Ways of trading - Need advice.

[Do]

Thanks Naz for the fascinating posts you put up.

I don't know if I'm the only one but I admit I don't understand what I'm supposed to be looking at on a level 2 screen and how to understand it.
Having got used to buy/sell and long/short I am now trying to understand bid/ask.

Is there some site that explains how level 2 works and what it represents? For example what are the different colours for and the difference between Island and other.

Thanks

 

[Miki]

Order types

Yes, andrewh26.

Check 'Order Types' under 'Trading Information'/'Order Information'.

 

[Naz]

Do,

I fully understand that traders in the UK have slight problem with the Nasdaq level 2 screen,how to read it,its executions, orders and how to trade it.Web sites only offer general information on how it works.Which dosnt inform you about how the the screen is played by the US traders.

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