posted
L2's is a screen where you see the actual Bid's and Asks's in actual present time.. they are very important because you actually see in which direction the stock is heading because you see the balance between buyers and sellers (supply and demand) and the prices of each... you also get to see the "AXE" which is the main Market Maker or institutional buyer for that day and what they are up to and trace accordingly.. so many insights but you get what i mean.. lots of good books out there on the subject of Level II's and such...
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