Introduction to MT4 Dashboard

The following screen-shot below shows the main MetaTrader 4 platform Dashboard. 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 trading market is the MT4 software software. This MetaTrader 4 software is the software which you'll connect to your crypto broker with & execute bitcoin trade transactions & monitor your bitcoin trading balance from this MetaTrader 4 platform.

The MT4 platform software is provided for free through the various bitcoin broker web sites. This MetaTrader 4 platform looks like the cryptocurrency trading example illustrated below:

The Main Areas of this MetaTrader 4 software as shown above are:

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

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

1. Navigation Menus

The MT4 navigation menus are:

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

These are the main MT4 platform navigation menus which can be used to navigate the MT4 software. As a beginner bitcoin trader you can start by just clicking any of these MT4 platform navigation menus to familiarize yourself with the various MT4 buttons that are arranged as MT4 sub menus within these MT4 navigation menus.

These MetaTrader 4 navigation menus will be discussed in details in the next MT4 platform tutorials about navigation menus.

2. Toolbars

The MT4 tool bars are used to manipulate MT4 cryptocurrency charts, either by placing MT4 indicators, MT4 line studies, change MT4 crypto chart time frames and load MT4 template from a list of saved MT4 templates.

These MetaTrader 4 tool bars will be discussed on other MT4 platform tutorials that will outline each MT4 button on this MT4 tool bar and how to add and customize these MT4 tool bars.

3. Chart Panel

This MT4 cryptocurrency chart window is the main area where MT4 crypto charts are displayed & a trader can analyze the bitcoin trend direction of a MT4 cryptocurrency chart whether up or down, place MT4 cryptocurrency chart indicators for technical analysis & even place orders from these MT4 bitcoin charts.

4. Navigator

MT4 Navigator will contain information about MT4 accounts, whether practice or real, this MT4 window will also have a list of all the MT4 crypto technical indicators as well as MT4 Crypto EAs and scripts.

A trader can select which MT4 account to login by expanding the Accounts menu, choose a MT4 indicator by expanding the MT4 indicator menu or choose a MT4 Crypto EA by expanding the EA menu.

5. Market Watch

MT4 Market watch is used to show streaming cryptocurrency quotes for MT4 crypto trading instruments. This can list as many quotes provided by your MT4 crypto broker or a few chosen by a bitcoin trader. To save inter-net band width, right click inside the MT4 market watch window and select "Hide All", so as to hide the MT4 symbols that you are not transacting on this MT4 platform and save on inter-net band width.

6. Terminal

This is the MT4 window that is like the bank account trade area for your MetaTrader 4 bitcoin trade transactions, on this MetaTrader 4 window you can view your account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MetaTrader 4 bitcoin trade transactions history.

This MetaTrader 4 panel will also list all open bitcoin trade transactions & calculate all the profit & loss in real-time as the bitcoin prices move upwards or downwards.

7. Connection Bar

MT4 connection bars - Red bars are for no connectivity, green bars show that there's connectivity to the servers and MT4 bitcoin trade orders can be placed. These MT4 connection bars should always be green when one logged into their MetaTrader 4 practice bitcoin account or MetaTrader 4 live account.

These MetaTrader 4 software main areas form the MT4 software Dashboard and will be the main areas to be covered in detail in next learn MT4 platform tutorials. For now it is best to download MT4 software software and familiarize yourself with the MT4 software Dashboard.

Why Bitcoin Software is Required for Placing Bitcoin Trade Transactions with Crypto Brokers

Bitcoin platform is software that's used to access the btcusd market & interpret these bitcoin price movements using crypto charts and cryptocurrency technical analysis tools. There are various reasons why a trader requires to use a good bitcoin trading platform. A good bitcoin software can determine if a as a trader you make profit or not.

So why does a trader need a good Bitcoin Software:

To connect to the Crypto Broker Trading Server:

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

To analyze crypto charts using cryptocurrency trading analysis tools

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

From the above bitcoin trading platform Dashboard, the summary of all information required by a trader is provided on this MT4 platform Dashboard

• Connection - connection to the broker servers
• Charts - price graphs that display bitcoin prices
• Tool bars - toolbars to add tools and technical analysis indicators on bitcoin charts
• Market Watch - for displaying available financial instruments on MetaTrader 4
• Data window panel - provides MetaTrader 4 account information and other technical indicator data
• Exchange rates - shows current market bitcoin price
• Menu bar - Shows all menu items on the MetaTrader 4 software