Trade Bitcoin Trading

MT4 BTCUSD Platform Setup

If you want to learn how to setup the MetaTrader 4 software this bitcoin lesson explains the trading step by step tutorial on how to setup MT4 Bitcoin Platform for beginners with examples.

The following screen-shot below indicates the main MT4 software inter-face. As a beginner bitcoin trader trying to learn how to execute trade orders in the online market, the main tool for transacting the btcusd cryptocurrency trading market is the MetaTrader 4 ==22==platformsoftwareplatform--software software. This is the bitcoin software that ==22==you'llyou--will connect to your crypto broker with & execute bitcoin transactions and monitor your equity balance.

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

MT4 Bitcoin Platform/Software Setup - How to Setup BTCUSD Software MT4 BTCUSD Platform

Learn MT4 Platform Software - MT4 Platform Software Setup - MetaTrader 4 Platform ==22==SoftwarePlatformSoftware--Platform Course for Beginners

The Main Areas of this MT4 software just as is shown above are:

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

For this MT4 Bitcoin Platform Setup tutorial we shall look at a brief intro for each of these:

1. ==22==MetaTrader--4 Navigation Menus MT4 Software Platform Setup - MetaTrader 4 Platform Software ==22==CourseTutorialGuide for Beginner Traders

The MT4 navigation menus are:

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

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

These MetaTrader 4 software navigation menus will be discussed in details & particulars in the next MetaTrader 4 software setup tutorials about navigating menus.

2. MT4 Tool Bars MT4 Bitcoin Platform/Software Setup - MT4 Bitcoin Software Platform ==22==CourseTutorialGuide for Beginner Traders

The MT4 tool bars are used to manipulate charts, either by setting technical indicators, line studies, change time frames and load a template from a list of saved templates in the MT4.

These MetaTrader 4 tool bars will be discussed on other ==22==MetaTrader--4 software setup tutorials that will outline each button on this tool bar and how to add and customize these MT4 ==22==tool--barstool-barstoolbars.

3. MT4 Bitcoin Chart Window MetaTrader 4 Software Platform Setup - ==22==MetaTrader--4 Platform Software ==22==CourseTutorialGuide for Beginners

MT4 Bitcoin Chart Window is the main area where crypto charts are portrayed and trader can analyze & interpret the bitcoin trend direction of a instrument whether up or down, place indicators for trading analysis & even place and open trade orders from these bitcoin cryptocurrency charts.

4. MT4 Navigator MetaTrader 4 Software Platform Setup - ==22==MetaTrader--4 Platform Software ==22==CourseTutorialGuide for Beginner Traders

MetaTrader 4 Navigator will contain information about accounts, whether practice bitcoin account or live account, this panel also will have a listing of all MT4 indicators as well as EAs & scripts.

A trader can select and choose which trading account to sign in by expanding the Trade Accounts menu, choose a indicator by expanding the indicator menu or select an EA by expanding the Expert Advisor menu.

4. MT4 Market Watch MT4 Software Platform Setup - MT4 Platform ==22==SoftwarePlatformSoftware--Platform Course for Beginner Traders

MT4 Market watch window is used to show and display realtime quotes for bitcoin crypto. This can listing as many symbols provided by your crypto broker or a few selected by a bitcoin trader. To save inter-net band width, rightclick inside the btcusd trading market-watch panel & select "Hide All", so that to hide the MetaTrader 4 symbols that ==22==you--areyou're not transacting and save on internet band width.

6. MetaTrader 4 Terminal ==22==MetaTrader--4 Software Platform Setup - MetaTrader 4 Platform Software ==22==CourseTutorialGuide for Beginners

This is panel that's like the bank account trade area for your btcusd trades, on this panel you can view your equity balance, profit and losses statement, equity, margin used & also to retrieve a copy of all your trade positions transaction history.

This also will list all open trades and calculate all the profit & loss in real time as the bitcoin prices move upward or ==22==downwardsdownward.

7. MT4 Connection Bar ==22==MetaTrader--4 Software Platform Setup - MetaTrader 4 Platform ==22==SoftwarePlatformSoftware--Platform Course for Beginners

Red bars are for no connection, green bars show that there's connection to the servers & trading orders can be opened. These MetaTrader 4 connection bars should always be green when a trader is logged onto their demo bitcoin account or ==22==livereal account.

These main levels form the MT4 Platform Setup course and will be the main levels to be discussed in detail in the next learn MT4 software courses. For now ==22==it--isit's best to download MT4 & accustom yourself with MT4 inter-face.

Why MT4 Bitcoin Platform is Required for Opening Bitcoin Trade Transactions with Online Trading Brokers

MetaTrader 4 platform is the software which's used to access the btcusd market and interpret and analyze these bitcoin price movements using analysis. 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 bitcoin trader you earn profit or not.

So why does a btc usd trader need a good platform:

To connect to Server:

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

To analyze crypto charts using trading analysis

To place and open buy or sell order one needs to first analyze the direction of btcusd crypto. This is why all good bitcoin softwares provide technical tools for example bitcoin price charts, indicators and various different timeframes from which trader can analyze bitcoin the price movements using the trading time frames of their choice.

How to Install BTCUSD Software MT4 BTCUSD Platform - Install BTCUSD ==22==MetaTrader--4 Platform Software Free Download

MT4 Setup - MetaTrader 4 Platform Software ==22==CourseTutorialGuide for Beginners

From above MT4 cryptocurrency platform work space, the summary of all data required by a trader is provided on this MT4 interface

  • Connection - connection to the online broker servers
  • Charts - price charts which display bitcoin prices
  • Tool-Bars - toolbars to add tools and analysis indicators
  • MarketWatch - for displaying available instruments
  • Data panel - provides account information and other indicator data
  • Exchange rates - shows current market bitcoin price on a bitcoin chart
  • Menu bar - Shows all menu items in the MetaTrader 4

MT4 Setup - MT4 Course for Beginner Traders

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