By easing yourself into this subject, as revealed on this page, and the previous page on Real-Time Quotes, you will be feeding your mind the information it requires to make sense of all this in the meeting of your investment goals. In addition, one day you may choose to try your hand at day-trading. In addition, each person who successfully trades stocks are creative thinkers, and may find successful uses for Level 2 quotes that this author is not presently aware of. ![]() Unless you are a day-trader, Level 2 quotes are not likely going to help you trade stocks.īut knowing about Level 2 access and how it functions is important and helpful in the sense that you will not become confused or fall victim to sites that make you think you do need it just so you buy their services. Level 2 quotes, and direct trading using Level 2, is only one of the major ways that shares of stock are now being traded on Nasdaq and the OTC markets. However when you consider the growing participation in ECN's and SuperMontage Total View (described under "Real Time Quotes - Explained") this is no longer the case. Level 2 quotes use to contain the best means by which a day-trader could trade stocks directly with market makers. Level 2 quotes is the term given to enhanced market information that is unique to the Nasdaq, OTC BB and Pink Sheets because, unlike NYSE or AMEX (aka NYSE MKT), these trading markets handle buy and sell orders via an electronic dealer market. ![]() Level 2 Quotes Do You Need it to Trade Successfully?
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