Re: A question about graphs available online
Posted: 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).
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).