Trade Bitcoins Using MetaTrader4 MetaTrader4, also known as MT4, is one of the most popular electronic trading platforms for online retail traders. MetaQuotes Software developed the groundbreaking platform in and it has become the most popular software among forex brokers. Oct 16, · Bitcoin Trader Metatrader 4 Cryptocurrency Indicator. The Bitcoin Trader MT4 indicator is a buy/sell signal indicator that can be used for Bitcoin trading or any other cryptocurrency. The indicator follows the Bitcoin trend for any time frame of your choice. A bullish Bitcoin trend occurs when the indicator draws a blue line on the chart. Jul 28, · The listing of other assets such as indices, stocks and commodities, paved the way for the inclusion of futuristic assets on the MT4 forex platform. So when some forex brokers started listing the.
Bitcoin mt4 platformHow to Buy Sell Trade Bitcoin, Ethereum on MT4 or MT5 Forex Platforms
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. 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. 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.
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. Leverage, which offers a lot of flexibility, gives forex brokers an advantage over exchanges. You can get a leverage of up to or on an exchange.
Forex brokers offer a leverage of Some brokers may offer even more on Bitcoin trades. 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 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:. FBS, an international forex broker, has a presence in over countries.
The online forex company boasts of 2,, traders clients and , partners. With more people placing demand on Bitcoin, Ethereum and other cryptocurrencies, there will surely be demand-based price movements to the upside and downside. Cryptocurrencies can also be traded using the time-tested methods of technical analysis. Not all forex platforms feature cryptocurrency pairs for trading, so you have to take some time to pick one that does if you want to trade cryptocurrencies on forex platforms.
If you have found one, especially one which is offered on the MT5 series, then you can simply open an account, fund it, practice on demo and later on, start trading with real money. Here is a walk-through on how to setup your cryptocurrency trading on the MT5. This shows the assets listed in the platform. This opens the list of cryptocurrencies. You can also select each cryptocurrency pair individually. These cryptocurrency pairings will be available for trading once this process is completed.
Some speculators are involved in cryptocurrency exchange business. Here, they exchange cryptocurrencies from their wallets to those of other traders when prices are high, and buy them again when prices have fallen. In this manner, they aim to make a profit. However, this method presents a lot of risks.
When you trade on forex platforms, many of these risks are reduced to the barest minimum. The benefits are very clear. If you should trade cryptocurrencies, do it from a forex platform.