Introduction To Level II Quotes 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 … [Read more...]

How to Use Level II Stock Quotes for Day Trading NASDAQ's Level II stock quotes gives you an advantage for decision making in the stock market. It gives day traders split second changes in the marketplace while tracking brokerage firms and electronic communication networks' buying and selling activity. Familiarize Yourself With the Level II Screen Step 1 See the three … [Read more...]