Metatrader bitcoin. Is this the right currency

Having made the decision to trade on the cryptocurrency market, the trader is faced with a choice - to trade directly through the exchange interface or through the MT4 trading terminal. Today we will tell you about the features of trading through the MT4 terminal on the Bitfinex exchange.

Briefly about the Bitfinex exchange

Bitfinex is one of the most popular in the world. More than 22 million users visit it every month, among which professional traders prevail, not amateurs.

The exchange was registered in Hong Kong in October 2012 and offers its users a wide selection of cryptocurrencies, well-thought-out functionality and a reliable security system. Thanks to this service, Bitfinex is one of the most convenient trading platforms on the cryptocurrency market.

Verification is required to gain access to all exchange functions, including the ability to withdraw funds in dollars. To do this, you will need to fill out a special questionnaire, send scans of an identity document (for example, a passport), and confirm the address of residence (using scans of utility bills).

Trading opportunities on Bitfinex

On the exchange, you can exchange one currency for another, make transactions using only personal funds, and resorting to margin trading (using leverage). It is also possible to act as a lender for other traders by providing them with your funds to trade.

There is a wide range of order types:

• Limit- the transaction is carried out at the specified price or at the best value, if available on the market.
• Market- the transaction is carried out at the current market price.
• Fill or kill- a limit order, which is canceled if it is not executed within the specified period.
• Stop order- executed when the price reaches the specified level.
• Stop Limit- a combination of a limit order and a stop order: execution of one of them automatically cancels the other.

A feature of Bitfinex is that when trading on margin, a trader receives a loan not from a broker, but from other traders and investors who are ready to lend their funds at interest. They have the right to independently set the amount of interest and the timing of the loan repayment.

Why MT4 terminal is good for those who want to trade cryptocurrency

Trading on an exchange through a broker using the MT4 terminal has some advantages over trades through the platform of the exchange itself. These advantages are important, first of all, for traders who like to actively speculate using short and long positions.

It is quite difficult to take an instrument in short without coverage on the exchange, because, as a rule, there are certain restrictions for such operations (for example, rather high commissions).

With a broker, in this sense, everything is much simpler: a trader can open a short position even if he does not have the required currency, but there is a sufficient amount of collateral on the account. Thus, restrictions on trading are removed and the opportunities for making a profit are expanded.

Users of the MT4 terminal can choose suitable conditions for themselves: freely trade both short and long, and get good leverage.

When choosing a broker for trading cryptocurrencies through the MT4 terminal, first of all, you need to pay attention to the following conditions: the size of the commission, the size of the spread, options for transferring the position in a day, the size of the leverage.

Features of the analysis of the cryptocurrency market

The cryptocurrency market is still very young and actively developing, so buying strategies on pullbacks are promising.

As for market analysis, the same techniques that are successfully applied in the Forex market are effective: technical analysis figures, trend lines and indicators, levels, volumes (VSA). To analyze volumes, it is convenient to take data from the Bitfinex exchange.

You can also apply fundamental analysis. Any trading strategy can be used - depending on the trader's personal preferences, knowledge and experience.

Thus, the cryptocurrency market provides traders with almost unlimited opportunities for making a profit, and the MT4 terminal is very convenient for trading on it. It is great for anyone who wants to actively trade with digital currencies and make money in this market.

Greetings, my dear friends! Today we will turn to the topic of cryptocurrencies, and I will tell you how to find Bitcoin in MT4. And also, is it possible to work in Metatrader with free only Bitcoin?

Previously, Bitcoin and MT4 were not compatible

In general, Bitcoin is very young. Not so long ago, brokers did not allow this cryptocurrency to be traded. It was difficult to find one or two brokers who worked with Bitcoin transactions. However, they did not accept the bitcoins themselves.

Of course, not immediately and not all brokers made such a gift to their traders. However, over time, such cryptocurrencies as Litecoin, Ripple, Etherium and others also began to appear in the form of quotes and charts in the MT4 terminal.

Brokers with Metatrader start accepting bitcoins as payment for account funding

Of course, there is nothing strange in the fact that one day a broker created a wallet for himself and began to accept bitcoins as a means of replenishing an account. Thus, this was already a new step towards convergence of Bitcoin with MT4.

I want you to understand that forex brokers do not allow buying and selling bitcoin via MT4. You cannot simply take and receive bitcoins from a broker to your wallet for storage. Also, you cannot sell your bitcoins to a forex broker. You can fund your brokerage account. This money will form the basis of your future CFD trading or forex trading on MT4. In contracts for difference for bitcoin, you also do not become owners of bitcoin as such. Yes, you can profit from a trade. You can increase your capital, there, by 20-30-100 percent and then withdraw funds from your brokerage account in the same bitcoins. But, as you can imagine, this will not be a direct purchase or sale of cryptocurrency.

However, CFDs provide all the benefits of owning bitcoin without actually owning it. That is, by buying a contract for difference today, and closing it, say, a year or two later, you will make a profit if the bitcoin rate grows by that time. In this case, please note that you do not need to ensure safety, what the owners of real bitcoin do when they keep the keys "under the pillow" , conditionally speaking.

Of course, you need to choose the right broker, however, having chosen, you calmly work without the nerves that your bitcoin will be stolen by computer hackers. This, by the way, was the fault of many cryptocurrency exchanges.

(1 estimates, average: 5,00 out of 5)

If you turn to dubious companies that position themselves as cryptocurrency brokers, it is highly likely that you will lose all your money.

Secondly, even if you trade directly through crypto exchanges, there is no guarantee that this site will not close. In recent years, there have been several such cases, of which the most notorious was the "paralysis" of BTC-e in connection with the arrest of Alexander Vinnik.

The combination of MetaTrader and Bitcoin is safer in this regard, since Forex dealing was originally created to serve retail clients, and not with the aim of laundering dirty money earned by owners from hacking, fraud and other similar schemes.

Other benefits of trading Bitcoin with MetaTrader

Of course, there are exceptions, but I repeat, we are talking strictly about large companies whose activities are under the scrutiny of various regulatory bodies and special services. An example here is a broker whose monthly turnover is tens of billions of dollars (not to be confused with profit).

Even if this company did not have the appropriate licenses, its foreign exchange operations would in any case fall under the monitoring of the authorities. Cryptocurrency exchanges are less transparent in this regard due to the specifics of the bitcoin network itself.

And, thirdly, when trading Bitcoin through MetaTrader, it is easy to carry out input / output operations on the account, which cannot be said about ordinary crypto-exchanges.

Here I also want to remind you about the problems with the "cashing" of bitcoins, because withdrawing them to the wallet is half the battle, you still need to convert them into native rubles, dollars or euros.

When buying Bitcoin in MetaTrader, a trader does not face such a problem, since the financial result of the operation is immediately taken into account in the deposit currency, which can be easily withdrawn through popular payment systems, bank cards, accounts and other details.

By the way, in September 2017, on the open spaces of the Russian Internet, the news about how a serious accusation was brought against a group of Russian bitcoin cashiers was quite actively discussed.

Despite the fact that the cryptocurrency was mentioned there simply "by the way" (in fact, only the amount of transactions mattered - more than 500 million), the fact remains that everyone who used this illegal exchanger (without even knowing about its status) got in the field of vision of organs.

This example clearly demonstrates the level of development of this area in Russia, so I repeat - if the task is simply to make money on the price fluctuations of the cryptocurrency, it is better to use Bitcoin in MetaTrader, since in this case it is possible to legally withdraw profit.

This is about the advantages of Forex companies relative to crypto exchanges, so now you need to remember the specifics of specific brokers that provide bitcoin trading via MT4.

As I noted earlier, this tool is in the line of a well-known Russian company.

Specificity of Bitcoin contracts in MetaTrader

From a technical point of view, trading Bitcoin in MetaTrader is no different from operations with currency pairs, so close attention should only be paid to the specification of the relevant contracts. I noted the following points for myself:

• You cannot trade "crypt" on weekends (for some it is a minus);
• The spread for Bitcoin is $ 13.5 (this is normal given its volatility);
• When a position is rolled over to the next day, a swap of 18% per annum is charged.

Thus, it is unprofitable to simply buy and "hold" Bitcoin in MetaTrader from Alpari, since the annual percentage eats up a decent amount, but thoughtful medium-term operations can bring tangible profits.

And another large company that has a "cue ball" is known to Russians under the brand. Its trading conditions have several fundamental differences from Alpari, in particular:

• On weekends, it is allowed to carry out operations with Bitcoin in MetaTrader;
• You can connect, which nullifies swaps (this item will be of particular interest to long-term users);
• The spread for Bitcoin is $ 40 and is periodically reviewed (i.e., it is not floating, but changes by the decision of the dealing department).

Conclusion: Alpari is suitable for medium-term and short-term trading, while InstaForex is a good option for long-term transactions.

By the way, it is convenient to trade Bitcoin in MetaTrader for one more reason - many advisors and indicators have been written for this terminal, i.e. the trader has ample opportunities in terms of automation. On crypto-exchanges with robots, everything is much more complicated (some craftsmen create them, but they are not available to the general public).

From the article you will learn:

Good afternoon, dear traders, guests of my blog, and a special hello to my dear regular readers. Every time I take on new material, my readers inspire me. Communication with you in letters to me, in the comments, energizes me when I am very tired, when it’s late and I want to sleep, I have the strength to keep looking for the freshest topics, the most relevant headlines, the most practical advice.

Best Broker

For some time now I have been puzzled by the search for an explanation of the true nature of some indicators, and also I have been imbued with questions about bitcoin mt4 - this pair available in some metatraders. Therefore, I decided to talk about how I trade on this pair. Tell me what I think about trends and flats on this pair. Tell you what will determine the trend until the end of 2017. I found out about this on the Internet and what I see on the pair confirms this.

I want to advise you that my recommendations are not completely correct and the only ones. If you study the issue of mt4 bitcoin, then I am sure that you can find a dozen more ways to make money on this currency. But today we are talking about my thoughts, I think you can extract something useful for yourself and make a number of useful conclusions, as I did when I was preparing the material for this page.

I must note that metatrader is not the only place, conditionally speaking, where you can make money on bitcoins. Now there are a lot of startups - venture projects of various kinds that help to make money on bitcoin and with their involvement.

You need to start with the fact that the currency itself can be mined, as gold diggers did in their time. However, now this will require not a shovel and a pick, but a very powerful computer, which must execute some program commands, during which complex mathematical problems are solved. The result of this work of your computer is the generated code, which, in fact, is the coveted bitcoin. Don't forget about the service. Don't want to trade on your own in mt4? Earn on signals.

Watch

I must say that modern bitcoin is a rather gray currency. Just as 90% of all dollars carry the cocaine trail, a significant portion of the price of bitcoina in metatrader is composed of the demand of drug dealers, arms dealers, and distributors of child pornography. The fact is that this currency is not controlled by the state, so huge amounts are laundered with its help, we are talking about billions of dollars. In this case, the elimination of any criminal sales market immediately affects the price and lowers its value. So, for example, when the authorities shut down the secret criminal site Silk road, where it was possible to buy drugs, weapons and other prohibited things for bitcoin, the price of bitcoin in mt4, including all over the world, on the same day on October 2, 2013 fell from 120 dallars for bitcoin (in metatrader and everywhere, I emphasize) up to $ 100, and during the day dropped below $ 80 apiece. Yes! On such days, it is probably good to get out of the drawdown with the help of Martingale. What exactly? Find out at the link!

As you can see, the currency is quite contradictory.

What affects its cost

Once upon a time, when the price of bitcoins was not yet so high, one guy asked another to buy a pizza for $ 25, for which he paid 10,000 bitcoins to the other. Now this amount would bring its owner several million dollars.

What has made the price of the currency soar so high since 2008, when it was created by the enigmatic Japanese Satoshi Nakamoto?

It is believed that there are three main factors that determine its popularity. Political, economic and media.

There are two or more political factors. Serious financial crises that make the dollar or yuan an unstable currency and trigger a definite response - the desire to hide your savings in a safe place. On the other hand, the authorities of many countries respond with loyalty to this currency. They even say that it was invented by cunning programmers serving the US government. Their goal is to transfer the whole world to cryptocurrency and rid the country of external debt. An unusual idea! Truth? And the unusual one that can be found on the page by the link is your pass to the world of completely unusual charts.

The economic reasons are the opening up of a large market in China for bitcoin, attention from reputable venture capital funds, as well as other market participants such as PayPal and Western Union.

The media factor determines the involvement of an increasing number of users in this topic. By fanning interest, media channels drive up the price of bitcoin.

After analyzing the data of some authoritative publications, I found information that will be relevant right up to the end of 2017. The fact is that some experts believe that by that time bitcoin will be worth more than $ 4,000 per unit.

I would say that now the analysis of the chart suggests that this is quite likely. This means that we can take the growth of quotations as the main trend, and during a flat we can expect an exit from the consolidation towards an increase. Of course, it is good for technical analysis to be confirmed by fundamental factors. And - this is, in general, an opportunity to look into the future!

We consider the specification of the contract, and how to find bitcoin in mt4

I must say, I am almost sure that after reading this page, and I advise even in time, you will want to turn to metatrader 4 to take a closer look at this tool. I recommend that you go to the Amarkets website using this link and download mt4 from them. This will definitely allow you to get the desired instrument on a demo account.

After downloading the program and installing it on your computer, you need to run it and remember how I talked about how. This is exactly where you need to start. In the Market Watch window, we find the symbol in the Bitcoins section, BTCUSD. I must say right away that this is exactly the bitcoin that you can read about on any page on the Internet, this is exactly what you need in order to analyze its price, apply indicators, invest in certain strategies and, of course, set a goal - make money.

Flat method of calculating goals based on Stochastic

Now, I want to please you! I want my reasoning to lead you to some at least approximate trading plan. I'll start right away by remembering: you don't need to try to get a lot of profitable trades, since there is a high probability of a large number of losses.

Instead, it is better to focus on rare but profitable trades.

You can take profit on bitcoins in metatrader both by flat and trend. At the same time, it is better to take only upward microtrends and tendencies for both flat and trend.

Let's get acquainted with the flat system for determining targets based on the Stochastic.

I draw your attention to the fact that I have not yet proposed such an approach to working with the Stochastic, and even with the two stochastics. You can judge for yourself the effectiveness of the approach.

I want to note that there are a lot of points on this chart, plus lines and levels. But once you understand the approach, you can answer the rather tricky question of how to correctly set your price targets.

So, imagine that the chart has just approached point 3. We are working only in the direction of the upward movement. Therefore, on the segment from point 1 to point 3, the following events have already occurred. The maximum is organized at point 1. The minimum is at point 2 and at point 3 the graph begins the ascent. How to determine the goals, how many points should be expected from this movement. This can be done using simple measurements of how much distance is left from point 3 to the level of point 1. However, we may need to calculate the risk to reward ratio, so this can also be done using the Stochastic. The distance from the third point to the first is about 45 candles. This is exactly the setting we make in Stochastic. The deceleration needs to be set to 1 so that the readings are what we want them to be. The third parameter can be set whatever you like or left by default. You need to navigate along the blue line.

Now our Stochastic shows how many percent of the movement 2-1 has already passed in the upward direction, our price in the segment 2-3. Note, if the trend was downtrend, then the stochastic would show how much the price passed in shares from the minimum to the maximum not directly, but through the formula 100 minus the stochastic readings. For example, if the chart goes down, and the stochastic shows 80, then the price has passed from a minimum to a maximum of 100 percent - 80 percent = 20 percent.

Judging by the horizontal line through point 4, we already have 40 percent. Up to a hundred is 60 percent left. Distance from 2 to 1 - (609.98 - 592.59) * 100 = 1739 points. If 40 percent has already been passed, then there are 1739 points left - 1739 points / 100 * 40 percent = 1043 points. This will be our goal from point 3 up. Again, the stop loss to take profit ratio is 40 to 60, which is 1 to 1.5. And all this with the help of one Stochastic !!! Great, isn't it !?