The level of the level-1 free-of-charge love drive is only five, with no trade direction and the most serious delays。
Today, we come to see its upgrade. Many issuers package it as a fee-paying service called “level-2”, “ten series”, “depth data”. What are they talking about? What did you get for spending this money
That's the level-2 line。
The level-2 line is defined as real-time trading data services for securities that are authorized by the exchange to provide higher accuracy, more dimensions and lower time frames, on the basis of the level-1 base。
It's different from level-1, not in principle, in precision. There are three core upgrades, which are completely unavailable to level-1。
First upgrade: tenth tranche。
Level-1 only shows you how to buy five and sell five. Level-2 will show you how to buy ten, sell ten. The 10th platoon shows you deeper load and pressure. Level-1 users know nothing when the main force sells between six and ten to cover up a large volume of bills and hides its intentions in the first five; level-2 users can see the huge barriers under these glaciers. Similarly, buying between six and ten could mean that there are funds at the bottom to covertly lined up if there is an intensive accumulation of invisible bills。
Second upgrade: a detailed account。
Level-1 is a couple of seconds of snapshots packaged, with no direction. Level-2 provides the original record of each transaction, each showing the direction of the sale - whether it is an offer or an offer. This means that you can measure the difference between buying and selling all day, whether it's a real buy-in or a back-up vacation. The main force is right in the left hand at the same price, and in the level-1 it's a concussion of volume, and in the level-2 it's clear: there's a bunch of "neutral" or interchangeable hand exchanges that do not push prices。
Third upgrade: big statistics and high-speed updates。
Level-2 is usually synchronized to carry a large list and compresses the frequency of data updates from the seconds of level-1 to real-time delivery. You can set up software to monitor a large single entry, or a stock of early warning. For short-term traders in the day, the additions and decreases of the 10-step wall can give you the most intuitive sense of oppression or absorption within seconds。
So, level-2 is essential
Not for long-term value investors. You don't have to pay for a few seconds of traffic change. For day traders, boarders and t-man, level-2 is the equivalent of changing from sand lenses to bright glass lenses. And you can see deeper under the water, and the dark tide is raging. But beware that the 10th platoon can still be seduced by the main efforts to split it through multiple accounts, and that the bulk of the deal may be cut into pieces and let go. Level-2 has raised your precision, but has not removed the complexity of the game。
If you decide to upgrade to level-2, the first time you use it, do not become obsessed with the data flood, and learn to look at the direction of the big one and the type of attack. The real value lies not in the five-digit figure, but in your ability to read the financial intentions behind it。
