Introduction to MT4 Interface

The following image below shows the main MetaTrader 4 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 trading market is the MT4 software software. This MT4 software is the software which you will connect to your crypto broker with and execute bitcoin trade transactions & monitor your bitcoin account balance from this MT4 software.

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

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

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

For this MetaTrader 4 guide we shall look at a brief introduction for each of these learn cryptocurrency MT4 platform:

1. Navigation Menus

The MetaTrader 4 navigation menus are:

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

These are the main MT4 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 navigation menus to familiarize yourself with various MT4 buttons that are arranged as MT4 sub menus within these MT4 navigation menus.

These MT4 navigation menus will be discussed & covered in details in the next MT4 guides about navigation menus.

2. Toolbars

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

These MetaTrader 4 toolbars will be discussed on other MT4 guides that will outline each MetaTrader 4 button on this MT4 toolbar and how to add & customize these MetaTrader 4 toolbars.

3. Chart Window Panel

This MT4 cryptocurrency chart window is the main area where MT4 crypto charts are displayed and 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 charts.

4. Navigator

MetaTrader 4 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 cryptocurrency trading account to login by expanding the Accounts menu, choose an MT4 cryptocurrency indicator by expanding the MT4 cryptocurrency indicator menu or choose an MT4 Crypto EA by expanding the EA menu.

5. Market Watch

MetaTrader 4 Market watch is used to show streaming bitcoin trading price 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 MT4 window that is like the bank account trade area for your MetaTrader 4 bitcoin trade transactions, on this MT4 window you can view your account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MT4 bitcoin trade transactions history.

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

7. Connection Bar

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

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

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

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

So why does a trader need a good Bitcoin Trading Software:

To connect to the Crypto Broker Trading Server:

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

To analyze crypto charts using cryptocurrency trading technical analysis tools

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

From the above bitcoin platform inter-face, the summary of all data required by a trader is provided on this MT4 platform interface

• Connection - connection to the broker servers
• Charts - price graphs that display prices
• Tool bars - toolbars to add tools & technical analysis indicators on charts
• Market Watch - for displaying available instruments on MetaTrader 4
• Data window panel - provides MT4 bitcoin account data & other technical indicator data
• Exchange rates - shows current market bitcoin trading price on a chart
• Menu bar - Shows all menu items in the MetaTrader 4 software