Introduction to MT4 Interface

The following image below shows the main MetaTrader 4 software inter-face. 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 market is the MetaTrader 4 software software. This MT4 software is the software which you will connect to your broker with and execute bitcoin trade transactions & monitor your bitcoin account balance from the MT4 platform.

The Cryptocurrency MT4 platform software is provided free through the various bitcoin broker sites. This MT4 platform looks like the cryptocurrency example illustrated below:

The Main Areas of this MetaTrader 4 platform as illustrated above are:

1. MetaTrader 4 Navigation Menus
2. Tool Bars
3. MetaTrader 4 Bitcoin Chart Window
4. MT4 Navigator Window
5. MT4 MarketWatch Window
6. MetaTrader 4 Terminal
7. MetaTrader 4 Connection Bars

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

1. Navigation Menus

The MT4 navigating menus are:

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

These are the main MetaTrader 4 navigation menus which can be used to navigate the MetaTrader 4 platform. As a beginner bitcoin trader you can start by just pressing any of these MT4 navigating menus to familiarize yourself with various MT4 buttons which are grouped as MT4 sub menus within these MT4 navigation menus.

These MT4 navigating menus will be discussed & covered in details in the next MT4 guides about navigating menus.

2. ToolBars

The MT4 toolbars are used to manipulate MT4 charts, either by placing MetaTrader 4 indicators, MetaTrader 4 line studies, change MetaTrader 4 time-frames and load MT4 template from a listing of saved MT4 templates.

The MetaTrader 4 toolbars will be discussed on other MT4 guides that will outline each MetaTrader 4 button on this MT4 toolbar and how to add & customize these MetaTrader 4 toolbars.

3. Chart Window

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

4. Navigator

MetaTrader 4 Navigator will contain information about MetaTrader 4 accounts, whether practice or real, this MT4 panel also will have a list of all the MetaTrader 4 technical indicators as well as MT4 EAs and scripts.

One can choose which MT4 trading account to login by expanding the Accounts menu, choose an MT4 indicator by expanding the MT4 indicator menu or choose an MT4 EA by expanding the EA menu.

5. MarketWatch

MetaTrader 4 Market watch is used to show streaming bitcoin price quotes for MT4 instruments. This can list as many quotes which are offered by your MT4 broker or a few chosen by a bitcoin trader. To save inter-net band width, right-click inside the MT4 marketwatch panel window and select 'Hide All', to hide the MT4 symbols that you aren't transacting on this MetaTrader 4 platform and save on inter-net band width.

6. Terminal

This is MT4 panel that's like the bank trading account trade area for your MetaTrader 4 bitcoin trades, on this MT4 panel window you can view your trading account balance, profit and losses statement, equity, margin used and also to retrieve a copy of all your MT4 bitcoin trades history.

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

7. Connectivity Bar

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

The MT4 software main levels form the MT4 software interface & will be the main levels to be covered in detail in next learn MT4 guides. For now it is best to download MT4 platform software and enlighten yourself with the MetaTrader 4 software inter-face.

Why Bitcoin Software is Required for Placing Bitcoin Transactions with Brokers

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

So why does a trader need a good Bitcoin Crypto Software:

To connect to the Online Broker Server:

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

To analyze charts using trading analysis tools

To place a buy or sell bitcoin order a trader needs to first interpret the direction of bitcoin using charts. This is why all good bitcoin softwares provide cryptocurrency trade technical tools such as bitcoin price charts, indicators and various different time frames from which trader can analyze bitcoin price moves using the timeframes of their choice.

From the above btcusd crypto platform work space, the summary of all data required by a trader is provided on this MetaTrader 4 platform inter-face

• Connection - connection to the online broker servers
• Charts - price graphs that illustrate btcusd crypto prices
• Tool bars - toolbars to add tools & analysis technical indicators on bitcoin charts
• Market Watch - for displaying available instruments on MetaTrader 4
• Data panel - provides MT4 bitcoin account data and other technical indicator data
• Exchange rates - shows current market btcusd crypto price on a btcusd crypto chart
• Menu bar - Shows all menu items in the MetaTrader 4 platform

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