Part 19 Meta Trader 4 – How to trade Bitcoin in MetaTrader

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The cryptocurrency revolution continues to unfold and the price of the first digital currency Bitcoin has hit astronomical highs in 2020. And, everyone is looking out for ways and means to ride the wave and make money. One way of doing it is to buy Bitcoin or other cryptocurrencies like Litecoins, Etherium, or Dash and then sell them when the price is right.

The other option is to trade Bitcoins on large numbers of exchanges that have popped up in the recent times. Those who trade Bitcoins on exchanges involve in scalping as it experiences a high level of price volatility. While some of the traders do massive volumes of trading volumes, some others exercise a great deal of caution and trade only when certain trends are observed.

Top Metatrader 4 or MT5 Brokers That Offer Bitcoin Trading

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A few others make use of online forex platforms to trade Bitcoin against the USD or EUR or Bitcoin CFDs. On exchanges, you will have to actually buy the digital currency. When trading on forex platforms Bitcoin is considered as an underlying asset. Therefore, you are not actually required to own the cryptocurrency. From the trader’s point of view, this is a much superior way of trading Bitcoins when compared with trading on exchanges.

Security and Safety

Though Bitcoin exchanges present scores of options, they are unstable and are prone to scams. A majority of these exchanges that have come up following the launch of Bitcoin have closed down. This has resulted in many investors losing their hard earned money. A few of these exchanges are of course reliable, but a vast majority of them are scams.

You may argue that the same things can be said about the online forex brokers as well. However, the fact is that the situation is much better as far as forex trading industry is concerned. This is because you can always choose to work only with regulated brokers. Such forex brokers are bound by the law to stick to certain stringent stipulations and meet capital adequacy norms. They are also required to clients’ funds in separate accounts to ensure safety and security.

Costs

In the case of online forex brokerages, all the costs related to trading are often built into the spread. The spread varies depending on volatility. In the case of Bitcoin exchanges, the spreads are usually tighter, but in addition to the spread commissions are also charged based on volume. In many situations, the cost of trading the Bitcoin may be more or less the same.

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Leverage

Leverage, which offers a lot of flexibility, gives forex brokers an advantage over exchanges. You can get a leverage of up to 1:2 or 1:3 on an exchange. Forex brokers offer a leverage of 1:20. Some brokers may offer even more on Bitcoin trades.

Coin Variety

In this regard, the exchanges may be superior compared to online forex brokerages. However, the non-availability of coin variety is not really a cause for worry when you work with some of the best forex platform providers.

MetaTrader 4 and MetaTrader 5 Platforms

MetaTrader 4 and MetaTrader 5 trading platforms are offered by many online forex brokers. In fact, MT4 and MT5 are considered as the forex market standard. This is not just a random decision. The MetaTrader platform is technologically advanced and offers enhanced security to enable trader open and close positions without worrying about platform stability. There are several other features as well that make MetaTrader platform the best choice for forex and Bitcoin trading.

Having said this, here are some of the best Metatrader 4 and MetaTrader 5 forex brokers that offer Bitcoin trading:

MetaTrader 4 Web Trading

Trade Forex directly from your browser

The MetaTrader 4 web platform allows you to trade Forex from any browser and operating system (Windows, Mac, Linux) with no additional software. Access your account and start trading in just a couple of clicks. All you need is Internet connection.

The MetaTrader 4 web version has all the advantages of the native solution since it is a regular part of the desktop platform. This ensures the web platform’s high reliability and compatibility with the entire MetaTrader 4 ecosystem. The application is safe to use – all transmitted data is securely encrypted.

MetaTrader 4 web trading features

  • Trading directly via a browser
  • Compatibility with any operating system
  • Reliable data protection
  • One Click Trading
  • History of trading operations
  • 30 indicators for technical analysis
  • Graphical objects
  • All types of trading operations
  • Real-time quotes in Market Watch
  • 9 timeframes

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Bitcoin Trading

Start Trading Bitcoin with CMT

Bitcoin is a digital coin, designed to be transferred between people in virtual transactions. It exists only as data and not as physical objects; you cannot actually hold a Bitcoin in your hand or keep it in your home. Now is the right time to get into Bitcoin trading as it still offers a very lucrative investment opportunity.

Don’t miss your opportunity to trade Bitcoin.

How to Trade Bitcoin

Trading Bitcoin is very easy and can be done in a few easy steps. The first thing you need to do is choose a top regulated broker so that your funds stay safe and secure. Next: open an account, make a deposit, and start trading.

All access to trading the cryptocurrencies is done through a trading platform, such as MetaTrader 4. Cryptocurrencies and Bitcoin are generally traded against the US Dollar. It should be noted that trading Bitcoin with a broker means trading contracts for difference (CFD’s), without physically owning the asset; in fact it potentially enables a person to take profits in both rising and falling markets.

When it comes to trading bitcoin strategies, just like any other, it is a market asset. Therefore, it can be affected by the same basic and psychological factors as other financial instruments. All cryptocurrencies are volatile and make great trading assets for all traders.

Any trader starting to trade Bitcoin should take the time to study the news and learn how the market reacts to it, since news and events do influence crypto coins on the markets.

What is Bitcoin

Bitcoin is a payment system that was introduced to the world in 2009. It is the first decentralized digital currency, and is currently the largest of its kind based on overall market value. It uses technology to transfer from one person to the next, without the use of central banks. Bitcoin crypto is open-source, nobody owns or controls Bitcoin and everybody can take part in it.

Bitcoin has many features that were not available prior to its technology. Such as all transaction information is kept anonymous and private, this includes the identity of the people involved in each transaction. It is impossible to trace where the funds have been transferred to. In addition, there are very little transaction fees and transfers are done within seconds.

Bitcoins are created by miners. Mining is the process of making the digital coin. It involves the technology and legitimate data which creates it. Miners use a computer to process the power to maintain the blockchain and verify the transaction. These crypto coins can then be transferred globally from what is called a wallet, to another wallet. A transaction is a transfer of value between Bitcoin wallets, that is then included in the Blockchain.

What is a Bitcoin wallet? It is a secret piece of data called a private key, which is used to sign transactions, requiring mathematical proof that they have come from the owner of the wallet. You can then trade bitcoin as often as you want.

When you own one, or part of the digital coin, it means you have the approval and agreement of every computer on that particular network that it is legitimate.

Top Reasons to Trade Bitcoin

  1. Increase in digital and mobile payments.

Paper money is slowly being used less and less. PayPal and Skrill are some examples of recent paperless ways of sending transitions online. Bitcoin is faster and easier to use. It is being more and more accepted worldwide, and more retailers are starting to accept bitcoin.

Governments are slowly increasing their acceptance of the digital coins.

When Bitcoins first hit the markets regulators and governments were very skeptical, with time this has changed.

For example, Japan has recently announced that it recognizes bitcoins as legal payment methods. Australia and Russia are moving in the same directions. Several banks are looking to the technology and solutions for managing the high demands of bitcoins today and in the future.

Bitcoins worldwide image is improving

While in the past people though the anonymity of Bitcoin led to criminal activity, it has now been proven that Bitcoin has stood strong during the test of time. International institutions, top retailers and investors are now involved in bitcoin trading.

Demand for bitcoin highest in today’s market

Around the world the demand for cryptocurrencies is growing. The demand for bitcoin. is high even in emerging markets, since bitcoins are seen as a stable alternative to cash. Some countries like the USA, Japan and Brazil have the largest bitcoin economies in the world.

Why Trade Bitcoin with CM Trading

Bitcoin is a payment system introduced to the world in 2009 was the first digital currency to be created. It is also the most respected, capitalized, and traded cryptocurrency in the world. Bitcoin trading is booming, and a big reason for this is the volatility of this cryptocurrency.

Here are some advantages for trading bitcoin with CMT:

  • We offer Bitcoin CFD trades with up to 1:50 leverage
  • Start with as little as $250 deposit
  • Bitcoin trading is available 24/5
  • Safe and secure network since there is no chance of hacking or theft, you are trading on the asset not actually purchasing it.
  • CM Trading is an international regulated broker
  • Bitcoin has proven to be a volatile asset and great for traders to diversify their investments.
  • Several leading banks are looking into the possibility of introducing the technology behind the digital coin payment system to the banking system.

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