The Necessity of Extra Tools?

Nater

Newbie
5 0
So, I can't seem to figure out just how useful extra tools, such as Level II quotes, actually are. I've been looking for a broker, and I don't know what features I should be looking for and how much extra cash I should be shelling out to get these features (like Level II quotes), or if a free alternative is all I need to start out.

The question is kind of open ended and general, but do you guys think you can point me in the right direction?
 

numbertea

Well-known member
257 9
I started out learning about stocks on the Internet and so $50 a month for access is a constant bill. I update my home grown stock program every trading day night at 9 pm with EODdata.com since it is free. I think if I shelled out for TradeStation it would have taken me less time to build a working system but all the extra time thinking about stocks kept me on th ball so to speak so I'm happy with that. You don't need a lot of money to start out. I use Scott trade and haven't had any trouble. Just keep learning. It is a ever changing playing field.
 

FringFX

Active member
244 6
So, I can't seem to figure out just how useful extra tools, such as Level II quotes, actually are. I've been looking for a broker, and I don't know what features I should be looking for and how much extra cash I should be shelling out to get these features (like Level II quotes), or if a free alternative is all I need to start out.

The question is kind of open ended and general, but do you guys think you can point me in the right direction?
if you do not know what L2 is, then you must learn about it. see if it suits you.
in the mean time, keep your money, read and get familiar with your broker's platform.
after several months or a few years, you'll likely realize if it is for you or not.
 
 
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