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.

Most brokers offer this platform. It's simple to handle.

In this tutorial, examples demonstrate how to navigate the MetaTrader 5 platform and its trading interface. The guide provides a step-by-step explanation to help traders operate within this software effectively.

MT5 Platform Tutorial - Learn to Use MT5 for Bitcoin Trading

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.

After downloading Bitcoin software from your broker's site, learn to use the platform. Then start online Bitcoin trading.

Learn Bitcoin Trading in MT5 - BTCUSD Tutorial for MetaTrader 5 Platform

Online BTCUSD Trading Software - MetaTrader 4 Workspace

Several chart toolbars and chart windows are visible within the Bitcoin software screenshot provided above.

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.

After you download this bitcoin tool, if tech skills are low, start your web browser. Go to the tools menu in the top left. It's near file, edit, and view. Click tools. Pick the downloads spot. Or try this shortcut. Open your browser. Hit CTRL+J or CTRL+Y on the keys. A downloads box pops up. It lists what you grabbed. Pick the trading software you just got.

Installing MetaTrader 5 platform

To get this software ready after getting it, start the download from wherever it went, which will bring up a setup helper, and you just need to do what it says. After the software is setup, the program will start running on its own, like other programs do.

Launch MetaTrader 5 from the start menu under Programs. Or use the desktop icon labeled MT5 after setup.

Demo BTCUSD Account Registering and Log-in

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

To access your trading account, simply select "file" located in the upper right section and then choose "Sign In" from the menu that appears.

Upon successful login to your Bitcoin trading terminal, you gain access to trading charts and analytical instruments like various indicators. Employ these tools to conduct analyses on BTCUSD, monitor price fluctuations, and issue trade orders that are routed via your broker's servers through the online interface.

Bitcoin Trading Software - Menu Bar and Tool-Bars

Learn MT5 Platform Basics - Bitcoin Trading Example on MetaTrader 5

Menu Bar on MT5 for Exploring within MetaTrader 5 Platform

The menu bar runs everything for this online platform from a single panel. You control how the chart toolbars and Bitcoin charts look, open data windows, or even use the “file” menu to start a Bitcoin practice account or log in to your real one.

From the menu at the top, you can click the "view tab" that's next to the file tab on the top left, and then pick tool-bars for charts, like in the picture shown above: you can use these menu bars to set up the Bitcoin charts, trading indicators, chart timeframes, and things like drawing lines to show trends and levels for Fib retracement and Fibonacci extension.

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 serves to present a continuous stream of Bitcoin prices sourced from your broker. Within this 'marketwatch' window, you can right-click anywhere on the panel to select the option to 'show all' trading instruments or to hide those that do not interest you, thereby conserving bandwidth simultaneously. There is no necessity to display prices for 50 currency pairs if your sole interest lies in Bitcoin cryptocurrency. On the MetaTrader 5 platform, Bitcoin cryptocurrency is available for trading alongside other online currencies such as EURUSD and GBPUSD. Bitcoin is traded against the US Dollar and is represented by the trading symbol BTCUSD.

To locate Bitcoin (BTCUSD) for trading, right-click in the Market Watch panel and select “Show All.” Scroll through the list until you find Bitcoin or BTCUSD. If needed, you can tidy up by right-clicking again and selecting “Hide All” to remove unnecessary symbols.

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.

The Window for Charts This is where the Bitcoin price fluctuations will be graphed, or what traders refer to as a Bitcoin chart.

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.

The terminal shows a report of your Bitcoin trades, including profits and losses from your real or practice Bitcoin account. To make it bigger and see open trades, hover over the terminal tool bar until the cursor changes, then click and hold while moving the cursor up (or press CTRL+T on the keyboard).

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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