And, most likely, the vast majority of the audience already knows, since publications regularly appear in the media about new peaks that conquered the quotes of these financial assets, as well as a yield of several hundred percent per annum.

With the help of this material, you will learn how cryptocurrencies are traded through a broker and what profit can be expected as a result of such activities.

Digital trading with cryptocurrency brokers

Initially, it was believed that earning in this area can only be done by computing, that is, by mining cryptocurrencies. But mining recent months becomes less profitable and has a longer payback period than before. In addition, in the event of a possible rollback of the cryptocurrency price, this period may increase even more.

With the advent of cryptocurrency exchanges, the situation has changed. From that moment on, the possibility of the speculative appeared.

How does this happen? For example:

1. You bought bitcoin at the beginning of the year for $900.
2. Sold in August for $4,500.
3. Net income in this case will be 3600 dollars.

Now let's dwell on the question of why it is more convenient to trade through a broker, and not through cryptocurrency exchanges.

Convenience of Cryptocurrency Brokers for Beginners

First of all, we note that cryptocurrency exchanges are not suitable for beginners:

1. The trading platform of the exchange is designed for users who are familiar with the range of assets and indicators.
2. The exchange does not start with 10 dollars. Here, in addition to the commission for the transaction, there is a fee for maintenance and use trading platform, as well as full lots.
3. In addition, digital currency exchanges are not perfect and are not always able to withstand cyber attacks.

It happened that work on financial market ended, and it was almost impossible to return your funds:

• In 2013, one of the largest exchanges, Mt.Gox, ceased to exist and did not return funds to traders.
• A similar situation happened in 2017 with the BTC-e digital exchange.

In contrast, a brokerage company is always regulated. For example, AMarkets is controlled by the international Financial Commission, which insures clients' deposits up to $20,000 for each claim. In addition, the broker has offices where clients can always contact and resolve any issues.

And most importantly, you can start trading with a broker both with a minimum deposit and on a virtual account using a free platform.

For those who want to trade through cryptocurrency exchanges, replenishment of the trading account with minimal costs will be a big obstacle.

If you do not yet have a special wallet for storing virtual currencies, then you will need to use an online exchanger. As a result, losses will amount to about 10% of the transfer amount.

At the same time, funds can be deposited to the broker's trading account in any convenient way, and without commission.

On the cryptocurrency exchange, trading is carried out online on the website, in a professional program. There is no separate software for opening deals and conducting market analysis.

Brokers offer their clients the MetaTrader 4 platform - this is the most popular intuitive program in the world, which has a huge number of analysis tools built in, a news feed is connected, and autotrading scripts.

This functionality greatly simplifies the process of making trading decisions.

Cryptocurrency brokers: how to get started with them?

Let's take an example of one of brokerage companies. You need to take three simple steps:

1. First, register on the Amarkets web resource, it will take only 1 minute - you need to specify your full name, phone number and email address.
2. Next, in personal account you should open an account for trading and download the Metatrader 4 terminal, in which you need to enter data to connect to the account.
3. After these steps, you should replenish your account in any of the convenient ways.

For trading, you will have access to 8 major cryptocurrencies with the largest capitalization, including both the well-known Bitcoin, Ethereum and Litecoin, as well as the lesser-known Monero, Ripple, Dashcoin.

Each of them deserves attention, can be used for daily speculative trading and for long-term investment.

Prospects for cryptocurrencies

Virtual money is an asset for which everything is just beginning.

For example, it costs only about 25 cents per this moment, but its technology is already used by the world's largest banks to optimize and speed up their transfer processes.

At the moment, it is being actively discussed that Vietnam and Australia will follow the example of Japan and recognize bitcoin as an official means of payment. In the case of a positive solution to this issue, we will see the continued rapid growth of cryptocurrencies.

In addition, many world-famous stock exchanges, such as the Chicago Option CBOE or the Moscow Exchange, are planning to launch derivatives financial instruments, which will be based on cryptocurrencies - ETFs or options.

Therefore, answering the question of how much you can earn on cryptocurrency trading, you can talk about tens and even hundreds of percent of the initial capital.

Let's take a simple example:

In January, the trader had $5,000 in his account and bought 3 bitcoins at a price of $900 each. The price gradually began to rise. After the news from Japan on April 1, growth began to accelerate:

1. In May, one bitcoin was already given $2,500, that is, the profit at that time was $4,800, or almost 100% of the initial investment.
2. In August, quotes were already at around 4,500 per bitcoin, that is, the profit is equal to 11,800 dollars!

The trader earned about 300% in six months. From the bank of such profitability would have to wait 30 years. Moreover, this was done with very low risks - no more than $ 300 per transaction.
The cost of other cryptocurrencies has also increased significantly over the current year.

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, having only Bitcoin free, to work in Metatrader?

Before Bitcoin and MT4 were not compatible

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

Of course, not immediately and not all brokers made such a gift to their traders. However, over time, cryptocurrencies such 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 replenishment

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

I want you to understand, forex brokers do not allow you to buy and sell bitcoin through MT4. You cannot just 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 or Forex trading in MT4. In bitcoin CFDs, you don't own bitcoin per se either. 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 understand, 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, in a year or two, you will make a profit if the bitcoin rate grows by that time. In this case, please note that you do not need to provide security, what bother the owners of real bitcoin, keeping the keys "under the pillow" , conditionally speaking.

Of course, you need to choose the right broker, however, having chosen, you work calmly without the nerves that your bitcoin will be stolen by computer hackers. By the way, many cryptocurrency exchanges have sinned with this.

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The emergence of new digital funds, called cryptocurrencies, has significantly expanded the opportunities for a trader to earn money. This is explained by the fact that they, just like ordinary currencies, can be quoted relative to any other assets (including precious metals, energy, etc.). About the features of trading in MetaTrader Bitcoin and any other cryptocurrency, will be discussed later.

Best Broker

In fact, each cryptocurrency is an information chain containing data on all transactions made with a particular cryptocurrency unit since its generation. Such a sequence is called a blockchain, and it provides, first of all, a high-level security of all ongoing trading operations, allowing you to track them all. To store cryptocurrencies, special electronic wallets are used, which, in turn, are protected by cryptographic methods.

The main advantage of cryptocurrencies is the absence of the need to involve an intermediary when transferring them between different wallets.

One of the most famous cryptocurrencies is Bitcoin, as it was the first to be put into use. To obtain it, a process called "mining" is used. It consists in providing the hardware capabilities of the user's personal PC to perform certain resource-intensive tasks. After each execution of a certain part of them, the minimum unit of Bitcoin is credited to the user's crypto wallet. However, it can be earned even without a powerful computer system - for this it is enough to have Forex trading skills and correctly predict the further dynamics of a cryptocurrency future, which is a Bitcoin quote relative to any real asset.

How to trade Bitcoin in MT4

This can only be done through those brokers that provide quotes with this cryptocurrency. At the same time, the sale and purchase does not imply the receipt or return of Bitcoin by the trader, but represents the conclusion of a contract for the purchase or sale, followed by the opening of the opposite contract (which closes the previous contract) in the future. These contracts are settled in the currency of the trading account (not necessarily the one against which the cryptocurrency is quoted).

You can check the possibility of trading Bitcoin through a broker by registering with him, downloading the MT4 terminal, launching it, logging in to it and opening the “Symbols” window (Ctrl & U). It contains a list in which all assets available for trading and analysis are indicated by a ticket - an abbreviation for the quote and base currency. The abbreviation for Bitcoin is BTC.

Often all cryptocurrency pairs are located inside the same folder of the "Symbols" window, which has a characteristic identifier in the name. For example, in fig. 1 shows such a list, in the folder name of which there is the name of the base cryptocurrency (often the word "Crypto" is used as an identifier).

In order for the required quote from Bitcoin in MT4 to be displayed in the "Market Watch" window (it is from it that the corresponding chart is opened), it is necessary to select its ticket and click "Show".

Features of Bitcoin trading in MetaTrader 4

Before concluding trading operations, it is advisable to familiarize yourself with the specification of the selected asset with Bitcoin in MT4. To do this, use the "Properties" (or "Specification") command, called in the "Symbols" window or from the context menu of the "Market Watch" window. On fig. 2 shows a list of properties for the BTCEUR crypto pair, from which it can be seen that, compared to conventional currency pairs, Bitcoin in MT4 has fewer trading parameters - 10 versus 16 for AUDUSD (however, some cryptocurrency assets may have even more properties than conventional ones). currency pairs). In addition, Bitcoin trading in MT4 can be carried out 24/7/365 (i.e. even on weekends and holidays).

The rest of the trading process does not have any differences - the trader needs to correctly predict the dynamics of the asset, conclude an appropriate deal on it and close it upon reaching the intended goal. The resulting profit will be proportional to the difference between price levels opening and closing positions.

There are certain differences in the analysis process. This is explained by the difference in factors that affect the value of Bitcoin and determine the value of the quoted currency. For example, events such as:

• investing large capital in the cryptocurrency sphere;
• changes in legislation relating to the regulation of the circulation of cryptocurrencies;
• actions of hackers aimed at resources that ensure the operation of digital currencies.

At the same time, it is much easier to analyze Bitcoin in MetaTrader, since quite a few factors influence its dynamics. Because of this, the Bitcoin quote chart in MT4 has a specific look - often there are:

• gaps;
• sequences of the same type of candles;
• very narrow flats (the quote changes by only a few points over several candles).

For example, in fig. Figure 3 shows a fragment of the M30 graph, which contains all of the above features. Therefore, in the used trading strategies forex trading needs to be adjusted. It should also be noted that the spread in MetaTrader for Bitcoin is usually larger than most other forex assets, so using scalping in Bitcoin trading is not practical.

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Having made the decision to trade on the cryptocurrency market, a trader is faced with a choice - to trade directly through the exchange interface or through the MT4 trading terminal. Today we will talk 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 range of cryptocurrencies, well-thought-out functionality and a reliable security system. Thanks to this service, Bitfinex is one of the most convenient trading floors in the cryptocurrency market.

To gain access to all the functions of the exchange, including the ability to withdraw funds in dollars, you must pass verification. 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). You can also act as a lender to other traders, providing them with your funds for trading.

There is a wide range of order types:

• Limit- the transaction is carried out indicated price or 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 that 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: the 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 terms of repayment of the loan.

Why the MT4 terminal is good for those who want to trade cryptocurrencies

Trading on the exchange through a broker using the MT4 terminal has some advantages compared to conducting transactions 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.

On the exchange, it is quite difficult to short short an instrument, because, as a rule, there are certain restrictions for such operations (for example, rather high commissions).

In this sense, everything is much simpler for a broker: 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, trade restrictions are removed and profit opportunities are expanded.

Users of the MT4 terminal can choose suitable conditions for themselves: trade freely both short and long, 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: commission size, spread size, options for transferring a position in a day, leverage size.

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 used in the Forex market are effective: technical analysis, 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. You can use any trading strategy, depending on the personal preferences of the trader, his knowledge and experience.

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

- in front of you is an automated robot for acquiring cryptographic Bitcoin coins. Trading is carried out only on the specified available cash. Base element trading system the grid is better known for players in the Forex market and binary options- Martingale. The work of the adviser is carried out on market orders with MagicID. In the process of using this program, you should work on a VPS server, the cost of opening an order may decrease or increase from 1 to 2 dollars.

There are features of using Bitcoin Rocket that every trader should keep in mind. First, the player should not use the leverage, the second, if the amount of the deposit is insufficient for trading, the most effective is the replenishment of the trading account, for the further functioning of the adviser.

• Operates exclusively on its own orders, even if the player has decided to conclude transactions manually.
• You can start the robot with different parameters, using a unique Due to which, each trader will be able to customize the system to suit their trading style.
• Easy to use at the same time, it has a small number of parameters for setting, at the time of the formation or increase of the swap, the recalculation of the size of the TP by the size of the swap begins.
• Fully automated advisor, allows the player not to follow the work of the program stably while in front of the monitor.
• It is characterized by increased resistance to temporary disconnections or PC shutdowns. When the device is turned on again, the program automatically picks up orders and continues to conclude transactions.
• An ideal solution for both large and small trading accounts.
• Shows better results at short time intervals.
• Works on any TF.
• Can be used by beginners and experienced players.
• Logs are kept on orders and errors in languages ​​(Russian, English, French, German) in the program.

Trading algorithm of the program

Trading is carried out only if there is free margin, and the more it is from the trading account, the better. For the formed account, the TP is calculated according to a certain formula:

TP + fee + swap

The grid is built with “PriceStep” steps, while the lot size of a further order is set and increased by the lotsep value.

An account number specially generated for a given robot in order to show its functions. To do this, one manual transaction was formed, the deposit was replenished, and everything else was carried out automatically. Now, as for the results, in this case, the profitability for the first calendar month was 4.72%, but the program showed 5.45% profitability from the starting size of the trading account. And pay attention, such data was obtained during the current flat on the market.

In the event that there was volatility in the market, one could count on big profits. Of course, if you wish, you can increase the profitability of the program, for this you need to make changes to the “PriceStep”, as well as increase the “LotStep”, replenish your account, and tune in to scalping, that is, set a take profit from three to five dollars

In future versions, users can count on adding new indicators, which will significantly increase the profitability of the adviser.

Disadvantages of Expert Advisors for Cryptocurrency Trading on MT4

First of all, it should be said that the Metatrader 4 trading terminal is designed exclusively for margin trading. This suggests that the user is deprived of the opportunity to purchase cryptographic coins for fiat currencies. At the moment, cryptocurrency trading on the MT4 platform is not yet very popular. This is due to certain disadvantages.

The first and main drawback is the high commission costs (0.5% per trade or 1% per round, that is, for buying and selling). The commission for a full circle is charged immediately after the opening of the transaction. If we compare the size of commissions with the exchange, then trading through MT4 is more expensive. Costs are almost two and a half times higher. Therefore, the use of advisors for scalping completely loses all meaning.

The second drawback is the market type of order execution. Basically, investors use limit orders. Accordingly, their absence becomes the reason that the required volume is not opened on the first attempt, this is also confirmed by customer reviews.

Benefits of Using Expert Advisors to Trade Cryptocurrency on MT4

The first strength is the availability of leverage. If you are an ardent opponent of leverage, you can always choose a ratio of 1:1, thereby effectively disabling this option. At the moment, the maximum leverage provided is 1:3. However, in the future, the leverage will increase.

Of course, the benefits of working with leverage are obvious. For example, if you have a $1,000 deposit, you could buy 1 Bitcoin with that amount. However, the presence of leverage allows you to purchase about 3 Bitcoins.

In addition, the investor will always be able to open additional trading operations, while using the floating profit from the deposit. Naturally, the exchange does not provide such functions.

The second advantage is the implementation of the option to trade in short; today, it is impossible to open such transactions on exchanges. The third advantage is the availability of tools for technical analysis, in fact, the automation of the trading process, which is what we are talking about. In the list of standard instruments, the investor will receive everything necessary for technical analysis. The MQL4 programming language provides an opportunity to independently develop Expert Advisors for cryptocurrency trading in MT4.