To go a step further, you can subscribe for level 2 quotes where you will gain access to the nasdaq order book that contains price quotes for each price level. Level 2 is provided free in sharescope pro and sharepad pro. Interested in trying the number 1 trading platform. Trading in leveraged forex or derivative contracts entails high risk as. Level 2 trading does give you insight into a stocks price. As a result, use other forms of analysis to trade instead of solely relying on level 2.
Understanding level 2 will also give you the necessary skills to use direct market access dma via your broker to trade on the other side of the spread. Some of the information the screens display are the. Candlestick charts provides a view into the stocks movement and price. Day trading platform for stocks and options speedtrader pro.
Level ii shows you the order book for nasdaq stocks, including the best bid and ask prices offers by various market makers and other market participants. Ecn forex broker offering access to institutional liquidity and professional pricing for trading accounts of all sizes. Then watch our other level 2 videos how to use level 2 trading tsla stock and nflx. Then watch our other level 2 videos how to use level 2 trading. Realtime streaming level ii stock quotes provided here is for informational purposes only and is not intended to provide any type of stock trading advice. Level 2 is a subscriptionbased service that provides realtime access to the nasdaq order book composed of price quotes from market makers registered in every nasdaq. How to read level 2 quotes for day trading youtube. Level 2 forex provides access to overthecounter foreign exchange contract markets. Visit our stock analysis page for other free stock tools.
Lightspeed trader offers real time quotes and the fastest execution. When you open an investment account you can add level 2 to your screen. Many novice traders are intimidated by the plethora of information presented to them in a level 2 window. The platform includes level 2, realtime charting, and much more. Lightspeed trader, our flagship trading software, is continuously upgraded to give active traders an edge on the market. Included is the intraday highlow, the last trading price, the previous trading days closing price, todays opening price, the current percentage change, and the total volume traded. Level 2 is a trading service consisting of realtime access to the quotations of individual market makers registered in every nasdaq listed. How to use level 2 while trading stocks tutorial on.
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