Introduction to MetaTrader 5 Interface

The following screen shot below shows the main MetaTrader 5 platform interface. 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 MT5 software software. This MT5 platform is the software which you will connect to your crypto broker with & execute bitcoin trade transactions & monitor your bitcoin trading MT5 account balance from this MT5 platform.

The Bitcoin Trading MT5 Software software is provided for free through the various bitcoin trading broker sites. This MetaTrader 5 software looks like the cryptocurrency trading example illustrated below:

The Main Areas of this MT5 platform as shown above are:

1. MT5 Navigation Menus
2. Toolbars
3. MT5 Bitcoin Chart Window
4. MT5 Navigator Panel
5. MetaTrader 5 Market Watch Window Panel
6. MT5 Terminal
7. MT5 Connection Bars

For this MT5 tutorial we shall look at a brief introduction for each of these learn cryptocurrency MetaTrader 5 Bitcoin Trading Platform:

1. Navigation Menus

The MT5 navigation menus are:

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

These are the main MT5 navigation menus which can be used to navigate the MetaTrader 5 software. As a beginner bitcoin trader you can start by just clicking any of these MT5 navigation menus to familiarize yourself with the various MT5 buttons that are arranged as MT5 sub menus within these MT5 navigation menus.

These MetaTrader 5 navigation menus will be discussed in details in the next MT5 guides about navigation menus.

2. Toolbars

The MT5 toolbars are used to manipulate MT5 cryptocurrency charts, either by placing MT5 cryptocurrency trading indicators, MT5 line studies, change MT5 crypto chart time frames and load MT5 cryptocurrency chart template from a list of saved MT5 cryptocurrency chart templates.

These MetaTrader 5 tool-bars will be discussed on other MT5 tutorials that will outline each MetaTrader 5 button on this MT5 tool-bar and how to add & customize these MT5 tool-bars.

3. Chart Panel

This MT5 cryptocurrency chart window is the main area where MT5 crypto charts are displayed & a trader can analyze the bitcoin trend direction of a MT5 cryptocurrency chart whether up or down, place MT5 cryptocurrency chart indicators for cryptocurrency trading technical analysis & even place orders from these MT5 bitcoin charts.

4. Navigator

MT5 Navigator will contain information about MT5 accounts, whether practice or real, this MT5 window will also have a list of all the MT5 crypto technical indicators as well as MT5 Automated Crypto EAs and scripts.

A trader can select which MT5 account to login by expanding the Accounts menu, choose an MT5 cryptocurrency indicator by expanding the MT5 cryptocurrency indicator menu or choose an MT5 Automated Crypto EA by expanding the Automated Crypto EA menu.

5. Market Watch

MT5 Market watch is used to show streaming cryptocurrency quotes for MT5 crypto trading instruments. This can list as many quotes provided by your MT5 crypto broker or a few chosen by a bitcoin trader. To save inter-net band width, right click inside the MT5 market watch window and select "Hide All", so as to hide the MT4 symbols that you are not transacting on this MT5 Bitcoin Platform & save on inter-net band width.

6. Terminal

This is the MT5 window that is like the bank MT5 account transaction area for your MT5 bitcoin trade transactions, on this MT5 window you can view your MT5 account balance, profit & losses statement, equity, margin used also retrieve a copy of all your MT5 bitcoin trade transactions history.

This MT5 window will also list all open bitcoin trade transactions & calculate all the profit & loss in real-time as the crypto charts move up or down.

7. Connection Bar

MT5 connection bars - Red bars are for no connectivity, green bars show that there's connectivity to the servers and MT5 bitcoin trade orders can be placed. These MT5 connection bars should always be green when one logged into their MT5 demo MT5 account or MetaTrader 5 live account.

These MetaTrader 5 Bitcoin Trading Platform main areas form the MT5 Bitcoin Trading Platform interface and will be the main areas to be covered in detail in next learn MT5 tutorials. For now it is best to download MetaTrader 5 Bitcoin Trading Platform software and familiarize yourself with the MT5 software interface.

Why Bitcoin Software is Required for Placing bitcoin trading Transactions with Crypto Brokers

Bitcoin platform is software that's used to access the btcusd market & interpret 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 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 trade 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 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 MT5 Bitcoin Trading Platform interface

• Connection - connection to the broker servers
• Charts - price graphs that display bitcoin prices
• Toolbars - MT5 tool bars to add tools and cryptocurrency trading technical analysis indicators on bitcoin charts
• Market Watch - for displaying available financial instruments on MT5
• Data window panel - provides MT5 account information and other technical indicator data
• Exchange rates - shows current market bitcoin trading price on a bitcoin chart
• Menu bar - Shows all menu items on the MT5 Platform