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Biggest Spread in MBTrading

  • #21
  • Apr 13, 2008 3:42pm Apr 13, 2008 3:42pm
Quoting mdetlh
type in one of the krona pairs after 5 EDT. and look at 100 pip spreads throughout the night. ie usd/nok, usd/sek.
There are better ways of trading than the news and hoping that you gamble the right way. I 've been impressed with the quick fills when I traded the news at MBtrading, but it isn't a consistently winning strategy. It is a live account.
Trade the support resistance and trendlines, sell the rallies with the yen and buy the dips with the Euro.
and look out for the Euro to drop, after the G7 summit, since they won't lower rates to prop up the USD, and the USD won't prop itself up in spite of the wheres the beef comments from Paulson.
I would have to agree with you. All though I do not trade to many krona pairs I do like to trade about 5-10 mins after the announcement when trends start to develop.
  • #22
  • Last Post: Apr 14, 2008 4:17pm Apr 14, 2008 4:17pm
Quoting foremy
Hello Guys.. I'm just wanna share about MBT. They are ECN broker and some people claim MBT is the best broker for News trading. I've tried to trade demo account with them, and although MBT do have fast execution (1-3 sec), but their SPREAD are HUGE during NEWS time. At FOMC interest rate this 18 march'08, i got 40 pips spread for GBP/JPY. How can I gain profit with this (not mentioned the commission). Even oanda didn't have such big spread. Please share your comment and biggest spread experience with MBT (with news time, pips, pair). Thanks guys...
theres nothing you can do about it.
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