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Best Bitcoin Platform for Beginners

The Best Bitcoin Software for New Traders is the MT4 platform. This is one of the most common bitcoin crypto currency software which is used almost by every other trader as well as almost every online broker.

In this tutorial we shall explain the MT4 Interface so that beginner traders wanting to start learning this Best Bitcoin Platform for Beginner Traders, can then start from the guide.

What's the Best Bitcoin Software? - MetaTrader 4 Platform Versions - MT4 Web BTCUSD Software

Best Bitcoin Software for Beginners - MT4 Workspace

Form the above image of the this software there are several toolbars as well as chart window.

You can download this Best Bitcoin Platform for Beginners from your broker's web site. Now after you download it, then you will need to learn one or two things about this btcusd crypto software:

First thing is how to setup this btcusd crypto software after you download. For example if you download the MetaTrader 4 software, you'll need to go to a online broker first, register for a practice trade account then after you sign up for a demo cryptocurrency account you'll be provided with a link where to download MT4 BTCUSD Crypto Software.

Once you download this btcusd crypto platform, assuming you don't know much about computers, Launch your Browser >>> Go to tools on the top-left corner of your browser 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 MetaTrader 4 software that you have just downloaded.

Best Bitcoin Software for Beginner Traders

To set-up this software after you have downloaded, open the download from where you downloaded, from there an setup wizard pops up and all you have to do is to follow the installation instructions. After set-up the trading platform will run automatically just like any other software. Read tutorial How to install MT4 software. This platform is easy to setup and this is another reason why this software is the Best Bitcoin Platform for Beginner Traders.

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 which pops up.

Once yousign in to the MetaTrader 4 you'll get access to charts & other trading analysis tools such as indicators that you'll then use to place trades within the btcusd market while connected to your online broker's servers.

Bitcoin Crypto Currency Platform Menu Bar & Tool Bars

MetaTrader 4 Bitcoin Platform Versions - MT4 Web BTCUSD Software - MT4 Mobile App BTCUSD Platform

Menu Bar in MetaTrader 4 for Navigating within the Platform - Best bitcoin software

Menu bar is used to operate & navigate this bitcoin software using a single window. From this panel you can set how to view tool-bars, chart, data window & even use the file tab to open a account - & also sign in to your trading account. This menu bar makes this platform easy to operate & this is also why this is the Best Bitcoin Software for Beginners for beginner cryptocurrency traders.

From the menu bar you can click on view tab and select chart tool-bars like in the above image screenshot, these menu bars can be used to set up charts, indicators, time frames, and others things like drawing btcusd crypto trend lines and Fibonacci retracement zones and Fibonacci extension levels. To learn how to customize this software platform go to this MT4 BTCUSD Crypto Tutorial Section.

Now that we have looked at the tool bar and menu bar, we shall look at the main work-space inter-face of the MetaTrader 4 platform.

Main Chart Panel Interface of MT4 Bitcoin Software - Types of MT4 Bitcoin Platforms - MT4 Web Bitcoin Software

Best Online Bitcoin Software - MT4 Best Bitcoin Software for New Traders

MarketWatch window - This window is used to show a stream of the exchange rates that's obtained from your crypto broker. In this market watch panel you can right click anywhere on this window to select show all financial instruments or hide the ones you're not interested in & save some bandwidth at same time. No need to have prices for 50 trading instruments if you're only interested in 4 trading financial instruments. This makes this software easy to use with any inter-net connection another reason why this is Best Bitcoin Software for New Traders.

Data Window - Used to setup Cryptocurrency Indicators, Expert-Advisors and scripts, you can click on any of this menu sub items & expand/collapse the technical indicators or Expert-Advisors used for automated btcusd crypto trading.

BTCUSD Crypto Charts Panel - This is where the btcusd crypto price moves will be drawn.

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

Terminal Panel - This window is used to show a statement of your trades, profits and loses which you have made in your live cryptocurrency account or demo crypto account. To enlarge this panel & view open trade transactions, just hover the mouse on the terminal panel tool-bar until the cursor pointer changes, click and 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's internet connection.

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

Advantages of MetaTrader 4 BTC USD Crypto Platform Software

In cryptocurrency market there are many btcusd crypto softwares available around the internet. But among the top bitcoin softwares the Best Bitcoin Software for New Traders is the MetaTrader 4 Bitcoin Crypto Currency Software, it is the best Bitcoin Crypto Currency software because of following reasons:

Low Bandwidth 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 and may be limited to office buildings. This is why it's best to select a btcusd crypto platform that requires the minimum band-width, MT4 software. Even with the best connection, sometimes the connection may not be available & you may need to use an alternative connectivity like the dial up or modem. MetaTrader 4 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 (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 internet band-width even further. Especially when using a phone or i Pad or a Tablet where you're paying for phone credit this can save your inter-net credit. This is one of the reason why MT4 is considered as one of the Best Bitcoin Platform for Beginner Traders 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 for Beginners is because MetaTrader 4 is liked by most traders all brokers provide it. Once as a trader learns the MetaTrader 4 software there's no need to re-learn when you switch to another crypto broker. You can still use the same MT4 software of the new online broker without need to learn a new bitcoin software all over again.

Easy Technical Analysis

Other thingthat makes this the Best Bitcoin Software for Beginner Traders is the ease with which you can set up the analysis technical indicators on the bitcoin crypto currency charts. Even those using various web traders will do their trading analysis in MetaTrader 4 btcusd chart & then place their cryptocurrency orders on their webtrader.

Technical analysis traders also can install custom technical indicators on this btcusd crypto 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 Bots.

Best BTCUSD Crypto Charts

The MetaTrader 4 has the Best Bitcoin Software for Beginners charts representations available and implements many chart time-frames from which a investor can choose.

Simplicity

Overall the simplicity of this software and the fact that any investor can learn how to use MetaTrader 4 within one hour makes this the Best Bitcoin Software for Beginners for new and experienced cryptocurrency traders.

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