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Strategies & Market Trends : Level II Trading

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To: DRRISK who wrote ()3/7/1999
From: DD™  Read Replies (2) of 1086
 
Question regarding Level II

Can somebody recommend a good instructional source for learning about Level II?

Specifically, how to use it effectively, interpreting the data provided, value of the orders
sitting at the bid and ask relative to establishing short and/or long positions.

I am testing Level II, but am unsure how to use it effectively. I wonder if it really
provides value in making more informed investment/trading decisions.

Thank you in advance for your help.

DD
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