ᐅ How to Trade Cryptocurrency in MT4 Beginners Guide

automated trading

When you buy Bitcoin via an exchange, you will be required to open and secure a crypto wallet. You will fully own the coins and can benefit from forks that generate ‘dividends’ for Bitcoin holders. Bitcoin is the most popular in the world of cryptocurrency.

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However, a key decision traders make when they are starting out is if they are going to focus on technical or fundamental analysis strategies. Some traders utilise a blend of both, especially if both strategies suggest similar information. Evident from its history, the price of bitcoin can appreciate as quickly as it depreciates. Traders with a high-risk appetite are drawn to volatile assets that have the potential to reap huge rewards, or equally huge losses. However, whilst some traders rely on luck, others utilise a structured approach based on experience and knowledge. Some traders short assets to hedge the risk of their larger portfolio.

The gateway to trading and investment wisdom

The 5 trading platform has low system requirements and can run on any operating system. Trading crypto through the MT5 trading terminal does not require any special skills or special abilities. Understanding the basics of the cryptocurrency market and having a profitable strategy is all you need for successful trading.


Identify the best technical setups on your Bitcoin chart using Trading Central which is integrated on all our platforms. Bitcoin and other cryptocurrencies are inherently volatile. The good days are cherished, but the bad days need not be stressful. By using this tax-harvesting trick, you will be able to reduce your tax liability when Bitcoin prices fall. For instance, if you bought 1btc at $40,000, but the price is now $35,000, and you sell it, you will have realised a loss of $5,000.

How to Invest in a Physical Bitcoin?

When the ‘Bitcoin Whales’ decide to hold their stores of Bitcoin, they effectively remove their share from circulation, and from trading activity. This reduces the amount of Bitcoin being bought and sold, which in turn affects pricing. When supply exceeds demand, prices go down, and when demand exceeds supply, prices go up. Long-term investors comprise 56% of Bitcoin holdings, 18% of Bitcoin has been lost, traders make up 15% of holdings, and 11% of Bitcoin remains to be mined. We offer a leverage of up to when you trade Bitcoin or any other cryptocurrencies. This means that you can extract and maximise your trading during marginal price changes or when you have limited capital.


However, the methods below are all categorised as types of derivative trading except from the traditional method of shorting via an exchange. MetaTrader 5 is not backward compatible with MetaTrader 4, which means that EAs and indicators developed for MT4 will not work on MT5. We reserve the right to determine which blockchain and cryptocurrency unit have the majority consensus behind them. If you are long, for Bitcoin you will pay a daily overnight funding charge of 0.0556% (20% per Annum) for positions held at 10pm UK time. For Ether/Bitcoin, Bitcoin Cash/Bitcoin and Crypto 10 you will pay 0.0625% (22.5% per annum).

Install and log in to MetaTrader 4

For example, if you already hold bitcoin but you suspect it is due to fall in the short term, you may decide to open a position to short sell bitcoin. If you are correct, the profit from your short position can reduce or exceed your loss from your long position. When shorting bitcoin, the aim is to sell the cryptocurrency at a high price and buy it back at a lower price. Unlike most traders who like to buy low and sell high, short sellers adapt the order of this philosophy and aim to sell high and buy low.

However, short selling is not for the novice trader as it carries different risks to buying bitcoin. This article will teach you how to short bitcoin, where you can do so and what to look out for. As a CFD brokerage firm, we do not provide crypto wallets to store your Bitcoin. We simply provide access to intuitive platforms for you to trade real-time price changes of Bitcoin. Some traders that short bitcoin expect cryptocurrencies to be a short-term trend and hold bearish sentiments towards the bitcoin bitcoin metatrader market. These short-sellers tend to stay up to date with the latest bitcoin and blockchain advancements and not let opinions interfere with their objectivity.

Trade Bitcoin with confidence

Don’t miss out on the opportunity to make https://www.beaxy.com/s off the crypto volatility. SuperForex provides traders with exclusive benefits, which makes us one of the better Forex brokers th at trade cryptocurrency. By utilizing our MT4 trading platform you get the opportunity to trade the most popular cryptocurrencies. HotForex is an award-winning STP commodity and forex broker that provides services and trading tools to both private and institutional clients. When shorting bitcoin, traders can use many types of analytical strategies. These strategies vary by type of analysis, time frame and risk appetite.

  • The program constantly monitors the situation on the market, analyzes the information received and helps you in making the right decision.
  • It also allows for the creation of custom indicators and expert advisors .
  • Trade in crypto currency will be of interest to all those who for whatever reasons do not want to resort to the services of a broker and disclose information about themselves.
  • Forex4you is one of the best MT4 crypto brokers and the firm is officially registered in the British Virgin Islands and is regulated by the FSC.
  • Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.

Carrying out a reasonable policy, you can easily and quickly earn a crypto currency. Be sure to work with charts because MT5 offers such a wide functionality! The material is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is financial, investment or other advice on which reliance should be placed.

Bitcoin is an extremely volatile asset, characterised by unpredictable price swings and large price movements. Bitcoin’s value reached a high of over $19,000 (£14,000) but then fell to DOGE around $7,000 (£4,900) in a matter of months. Traders can attempt to take advantage of its volatile nature by short selling bitcoin.


Forex markets run 24 hours a day, 5 days a week for retail traders, but not for institutional traders. Forex trading takes place from 5PM EST Sunday to 5PM EST Friday for retail traders. Most people find it a bit confusing to purchase physical bitcoins and to protect their wallets. Moreover, this is often not suitable for traders who are used to margin trading like in the FX or CFDs market. Since buying and selling cryptos on crypto exchanges is not easy as with a trading platform in FX.

You can also trade CFDs on stocks, indices, oil & gas, commodities, cryptocurrencies, ETFs and metals. 89.1% of retail investor accounts lose money when trading CFDs with this provider. Brokers supporting the display of bitcoin graphs and other cryptocurrencies are getting larger in numbers mainly because of their increasing popularity. Check the currencies overview to see if you can see BTC with your provider as well, as it is very likely.

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