But with MetaTrader 5, traders are able to invest in this market in different ways that aren’t always available through exchanges. On the average cryptocurrency exchange, trading amounts to the direct purchase of cryptocurrency, either with fiat currency or with a different digital currency. With MetaTrader 5, however, crypto trading works differently and is split into two different methods. That is to say, you buy a given quantity of crypto to hold in a digital wallet with the hope that it will gain value and you can eventually sell it for a profit. Below, we’ll discuss the available methods in greater detail. The first option on MetaTrader 5 is to trade in crypto via currency pairs, much as one would engage with the forex market. How Can You Trade Crypto On MetaTrader 5?

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As stated, this is a type of investment that has become more popular among Indians. Those projections have since come to fruition, with Bitcoin at the time of this writing being valued at just over $35,000. It is always important to enter an investment with skepticism and to conduct a proper analysis. It may also be an asset class on the rise. For the time being, though, all indications are that crypto trading is going to continue to appeal to Indian investors. Despite struggles in recent years, crypto forecasts started to look more optimistic this past summer, when experts projected Bitcoin to go on a bull run toward $35,000 or more. Whether this upward trajectory will continue is impossible to say with certainty.

Here are the easy steps for beginners on Metatrader 5 to start with it. 1. Conduct thorough research on the cryptocurrency market by following leading news sources like The Crypto Times. 1. Open an MT5 Account. 4. Right-click on the Market Watch window within the platform. Leverage: Select the desired leverage size. 5. After right-clicking, choose the “Symbols” tab from the menu. 7. The cryptocurrency pairings you have chosen should now be visible in the Market Watch window. 6. In the Symbols tab, select “Crypto” from the list of available asset categories. Here are some precautions one should take before investing in cryptocurrency. Cryptocurrency Selection: Choose the specific cryptocurrency you want to trade. Account Top-up: Add the required amount of fiat money to your trading account.

This method concerns only Bitcoin, which, while somewhat limiting, suits the Indian market; this is the most popular cryptocurrency, and as of 2022, it was still the case that more Indians buy Bitcoin than any other digital asset. As the pairing shifts, your investment will gain or lose value accordingly. The average allocation among crypto portfolios is 12.12% (with Dogecoin. For example, the popular pairing BTC/USD sets Bitcoin against the U.S. On MetaTrader 5, you have the option of engaging in this kind of indirect Bitcoin investment via several prominent pairs, including BTC/USD, BTC/KRW, and BTC/JPY. Buying into this pair at a value of, say, $35,000 means you are buying it at a point when 1 BTC is equal to $35,000.