A relatively simple and inexpensive fusion ignition experiment is described. The experiment can be realized in a single-turn tokamak powered by homopolar generators. The discharge will proceed by ohmically heating a DT plasma to over 3 keV and then by using alpha heating to produce a stable ignited phase of operation. The technologies required for the realization of the experiment are in hand. A fulltorus, IGNITEX toroidal field magnet prototype has been operated to date at 15 Tesla. This record value in toroidal magnets establishes the possibility for ohmic ignition. The magnet prototype is scheduled for operation at 20 Tesla levels later this year. Various physics and engineering characteristics that contribute to the simplicity and low cost of the IGNITEX experiment are discussed. The IGNITEX concept has the potential to make a significant contribution to the development and study of fusion in the near term.