analysing level 2 depth

[assafe]

guys i need some help for trading with level 2
is there a web site that can teach me how to trade on level 2 or how i can calculate the order size impact basicly i want to calculate which one is stronger the bid or the ask
would some one be able to help with this

regards

 

[Bonpara]

There is no way to know that now a days with all the dark books and refreshing orders.

 

[assafe]

there has to be a formula to calculate this instantly for a short term

 

[Tums]

study market profile first...
it is not about trading L2,
but it will help you understand L2.

 

[NY0BScalper]

I make my living off the LII.

I was taught a little... but the first two months they taught me NOTHING. They wanted me to learn to look at myself and form my own opinions and develop creativity instead of being a robot.

What they taught me after that, is now completely outdated and useless. I had to figure out the new shit on my own.

So not the advice you want to hear...

but watch it for 2 weeks on demo, then watch it and trade 100 shares afterwards. If after 6 or 9 months you really don't see anything, this is the wrong business for you.