How to Bitcoin Trade
Let us you are a new bitcoin trader wanting to start bitcoin trading but you don't know what's bitcoin trading or even how to bitcoin trade. Well this tutorial will get you started explaining what you need to do before starting trading and tell you one or two things about how to bitcoin trade.
first thing you need to know when it comes to how to bitcoin trade are:
- Bitcoin Practice Account
- BTCUSD Trading Software
- Setting Up Bitcoin Guides
By following these three steps then setting up how to bitcoin trade becomes easy for you as a bitcoin beginner.
Cryptocurrency Demo Account
The first time as trader you start doing some research about bitcoin, you will be so confused as bitcoin trader that you do not even know where to start or what to begin with, even getting a demo cryptocurrency account and process of setting up this bitcoin demo bitcoin account will be confusing.
So to setup a demo cryptocurrency account you'll need to just follow these steps:
Step1: Find a good broker - Bitcoin demo cryptocurrency accounts are provided by bitcoin brokers
Step2: Go to this cryptocurrency broker and search for the link "Open demo bitcoin account" or "Open Bitcoin Practice Account"
Step3: Once you click this type of link, you will then arrive at a page where the cryptocurrency broker will ask you to fill your details so as to register for the demo bitcoin account, The details are your name, phone contact and e mail and country.
Step4: Once you fill your details on this form press the register button, once you finish this registration your cryptocurrency broker will then give you a 'username' for the account you have registered and a 'password' for the account. Along with this a broker will also provide a link where you can download their btcusd crypto platform. Click the link and download the bitcoin software.
BTCUSD Trading Software
For this step you'll then install the trading platform you have just downloaded.
To install bitcoin software
- Navigate to download folder(to go to download folder, maximize the firefox web-browser window panel & click key board shortcut key CTRL+J, this will bring a popup window panel of the download folder)
- Double-click the setup package of the bitcoin software you've just downloaded.
- Follow the instruction by clicking 'accept' & then click 'next', 'next'…. Until you get to 'finish' button, then click finish button key & your set-up is complete.
To Open the Bitcoin Crypto Currency trade platform
- Go to desktop and look for the short cut Icon for the Bitcoin platform, it should have the name or logo of the cryptocurrency broker. Or you can go to "Start menu" bottom left corner of your comp and form the programs menu look for the name of the bitcoin software.
- Once you Open the bitcoin crypto currency platform, then you need to login to your bitcoin platform:
- To Sign in
- Navigate to 'File' at the left top corner of the bitcoin platform
- A dropdown menu will appear, from the option look for 'login' press it
- A Username and Password Sign in window panel pops up, Input your password & username you got when you signed up with your cryptocurrency broker.
- If you forget your username & password, open your email account that you signed up with & you will have gotten an email from the broker where you can refer the username and password details.
- After you have logged in to your trading account, now you're ready to learn how to bitcoin trade & how to place trades using these bitcoin software.
How to Bitcoin Trade with the bitcoin Software
So as a beginner bitcoin trader it may seem complex but let us just look at some pointers on how to bitcoin trade this bitcoin software.
The first windows are market watch this is simple straight forward window that display bitcoin prices that you will be trading. You also can right click on any bitcoin price feed for example any MT4 symbol to open a display of a chart like the one above, the cryptocurrency chart you will open, press open Chart.
The Data window will show data about you logged in cryptocurrency account, & data of technical indicators as illustrated in the above screen shot.
The terminal will show account balance and all open trade, to expand this widow, hover your mouse until the cursor changes, then click & hold down mouse button key and move the mouse up.
Then there is the menu bars, example File, View…. If for example you want to hide the btcusd marketwatch widow, click view and uncheck/untick the btcusd marketwatch widow, the btcusd market-watch panel will disappear. To make it appear again click view again, then check/tick market watch panel, it'll reappear. Each button on this menu is self explaining for example charts button is a button that manipulates the charts opened, changes time-frame, generally all about charts.
To learn the complete cryptocurrency MT4 platform tutorial go to MT4 Bitcoin Guide & About Bitcoin Softwares.
By now you already know how to trade & can even place a buy or sell bitcoin trade on the bitcoin platform by right clicking anywhere on the cryptocurrency chart window above, then click trading, then open a new buy or sell bitcoin trade using the window panel that appears.
But because you don't know when a trader buys or sells a bitcoin instrument, and because you don't know how to bitcoin trade with market orders, you need to learn just a few beginners bitcoin tutorials to complete these how to bitcoin trade tutorial, & because these guide can't fit on this page here are the links to these how to bitcoin trade guides:
Setting Up Bitcoin Tutorials
1.How to Start Bitcoin trade for Beginner Traders an Online Bitcoin trade Tutorial
3.Online Bitcoin trade Guides & Bitcoin trade Education
4.Best Bitcoin trade Tutorials & Bitcoin trade Training Made Easy
9.Benefits of Spot Bitcoin trade
13.Best Bitcoin trade Platforms/ Best Bitcoin trade Software
14.Live Bitcoin Crypto Currency trading Trading Account Types
15.Bitcoin trade Demo Accounts/ Practice Trading
16.How to Trade Bitcoin/ Bitcoin trade How to Trade Bitcoin trade
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