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Finally

  • #1
  • First Post: Dec 14, 2007 7:34am Dec 14, 2007 7:34am
I have asked many people here ,visited many websites for see reviews of brokers and now i decided mbtrading is good for beginners. But again i want suggestion of all seniors. Mbtrading offering $500 deposit and i know .10 lot (trade size 10000) is available. Is any body trading micro lot with them ? are u facing any problem during execution like order pending (price are already reached to your define order), platform freezing,hanging,crashing etc.
I have $500 to start. Iam trading demo since three month(with fxopen). this month i have made 45% on demo drawdawn 4%, minimum risk 2%. I have a close watch on mbtrading demo also not too much different.
Do you think mbtrading demo is diffrent from live ? are spread same widen as live on demo during news ?
Please answer.
Let's trade together.
  • #2
  • Dec 14, 2007 7:58am Dec 14, 2007 7:58am
Check out their main thread. It gives all the info you need.

http://www.forexfactory.com/showthread.php?t=10002

You'll find a lot of info by simply using the Search feature rather than waiting for someone to reply to your post.
  • #3
  • Dec 14, 2007 8:12pm Dec 14, 2007 8:12pm
Quoting FXBaby
I have asked many people here ,visited many websites for see reviews of brokers and now i decided mbtrading is good for beginners. But again i want suggestion of all seniors. Mbtrading offering $500 deposit and i know .10 lot (trade size 10000) is available. Is any body trading micro lot with them ? are u facing any problem during execution like order pending (price are already reached to your define order), platform freezing,hanging,crashing etc.
I have $500 to start. Iam trading demo since three month(with fxopen). this month i have made 45% on demo drawdawn 4%, minimum risk 2%. I have a close watch on mbtrading demo also not too much different.
Do you think mbtrading demo is diffrent from live ? are spread same widen as live on demo during news ?
Please answer.
u get partial fills once in a while. other than that no problems. its just that for me i am in a unique position as i am using relatives account since my province is not accepeted by mbt. its kinda of a hassle for me to withdraw, deposit funds.

other than that its excellent.
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  • #4
  • Dec 14, 2007 11:25pm Dec 14, 2007 11:25pm
Quoting FXBaby
I have asked many people here ,visited many websites for see reviews of brokers and now i decided mbtrading is good for beginners. But again i want suggestion of all seniors. Mbtrading offering $500 deposit and i know .10 lot (trade size 10000) is available. Is any body trading micro lot with them ? are u facing any problem during execution like order pending (price are already reached to your define order), platform freezing,hanging,crashing etc.
I have $500 to start. Iam trading demo since three month(with fxopen). this month i have made 45% on demo drawdawn 4%, minimum risk 2%. I have a close watch on mbtrading demo also not too much different.
Do you think mbtrading demo is diffrent from live ? are spread same widen as live on demo during news ?
Please answer.
You can trade micro lots (1,000) on MB; I've done it. I think you just put in a size of .01 if I'm remembering correctly. Also, the live platform is FAR superior to the demo. They don't seem to care that much about maintenance on the demo, and who can blame them? Better to keep the live paying clients happy. Plus, there are probably far more people on the demo server than the live one, so there is more stress on the server and hence, more tech issues.

Hope that helps! Best wishes on your trading...
  • #5
  • Dec 15, 2007 6:26am Dec 15, 2007 6:26am
Quoting TC East
You can trade micro lots (1,000) on MB; I've done it. I think you just put in a size of .01 if I'm remembering correctly.
Minilots(10,000) are MB standard contract sizes, so 1 micro = 0.1 mini

Quoting FXBaby
I have asked many people here ,visited many websites for see reviews of brokers and now i decided mbtrading is good for beginners. But again i want suggestion of all seniors. Mbtrading offering $500 deposit and i know .10 lot (trade size 10000) is available. Is any body trading micro lot with them ? are u facing any problem during execution like order pending (price are already reached to your define order), platform freezing,hanging,crashing etc.
I have $500 to start. Iam trading demo since three month(with fxopen). this month i have made 45% on demo drawdawn 4%, minimum risk 2%. I have a close watch on mbtrading demo also not too much different.
Do you think mbtrading demo is diffrent from live ? are spread same widen as live on demo during news ?
Please answer.
A $500 account is too small to apply proper money management if you are planning to open an account with MB.
  • #6
  • Edited 1:04pm Dec 15, 2007 8:41am | Edited 1:04pm
Quoting jjk2
u get partial fills once in a while. other than that no problems. its just that for me i am in a unique position as i am using relatives account since my province is not accepeted by mbt. its kinda of a hassle for me to withdraw, deposit funds.
other than that its excellent.
Sir, i donot understand your mean partial fills. Please specify. again u say "i am in a unique position" i didnot get u here again. Iam not new in trading(but new in forex). Please specify it. Give me an example please. I will thankfull to u.
Quote
By kihl
A $500 account is too small to apply proper money management if you are planning to open an account with MB.
Yes it's true but i can trade 0.1 mini lot with them whose trade size (1000) can be open with only $10 which is 2% of 500. This is my money management. My risk 2% on each trade.
I want to check broker honesty because I also want to an IB. For me my clients are important.
If broker is honest from his side then i can give him more than 200 client in six month only.
That's why i have joined forexfactory. I supposed this is forum of traders. But Marlin some brokers agents are also availble here. They makes me confuse because i donot have much experience how to choose broker in this field. Stock market is legal and when broker cheates his clients then Indian SEBI (just like FCM and NFA) takes strict action against them. But when talk about forex, it is unregulated.
Quote
By TC EAST
They don't seem to care that much about maintenance on the demo, and who can blame them? Better to keep the live paying clients happy.
Who cares demo ? It's only for practice. Just like movie retake of shot is possible But live is just like one day match. Batsman doesnot get other chance if he lose his wicket. Practice makes perfect but live introduce u with real world.
Let's trade together.
  • #7
  • Dec 15, 2007 2:18pm Dec 15, 2007 2:18pm
Quoting FXBaby
Who cares demo ? It's only for practice. Just like movie retake of shot is possible But live is just like one day match. Batsman doesnot get other chance if he lose his wicket. Practice makes perfect but live introduce u with real world.
Yes, I know this bro. I was simply responding to your question earlier of "Do you think mbtrading demo is diffrent from live ?"

You did want responses didn't you??
  • #8
  • Dec 16, 2007 6:37am Dec 16, 2007 6:37am
oops......
sorry. I asked that and u responced.
Thanks sir.
Again i want to ask u about micro lot (0.1 lot trade size 10000). Have u traded them ? Do u get any problem with them ?
Again what's mean of partial fills ?
Thanks again.
Have happy trading.
Let's trade together.
  • #9
  • Last Post: Dec 16, 2007 1:35pm Dec 16, 2007 1:35pm
Quoting FXBaby
oops......
sorry. I asked that and u responced.
Thanks sir.
Again i want to ask u about micro lot (0.1 lot trade size 10000). Have u traded them ? Do u get any problem with them ?
Again what's mean of partial fills ?
Thanks again.
Have happy trading.
No problem FX. Yes, I have traded micro lots with no problem at all. But micro means 1,000 of currency, not 10,000. A "mini" lot is 10,000 (which you show above).

Partial fills just means just that, that if you place an order for 1 standard lot for example (100,000), you might only get filled on 5 minis (50,000), 4 minis, 3, etc. Honestly though, I've never experienced a partial fill on any order at MB Trading. I have had that happen at another broker however, so that's how I know what it is.

Hope that helps...
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