No Spreads @ MB Trading?
Posted: Tue Oct 13, 2009 1:52 am
Hello everyone,
I am referring to TRO's post here.
I assure you, I've read the whole thing for at least 15x and even drew pictures to help myself understand what this was all about. I hope TRO doesn't get upset that I am bringing this up again (really sorry, I am a dummy), because I'm still confused:
Ok, so from what I understand is, if you trade with MB Trading, you only pay for commissions and do not get charged for spreads anymore (please correct me if I'm wrong).
I also read that, in order to buy at the bid price, you will need to place a buy limit (and sell limit to sell at ask price, I assume?) - so that when you enter a trade, you will not run into minus anymore due to spreads.
So how do I close my order if I bought at the bid price? I'm using MT4 on MB Trading. If I click on "close order", it automatically closes the order at the ask price (if I'm long). If I click on "buy" (on the "close order" mask), then it generates a new order.
I am really confused, please help.
Thanks,
Ken
I am referring to TRO's post here.
I assure you, I've read the whole thing for at least 15x and even drew pictures to help myself understand what this was all about. I hope TRO doesn't get upset that I am bringing this up again (really sorry, I am a dummy), because I'm still confused:
Ok, so from what I understand is, if you trade with MB Trading, you only pay for commissions and do not get charged for spreads anymore (please correct me if I'm wrong).
I also read that, in order to buy at the bid price, you will need to place a buy limit (and sell limit to sell at ask price, I assume?) - so that when you enter a trade, you will not run into minus anymore due to spreads.
So how do I close my order if I bought at the bid price? I'm using MT4 on MB Trading. If I click on "close order", it automatically closes the order at the ask price (if I'm long). If I click on "buy" (on the "close order" mask), then it generates a new order.
I am really confused, please help.
Thanks,
Ken