|
|
 |
|
|
|
|
|
Do You Have a Blog or Publish your own articles on Trading in the Markets? If so, you need to learn the techniques of clustering your articles in order to gain more back links to your site.
Article Clustering will enhance your backlink building process. Grab that traffic now! Don't let the other guy take it away from you. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertisement - Disclosure
Please be patient. Learn to Position trade first.
With that said.. let's get on to the real reason that you came to this page.
All brokers and trading systems provide you with Level 1 data. It includes the Bid, Ask, Open, Close, Amount of Change, Last Trade, etc.
Below is an example of Level 1 data from Big Charts:
However, for the day trader, this is not nearly enough. A day trader needs to know what others are bidding and asking instantly.
It not only shows the Level 1 information it also shows the size of the orders, the ECNs and MMs making those orders plus the Time & Sales (actual order execution of price and size) on the right side.
The Level 2 Course available to the public at Pristine.com discusses Level 2 in depth.
Additionally, you will need a book or two that explains the structure of the stock markets to include an understanding of Market Makers, Specialists, and ECNs. A good free source is your public library or you can review any of the books in Step 2 in the Classroom.
Now, you are ready to tackle
Step 3, Understanding The Markets.More information on NASDAQ Level 2 can be found at the following sites:
| Optional Reading | Pit Falls of Market Orders |
| Daily and Real Time stock recommendations for active day traders - Day trading education through monthly seminars and free online educational reports - Ranked as the #1 day trading web site by Barron's. | |
| Underground Trader | http://www.undergroundtrader.com/ |
| Undergroundtrader.com is a premium real time stock trading chat room and the originators of The “infamous” Underground Level 2 Day traders Handbook. Our main service is the Underground Trading Pit. This is our interactive, java based trading chatroom where live real time trading alerts are called throughout the day utilizing the tools and principles in the Underground Level 2 Daytraders Handbook and hosted by the author, Jay Yu and several other top traders. Our goal is to profit from market volatility while minimizing risk and preserving capital using our indicators and techniques. We are speculators not gamblers. By tempering our calls with solid tools and indicators, we maintain consistency and our customers profit as they learn. |
Welcome