Hi, I'm working with Magix MEP 14 and when i try to do chromakey the effect works yet i'm left with a green glow around the object or i have to make it almost transparent.
Try to work with the threshold and fading range slide in the video effects dialog. Both are parameters for the chroma keying effects and need to be set pretty low in order to make potential colored edges around your green screen footage disappear. Generally, how well you will get the whole chroma keying thing to work for you also very much depends on the suitability and quality of your source material. If you're a hobbyist/amateur, which I suppose you are, you will just have to accept certain technical and budget limitations, e.g. with regard to green screen setup, camera and lighting equipment.
You might still want to have a look at this tutorial video here: