Introduction to MetaTrader 4 Interface

The following screen shot below shows the main MetaTrader 4 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 MT4 platform software. This MT4 platform is the software that you will connect to your crypto broker with and execute bitcoin trade transactions and monitor your bitcoin trading account balance from this MT4 platform.

The Cryptocurrency MetaTrader 4 platform software is provided for free through the various crypto broker websites. This MetaTrader 4 software looks like the cryptocurrency trading example illustrated below:

The Main Areas of this MT4 platform as shown above are:

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

For this MT4 tutorial we shall look at a brief introduction for each of these learn cryptocurrency MetaTrader 4 platform:

1. Navigation Menus

The MT4 navigation menus are:

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

These are the main MT4 navigation menus that can be used to navigate the MetaTrader 4 software. As a beginner bitcoin trader you can start by just clicking any of these MT4 navigation menus to familiarize yourself with the various MT4 buttons that are arranged as MT4 sub menus within these MT4 navigation menus.

These MT4 navigation menus will be discussed in details in the next MT4 tutorials about navigation menus.

2. Tool Bars

The MT4 tool bars are used to manipulate MT4 cryptocurrency charts, either by placing MT4 cryptocurrency trading indicators, MT4 line studies, change MT4 crypto chart time frames and load MT4 template from a list of saved MT4 templates.

These MT4 tool bars will be discussed on other MT4 tutorials that will outline each MT4 button on this MT4 tool bar and how to add and customize these MT4 tool bars.

3. Chart Window

This MT4 cryptocurrency chart window is the main area where MT4 crypto charts are displayed and a bitcoin trader can analyze the bitcoin trend direction of a MT4 cryptocurrency chart whether up or down, place MT4 cryptocurrency chart indicators for technical analysis and even place orders from these MT4 cryptocurrency charts.

4. Navigator

MetaTrader 4 Navigator will contain information about MT4 trading accounts, whether demo or real, this MT4 window will also have a list of all the MT4 crypto indicators as well as MT4 Crypto EAs and scripts.

A bitcoin trader can select which MT4 cryptocurrency trading account to login by expanding the Accounts menu, choose an MT4 cryptocurrency indicator by expanding the MT4 cryptocurrency indicator menu or choose an MT4 Crypto EA by expanding the EA menu.

5. Market Watch

MetaTrader 4 Market watch is used to show streaming cryptocurrency price quotes for MT4 crypto trading instruments. This can list as many quotes provided by your MT4 crypto broker or a few selected by a bitcoin trader. To save internet bandwidth, right click inside the MT4 market watch window and select "Hide All", so as to hide the MT4 symbols that you are not transacting on this MT4 platform and save on internet bandwidth.

6. Terminal

This is the MT4 window that is like the bank account transaction area for your MT4 bitcoin trade transactions, on this MT4 window you can view your account balance, profit and losses statement, equity, margin used also retrieve a copy of all your MT4 bitcoin trade transactions history.

This MT4 window will also list all open bitcoin trade transactions and calculate all the profit and loss in real time as the crypto charts move up or down.

7. Connection Bar

MetaTrader 4 connection bars - Red bars are for no connection, green bars show that there is connection to the servers and MT4 bitcoin trade transaction orders can be placed. These MT4 connection bars should always be green when one logged into their MT4 demo bitcoin trading account or MT4 live account.

These MT4 platform main areas form the MT4 platform interface and will be the main areas to be covered in detail in the next learn MT4 tutorials. For now it is best to download MT4 platform software and familiarize yourself with the MT4 software interface.

Why Bitcoin Software is Required for Placing Bitcoin Trading Transactions with Crypto Brokers

bitcoin trading platform is the software that is used to access the btcusd trading market and analyze these btcusd price movements using crypto charts and cryptocurrency trading technical analysis tools. There are various reasons why a bitcoin trader requires to use a good bitcoin trading platform. A good bitcoin trading platform can determine if a as a bitcoin trader you make a profit or not.

So why does a bitcoin trader need a good bitcoin trading platform:

To connect to the Crypto Broker Trading Server:

To place a bitcoin trade order one needs to use a bitcoin trading platform that will connect to the trading servers of their cryptocurrency trading broker and this will allow them to open and close bitcoin trade orders. Good bitcoin trading platforms will connect with ease to the crypto brokers' servers and allow cryptocurrency traders to place cryptocurrency orders at any time from their computer.

To analyze crypto charts using cryptocurrency trading technical analysis tools

To place a buy or sell bitcoin order one needs to first analyze the direction of bitcoin using cryptocurrency charts. This is why all good bitcoin trading platforms provide cryptocurrency trading technical tools such as btcusd price charts, cryptocurrency indicators and various different crypto chart time frames from which one can analyze btcusd price moves using the crypto chart time frames of their choice.

From the above bitcoin trading platform interface, the summary of all information required by a bitcoin trader is provided on this MT4 platform interface

• Connection - connection to the crypto broker servers
• Charts -price graphs that display crypto prices
• Toolbars - tool bars to add tools and technical analysis indicators on crypto charts
• Market Watch - for displaying available financial instruments on MT4
• Data window - provides MT4 bitcoin trading account information and other indicator data
• Exchange rates - shows current market btcusd price on a crypto chart
• Menu bar - Shows all menu items on the MT4 platform