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The Complete Idiot's Guide to Active Trading by Ken Little

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Chapter 14
Using Level II Screens
In This Chapter
• Nasdaq Level II screens provide detailed pricing
• Level II screens let short-term traders see market
• Charts translate data into information
• Expense is not prohibitive and information is necessary
Information is the active trader’s best tool. If you’re going to compete in the intraday trading frenzy, you must have access to the same information as your competitors. That means detailed order and price information on securities you want to trade.
Throughout this book, you have heard Nasdaq Level II price screens referenced for short-term traders. In this chapter, we’ll look into the system and discuss its place in your active trading system. Charts that use detailed quotes (both intraday and ...

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