Level up with moomoo' s FREE Level 2 data.
First things first,
What is Level 2 data?
Level 1 data shows the best bid and ask price for a security. Level 2 data takes this to the next level by showing market depth or a range of the best bid and ask prices, and volumes being traded at each price level, in real time.
The best part? Unlike other trading platforms, moomoo offers free level 2 data.
Why is Level 2 data important?
● Market depth and intraday shifts in momentum. Since level 2 data shows pending orders that haven’t been executed yet, it shows market sentiment throughout the day as price and volume shifts from the left side of the order book (bid) to the right (ask) or vice versa.
● Stock liquidity which determines how quickly you can open or close positions. A large market cap and high trading volume signal stock liquidity. And generally, the smaller the spread between the bid and ask prices, the more liquid the stock is.
How to use Level 2 data?
L2 data shows market demand (bids on the left) and supply (asks on the right). As L2 data represents orders that are waiting to be executed, it may signal future price movements. A bid for a large number of shares tends to push the stock price higher as it signals higher demand. Conversely, an ask for a large number of shares tends to push the stock price lower as it signals that supply > demand.
The key to using L2 data is lots of practice, so let's get started.
For more investment knowledge and trends, welcome to Courses in the Community.
Comment(96)
Gd
great info
where u from fam
Where to learn more?
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how
good to know
explains a lot very informative knowledge one needs to know to invest
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That's that get that! You Get that? If not you better get that!
Okay
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j
good info
awesome can't wait to see live trade's 🤗
Thank you for taking time to educate us on how this particular platform works.
no problem
awesome information!!
Wow, what a great tool to use to decisions on your stocks
I’m moooo-ving on up 🚀
Good info
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I wonder how to get my free stock
I didn't know that! Thanks moomoo
Great
Ah
Cool. Easy learn for beginners.
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thank you
Yay free L2
Thank you very much. I'll be back with better tech Then the Divichie machine for MEDICAL INDUSTRY .I PROMISE. I HAVE ALREADY BOUGHT SOME OF Intuitive Surgical. Will be Back. AKA THE Terminator,who Did Inhale Life after all his workouts. FACTS IN PUMPING IRON,and Arnold's 🤪 Enciclopidia on himself. AMOZING READ 📚 👌 ❤️.
I have two of the one for now but what is right ✅️ 🤔
Nice!! info 🔥🔥🔥🚀
Good information.
Unlock my frozen free stocks that you promised and I might think about staying with your trading Co. and go to level 2.
g
Thank you very much
Great info
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Thanks for the information.
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great info appreciate ya guys!
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