Best BTCUSD Trading Software Online
The Best Bitcoin Trading Platform Online is the MT4 software. This is one of the most common bitcoin software which is used almost by every other trader as well as almost every online crypto broker.
In this tutorial we shall explain the MT4 Interface so that beginner traders wanting to start learning this Best Bitcoin Platform Online, can then start from this tutorial.
Best Bitcoin Trading Platform Online - MT4 Workspace
Form the above screen-shot of the this platform there are several tool bars as well as chart window panel.
You can download this Best Bitcoin Trading Platform Online from your broker's site. Now after you download it, then you'll need to learn one or two things about this bitcoin trading platform:
The first thing is how to setup this bitcoin trading software after you download. For example if you download the MT4 platform, you will need to go to a crypto broker first, register for a practice trading account then after you register for a practice cryptocurrency trading account you will be provided with a link where to download MT4 Bitcoin Trading Platform.
Now once you download this bitcoin trading platform, assuming you don't know much about PC Desktop computers, Open your Web Browser >>> Go to tools at the top left corner of your browser next to "file", "edit", "view" & click on tools, select download folder place, (shortcut: once you open your browser click CTRL+J or CTRL+Y), a down-load pop up will appear with links to downloaded items. Select the MT4 software that you have just downloaded.
Best BTCUSD Trading Platform Online
To setup this software after you have downloaded, open the download from where you downloaded, from there an setup wizard appears & all you have to do is to follow the installation instructions. After setup the platform will run automatically just like any other software. Read guide How to install MT4 platform. This platform is easy to setup and this is another reason why this trading software is the Best Bitcoin Trading Platform Online.
You can open the MT4 from the start menu>>> Programs or from desktop short-cut that pops up as a desktop icon marked MetaTrader 4 after installation.
Demo Bitcoin Account Registering and Log-in
To open an account on MetaTrader 4 just click on "file" & then on open an account, to log in to an account just click on "file" at the top right corner & click sign in from the drop down menu that pops up.
Once yousign in to the MT4 platform you will get access to charts and other technical analysis tools such as technical indicators that you'll then use to place trades within the btcusd trading market while connected to your crypto broker's servers.
Bitcoin Platform Menu Bar and Tool-bars
Menu Bar in MT4 for Navigating within the Software - Best bitcoin trading software
Menu bar is used to operate & navigate this bitcoin platform from one single panel. From this panel you can set how to view tool bars, chart, data window and even use the file tab to open a cryptocurrency account - & also log in to your account. This menu bar makes this platform easy to operate and this is also why this is the Best Bitcoin Trading Platform Online for beginner cryptocurrency traders.
Form the menu bar you can click on the view tab & choose chart toolbars like in the above pictured image, these menu bars can be used to set up charts, indicators, time frames, and others things like drawing bitcoin trend lines and Fibonacci retracement levels and Fibonacci expansion levels. To learn how to customize this software go to this MT4 Bitcoin Tutorial Section.
Now that we have looked at the toolbar & menu bar, we shall look at the main workspace interface of the MetaTrader 4 software.
Best Online Bitcoin Trading Software - MetaTrader 4 Best Bitcoin Trading Platform Online
Market Watch window - This window panel is used to show a stream of the exchange rates that is obtained from your crypto broker. In this market watch window you can right-click anywhere on this panel to select show all trading instruments or hide the ones you are not interested in and save some bandwidth at same time. No need to have prices for 50 instruments if you are only interested in 4 trading financial instruments. This makes this trading platform easy to use with any inter-net connection another reason why this is Best Bitcoin Trading Platform Online.
Data Window - Used to setup Cryptocurrency Indicators, Expert Advisors & scripts, you can click any of this menu sub items & expand/collapse the indicators or Expert Advisors used for automated bitcoin trading.
Bitcoin Charts Panel - This is where the bitcoin price moves will be drawn.
Bitcoin Charts Tab - Navigation from one instrument to another is easy, just flip through the charts tab as shown above.
Terminal Window - This window panel is used to display a statement of your trades, profits & loses that you have made in your live cryptocurrency trading account or demo cryptocurrency trading account. To enlarge this window & view open trades, just hover the mouse on terminal window toolbar until the cursor pointer changes, click & hold down mouse button key & then move cursor pointer upwards.
Connection bars - These are used to illustrate the connection to the internet, red bars mean no internet connectivity, green bars show there's internet connection.
Exchange Rates Graph - this shows the exchange rates for bitcoin that you're trading so that to display if the exchange rate is going upwards or downwards.
Advantages of MT4 Bitcoin Trading Platform
In the online cryptocurrency market there are many bitcoin trading softwares available around the internet. But among the top bitcoin trading softwares the Best Bitcoin Trading Platform Online is the MetaTrader 4 BTCUSD Software, it is the best Bitcoin software because of the following reasons:
Low Bandwidth Connection Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not freely available to some residential areas & might be limited to office buildings. This is why it is best to select a bitcoin software which requires the minimum bandwidth, MetaTrader 4 software. Even with the best connection, sometimes the connection might not be available & you might need to use an alternative connection like the dial up or modem. MetaTrader 4 platform is the least expensive if you are on a modem. To even reduce further the internet band width usage navigate to market watch (Short cut Key press CTRL+M), Right Click on any instrument, Choose "Hide all", now the trading platform will only stream the bitcoin price quotes for the pairs you only need and conserve your internet band-width even further. Especially when using a mobile phone or i Pad or a Tablet where you're paying for phone credit this can save your inter-net credit. This is one of the reason why the MT4 is considered as one of the best bitcoin trading softwares online.
The easier it's to connect the easier it's open and close trades on time.
Provided by all Crypto Brokers
Another reason why this bitcoin software is considered as one of the Best Bitcoin Trading Platform Online is because MT4 is liked by most traders all online brokers provide it. Once as an learns the MT4 platform there's no need to re-learn when you switch to another cryptocurrency broker. You can still use the same MetaTrader 4 platform of the new crypto broker without the need to learn a new bitcoin platform all over again.
Easy Technical Analysis
The other thing that makes this the best bitcoin platform is ease with which you can set up the technical analysis technical indicators on the bitcoin charts. Even those using various web traders will do their technical analysis on the MetaTrader 4 btcusd chart & then place their cryptocurrency orders on their web trader.
Technical analysis traders can also setup custom technical indicators on this bitcoin trading software, making it easier to add more technical analysis tools on to this trading platform. Others also install automated EAs on this bitcoin trading platform so as to trade automatically with these programs known as automated Expert Advisor Bitcoin Trading Bots.
Best Bitcoin Charts
The MetaTrader 4 has the Best Bitcoin Trading Platform Online crypto charts representations available and implements many chart time frames from which a can choose.
Simplicity
Overall the simplicity of this software and the fact that any investor can learn how to use MT4 within one hour makes this the Best Bitcoin Trading Platform Online for new and experienced cryptocurrency traders.
