Trade Bitcoin Trading

MT4 Bitcoin Platform

The best bitcoin software is MetaTrader 4 software. This is one of the most common btcusd crypto platform which's used almost by every other trader as well as almost every online broker.

In this tutorial we shall explain the MetaTrader 4 Interface so that new traders wanting to start learning this Bitcoin Crypto Currency charting software, can then begin from the lesson.

MetaTrader 4 Bitcoin Software - MT4 BTCUSD Platform Explained - How to Trade Using MT4 Software for Beginner Traders

Best Online Bitcoin Software - MT4 Workspace

Form the above image of the this software there are several tool-bars as well as chart window.

You can download this online bitcoin crypto currency platform from your online broker's web site. Now after you download it, then you'll need to learn one or 2 things about this bitcoin crypto currency software:

First thing is how to setup this bitcoin crypto currency software after you download. For example if you download the MT4, you'll need to go to a online broker first, register for a practice trade account then after you sign up for a demo trade account you will be provided with a link where to download the MT4.

Once you download this bitcoin crypto currency platform, assuming you don't know much about computers, Open your Web Browser >>> Navigate to tools on the top-left corner of your browser just next to the 'file', 'edit', 'view' & click on tools, choose download file location, (short cut: once you as a bitcoin trader open your web browser click on CTRL+J or CTRL+ Y), a download pop-up will then appear with links to download items. Select the trading platform which you have just downloaded.

Installing MT4

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 platform will run automatically just like any other software. Read tutorial How to install MetaTrader 4 platform.

You can open MetaTrader 4 from the start menu>>> Programs or from the desktop shortcut that pops up as a desktop icon marked MT4 after set-up.

Demo BTCUSD Account Signup 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 login from the drop-down menu that appears.

Once yousign in to the platform you will get access to charts & other technical analysis tools such as indicators that you'll then use to place trades within the btcusd market while linked to your crypto broker's servers.

Bitcoin Crypto Currency Platform Menu Bar & ToolBars

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Menu Bar in MetaTrader 4 for Navigating within the Platform Software

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 window and even use the file tab to open a account - & also sign in to your account.

From the menu bar you can click on view tab & choose toolbars like in the above pictured screenshot image, these menu bars can be used to set up charts, indicators, time frames, & others things like drawing bitcoin crypto currency trend-lines and Fibonacci retracement zones and Fibonacci expansion levels. To learn how to customize this software platform navigate to the MT4 Bitcoin Software Guide Section.

Now that we have looked at the tool bar and menu bar, we will look at the main work-space interface of the MetaTrader 4 platform - MT4 Bitcoin Software - MT4 Bitcoin Software.

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Best Online Bitcoin Software - MT4

Market Watch window - This window is used to show a stream of the exchange rates that's obtained from your crypto online broker. In this market watch panel you can right click anywhere on this window to choose show all financial instruments or hide the ones you are not interested in and save some band-width at same time. No need to have prices for 50 trading instruments if you are only interested in 4 trading instruments.

Data Window - Used to setup Indicators, Expert-Advisors and 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 btcusd crypto price moves will be drawn.

Charts Tab - Navigation from one instrument to the other is easy, just flip through the charts tab as high-lighted above.

Terminal - This window is used to display a statement of your trades, profits & loses that you have made in your live account or demo trade account. To enlarge this panel and view open trades, just hover the mouse on the terminal panel toolbar 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 is internet connection.

Exchange Rates Graph - this shows the exchange rates for btcusd crypto that you're trading so as to display if the exchange rate is going upwards or downwards.

Advantages of MetaTrader 4 BTCUSD Crypto Currency Trading Platform Software

In market there are many btcusd crypto softwares available around the internet. But among the top bitcoin softwares best bitcoin software is the MT4, it is the best BTCUSD Crypto software because of following reasons:

Low Band-width Internet Connection Requirement

Not everyone can afford the best internet connection, the T1, the satellite, ADSL or Fiber internet connection: furthermore, these aren't freely available to some residential areas & might be limited to office buildings. This is why it is best to choose a bitcoin crypto currency software that requires the minimum bandwidth, the MT4. Even with the best connection, sometimes the connection may not be available & you might need to use an alternative connectivity like the dial up or modem. MetaTrader 4 is the least expensive if you are on a modem. To even reduce further the inter-net band width usage go to market watch (Short-cut Key press CTRL+M), Right Click on any instrument, Choose 'Hide all', now the software will only stream the bitcoin price quotes for the pairs which you only need and conserve your bandwidth even further. Especially when using a phone or i Pad or Tablet where you are paying for mobile phone credit this can save your information credit. This is one of the reason why the MetaTrader 4 is considered as one of the best bitcoin softwares online.

The easier it is to connect the easier it is open & close trade transactions on time.

Provided by all Online Brokers

Another reason why this Bitcoin software is regarded as one of the best bitcoin software is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a trader learns the MetaTrader 4 software there is no need to re-learn when you switch to another broker. You can still use the same MT4 of the new online broker without need to learn a new software all over again.

Easy Technical Analysis

The other thing that makes this the best btcusd crypto software is the ease that which you can set up the analysis technical indicators on the btcusd crypto charts. Even those using various web traders will do their trading analysis on MetaTrader 4 & then place their orders on their webtrader.

Technical traders also can install custom technical indicators on this software, making it easier to add more trading analysis tools onto this software. Others also install automated Expert Advisors on this bitcoin crypto currency software so that to trade automatically with these programs known as Automated Expert Advisor BTCUSD Crypto Robots.

Best Charts

The MT4 has the best bitcoin charts representations available & implements many chart time-frames from which a investor can choose.

Simplicity

Overall the simplicity of this software & the fact that any investor can learn how to use MT4 within one hour makes this the best software for new and experienced traders.

According to bitcoin software reviews of the top bitcoin softwares Meta Trader 4 is the best bitcoin crypto currency platform. Hence, traders looking for what is the best bitcoin platform can begin trading with the MT4 platform as it is the best software and it's very easy to learn.

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