Forex level 2

[Pabmove]

Hi guys,

I get a level 2 option from my forex broker and I'm trying to figure out how to read it. It has time, price and volume but different from stocks Level 2 (which I've never used to trade before).

Looks very impressive with all the different colours but is it useful for forex? Anyone care to help

 

[samuelhogg]

Looks like the NinjaTrader platform, so colours won't make any significance to the broker used.
I don't think anyway.

 

[Pabmove]

lol, I don't like posting brokers up but never mind, just once.

I trade with MBTrading and correct, I've NinjaTrader with it too.

 

[ZhStas]

Hi guys,

I get a level 2 option from my forex broker and I'm trying to figure out how to read it. It has time, price and volume but different from stocks Level 2 (which I've never used to trade before).

Looks very impressive with all the different colours but is it useful for forex? Anyone care to help

I have no idea how they put level 2 to trade Forex if this market is decentralized therefore you can't see orders and gauge volume

 

[Omoh101]

I do wonder how useful level 2 data ios for forex - does anyone use level for forex trading ?