sensational events from the first part of the year. We would like to take you on a quick tour of the year’s trading milestones.
The first months of 2024 brought some substantial returns, but one stood out. Cocoa price broke its glass ceiling several times – by the end of April it had reached $11600. Compared to a bit over $4000 in January, the return for traders was staggering. After that sensational period, Cocoa’s value decreased and stabilized till November, when it started skyrocketing again, breaking its all-time record on a daily basis.
The oldest and most recognizable asset also broke some records in 2024. Traders treat gold as a natural hedge against inflation, praising its stability during turbulent times. The gold price today is much lower than before November, but it’s a natural market reaction after the biggest financial and political event of the year.
U.S. elections were supposed to be a close battle between former Republican president Donald Trump and Kamala Harris, who replaced Joe Biden. The results showed an outstanding victory for Trump. The market’s first reaction is unbelievable, as the two most significant barometers of the American economy – NASDAQ and SP500 index – keep growing. AI stocks have stood at the forefront for the last twelve months as NVIDIA stock price has multiplied. Even though the end of the year doesn’t seem to be as profitable as the major part of it, NVIDIA is the biggest winner in the market in 2024.
The last two months of crypto madness
Of course, we still remember the main actors of the 2024 trading play. Cryptocurrencies showed a spectacular run from January to April. Multiple altcoins recorded over 100% value growth, while ARB coin, Celestia, and Injective recorded their ATH in January, February, and March, respectively. After Trump’s victory, they all went up, but they still can’t break the ceiling glass put in the first quarter of 2024.
But the biggest crypto could do that and is still doing it. Bitcoin had a very solid start to the year, finished by Halving. Unlike most altcoins, BTC price reached the ATH, and it doesn’t seem to stop. Bitcoin broke the 100k barrier and keeps going up. Traders understand the positive impact of the upcoming U.S. administration on the crypto industry, and Bitcoin stands at the forefront of this revolution.
For the record, Solana also broke its ATH after the U.S. elections. If you want to read more about its whole ecosystem, we wrote about it here.
You can trade crypto 24/7, and the holiday period is no exception. Learn more about Holiday trading schedule changes.
The evolution of SimpleFX
We reminded you what happened in the trading world, but how about the platform? We’ve taken some vital steps to make your trading experience safer, more convenient, and simply better. All of them were part of our Xth birthday celebration!
Let’s start with our newest offer extension, shall we? Over 200 worldwide equities enable you to trade 24/5, with the chance of maneuvering through Australian, Asian, European, and American markets. It gives you the flexibility to explore major worldwide companies, regardless of your time zone and trading preferences. Earlier this year, we introduced several new crypto, commodities, and metals to our offer.
Keep tabs on the offer – we’re still working on some new additions!
At SimpleFX, we want to deliver a smooth and well-rounded trading experience that is as safe for our users as possible. That’s why we’ve introduced the KYC (Know Your Customer) procedure. This practice makes trading safer, which means your funds and data will be perfectly protected.
The first months of 2024 brought the official introduction of the Mauritius license. It opened doors to multiple features, including credit card deposits and the extension of other payment methods, such as bank transfers.
During the post-election markets’ madness in November, we prepared a SimpleFX Trading Contest. It was a fantastic time for our competitors, with some ROIs exceeding 100%! If you want to read the summary, check it out!
What’s next?
The first months of Trump’s administration. The potential changes in the most critical positions in American finances. Regional elections, leading to potential changes in respective markets. Further changes at the SimpleFX platform to meet your expectations or even exceed them. That’s what’s about to happen in 2025.
But for now, we wish you a very happy Holiday season, where the trading world slows down for a bit, plus fantastic trading ideas and strategies for the next year.
