Trade Bitcoin Trading

Learn Bitcoin Software - Meta Trader 5 Bitcoin Platform

MetaTrader 5 is the top software for learning bitcoin trades online. It's a popular platform. Trade FX, stock indexes, oil, CFDs, metals like silver, and bitcoin plus other cryptos.

This platform is provided by most of the online brokers. This is also because it's a software that is easy to use.

In this tutorial we shall explain to you using examples the MetaTrader 5 platform trading interface and show traders how to navigate this software & how to trade with it. The MetaTrader 5 platform trading inter-face is shown below:

MT5 Platform Tutorial - Learn MT5 Bitcoin Software - Learn BTCUSD MT5 Platform

Bitcoin Trading Software - MT4 Software Platform Workspace

The above screen shot shows the MetaTrader 5 platform interface where several chart toolbars and chart windows are illustrated.

Once you've downloaded this Bitcoin software from your online Bitcoin broker's web site you'll then need to learn how to navigate this platform before you can begin trading Bitcoin bitcoin online trading.

Learn Bitcoin Trading MetaTrader 5 Platform - MT5 Bitcoin Software Platform Tutorial - Learn BTCUSD Trading MetaTrader 5 Platform

Online BTCUSD Trading Software - MetaTrader 4 Workspace

From the above screen shot of this Bitcoin software there are several chart tool bars as well as chart windows.

You can download this online Bitcoin software from your online broker's website and after you download this software, then you will need to learn and get to know one or two things about this Bitcoin crypto trade software:

The first thing you need to learn is how to install this Bitcoin software after you download it. For example illustration if you download the MetaTrader 5, you'll need to go to an online Bitcoin broker website first, register for a practice account then after you register and sign up for a demo trade account you'll be provided with a link where to download the MetaTrader 5 platform.

Upon downloading this Bitcoin software, if you are not well-versed in computer operations, open your Web Browser. Navigate to the tools menu located at the top left corner of your browser, adjacent to "file," "edit," and "view." Click on tools, then select the download file location. Alternatively, you can use the shortcut: after launching your web browser, press the keyboard keys CTRL+J or CTRL+Y. A download window will appear, displaying links to the items you have downloaded. Select and Choose the trading platform which you've just downloaded.

Installing MetaTrader 5 platform

To setup this software after you've downloaded, open the download from the location you downloaded, from there an installation pop up wizard appears & all you have to do is to follow the installation setup guideline instructions. After installation of the software, the platform will run mechanically/automatically like just any other software.

You can open the MetaTrader 5 platform from the start menu >>> Programs or from the desktop shortcut that appears as a desktop icon tagged MT5 after installation.

Demo BTCUSD Account Registering and Log-in

To open a Bitcoin account on MT5 just click on "file" & then on "open an account".

To sign in to a trading account just click on "file" at the top right corner and then press sign-in from the drop down menu that appears.

Once you log into your Bitcoin trading platform, you'll get access to trading charts and analysis tools like indicators. Use those to analyze BTCUSD, track price movements, and place trades with your broker's servers, all through the online platform.

Bitcoin Trading Software - Menu Bar and Tool-Bars

Learn MT5 Software - Meta Trader 5 Bitcoin Trading Software Platform Example Explained

Menu Bar on MT5 for Exploring within the MetaTrader 5 Platform

Menu bar is used to operate & navigate this online software from single panel. From this panel you can set how to view the chart tool bars, the Bitcoin charts, data windows and even use the "file" menu tab to open a Bitcoin practice account - and also login to your Bitcoin account.

Fromm the menu bar you can click the "view tab" next to file tab at the top left corner & choose chart tool-bars like in the above shown screen-shot, these menu bars can be used to set-up the Bitcoin charts, trading indicators, chart timeframes, and others things like drawing trend lines & Fib retracement levels and Fibonacci extension levels.

Now that we have looked at the MetaTrader 5 chart toolbar and menu bar, we shall explain to you the main work-space inter-face of the MT5 BTCUSD online software.

MT5 Platform Workspace

MarketWatch Window - This market-watch window is used to display a stream of Bitcoin prices that is obtained from your broker. In this "marketwatch" window you can right-click anywhere on this window panel to select and choose "show all" trading instruments or hide the ones you're not interested in and save some bandwidth at same time. No need to have prices for 50 currency pairs if you're only interested Bitcoin cryptocurrency. On the MetaTrader 5 platform Bitcoin cryptocurrency is provided for trading with other alongside other online currencies such as EURUSD and GBPUSD. Bitcoin is traded against the US Dollar & it is denoted using the trading symbol BTCUSD.

To find Bitcoin (BTCUSD) for trading, right-click inside the Market Watch panel and choose “Show All.” Scan the list for Bitcoin or BTCUSD, open the Bitcoin chart, and if you want to clean things up, right-click again and pick “Hide All” to remove everything else you don't need.

Data Panel - Use this data window to setup indicators, EAs and scripts, you can click any of these menu sub items & expand/collapse the technical indicators or EAs used for automated trading so as to select and choose these items and put them on the Bitcoin charts.

Charts Window - This is where the Bitcoin price moves will be plotted in the format of a graph or what is commonly known as a Bitcoin chart in trading.

About the Charts Tab - it's your navigation tool. Whether you're trading Bitcoin or flipping between different currency pairs, this tab lets you move from one chart to another without fuss. It sits right below each chart (look for “BTCUSD” under the Bitcoin chart workspace). Open up a couple charts, and you can swap between them quickly. Easy.

Terminal - This terminal window is used to display and show a statement of your Bitcoin trades, profits and losses which you've made on your live Bitcoin account or demo Bitcoin account. To enlarge this window and view the open trades, just hover the mouse pointer on the terminal tool bar until the cursor changes, click and hold down mouse button and then move cursor upwards (shortcut press CTRL+T keyboard keys).

Connection bars - These connection bars are used to show and display the software connectivity to the internet, red bars mean no internet connection, green bars show that there is internet connection.

Bitcoin Charts - These charts show BTCUSD exchange prices. You trade this cryptocurrency now. They let you see if prices rise or drop.

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