18 July 2023
Trading cryptocurrencies on MetaTrader
Cryptocurrency trading is highly speculative, but this does not stop many traders from continuing to invest. The popular MetaTrader platform is known for trading currencies, stocks, and futures. Over time, more and more investors have become interested in cryptocurrencies and are testing their potential on this platform.
What is MetaTrader (MT)?
MetaTrader is one of the most popular trading platforms used by millions of traders.
Developed by MetaQuotes, MetaTrader has gained an impeccable reputation for its wide range of features, including technical and fundamental analysis, algorithmic trading, trade copying, and custom technical indicators. There are two versions of MetaTrader - MT4 and MT5, both of which are easy to use, intuitive, and reliable. You can download the trading platform to your computer, install it on your mobile phone (iOS and Android), or use the web version.
The software offers charting functions, a list of technical indicators, and a variety of order types. You can also use trading bots, automated strategies, and crypto signals.
You can trade Forex, stocks, metals, indices, futures, and, of course, cryptocurrencies. For investments, you can choose from Bitcoin and Ethereum, Solana, Cardano, Dogecoin, and many others.
Crypto trading on MetaTrader
MT software for cryptocurrency trading has numerous advantages. It is a convenient, reliable, and affordable platform. Let's take a closer look at it.
You can customize almost every aspect of trading on MT: change time frames, place orders at specific times, and program built-in indicators to suit your style.
Automation of transactions
You can develop indicators and Expert Advisors of any complexity for MT using MetaEditor or purchase a ready-made product from one of the developers.
Day or night, weekend or weekday - you can trade at your convenience. The platform allows you to manage and change your positions at any time, and when using an automated system, you can always observe and control the robot's actions.
How to trade cryptocurrencies on MetaTrader?
1. Open a crypto account with a broker.
2. Download the MetaTrader trading platform.
3. After installation, enter your account details.
4. Select currencies and start trading.
Tip: If necessary, you can set Stop Loss and Take Profit levels for each position separately.
MetaTrader has information sections where important stock market information is published - news, key events, and anything that may affect the market. Apply your theoretical knowledge in practice and watch the profits flow into your account.