Introduction to MT4 Interface

The following image below displays 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 btcusd market is the MetaTrader 4 software platform platform. This MT4 platform software is the software which you'll connect to your broker with and execute bitcoin trade positions & monitor your bitcoin account balance from the MT4 software.

The Crypto MT4 software platform is provided free through the various bitcoin broker web sites. This MT4 software resembles the cryptocurrency example shown below:

The Main Areas of this MT4 platform software like is shown above are:

1. MetaTrader 4 Navigation Menus
2. Toolbars
3. MT4 BTCUSD Chart Window
4. MetaTrader 4 Navigator Panel/Window
5. MT4 Market-Watch Window
6. MT4 Terminal
7. MT4 Connection Bars

For this MT4 tutorial we shall look at a brief introduction for each of these learn cryptocurrency MT4 platform:

1. Navigation Menus

The MT4 navigating menus are:

1. File Tab
2. View Tab
3. Insert Tab
4. Charts Tab
5. Tools Tab
6. Window Tab
7. Help Tab

These are the main MT4 navigation menus which can be used to navigate the MT4 software. As a beginner bitcoin trader you as a bitcoin trader can start by just pressing any of these MT4 navigating menus to familiarize yourself with various MT4 buttons which are grouped as MT4 sub-menus within these MetaTrader 4 navigation menus.

These MT4 navigating menus will be discussed and covered in details & particulars in the next MT4 tutorial guides about navigating menus.

2. ToolBars

The MT4 tool bars are used to manipulate MT4 charts, either by placing MT4 indicators, MetaTrader 4 line studies, change MT4 time frames & load MT4 template from a listing of saved MT4 templates.

The MT4 tool bars will be discussed on other MetaTrader 4 tutorial guides that will outline each MT4 button on this MT4 tool bar and how to add and customize these MetaTrader 4 toolbars.

3. Chart Panel

This MetaTrader 4 chart window panel is the main area where MT4 charts are portrayed & a bitcoin trader can analyze the bitcoin trend direction of a MT4 chart whether up or down, place MT4 chart indicators for trading analysis & even place and open trade orders from these MT4 bitcoin charts.

4. Navigator

MetaTrader 4 Navigator will contain information about MT4 accounts, whether practice or real, this MT4 panel also will have a list of all the MetaTrader 4 indicators as well as MT4 EAs(Expert Advisors) & scripts.

One can choose and select which MT4 account to login by expanding the Accounts menu, choose an MetaTrader 4 indicator by expanding the MT4 indicator menu or choose & select an MT4 EA by expanding the EA menu.

5. Market Watch

MT4 Market watch is used to show and display realtime bitcoin price quotes for MT4 instruments. This can list as many quotes which are offered by your MT4 broker or a few selected by a bitcoin trader. To save inter-net band width, right click inside the MT4 market-watch window panel and select 'Hide All', to hide the MT4 symbols that you aren't transacting on this MetaTrader 4 platform software and save on internet band width.

6. Terminal

This is MT4 panel that is like the bank account area for your MT4 bitcoin trades, on this MT4 window you as a BTCUSD trader can view your trading account balance, profit & losses statement, equity, margin used & also to retrieve a copy of all your MT4 bitcoin trades history.

This MetaTrader 4 panel also will list all open bitcoin trade positions and calculate all the profit & loss in real time as the charts move up or down.

7. Connectivity Bar

MT4 connection bars - Red bars are for no connectivity, green bars show that there's connection to the servers and MT4 bitcoin trade orders can be set. These MT4 connection bars should always be green when a trader is logged in to their MT4 practice bitcoin account or MT4 live/real account.

The MT4 software main levels form the MetaTrader 4 software platform interface and will be the main levels to be explained in detail in the next learn MT4 guides. For now it's best to download MT4 platform & enlighten yourself with the MT4 software inter-face.

Why Bitcoin Software is Required for Placing Bitcoin Trade Positions with Brokers

Bitcoin software is the software which is used to access the btcusd market and analyze these bitcoin price movements using charts and cryptocurrency trading analysis tools. There are various grounds why a trader requires to use a good bitcoin cryptocurrency platform. A good bitcoin software can determine if a as a btc/usd trader you make profit or not.

So why does a trader need a good Crypto Software:

To connect to the Broker Server:

To place a bitcoin trade order one needs to use a bitcoin platform which will connect to the servers of their cryptocurrency broker and this will allow them to open and close bitcoin trade orders. Good bitcoin platform softwares will connect with ease to the online brokers' servers & allow traders to open and place bitcoin trade orders at any time from desktop computer PC.

To analyze and interpret charts using technical analysis tools

To place a buy or sell bitcoin order a trader needs to first interpret the direction of bitcoin using charts. This is why all good bitcoin softwares provide cryptocurrency trade technical tools like bitcoin price charts, indicators and various different time frames from which one can analyze and interpret bitcoin the price moves using the time frames of their choice.

From the above btcusd crypto platform work space, the summary of all data required by a trader is provided on this MT4 platform software inter-face

• Connection - connection to the online broker servers
• Charts - price graphs which illustrate btcusd crypto prices
• Tool bars - tool-bars to add tools & analysis technical indicators on bitcoin charts
• Market Watch - for displaying available instruments in MT4 Platform Software
• Data panel - provides MT4 bitcoin account data and other technical indicator data
• Exchange rates - shows current market btcusd crypto price on a btcusd crypto chart
• Menu bar - Shows all menu items in the MetaTrader 4 software

Get More Guides & Topics:

• Inverted Hammer Bearish BTCUSD Candles Pattern
• How Do I Analyze Bear Pennant Setup?
• How to Interpret and Analyze Fibo Extension Levels Trading Indicator on Bitcoin Charts
• How Do You Place Bulls Power Bitcoin Trading Indicator on a Chart in MT4 Platform/Software?
• Aroon BTC USD Indicator Technical Analysis in BTC/USD Charts