Bitcoin Platform - MetaTrader 5 Software
The most popular Bitcoin Software is the MetaTrader 5. MetaTrader 5 platform is also the most popular software for Forex currency trading, stock indices trading, CFDs trading and Oil trading.
MT5 software is provided for free by online Bitcoin trading and Forex Trading Brokers. This Bitcoin trading software or Bitcoin trading platform as it is commonly known provides online traders with easy access to streaming Bitcoin price quotes from the broker's servers to the trader's computer. Traders can connect to the online Bitcoin trading market through this trading software platform that is provided to them by their online broker.
This Bitcoin trading software draws the prices of Bitcoin in the form of charts and graphs commonly known as Bitcoin trading charts and these trading charts will represent the movement of Bitcoin prices in an easy format that is easy to analyze so as to determine the general trend direction that Bitcoin prices are moving in whether the direction is up or down.
The MetaTrader 5 platform will also provide Bitcoin traders with many technical analysis tools such as technical indicators that they can use to analyze the movement of the Bitcoin prices.
This Bitcoin trading platform plots and displays the Bitcoin price charts on the computer screen; these BTCUSD charts show the current buy & sell price of Bitcoin Cryptocurrency.
This Bitcoin trading platform also helps traders to keep track of the funds or what is known as account equity balance in online trading. The platform will have a trade transaction window that will show the Account balance that the Bitcoin trader has deposited that is available for trading with. This window will also show all the trade transactions that the trader has opened and a trader can close their BTCUSD trades from this MetaTrader 5 transactions window.
From the Bitcoin trading charts traders can also open and close trades directly from the BTCUSD trading charts.
MT5 Platform - Online Bitcoin Software
The easiest Bitcoin trading platform to learn trading BTCUSD with is the MetaTrader 5 platform software - it is also the easiest trading software to use when trading currencies, cryptocurrencies, stock indices, precious metals, Oil and CFDs financial instruments online.
Commonly known as MetaTrader 5 or just MT5, this software can be downloaded free of charge from the online Bitcoin trading broker that provides this trading software to beginner Bitcoin traders as well as the experienced Bitcoin traders trading the Live Bitcoin trading market.
As a beginner, you will have to start with a demo account which is a Bitcoin account for practice trading that uses virtual funds meaning that a trader does not have to risk their own money when they start learning how to trade the Bitcoin Crypto - BTCUSD. After a trader has learned how to trade with the MetaTrader 5 software using this practice account a trader will then open the Real Account commonly known as Live Bitcoin Account then deposit their money as their trading capital & begin trading the live Bitcoin trading market for profit.
Learning MetaTrader 5 Bitcoin Platform
If you are new to Bitcoin platforms all you need to remember is that all computer software use same programming rules, programming rules are followed by all programmers, one of the rules used is familiarity.
So in all software take for example your web browser, there is file, edit, view, history, tools and help at the top left side of your browser.
If you compare this with your Bitcoin trading platform, if you are using MetaTrader 5 commonly referred to as MT5 there is file, view, insert, charts, tools, window and help.
MetaTrader 5 Platform Navigation Menu
In the top left corner of MetaTrader 5 platform software, Under "File" menu you can open charts for the Cryptocurrency pair you want or when it comes to trading Bitcoin - you can open the trading chart for BTCUSD or Bitcoin depending on how it will be marked on your trading software, from this file menu you can also open an account, or login to an account and so on.
Under File Menu
Use the "New Chart" button to open a new Bitcoin chartUse the "Open an Account" button to open a Bitcoin practice trading practice accountUse the "Login" button to login to an account
How to Open an Account in MT5 Bitcoin Trade Platform
Under View Menu
Under view menu you can open the navigator, the navigator window is used to view your trading account number details, it is also used to view technical indicators as well as available Automated Expert Advisors that are used for automated trading. To use any of the indicators just double click on the indicator that you want and click okay. The indicator you select will automatically be placed on the Bitcoin price chart.
Still under view you can click "terminal" to view open BTCUSD trades. This is the MetaTrader 5 transaction window where a trader can access information about their trading account balance as well as information about their open BTCUSD trades.
Opening a Bitcoin Trade
To open a BTCUSD trade, right click inside the chart - first open the BTCUSD Bitcoin trading chart from the File menu, New Chart Option. Once you open the Bitcoin trading chart click within the trading chart and select new order and then you can choose to buy or sell Bitcoin from the new trade order window that will popup.
If anything else gets within this trading software complicated just click on the "Help button" and look for the solution it in the 'Help Topics'.
Bitcoin MetaTrader 5 platform can be downloaded from the various online broker websites.
The MetaTrader 5 is so easy to learn - as a beginner Bitcoin trader you can learn the platform within minutes, this is why the MetaTrader 5 is considered as one of the best Bitcoin trading platforms if not the best Bitcoin platform to practice and train with.
