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Scratchgolf

03/12/21 1:32 PM

#58293 RE: beriah54 #58292

That is correct. Level II lets you know how many shares are for sale or how much is being bid on at different price points. It shows you all the different market makers and how many shares they have to buy or sell.
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somanymike

03/12/21 1:33 PM

#58294 RE: beriah54 #58292

Most platforms also have a "market depth" screen, or something similar, that will show you a breakdown of all buy and sell orders posted at any given time. It's really useful for spotting intraday trends and such.