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A question about graphs available online

Reading price charts which may give you direction in the market using established TA methodology
TraderTed
Posts: 11
Joined: December 19th, 2018, 4:55 pm
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Re: A question about graphs available online

#188149

Postby TraderTed » December 19th, 2018, 8:05 pm

If you want to see what's really happening with your brokers order book you need to find one with Level 2 access. Level 1 charts won't cut it.

With access to Level 2 market data you can:

see the orders awaiting execution on the buy and sell side of the order book
analyse movements in the price of a security
monitor fast moving markets
identify trading opportunities
help identify iceberg orders or other automated trading patterns
utilise a variety of market indicators to make informed decisions
become a price maker as opposed to a price taker by deciding at what price to buy or sell and placing the order directly with the Exchange’s order book via Direct Market Access (DMA).


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