 Level two We saw money geeks mr. V here welcome to another video guys so in today's video I want to talk to you guys about Level two data for trading So if you've been trading you probably hear about people talking about hey, I want to see level two I want to know what's happening in level two. You're asking yourself. What's the significant of level two So when I take a look and explain why level two is important for you as a trader into this video But before we get started guys if you're new to the channel We discover how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification belt So you don't miss out on new content So when it comes to level two information on the we will platform again That's the platform that I use for trading other platforms might have Something else but level two data is pretty much level two data for any particular stack So basically you have people that are they have asked and you have beach So people that are bidding at people that want to buy so they look and say hey I want to buy this particular stock But I'm only willing to pay X amount of dollars for for a share and then people that are have the ask They own this they own the stock and they're saying I want to sell it But I'm only willing to sell at a particular price So if you the pressure between that the ask and the bid can determine which direction the price is going up So if the bid are so much lower and then they ask you can see the price of this stock We start probably start going down if the ask is way higher than the bid in terms of Percentages you see the price of the stock will start going up So that is something that can actually inform you to decide when you want to get into a particular position Or you want to get out of a particular position because when you look at that data You can see what people are asking for and you or you can see what people are Beating or willing to pay for that particular stock before you can get out So it's very important for you to have an understanding of level two information Before you put in a trade and also I look at it I mean I have it on my dashboard so each time I'm actually going to trade I'm actually looking at level two what are people? Bidding and what are people asking so I look at that information before I even put in my personal trade Level two information is not free on many platforms on the real platform I think you have to have a subscription. Are they giving out a free level two information to some people? I don't know if you qualify I don't know what the criterias are for for you to get free level two information But otherwise you'd have to subscribe to have level two information Some people pay as much as a hundred dollars a month for level two information That's how important level two information is so I'm going to show you guys how to use that on the web of platforms So let's jump right in here on desktop and I'm going to show you again here guys Well, I'm using the web platform and I'm using the web app in this particular situation Remember we will has three major platforms or areas where you can trade so they have the mobile app Which is a really good platform as well They have the web app if you don't want to install anything on your computer And then they have a desktop app which you have to download and install on your computer so you can look at that So right here if you see him moving you surround This is the level two information that you can see how the ass and the bits are coming in So how do you get to this point again? if you want to create a dashboard you go under trade and then you go to New board and just clicking that you create a new board and you can put the information that you want on that board So in this case I have this board and then if I go to under widget I go to stacks And this is where I can actually add the level two information here I think the level two information here is active Active trade so if you click an active trade and then I would I would bring you to this window here Where you can actually start looking at it so right now Let's just take a deeper look at the level two so you can understand what's going on here So on the left side here where you see this is the bit and on the right side This is their ask so bit is in green and the ass is in red So as are people that own the stocks and they're willing to sell at a particular price So again, it's like an auction you step in you own you have you have something and you're trying to sell it and People are bidding for that particular thing you have a set price in your head So most auction will be like hey studying studying bit is $200 and then somebody on the bid side will be like hey $201 and then you know if you like it you say no But if you see like it and then somebody will come in say nope $202 and the price just keeps going up or down from there. So that is how this works So you come in here. So let's take reasons again. Oh, I'm looking at Tesla here We can pick any other stock too so we can look at Neo right now if you see people are asking For nerd right now is $49 and 45 cents somebody has to a thousand shares It's moving so fast that you can even keep track of but see what people are bidding and what people are asking So these will kind of guide you to kind of see where your entry point is So let's say on the on the bid side here Most people were bidding say $48 for the $48 for the $8 and you're out here trying to sell at $49 and 45 cents You're probably not gonna be able to sell that because Nobody is going to buy it because all the bits that are coming in on this side are at 48 And if you're looking to get out of that position You have you don't have a choice But you try to lower that price to get out or if you feel comfortable holding it for the long run They can hold it but again if you're trading where you want to go in and out of a position Very very fast. You have to be able to make that decision as quicker as possible And looking at level two will guide you to make that decision again It'll help you know when to get in and will help you know exactly when to get out of a particular trade So that is the significance of level two information when it comes to trading again This is not free information if you go on major platforms for trading You have to subscribe or pay to get these information because again, I don't know how they collect it But I think it's something that is important They spend money to collect this information and if you think that it guides you to make a better decision to become a better trader Definitely something that you can consider subscribing to to it. I Know some platforms will probably give you a free trial that you can test it and see Some people don't really care about level two as well They just go with their own instincts and look at the charts and that will guide them to trade But most traders level two information comes in handy Really does help you guide with what you're trading when to place your trade and when to get out of a trade So let me know in the comment section guys. Have you used level two information or do you use level two information? If not, do you plan on using it? If not, what do you use to kind of guide you to go in and out of Trade again guys if you're new to the channel, we took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content And also if you're looking to get started with investing guys again We boys doing a promotion where they're giving you for free stocks if you sign up and deposit $100 in your account for free I think the value somewhere between $8 and $1,600 per share that they give out so average that I've seen is about $12 So definitely take advantage of these links in the description below when you sign up You get a free stock I get a free stock and that's what helps me continue to put content out like this from you guys And as always guys don't be a greedy savage and stay motivated You