Bitcoin was created in , and since its launch, t he cryptocurrency trading hype has been picking up. Especially, after its all time high with its a Cryptos are known for its price volatility and developments. At that time, it was not easy for the traders to invest or trade in cryptocurrencies, as it is in today’s market. Whether you are a bitcoin fan or not, you have to admit that this virtual currency offers a wide range of profits both in the long-term and short-term view. Technical traders like to look at and analyze graphs. Great software for graph analysis is MetaTrader or TradingView. Dec 03, · Top Metatrader 4 or MT5 Brokers That Offer Bitcoin Trading A few others make use of online forex platforms to trade Bitcoin against the USD or EUR or Bitcoin Estimated Reading Time: 4 mins.
Trading bitcoin metatraderHow to Trade Cryptocurrency in MT4 - Beginners Guide
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. For Muslim traders, the broker provides swap-free or Islamic accounts. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus. In , FXOpen launched its online trading platform.
The brand InstaForex was launched in Currently, the forex broker has more than 3,, customers. Further, over 1, customers open accounts every day. They enable ECN forex trading, contracts on derivatives and other instruments. Maximum Leverage — Minimum Lot Size — 0.
Pepperstone, an execution-only forex as well as CFD broker , provides trading solutions that cater to both veteran and novice traders.
Founded in , the company has its headquarters located in Melbourne, Australia. Pepperstone offers CFDs on Indices. AvaTrade, a pioneer in the field of online forex trading from onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20, registered customers executing over 2,, trades in a month around the globe.
Spread: From 0 Pips. Spread: floating, from 0 pips. Spread: The Spread can be as low as 0. MT4 and MT5 have powerful charting tools to assist you in making trading decisions. In this walk-through we will show you, how to start trading cryptocurrency in MT4.
Why MT4? Well, it is the most popular and used trading platform out there in the Forex market. So f ollow the below-mentioned steps and you can easily make your start on the Crypto CFDs market:.
After completing these steps, you can trade with your favorite cryptocurrency pairs on MT4. The choice is entirely up to you, to invest either in a psychical Bitcoin or trade cryptos CFDs. Aside the trading practices, you need to also learn about risk management and money management.
Do you have questions? Let us know in the comments section below. Publish on AtoZ Markets. Cryptocurrencies have moved from a stage where a founder had to remain anonymous, to one where founders now have audiences with presidents; something most of us will never experience. Some countries have accepted cryptocurrencies in various degrees, and these are seen as discrete endorsements that will surely cause cryptocurrencies to become a permanent feature of our lives.
The supply of Bitcoin and other cryptocurrencies is finite. When the supply of an item is restricted and demand starts to bludgeon, prices will increase. When speculation is added to the mix, then we will see more of the steep rise-fall patterns which have been seen on the charts in Furthermore, the exchange of cryptocurrencies for money is a growing business that is spreading to areas of the world where they were completely unknown a few years back.
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.