Trade Bitcoin Trading

Bitcoin for Beginner Traders

Setting up Demo Trading Account and ==22==MT4 Bitcoin Software

To start bitcoin trading a beginner will need to set up a practice trading account which they can practice bitcoin trading with before opening a real crypto account. A practice trade account commonly known as a demo trading account is a bitcoin trading account provided by a broker so that a cryptocurrency beginner trader can learn to execute crypto trades risk free and at the same time learn the bitcoin trading platform of the broker.

Learn Bitcoin for New Traders

Before you learn the cryptocurrency MT4 software, you will need to download and install the MetaTrader 4 software on your computer.

After downloading MetaTrader 4 software, you'll need to log into your trading practice demo account that you registered with your broker. Register a practice cryptocurrency account. Once you as a trader log into your demo account the MetaTrader 4 software will look like the screen shot example illustrated below.

Explanation

Tool Bars - MT4 toolbars are used to setup the bitcoin trading tools within the MetaTrader 4 software

Market watch - Show bitcoin price quotes, quotes of instruments

Data Panel - Shows Bitcoin Account Data

Charts panel - Shows bitcoin charts

Charts Tabs - Shows open charts in tabs

Terminal - Shows Summary of bitcoin trading account balance & open trades

Connection - Shows if the software platform is linked to the online broker or not

Exchange Rates - Shows cryptocurrency chart bitcoin prices in the form of a graph & also the current bitcoin price on a bitcoin chart.

Now that as a beginner bitcoin trader you know what each window of the bitcoin platform represents, let’s look at the charts tool-bar ==22==that--isthat's mostly used when trading with the MetaTrader 4 software.

On the Navigation Menu there are various different Tabs

Menu Bar

File - Open an account, Log in account

View - select toolbars to view

Insert - Insert bitcoin tools such as bitcoin trend lines and other chart indicators

BTC/USD Crypto Chart - Change Bitcoin Chart settings

Tools - Change MetaTrader 4 software settings

Window Panel - View a cryptocurrency chart window for any bitcoin instrument or for a different chart time frame

Help - Topics which explain the documentation of MT4 software

Tool-Bars

Toolbars are used for quick access to MT4 bitcoin trading tools. Each toolbar has got a name that represents the types of bitcoin trading tools for that toolbar. As a trader you'll have to explore by clicking these button keys to learn what each bitcoin tool is used for. Generally, hovering the mouse pointer over a button will name what the button key does.

You can also learn how to customize each tool bar on the bitcoin platform from the Learn Bitcoin for Beginner Traders

MT4 Bitcoin Software Tutorial.

Learn More Tutorials & Lessons:

Forex Seminar Gala

Forex Seminar

Bitcoin Broker