MB Trading Futures - Introduction | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #521
  • Mar 20, 2007 4:56pm Mar 20, 2007 4:56pm
Quoting Moe
stop all the beefing. whats the point
The point is that most people are quick to blame the broker when things go wrong, yet many times it's not the broker's fault. Some things are just out of the broker's control.

Your statement above "there's no excuse for this" is exactly what I'm talking about.

We all think there's no excuse because it's our money at stake. Yet, if we were on the other end -- the broker's end -- it could well be a different story.
  • #522
  • Mar 20, 2007 7:00pm Mar 20, 2007 7:00pm
Quoting In2Blues
The point is that most people are quick to blame the broker when things go wrong, yet many times it's not the broker's fault. Some things are just out of the broker's control.

Your statement above "there's no excuse for this" is exactly what I'm talking about.

We all think there's no excuse because it's our money at stake. Yet, if we were on the other end -- the broker's end -- it could well be a different story.
wow wow wow, slow down there young buck, there is no excuse for some broker tatics but there also is no excuses for traders loses, if you have a good trading system there is realy nothing a broker can do to stop you, so yes i do agree with you on some things.
If I Go Broke Trying Then I Will die happy.
  • #523
  • Mar 20, 2007 9:35pm Mar 20, 2007 9:35pm
I like Moe!
  • #524
  • Mar 20, 2007 9:53pm Mar 20, 2007 9:53pm
Quoting Poocher
I like Moe!
i sure hope you are a woman, lol, it's all good.
If I Go Broke Trying Then I Will die happy.
  • #525
  • Mar 21, 2007 1:02am Mar 21, 2007 1:02am
first i never said something wrong about EFX ,infact i have a real account with them.....i reported the problem......and again i know what happens during the news ,so' please to a lot of professors here please stop to say the same thing how to trade or how don't trade , i am talikng of thecnical issue and infact yesterday the thecnical department confermed a thecnical issue exactely for few seconds at news release , but as usual is not their default !!!! anyway during the normal day i have many disconnessions and please don't start to tell me that i have to stady much better how to set up internet !!!!!! anyway today i'll try again with the news and let see .....
  • #526
  • Mar 21, 2007 9:53am Mar 21, 2007 9:53am
Jason,

everytime I make a trade, there's a margin debit that reduce my buying power. For example, I buy 1 lot (size 10,000), and there's a margin debit around $100, thus the available cash balance for trading reduced by $100, and available lot for trading reduced by $10,000. Can you explain what's the margin debit, and how you calculate it? I need the info so I know how many position that can be opened with all the cash I have....
  • #527
  • Mar 21, 2007 9:56am Mar 21, 2007 9:56am
Quoting gioviforex
first i never said something wrong about EFX ,infact i have a real account with them.....i reported the problem......and again i know what happens during the news ,so' please to a lot of professors here please stop to say the same thing how to trade or how don't trade , i am talikng of thecnical issue and infact yesterday the thecnical department confermed a thecnical issue exactely for few seconds at news release , but as usual is not their default !!!! anyway during the normal day i have many disconnessions and please don't start to tell me that i have to stady much better how to set up internet !!!!!! anyway today i'll try again with the news and let see .....

Hey save your bad complaints for customer service then so we can get back to good questions on how to trade with a highly competitive ECN.
Just remember that it is stupid to keep doing the same thing repetitively and to expect improved results,
  • #528
  • Mar 21, 2007 10:12am Mar 21, 2007 10:12am
where's justin...

i believe there's alot of scalpers here
  • #529
  • Mar 21, 2007 10:26am Mar 21, 2007 10:26am
Quoting mdetlh
Hey save your bad complaints for customer service then so we can get back to good questions on how to trade with a highly competitive ECN.
Just remember that it is stupid to keep doing the same thing repetitively and to expect improved results,
you still don't understand my point...never mind.......anyway today the platform worked perfectly, nice execution during the news and i didn't have any problems.....ha i collected pips..........
  • #530
  • Mar 21, 2007 11:36am Mar 21, 2007 11:36am
Quoting tommsu99
Jason,

everytime I make a trade, there's a margin debit that reduce my buying power. For example, I buy 1 lot (size 10,000), and there's a margin debit around $100, thus the available cash balance for trading reduced by $100, and available lot for trading reduced by $10,000. Can you explain what's the margin debit, and how you calculate it? I need the info so I know how many position that can be opened with all the cash I have....

The margin debit is the amount of money you've "spent" from your account to buy lots.

It shows as around $100 because that's how much you just used to buy 1 lot. If you bought two lots, it would show around $200.

A rough idea of your buying power is to take your account balance and divide by 100. That will give you an estimate of how many lots you can buy.

So, if you have a $10,000 account, you could buy approximately 100 lots (10,000 / 100).

This is for USD pairs, of course. Other currencies will be different.
  • #531
  • Mar 21, 2007 4:01pm Mar 21, 2007 4:01pm
Quoting In2Blues
The margin debit is the amount of money you've "spent" from your account to buy lots.

It shows as around $100 because that's how much you just used to buy 1 lot. If you bought two lots, it would show around $200.

A rough idea of your buying power is to take your account balance and divide by 100. That will give you an estimate of how many lots you can buy.

So, if you have a $10,000 account, you could buy approximately 100 lots (10,000 / 100).

This is for USD pairs, of course. Other currencies will be different.
This explanation is absolutely correct....thank you In2Blues.

On a different note everyone - let's remember something.

Brokers & Platforms: Things are going to “hiccup,” and the most common time for that to happen is on news, which is why I tend to suggest that people not trade on news, and CERTAINLY not with market orders.

Traders make mistake: We place the wrong orders, we forget to add our stops, we read the chart wrong, what ever it is, and I know we’ve all done it before. Once we as traders take accountability for our actions our trading can only improve from there. Let’s not always be so quick to point a finger at the broker.

Let's try to keep the boards civil and remember we're all here to be a part of the trading community. {Accept the brokers who like to come here and trash other brokers}

Best of luck -

  • #532
  • Mar 21, 2007 7:23pm Mar 21, 2007 7:23pm
"Let's try to keep the boards civil and remember we're all here to be a part of the trading community. "

Moe, just what jleblang said above is why I said I like you. Even at the risk of seeming wierd (cuz I'm not a women). It seemed to me you were keeping things civil.

I need information on these forums. Some of them are so flaming (Elitetrader) I can't get through the sickening thread to get the info people are sharing.
  • #533
  • Mar 21, 2007 9:55pm Mar 21, 2007 9:55pm
At this point I am very comfortable with Oanda charts, but I see difference in price movements with EXF, so I'll try once again ask
How to find charts with the same feed data as EFX Group or we have only one option of IntelliChart?
I can not belive not many people ask the same questions, maybe I really don't understand something.
At least for scalpers Charting should be the most important part, or am I wrong?
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #534
  • Mar 21, 2007 10:54pm Mar 21, 2007 10:54pm
Intellicharts, FXtrek, Esignal and Tenfore have the EFX datafeed, non of those are free. You can also connect software like Neoticker directly to EFX. There is no good and cheap charting possibility with EFX data as far as i know, which is a pitty.
  • #535
  • Mar 22, 2007 3:10am Mar 22, 2007 3:10am
Thank you for your answer. EFX really should make they own charts, it will open door for so many new clients.
Quoting shrike
Intellicharts, FXtrek, Esignal and Tenfore have the EFX datafeed, non of those are free. You can also connect software like Neoticker directly to EFX. There is no good and cheap charting possibility with EFX data as far as i know, which is a pitty.
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.
  • #536
  • Mar 22, 2007 3:10am Mar 22, 2007 3:10am
neoticker+efx the best choice...90$/month
  • #537
  • Mar 22, 2007 7:25am Mar 22, 2007 7:25am
I thought Intellicharts are cheaper than Neoticker with the EFX discount? Another question with the people here with live accounts with EFX are you using EFX Navigator or FX Pro platform?
  • #538
  • Mar 22, 2007 8:23am Mar 22, 2007 8:23am
Neoticker is a very solid piece of software, i use it myself for all my charting needs (FX and futures). Neotickers + a solid datafeeds monthly cost is 250$+ so its not so good for mini-traders. I couldnt live without it anymore. Just for FX charting it is really expensive tho, considering all the free datafeeds + software floating around the net.

P.S.: there is a neoticker-discount for EFX-clients?
  • #539
  • Mar 22, 2007 8:43am Mar 22, 2007 8:43am
Shrike, the discount applies to Intellicharts for the desktop and web version.
  • #540
  • Mar 22, 2007 11:54am Mar 22, 2007 11:54am
quotetracker+efx data=free.

But considering the shade of all brokers, this may or may not be of any real use for a scalper.
9 traders viewing now