Trading Cryptocurrency Get Started with Bitcoin Trading MT4 Platform
To start bitcoin trading with MT4 software, you need to follow steps listed below:
Download MT4 BTCUSD Trading Software
Install MT4 Bitcoin Trading Platform on Your PC. Open a cryptocurrency account on the MetaTrader 4 software. Log in to the MetaTrader 4 BTCUSD Trading Account with your cryptocurrency trading account sign in credentials Open Bitcoin Charts and place Bitcoin Trades using the MT4 Bitcoin Trading Platform.
How to Open MT4 Bitcoin Trading Account
After you Download MetaTrader 4 Bitcoin Trading Platform from your crypto broker you'll then need to open a MetaTrader 4 BTCUSD Trading Account to trade with.
How to Open a Demo Account using MT4 Bitcoin Trading Platform
- Download the MetaTrader 4 Bitcoin Trading Software - MT4 Bitcoin Trading Platform.
- Setup MetaTrader 4 Bitcoin Trading Platform.
- Open MT4 Bitcoin Trading Platform.
- Enter the Login Details: Account Name and Password for the Demo Trade Account
- Open Bitcoin Charts and start practice trading.
- If you do not have a bitcoin trading demo cryptocurrency trading account you can register for a demo trade account using the File menu, Click the New Practice Account Registration and enter your details and sign up for an MT4 cryptocurrency trading account.
How to Open a Real Account in MT4
- Download MT4 Bitcoin Trading Platform
- Install MT4 Bitcoin Platform on your Computer.
- Open MT4 Bitcoin Platform on your Computer.
- Click on the File Menu & Choose Open an Account.
- Choose The Real Trading Account Option.
- Fill in the real bitcoin trading account opening form.
- Enter you cryptocurrency account login details for the Demo practice account.
- Trade Bitcoin Trading from the free MetaTrader 4 crypto charts provided.
MT4 Bitcoin Trading Platform Introduction Tutorial
The following screenshot below shows the main MT4 software inter-face. As a beginner bitcoin trader trying to learn how to execute cryptocurrency orders in the online cryptocurrency market, the main tool for trading the online cryptocurrency market is the MT4 software software. This is the software which you'll connect to your online cryptocurrency trading broker and execute bitcoin trade transactions & monitor your bitcoin trading account balance from this bitcoin trading MT4 platform software.
The MT4 platform is provided for free through the various bitcoin broker web sites. This MT4 software looks like the cryptocurrency trading example illustrated below:
Trading Crypto Get Started with Crypto MT4 Trading Crypto Platform? - Crypto Account MT4 Download
The Main Areas of this MetaTrader 4 software as shown above are:
- Navigation Menus
- Toolbars
- Chart Window
- Navigator Window
- Market Watch Window
- Terminal Window
- Connection Bars
For this MT4 software guide we shall look at a brief introduction for each of these how to use MetaTrader 4 software guides:
1. Navigation Menus
The navigation menus are:
- File
- View
- Insert
- Charts
- Tools
- Window
- Help
These are main navigation menus that can be used to navigate MetaTrader 4 software. As a bitcoin beginner trader you can begin by clicking any of these navigation menus to familiarize yourself with the various button keys that are arranged as sub menus within these navigation menus.
These navigation menus will be described in details in the next MetaTrader 4 software guide for bitcoin novice traders about navigation menus.
2. Toolbars
This how to trade in MT4 explains the tool bars are used to manipulate charts, either by placing technical indicators, line studies, change crypto chart time frames and load an MT4 template from a list of saved templates.
These tool bars will be discussed on other how to use MT4 platform tutorials that will outline each button on this tool bar and how to add & customize these tool bars.
3. Chart Panel
This is the main area where crypto charts are displayed & a trader can analyze the bitcoin trend direction of a cryptocurrency chart whether up or down, place indicators on crypto charts for technical analysis & even place orders from these bitcoin charts.
4. Navigator
Navigator MT4 platform tutorial will contain information about cryptocurrency accounts, whether practice MT4 bitcoin trading account or real MT4 cryptocurrency trading account, this window will also have a list of all the MT4 crypto technical indicators as well as EAs and scripts.
A trader can select which cryptocurrency trading account to login to by expanding the Accounts menu, choose an technical indicator by expanding the indicator menu or choose an EA by expanding the EA menu.
5. Market Watch
Market watch bitcoin trading MT4 tutorial - Market watch is used to show streaming quotes for bitcoin crypto. This window panel can list as many quotes provided by your crypto broker or a few that are selected by a bitcoin trader. To save inter-net band width, right click inside the btcusd trading market watch window & select "Hide All", so that to hide the instruments that you are not trading & save on inter-net band width.
6. Terminal
This is window panel that is like the bank account trade area for your bitcoin trade transactions, on this panel you can view your balance, profit and losses statement, equity, margin used also retrieve a copy of all your bitcoin trading transactions history.
This will also list all open bitcoin trade transactions & calculate all the profit & loss in real-time as the bitcoin prices move upwards or downwards.
7. Connection Bar
Red bars are for no connection, green bars show that there is connection to the servers and bitcoin trade orders can be placed. These connection bars should always be green when one is logged into their MT4 practice bitcoin account or MT4 live trading account.
These main areas form the MetaTrader 4 BTCUSD Trading Software interface and will be the main areas to be covered in detail in next learn cryptocurrency MT4 platform tutorials. For now it is best to download MetaTrader 4 platform & familiarize yourself with the software interface.
Why Bitcoin Software is Required for Placing Bitcoin Trade trades with Brokers
Bitcoin platform is software that's used to access the btcusd market & interpret these bitcoin price movements using technical analysis cryptocurrency charts. There are various reasons why a trader requires to use a good bitcoin trading platform. A good bitcoin software can determine if a as a trader you make profit or not.
So why does a trader need a good Bitcoin Software:
To connect to the Trading Server:
To open a order a trader needs to use a bitcoin software which will connect to the trading servers of their cryptocurrency broker and allow them to open and close trading orders. Good bitcoin platforms will connect with ease to the brokers' servers and allow traders to place trading orders at any time from their desktop computer PC.
To analyze crypto charts using technical analysis
To place buy or sell order a trader needs to first analyze the direction of bitcoin crypto. This is why all good bitcoin platforms provide technical bitcoin trading tools such as bitcoin price charts, indicators and various different crypto chart time frames from which a trader can analyze bitcoin price moves using the chart timeframes of their choice.
How to Use MetaTrader 4 Crypto Software Guide - Crypto Account MT4 Download
From the above MT4 cryptocurrency platform inter-face, the summary of all data required by a trader is provided on this MT4 software interface
- Connection - connection to the broker servers
- Charts - price graphs that display bitcoin prices
- Tool bars - tool bars to add technical analysis tools and technical analysis technical indicators
- Market Watch - for displaying available financial instruments
- Data window panel - provides account information and other technical indicator data
- Exchange rates - shows current market bitcoin price on a bitcoin chart
- Menu bar - Shows all menu items on the platforms
How to Use MetaTrader 4 Crypto Software Guide - Crypto Account MT4 Download
