Enhance your trading journey with up to 3 months of Level 2 data from moomoo and Nasdaq for free!
Moomoo is thrilled to announce a global strategic partnership with Nasdaq. This collaboration unlocks an exclusive opportunity for our users: a limited-time offer to access up to 3 months of Nasdaq TotalView Level 2 real-time streaming quotes for free*.
Claim now>>>https://j.moomoo.com/00RI2z
Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
If you're new to Level 2 real-time streaming quotes, fear not—we're here to shed light on this powerful tool.
Level 1 and Level 2 are tiers of market data that offer information to investors about the current pricing of a security.
While Level 1 provides a snapshot of the current bid and ask prices, Level 2 takes it a step further:
① In-depth bid and ask data:
Level 2 market data offers an extensive view with multiple levels of bid and ask prices on each side. This depth of information helps you gauge market sentiment and pinpoint key price levels more accurately.
② Up-to-the-minute quotes:
Both Level 1 and Level 2 data are updated (regardless of brokerage platform) in real-time and the difference is the amount/type of information. Level 2 data provides more data in the real time feed for you to make informed trading decisions.
③ Detailed transaction insights:
Level 2 offers a granular look at bid and ask, prices, and trading volumes, giving you a fuller understanding of market trends and trade intricacies.
With the cooperation between moomoo and Nasdaq Level 2 (Totalview), investors can enjoy over 20 times liquidity advantage, gain insights from industry-leading 60 quotes and help discover potential opportunities.
Here's how to open Level 2 on moomoo:
1. Go to a stock's Detailed Quotes.
2. Scroll down to the "Order Book" section.
3. Tap on the "house" icon to see the complete list of exchanges offering Level 2 data.
Images provided are not current and any securities are shown for illustrative purposes only and is not a recommendation.
To enhance your trading with Level 2 data on moomoo, it's important to interpret the display correctly:
1. Buy Orders: Look for the green area on the left—this shows the levels of buy orders lined up.
2. Sell Orders: The red area on the right highlights the levels of sell orders queued up.
3. Exchange Selection: Use the "house" icon to toggle between quotes from different subscribed exchanges. The exchanges may require a fee to access data.
4. Order Quantity: On each side, the figures indicate the number of shares set to trade at each price point.
5. Price Level Display: Adjust the number of visible price levels by clicking the "number" icon. You can view up to 60 rows for detailed analysis.
6. Depth Chart: The dynamic bull-bear distribution chart offers a real-time glimpse into market forces, clarifying the tug-of-war between bullish and bearish traders and making short-term support and resistance zones instantly identifiable.
When analyzing the depth chart, keep these two aspects in mind:
1. Assess the balance between buy and sell orders:
By comparing the sizes of the green (buy) and red (sell) areas, you can gauge the current market pressure.
A larger green area indicates a stronger buying interest, while a larger red area suggests more selling pressure.
2. Examine the order distribution across price points:
The depth chart's horizontal axis represents stock prices, and the vertical axis illustrates the cumulative number of shares in outstanding orders. A sharp slope, or a near-vertical line, points to a significant accumulation of orders at a particular price.
For instance, if you observe a steep rise in the line at $122.33 with a corresponding vertical value of 12.87K, that indicates a total of 12,870 shares are stacked in sell orders at or above $122.33 across the ARCA and NSDQ exchanges.
Such a concentration of orders at a specific price often suggests a potential resistance level, implying that the price might struggle to rise above this point without significant buying power to absorb the sell orders.
Using the chart's crosshair feature by long-pressing on it can help pinpoint these exact data points and provide more precise information for decision-making.
Stay tuned to Moomoo Learn for more handy Level 2 market insights! Plus, don't forget to grab your exclusive 3-month free trial of Nasdaq TotalView Level 2 real-time quotes.
* The free trial of Nasdaq TotalView will end after July 31, 2024, 11:59 PM E.T., no matter when you start the trial. If you wish to continue using it, subscription charges may apply. See terms and conditions at moomoo.com/us/support/topic4_485.Level 2 data (NYSE ArcaBook) is free for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100+. Other conditions apply, to learn more visit www.moomoo.com/us/support/topic3_435.This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.Moomoo is a financial information and trading app offered by Moomoo Techonologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Learn Official Account
Easy learning at moomoo Learn.
Let's trade smarter！
20KFollowers
105Following
24KVisitors
Follow
ET Rodriguez : great card
Claudius3 : thanks guys! I appreciate the Nasdaq partnership free trading recommendations. big,huge plus! kudos to the team for making this happen.
Happy Tin : Hi
Wolverines :
Joey Bagadonuts : cool
Bradkim69 : Oh yea
ITradePopsicle : 20 times liquor advantage
Ms G : Nice
David 889 : Very useful depth map analysis
