Account Info
Log Out
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
History record delete
    Quotes All >
      News All >
        Log in to access Online Inquiry

        Top Tips for New Users

        Views 69932022.09.21

        How to read Level 2 data

        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.

        Trade like a pro with moomoo

        Get free stock and start your professional trading today

        Terms and conditions apply right-arrow

        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 timeliness for any particular purpose of the above content.

        Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.

        In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

        In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

        In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.