For many of you that have been with us for a while, this section is a repeat of my previous discussion on Level 2. However, if you re going to really get serious about Active Trading or Day Trading you re going to need it. Active traders and day traders typically get Level 2 as part of their trading system. You can also get it separately from third party sources at an extra cost. If you re trading with a Web based order system then you re trading at a real disadvantage.
Web based order systems are too slow, especially when trading activity increases dramatically.
Also, many Web based brokers sell their order flow to Market Makers so your orders don t always get matched to the best price available. We do not post them on our web site. Pass the word and have your friends join our newsletter today. It's not just a book about day trading, it's about how and why stocks react to different market news and conditions. Whether you day trade or actively manage your portfolio, this book is a must read.