MetaTrader 4 BTCUSD Platform
The best bitcoin trading trusted platform software is the MT4 platform. This bitcoin platform is one of the most common bitcoin platform which is used by almost every other trader as well as almost every online broker.
In this learn MetaTrader 4 guide we shall explain the MT4 Interface so that beginner traders wanting to begin learning this BTCUSD Crypto charting software, can then begin from this lesson.
Best Online Bitcoin Software - MT4 Workspace - Bitcoin Trusted Platforms
From above screenshot of the this bitcoin software MT4 software there are several toolbars as well as chart windows.
You can download this online btcusd crypto platform from your broker's website. Now after you download bitcoin crypto platform, then you will need to know one or two things about this bitcoin platform:
First thing is how to setup this btcusd crypto platform after you download. For example if you download the MetaTrader 4, you will need to go to a broker first, register for a demo trading account then after you register for a bitcoin demo cryptocurrency account you will be provided with a link where to download MetaTrader 4 trading platform.
Once you download this btcusd crypto platform, assuming you don't know much about Desktop computers, Open your Web Browser >>> Go to tools at the top left corner of your browser next to 'file', 'edit', 'view' & click on tools, select download file location, (shortcut: once you as a trader open your web browser click on CTRL+J or CTRL+ Y), a download pop up will then appear with links to downloaded items. Choose the software that you have just downloaded.
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To setup this software after you've downloaded, open the download from where you downloaded, from there an setup wizard pops up & all you have to do is to follow the installation instructions. After setup the software will run like any other software. Read guide How to install Meta Trader 4 software.
You can open the MetaTrader 4 platform from the start menu>>> Programs or from the desktop shortcut which appears as a desktop icon marked MT4 after setup.
Demo BTCUSD Account Registering and Log-in
To open a trading account in MT4 just click on 'file' and then on open an account, to login to an account just click on 'file' at the top right corner & click sign in from the drop-down menu that pops up.
Once yousign in to the bitcoin platform you will get access to charts and other technical analysis tools such as technical indicators that you will then use to place trades within the btcusd market while connected to your online broker's servers.
BTCUSD Crypto Platform Menu Bar & Tool-Bars
Menu Bar in MetaTrader 4 for Navigating within the Platform
Menu bar is used to operate & navigate this bitcoin software using a single window. From this panel you can set how to view toolbars, chart, data panel & even use the file tab to open a account - and also sign in to your bitcoin platform account.
From the menu bar you can click on view tab and select tool-bars like in the above pictured image, these menu bars can be used to set up bitcoin platform charts, indicators, time frames, & others things like drawing btcusd crypto trend-lines & Fib retracement areas & Fibo extension levels. To learn how to customize this bitcoin platform software navigate to this MT4 Bitcoin Platform Guide Section.
Now that we have looked at the toolbar and menu bar, we shall look at the main workspace inter-face of the MT4 software.
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Market Watch window - This panel is used to show a stream of the exchange rates that is obtained from your crypto broker. In this market watch panel you can right click anywhere on this window to choose show all trading instruments or hide the ones you are not interested in and save some bandwidth at same time. No need to have prices for 50 trading instruments if you are only interested 4 trading instruments.
Data Window - Used to setup Indicators, EAs & scripts, you can click on any of this menu sub items & expand/collapse the technical indicators or EAs used for automated trading.
Charts Panel - This is where the bitcoin crypto currency price moves will be drawn.
Charts Tab - Navigation from one instrument to the other is easy, just flip through the charts tab as highlighted above.
Terminal - This window is used to display a statement of your trades, profits and loses that you have made in your live crypto account or demo cryptocurrency account. To enlarge this panel and view open trade transactions, just hover the mouse on the terminal panel tool-bar until the cursor pointer changes, click & hold down mouse button & then move cursor pointer upwards.
Connection bars - These are used to illustrate the connection to the internet, red bars mean no internet connection, green bars show there internet connection.
Exchange Rates Graph - this shows the exchange rates for bitcoin crypto currency that you are trading so that to display if the exchange rate is going upward or downwards.
Advantages of MT4 BTCUSD Software
In crypto market there are many bitcoin crypto currency softwares available around the internet. But among the top bitcoin platforms best bitcoin software is the MT4 platform, it is the best Bitcoin Crypto software because of the following reasons:
Low Band-width Internet Connection Requirement
Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these are not readily available to some residential areas & might be limited to office buildings. This is why it is best to choose a bitcoin crypto currency platform which requires the minimum bandwidth, MetaTrader 4 software. Even with the best internet connection, sometimes the internet connection might not be available & you might need to use an alternative connectivity like the dial up or modem. MT4 software is the least expensive if you are on a modem. To even reduce further the inter-net band width usage navigate to market watch (Shortcut press CTRL+M), RightClick on any trading instrument, Choose 'Hide all', now the bitcoin platform will only stream the bitcoin price quotes for the pairs you only need & conserve your band-width even further. Especially when using a mobile phone or i Pad or a Tablet where you're paying for phone credit data this can save your credit. This is one of the reason why the MT4 platform is considered as one of the best bitcoin softwares online.
The easier it is to connect the easier it is open & close trades on time.
Provided by all Online Brokers
Another reason why this Bitcoin software is regarded as one of the best bitcoin platform is because MT4 is liked by most traders all brokers provide it. Once as an investor learns the MT4 platform there's no need to re-learn when you switch to another cryptocurrency broker. You can still use the same MT4 of the new broker without need to learn a new bitcoin software all over again.
Easy Analysis
The other thing which makes this the best bitcoin software is the ease that which you can set up the technical analysis indicators on the btcusd crypto charts. Even those using various web traders will do their technical analysis in MetaTrader 4 platform and then place their cryptocurrency orders on their webtrader.
Technical traders can also install custom technical indicators on this software, making it easier to add more technical analysis tools onto this bitcoin software. Others also install automated Expert Advisors on this bitcoin crypto currency platform so as to trade automatically with these programs known as EA Bitcoin Crypto Currency Robots.
Best Charts
The MetaTrader 4 has the best bitcoin platform charts representations available & implements many chart time frames from which a investor can choose.
Simplicity
Overall the simplicity of this bitcoin platform software & the fact that any investor can learn how to use MT4 within one hour makes this the best software for new and experienced cryptocurrency traders.
According to bitcoin platform reviews of the top bitcoin platforms MT4 is the best platform - Bitcoin Trusted Platforms MetaTrader 4 Bitcoin Platforms. Therefore, bitcoin traders looking for what is the best bitcoin platform can begin trading with the MetaTrader 4 software - Bitcoin Trusted Platforms - as it is the best bitcoin platform software & it's very easy to learn.
