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MB Trading Futures - Introduction

  • #1,501
  • Dec 25, 2007 9:51pm Dec 25, 2007 9:51pm
The EFX webinars on Navigator are torture for me to sit through. MB Tradings Navigator is identical and they have first class comprehensive webinars here:

http://www.mbtrading.com/fx/Webinars.asp


Quoting Max Thrax
Justin the EFX guy,

First off, I have a 4 year degree and an IQ of 132....but your software makes me feel really, really stupid.

The tutorials provided show a different software altogether than the one I downloaded called 'EFX Navigator'. Did I download the wrong one? Do I have to meditate on a mountain in Nepal to understand? Or is it something that will become clear to me when I die and melt into the great energy pool again?

I demoed for a year w/ FXCM, but scare stories made me reconsider them just as I put the money together for a real account. Heard lots of good things about you guys and MB Justin, but my experience w/ your software has me reconsidering going w/ either of you. What gives?

confusedly yours,
Max
  • #1,502
  • Edited 11:13pm Dec 25, 2007 10:17pm | Edited 11:13pm
Quoting Max Thrax
Justin the EFX guy,

First off, I have a 4 year degree and an IQ of 132....but your software makes me feel really, really stupid.

The tutorials provided show a different software altogether than the one I downloaded called 'EFX Navigator'. Did I download the wrong one? Do I have to meditate on a mountain in Nepal to understand? Or is it something that will become clear to me when I die and melt into the great energy pool again?

I demoed for a year w/ FXCM, but scare stories made me reconsider them just as I put the money together for a real account. Heard lots of good things about you guys and MB Justin, but my experience w/ your software has me reconsidering going w/ either of you. What gives?

confusedly yours,
Max


It sure is confusing since you look at video of another platform that is still in beta and not available. You have to watch the webinar.

http://www.efxgroup.com/liveChatWebinars.php



You can also find videos on Mbtrading that cover different functions of the platform.
http://www.mbtrading.com/fx/Webinars.asp
  • #1,503
  • Dec 26, 2007 1:32am Dec 26, 2007 1:32am
why can't i get my orders filled? GTC held?
  • #1,504
  • Dec 26, 2007 10:24am Dec 26, 2007 10:24am
Quoting lite
why can't i get my orders filled? GTC held?
Maybe it has something to do with the holidays. Liquidity is usually low during this time.

Also, you'd be better off contacting their office about order problems. You can wait a long time for an answer by posting urgent problems in the forum. Always contact the office about things like that.
  • #1,505
  • Dec 26, 2007 9:40pm Dec 26, 2007 9:40pm
Max, Navigator is the order interface that I thought you were referring to when I referred you to the Navigator webinars. The new software that's supposed to exit beta and be released to all of us in Jan. is called Remote trader. I see now they have released some instructional tutorials for remote trader:
http://www.efxgroup.com/tutorials.php

Oh man these look like nice tutorials even I could learn from!

Anyway Remote Trader will have tick charts and the order interface together with a bunch of other great features all in one piece of software...for free! If you're interested in EFX you might just want to
wait a few weeks for the release.



Quoting Max Thrax
Justin the EFX guy,

First off, I have a 4 year degree and an IQ of 132....but your software makes me feel really, really stupid.

The tutorials provided show a different software altogether than the one I downloaded called 'EFX Navigator'. Did I download the wrong one? Do I have to meditate on a mountain in Nepal to understand? Or is it something that will become clear to me when I die and melt into the great energy pool again?

I demoed for a year w/ FXCM, but scare stories made me reconsider them just as I put the money together for a real account. Heard lots of good things about you guys and MB Justin, but my experience w/ your software has me reconsidering going w/ either of you. What gives?

confusedly yours,
Max
  • #1,506
  • Dec 27, 2007 1:01pm Dec 27, 2007 1:01pm
Poocher, I was talking about navigator and the link you provided were exactly what the doctor ordered, goin through em now. Thanx.
  • #1,507
  • Dec 27, 2007 3:49pm Dec 27, 2007 3:49pm
Max I don't have a degree or a high I.Q. so it was nice to hear you struggled with the Navigator at first. I felt extremely stupid trying it at first.

Remote Trader by the looks of the tutorials will be a lot more intuitive to learn...hopefully!
  • #1,508
  • Dec 27, 2007 3:57pm Dec 27, 2007 3:57pm
Will this be flash-based? I hope there would be PDA version too.

I'm at home with the Navigator already, but it won't allow me to work behind network at my work.

Quoting Poocher
Max I don't have a degree or a high I.Q. so it was nice to hear you struggled with the Navigator at first. I felt extremely stupid trying it at first.

Remote Trader by the looks of the tutorials will be a lot more intuitive to learn...hopefully!
"People sometimes mistake luck with skill"
  • #1,509
  • Dec 27, 2007 4:25pm Dec 27, 2007 4:25pm
The software and your account are accessed through any computer via a browser. I don't know if that's "flash" and yes you're supposed to be able to trade through your mobile phone.
  • #1,510
  • Dec 27, 2007 4:27pm Dec 27, 2007 4:27pm
No, I mean Macromedia/Adobe Flash. Thanks.

Quoting Poocher
The software and your account are accessed through any computer via a browser. I don't know if that's "flash" and yes you're supposed to be able to trade through your mobile phone.
"People sometimes mistake luck with skill"
  • #1,511
  • Dec 27, 2007 4:32pm Dec 27, 2007 4:32pm
Navigator is very difficult to get a grasp on, IMO.

MT4 is going to be the industry standard within the next year or so, and the most reputable firms will adopt it by the end of the first quarter, why not get used to a staple platform like that?

MB Trading is a great firm, hopefully they will be adopting the MT4 platform soon like FXDD, and soon to change, GAIN Capital.
  • #1,512
  • Dec 27, 2007 4:36pm Dec 27, 2007 4:36pm
I'm considering FXCM too, they'll have MT next year.

Quoting BostonForex
Navigator is very difficult to get a grasp on, IMO.

MT4 is going to be the industry standard within the next year or so, and the most reputable firms will adopt it by the end of the first quarter, why not get used to a staple platform like that?

MB Trading is a great firm, hopefully they will be adopting the MT4 platform soon like FXDD, and soon to change, GAIN Capital.
"People sometimes mistake luck with skill"
  • #1,513
  • Dec 27, 2007 4:41pm Dec 27, 2007 4:41pm
Quoting 20pips
I'm considering FXCM too, they'll have MT next year.

FXCM is another great firm of which I do business with. They will also have the MT4 platform next year.

FXCM's current platform beats the Navigator IMHO, but the firm will go through the roof once its release of MT4.
  • #1,514
  • Dec 27, 2007 10:46pm Dec 27, 2007 10:46pm
Quoting BostonForex
Navigator is very difficult to get a grasp on, IMO.

MT4 is going to be the industry standard within the next year or so, and the most reputable firms will adopt it by the end of the first quarter, why not get used to a staple platform like that?

MB Trading is a great firm, hopefully they will be adopting the MT4 platform soon like FXDD, and soon to change, GAIN Capital.
Actually, if you read back a bit in this thread, you'll find that Justin explained very clearly why they can't use MT4. Basically, MT4 is designed for Dealing Desk brokers, and EFX is an ECN.

I love MT4 charting, too, and the indicators are fantastic. I wouldn't go so far as to say that it will be the industry standard, though. It may be popular with retail clients, but it's certainly not considered a standard by those with 7-figure plus trading accounts. At least, I don't remember Warren Buffet mentioning it.
  • #1,515
  • Dec 27, 2007 10:50pm Dec 27, 2007 10:50pm
Not quite true. CTN System's ChoiceFX allows MT4 to bridge to actual interbank markets w/ no dealing desk....

Quoting In2Blues
Actually, if you read back a bit in this thread, you'll find that Justin explained very clearly why they can't use MT4. Basically, MT4 is designed for Dealing Desk brokers, and EFX is an ECN.
  • #1,516
  • Dec 27, 2007 10:57pm Dec 27, 2007 10:57pm
Quoting In2Blues
Actually, if you read back a bit in this thread, you'll find that Justin explained very clearly why they can't use MT4. Basically, MT4 is designed for Dealing Desk brokers, and EFX is an ECN.

I love MT4 charting, too, and the indicators are fantastic. I wouldn't go so far as to say that it will be the industry standard, though. It may be popular with retail clients, but it's certainly not considered a standard by those with 7-figure plus trading accounts. At least, I don't remember Warren Buffet mentioning it.
I agree with you, MT4 = Retail and Currenex = Institutional/7-figure+ accounts...

MB Trading is an excellent firm, just that platform isnt the best IMO, I personally do small business with them and haven't had a problem yet.
  • #1,517
  • Dec 27, 2007 10:58pm Dec 27, 2007 10:58pm
Justin,

What are the chances of EFX using ChoiceFX from CTN Systems (with your existing liquidity providers) to integrate MT4?

Thanks....


http://www.ctnsystems.com/
  • #1,518
  • Dec 28, 2007 4:22am Dec 28, 2007 4:22am
Found here: http://www.mbtrading.com/netcap121807.pdf

I am interested to understand what the items on line 4, under Est Expenses is. I think I understand that 3d comm is likley the comission cut 3dfx sees, but what are "Minus Pnl", "m2m" and "dec"?

Thank you.
  • #1,519
  • Dec 28, 2007 9:08am Dec 28, 2007 9:08am
I don't know but they just kept emphasizing that the software could run from any computer that has Internet Explorer, or maybe they said any browser.

Quoting 20pips
No, I mean Macromedia/Adobe Flash. Thanks.
  • #1,520
  • Dec 28, 2007 9:55am Dec 28, 2007 9:55am
Quoting Poocher
I don't know but they just kept emphasizing that the software could run from any computer that has Internet Explorer, or maybe they said any browser.
Yes, the platform requires Internet Explorer to be installed on your computer. However, you can use any browser that has an IE plugin, such as Firefox (thank goodness).

As for Flash, I doubt that they would use Flash for the same reason that they aren't using Java. The overhead is probably too high (your computer's resources, I mean) and not everyone has the capability of loading flash graphics (or waiting for them to load, in many cases).

Flash would reduce execution speed tremendously, IMO.
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