Best Platform for BTCUSD Trading

The Best Platform for Bitcoin is the MT4 platform. This is one of the most common bitcoin crypto currency platform which's 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 begin learning this Best Platform for Bitcoin Trading, can then start from the guide.

Best Platform for Bitcoin - MT4 Workspace

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

You can download this Best Platform for BTCUSD Crypto Trading from your broker's web site. Now after you download it, then you will need to learn one or two things about this bitcoin crypto currency platform:

The first thing is how to setup this bitcoin crypto currency platform after you download. For example if you download the MetaTrader 4 platform, you will need to go to a broker first, register for a practice trading account then after you sign up for a demo trade account you will be provided with a link where to download MetaTrader 4 Bitcoin Crypto Currency Platform.

Once you download this bitcoin crypto currency platform, assuming you do not know much about PC Desktop computers, Open your Web Browser >>> Navigate to tools on the top-left corner of your browser just next to 'file', 'edit', 'view' and click on tools, select download file location, (shortcut: once you open your web browser click on CTRL+J or CTRL+ Y), a download pop-up will then appear with links to downloaded items. Select the MT4 platform that you have just downloaded.

Best Platform for Bitcoin Trading

To set-up this software after you have downloaded, open the download from where it's that 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 operate automatically like any other software. Read tutorial How to install MT4. This platform is easy to setup & this is another reason why this software is the Best Platform for Bitcoin Trading.

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

Demo BTCUSD Trading Account Registering & Log-in

To open a trading account on MetaTrader 4 just click on 'file' & then on open an account, to login to an account just click on 'file' at the top right corner and click login from the dropdown menu which pops up.

Once yousign in to the MT4 software you'll get access to charts & other technical analysis tools such as indicators that you will then use to place trades within the bitcoin crypto market while linked to your crypto broker's servers.

Bitcoin Crypto Currency Platform Menu Bar & ToolBars

Menu Bar in MetaTrader 4 for Navigating within the Software - Best bitcoin platform

Menu bar is used to operate and navigate this bitcoin platform from a single panel. From this panel you can set how to view toolbars, 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 and this is also why this is the Best Platform for Bitcoin for beginners.

From the menu bar you can click on view tab & choose chart toolbars like in the above screenshot, these menu tool-bars can be used to setup charts, indicators, time frames, and others things like drawing btcusd crypto trend lines and Fib retracement areas and Fibonacci extension levels. To learn how to customize this software platform navigate to the MT4 Bitcoin Crypto Currency Course 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 MT4 software.

Best Platform for Bitcoin - MT4 Best Platform for Bitcoin Trading

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 choose show all financial instruments or hide the ones you are not interested in and save some bandwidth at same time. No need to have prices for 50 trading instruments if you are 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 Platform for Bitcoin Trading.

Data Window - Used to set-up Trading Indicators, Expert Advisors and scripts, you can click on any of this menu sub items and expand/collapse the technical indicators or EAs 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 financial instrument to another is easy, just flip through the charts tab as illustrated above.

Terminal Panel - This window is used to illustrate a statement of your trades, profits and 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 upward.

Connection bars - These are used to illustrate the connection to the internet, red bars mean no online internet connectivity, 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 MT4 Bitcoin Platform

In the online market there are many bitcoin softwares available around the internet. But among the top bitcoin softwares the Best Platform for Bitcoin is the MT4 BTCUSD Crypto Currency Trading Platform Software, it is the best Bitcoin Crypto Currency software because of following reasons:

Low Band-width Internet Connection Requirement

Not everyone can afford the best online internet connection, the T1, the satellite, ADSL or Fiber Optic internet connection: furthermore, these aren't readily available to some residential levels & might be limited to office buildings. This is why it is best to choose a bitcoin crypto currency software that requires the minimum band-width, MetaTrader 4 software. Even with the best internet connection, sometimes the connection might not be available and you might need to use an alternative connectivity like the dial up or modem. MT4 platform is the least expensive if you're on a modem. To even reduce further the inter-net band width usage navigate to marketwatch (Short-cut Key press CTRL+M), Right Click on any instrument, Select 'Hide all', now the platform will only stream the bitcoin crypto price quotes for the pairs which you only need & 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 Platform for Bitcoin online.

The easier it is to connect the easier it is open and close trades on time.

Provided by all Online Brokers

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

Easy Analysis

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

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

Best BTCUSD Crypto Charts

The MT4 has the Best Platform for Bitcoin charts representations available and 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 MetaTrader 4 within one hour makes this the Best Platform for Bitcoin for new & experienced traders.

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