Trade Bitcoin Trading

How to Bitcoin Trade

Let us say you're a new bitcoin trader who wants to start bitcoin trading but you don't know what's bitcoin trading or even how to bitcoin trade. Well this tutorial will get you started illustrating what you need to do before beginning trading & tell you one or 2 things about how to btcusd trade.

first thing you need to know when it comes to how to bitcoin trade are:

  1. Bitcoin Practice Account
  2. BTCUSD Trading Software
  3. Setting Up Bitcoin Guides

By successfully completing these three preparatory actions and defining your bitcoin trading setup, the process becomes straightforward for you as a novice.

CryptoCurrency Demo Account

During the initial phase of researching Bitcoin, new traders often experience significant confusion, unsure of where to commence their studies or what initial steps to take: even the simple tasks of acquiring a cryptocurrency demo account and completing the setup process can feel overwhelming.

To establish a demo cryptocurrency account, simply follow these steps:

Step1: Find a good broker - Bitcoin demo cryptocurrency accounts are provided by bitcoin brokers

Step2: Go to this cryptocurrency broker and search for the link "Open demo bitcoin account" or "Open Bitcoin Practice Account"

Step3: Once you click this type of link, you will then arrive at a page where the cryptocurrency broker will ask you to fill your details & particulars so as to register and sign up for the practice demo bitcoin account, The details & particulars are your name, phone contact and e mail and country.

Step 4: After putting in your information on the form, click the sign-up button. Once you're done signing up, your cryptocurrency broker will give you a 'username' and 'password' for the account you made. Also, the online broker will give you a link where you, as a BTCUSD trader, can download their btcusd crypto platform. Click the link to download the bitcoin software.

BTCUSD Trading Software

For this step you will then install the trading platform you have just downloaded.

To install bitcoin software

  1. Navigate to download folder(to go to download folder, maximize the firefox web-browser panel window & click key board shortcut key CTRL+J, this will bring a popup panel window of the download folder)
  2. Double-click the setup package of the bitcoin software you've just downloaded.
  3. Follow the instruction by clicking 'accept' & then click 'next', 'next'…. Until you get to 'finish' button, then click finish button key & your set-up is complete.

To Open the Bitcoin Crypto Currency trade platform

  1. Go to desktop and look for the short cut Icon for the Bitcoin platform, it should have the name or logo of the cryptocurrency broker. Or you as a bitcoin trader can go to "Start menu" bottom left corner of your PC computer and from the programs menu look for the name of the bitcoin software.
  2. Once you Open the bitcoin crypto platform, then you need to login to your bitcoin platform:
  3. To Sign in
  4. Navigate to 'File' at the left top corner of the bitcoin platform
  5. A dropdown menu will appear, from the choice/option look for 'login' press it
  6. A Username and Password Sign in panel window pops up, Input your password & username you got when you signed up with your crypto currency broker.
  7. If you forget your username and password, open your email account which you signed up with and you'll have gotten an email from the broker where you as a BTCUSD trader can refer the username and password authorization logon credentials.
  8. After you've logged in to your trading account, now you're ready to learn how to bitcoin trade and how to place trades using these bitcoin software.

How to Bitcoin Trade with the bitcoin Software

So, if you're new to trading bitcoin, it might seem hard, but let's look at some simple tips on how to use this bitcoin software.

The Market Watch window displays the Bitcoin prices for trading in a straightforward manner. Traders can also right-click on any Bitcoin price feed, such as an MT4 symbol, to bring up a chart display, including the cryptocurrency chart, by selecting the option to open the chart.

The Data window will present your logged-in cryptocurrency account details, plus technical indicator details, like the ones shown in the image above.

The terminal displays the account balance and all open trades. To enlarge this window, move your mouse until the cursor changes, then click and hold while dragging the mouse upwards.

Then there are the menu bars, like File, View…. If you want to hide the btcusd market watch window, for example, click view and uncheck/untick the btcusd market-watch window: the btcusd market-watch panel will disappear. To make it show up again, click view again, then check/tick the market watch panel, and it will reappear. Each button on this menu is easy to understand: for example, the charts button is a button that changes the charts that are open, changes the time-frame, and in general, does things with charts.

For full MT4 crypto tutorials, visit the Bitcoin guide and software info.

By now you already know how to trade & can even place a buy or sell bitcoin trade on the bitcoin platform by right clicking anywhere on the cryptocurrency chart window above, then click trading, then open/execute a new buy or sell bitcoin trade using the window panel which appears.

If you're unfamiliar with executing Bitcoin trades or using market orders, consider exploring beginner-friendly tutorials. These guides provide step-by-step instructions on trading Bitcoin effectively. For further learning, follow the links to additional Bitcoin trading tutorials.

Setting Up Bitcoin Tutorials

1.How to Start Bitcoin trade for Beginner Traders an Online Bitcoin trade Tutorial

3.Online Bitcoin trade Guides & Bitcoin trade Education

4.Best Bitcoin trade Tutorials & Bitcoin trade Training Made Easy

Nine: Benefits Connected with Spot Bitcoin Trading

.Engaging in Long and Short Positions

.Foremost Bitcoin Trading Platforms and Software

14.Live Bitcoin Account Types

15.Bitcoin trade Demo Accounts/ Practice Trade

.Instructions on How to Trade Bitcoin

Get More Courses & Guides:

Bitcoin Broker