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MB Trading Futures - Introduction

  • #2,421
  • Aug 18, 2008 1:31pm Aug 18, 2008 1:31pm
Quoting forexpert
There are several newbies who are having trouble with forex trades and its charge. The stoploss is automatically set once you sign a contract with a certain leverage and spread. You don't have to worry about it but you have to make sure you read the fine-print that your broker gives you. That's something you should be more careful about and that's your chance to shop for the right brokers. Beware of certain once that gives you 400:1 leverage. I'll come in and out of this forum to educate further how forex works. Bye now!

And here is some advice for you: Better to keep your mouth shut and have other people think you are an idiot rather than to open it and remove all doubt. I'll come in and out of this forum to educate further how not to be a tool.
  • #2,422
  • Aug 18, 2008 3:51pm Aug 18, 2008 3:51pm
Quoting PhilipK
can anyone help, I don't see anything here about the ticker http://mbtrading.com/fx/mbtnavigator.asp


thanks

It doesn't seem like anyone has this problem however I'll check one more time

When I choose only "trades" in the ticker preferences, the ticker gets wiped out. (the trades don't print) Is there anyone at all that this is happening to?

thanks
  • #2,423
  • Aug 19, 2008 10:01am Aug 19, 2008 10:01am
Quoting PhilipK
It doesn't seem like anyone has this problem however I'll check one more time

When I choose only "trades" in the ticker preferences, the ticker gets wiped out. (the trades don't print) Is there anyone at all that this is happening to?

thanks


Justin, the folks on the live chat and the email support are great, it's just that there seems to be some confusion or inconsistency


Would it be possible to explain exactly how the ticker preferences work? I was told that the "trades" option doesn't work and it is mislabeled by one person and from another that it worked for them

all I want to know is what is happening when bid or ask or trade is checked off

thanks
  • #2,424
  • Edited 12:52pm Aug 19, 2008 10:27am | Edited 12:52pm
Quoting PhilipK
Justin, the folks on the live chat and the email support are great, it's just that there seems to be some confusion or inconsistency


Would it be possible to explain exactly how the ticker preferences work? I was told that the "trades" option doesn't work and it is mislabeled by one person and from another that it worked for them

all I want to know is what is happening when bid or ask or trade is checked off

thanks
If bid/ask is not checked...then you won't see prints on the right size of the Market Depth window - I believe that is all. It has no effect on the data coming through, it's just a visual tool.
  • #2,425
  • Aug 19, 2008 11:16am Aug 19, 2008 11:16am
Just keeping an eye on this thread as I may go live with this particular broker.
  • #2,426
  • Aug 19, 2008 11:53am Aug 19, 2008 11:53am
justin was that a 2.7 spread and then 3 for gbpusd? also, in what unit quanity is your size labeled?

thanks
  • #2,427
  • Aug 19, 2008 12:09pm Aug 19, 2008 12:09pm
hey justin wanted to know the spread of GBP/USD pls
  • #2,428
  • Aug 19, 2008 12:11pm Aug 19, 2008 12:11pm
Quoting jleblang
If bid/ask is not checked...then you won't see prints on the right size of the Market Depth window - I believe that is all. It has no effect on the data coming through, it's just a visual tool.
Thanks for the quick reply, so when I see

1.8658 900 (B)

It means 900 10,000 lots traded at the bid?

are you saying that the "trades" option doesn't do anything?
  • #2,429
  • Aug 19, 2008 12:18pm Aug 19, 2008 12:18pm
Quoting fxtrader42
justin was that a 2.7 spread and then 3 for gbpusd? also, in what unit quanity is your size labeled?

thanks
Yes, the spread at the time of screen shot was 2.7 & 3 pips on the GBP/USD.

Size is shown in lots.
  • #2,430
  • Aug 19, 2008 12:20pm Aug 19, 2008 12:20pm
Quoting PhilipK
Thanks for the quick reply, so when I see

1.8658 900 (B)

It means 900 10,000 lots traded at the bid?

are you saying that the "trades" option doesn't do anything?
No, 900 (B) would show that 900 lots are available on the bid at that exact moment, but it hasn't necessarily been traded yet.

Correct, "trades" option doesn't do anything that I am aware of.
  • #2,431
  • Aug 19, 2008 12:21pm Aug 19, 2008 12:21pm
Quoting bksujal
hey justin wanted to know the spread of GBP/USD pls
Depends on time of day, but average spread is around 1 - 2 pips. Of course, many times it can be less then a pip or at times more then 2 pips.
  • #2,432
  • Aug 19, 2008 12:27pm Aug 19, 2008 12:27pm
Quoting jleblang
No, 900 (B) would show that 900 lots are available on the bid at that exact moment, but it hasn't necessarily been traded yet.

Correct, "trades" option doesn't do anything that I am aware of.

Thanks, so there is not a way of seeing "transactions" only, except for the color coding option in preferences that I still must play around with a bit?

and it is 10,000 lots, correct?
  • #2,433
  • Aug 19, 2008 12:30pm Aug 19, 2008 12:30pm
so 1-2 pips with a clearing fee of 18.60 per standard lot per round turn?
  • #2,434
  • Aug 19, 2008 12:46pm Aug 19, 2008 12:46pm
Quoting jleblang
Depends on time of day, but average spread is around 1 - 2 pips. Of course, many times it can be less then a pip or at times more then 2 pips.
thanks. And the commision for 10 lots is 7.5 on an open position?
  • #2,435
  • Aug 19, 2008 12:59pm Aug 19, 2008 12:59pm
Quoting fxtrader42
so 1-2 pips with a clearing fee of 18.60 per standard lot per round turn?
Yes. This is the correct calculation when trading the GBP/USD. Spread might be less at times, especially if you limit into the trade between the spread.
  • #2,436
  • Aug 19, 2008 1:00pm Aug 19, 2008 1:00pm
Quoting bksujal
thanks. And the commision for 10 lots is 7.5 on an open position?
Depends on what you are trading....EUR, GPB, AUD, USD, each of these base currencies have different commission structures based on the current exchange rate with the exception of USD since that will always be $5.00 per 100,000 traded.
  • #2,437
  • Aug 19, 2008 1:10pm Aug 19, 2008 1:10pm
Quoting jleblang
Depends on what you are trading....EUR, GPB, AUD, USD, each of these base currencies have different commission structures based on the current exchange rate with the exception of USD since that will always be $5.00 per 100,000 traded.
I was asking the commission for GBP/USD for 100,000 traded pls?
Is it 7.5 dollars?
  • #2,438
  • Aug 19, 2008 1:13pm Aug 19, 2008 1:13pm
Quoting bksujal
I was asking the commission for GBP/USD for 100,000 traded pls?
Is it 7.5 dollars?
About $18.60 round trip currently.
  • #2,439
  • Aug 19, 2008 3:38pm Aug 19, 2008 3:38pm
Justin,

does MBTrading plan to quote more currency pairs in the future?

Thanks!
"Luxury is one of the basic needs", (c), Don Corleone
  • #2,440
  • Aug 19, 2008 5:11pm Aug 19, 2008 5:11pm
Quoting Firstboss
Justin,

does MBTrading plan to quote more currency pairs in the future?

Thanks!
Which currency pair(s) were you looking for?
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