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