Posted On: 09/25/2013 12:36:56 PM
Post# of 5066
Re: Cinder Man #3283
What Is Level II?
Level II is essentially the order book for Nasdaq stocks. When orders are placed, they are placed through many different market makers and other market participants. Level II will show you a ranked list of the best bid and ask prices from each of these participants, giving you detailed insight into the price action. Knowing exactly who has an interest in a stock can be extremely useful, especially if you are day trading . (For further reading, see our Electronic Trading tutorial.)
http://www.investopedia.com/articles/trading/...quotes.asp
Level II is essentially the order book for Nasdaq stocks. When orders are placed, they are placed through many different market makers and other market participants. Level II will show you a ranked list of the best bid and ask prices from each of these participants, giving you detailed insight into the price action. Knowing exactly who has an interest in a stock can be extremely useful, especially if you are day trading . (For further reading, see our Electronic Trading tutorial.)
http://www.investopedia.com/articles/trading/...quotes.asp
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