Bitcoin Platform - MT5 Platform

The most popular BTCUSD Software is the MetaTrader 5. MetaTrader 5 platform is also the most popular software for Forex currency trading, indices trading, CFDs trade and Oil trading.

MT5 software is provided free by online Bitcoin trading and Forex Trading Brokers. This Bitcoin software or Bitcoin platform software as it's commonly known provides online traders with easy access to streaming Bitcoin price quotes from the broker's servers to the BTCUSD trader's computer. Bitcoin Traders can connect to the BTCUSD market through this platform software platform that is provided to them by their broker.

This Bitcoin software draws the prices of Bitcoin in the form of charts and graphs commonly known as Bitcoin charts and these trade charts will represent the movement of Bitcoin prices in an easy format that is easy to analyze and interpret so as to figure out the overall trend direction that Bitcoin prices are heading in whether the direction is up/down.

The MetaTrader 5 platform will also provide Bitcoin traders with many trading analysis tools such as indicators that they can use to analyze and interpret the movement of the Bitcoin prices.

This Bitcoin platform displays price charts right on your screen. You'll see the current buy and sell prices for BTCUSD cryptocurrency on these BTCUSD charts.

This Bitcoin software also helps traders to monitor the money or what is known as trading equity balance in trading. The platform will have a trade transaction window which will show the Account balance that the Bitcoin trader has deposited that is available for trading with. This window will also show all the trade positions that the trader has opened and one can close out their BTCUSD trades from this MT5 transactions window.

From the Bitcoin charts traders also can open and close trades directly from the Bitcoin Crypto Currency charts.

MetaTrader 5 Platform - Online BTCUSD Software

The easiest BTCUSD platform to learn BTCUSD with is the MetaTrader 5 platform software - it is also the easiest software to use when trading currencies, cryptocurrencies, indices, precious metals, Oil and CFDs financial instruments online.

Commonly known as MT5 or just MT5, this software can be downloaded free of charge from the online Bitcoin broker that provides this software to beginner Bitcoin traders as well as the experienced Bitcoin traders trading the Live Bitcoin market.

As a beginner, you'll have to start with a demo account which is a Bitcoin account for practice trading which uses virtual money meaning that a trader doesn't have to risk their own money when they start studying how to trade the Bitcoin Crypto Currency - BTCUSD. After a trader has learned how to trade with the MetaTrader 5 software using this practice account a btc/usd trader then will open the Real Bitcoin Trade Account commonly referred to as Live Bitcoin Trade Account then deposit their own money as their capital & begin trading the live Bitcoin market for profit.

Learning MetaTrader 5 Bitcoin Trade Platform

If you are new to Bitcoin platforms all that you need to remember and know is that all computer software use the same programming rules, programming rules are followed by all coders, one of the rule used is known as familiarity.

So in all softwares take e.g. your web browser, there's file, edit, view, history, tools & help at the left top side of your web browser.

If you compare and analyze this with your Bitcoin platform, if you're using MetaTrader 5 commonly referred to as MT5 there is file, view, insert, charts, tools, window and help.

MT5 Platform Navigation Menu

In the upper left section of the MT5 software, under the "File" menu, you can access charts for the cryptocurrency pair of your choice. For bitcoin trading, this could involve opening the chart for BTCUSD or Bitcoin, depending on how it is referenced in your software. Additionally, you can use this menu to open an account or log in to an existing account.

Under File Menu

Use "New Chart" button to open a new Bitcoin chartUse the "Open an Trade Account" button to open a Bitcoin demo practice accountUse the "Log in" button to login to an account

How to Sign Up an Account in MT5 Bitcoin Trade Platform

Under View Menu

Under view menu you can open the navigator, the navigator window is used to view your account number details & particulars, it is also used to view technical indicators as well as available Automated Expert Advisors(EAs) which are used for automated trading. To use any of the indicators just double-click the indicator which you want and click okay. The indicator you select will automatically be placed on the Bitcoin price chart.

Still under view you can click "terminal" to view open BTCUSD trades. This is the MetaTrader 5 transaction window where a trader can access information about their account balance & also information about their open BTCUSD trades.

Opening a Bitcoin Trade

To open a BTCUSD trade, right-click inside the chart - first open the BTCUSD Bitcoin chart from the File menu, New Chart Option. Once you as a trader open the Bitcoin chart click within the chart and select new order and then you can choose to buy or sell Bitcoin from the new order panel that will pop-up.

If anything else becomes within this software complicated just click on the "Help button" and look for the solution it in the 'Help Topics'.

The Bitcoin MT5 software is available for download from various broker websites.

MT5 is simple to pick up. As a new Bitcoin trader, you master it in minutes. That's why MetaTrader 5 ranks as a top Bitcoin platform for practice and training.

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