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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: nikko who wrote (2)11/1/1998 1:00:00 AM
From: Trader J  Read Replies (1) | Respond to of 56535
 
Nikko,

I have been close on many occassions to getting Lvl II, but have not made the investment yet. I have looked at many a service and so far as I can tell, I would be selecting MB Trader from www.mbtrading.com. Decent fee structure and their Realtick III has gotten very good reviews.

I personally have not needed Level II as of yet. However, the information it can give would be an important piece. Many feel that you must have this information to be successful. I am not one of these people. As I stated in the header post, the more information that you have at your fingertips, the better off you are, but all the information available does not guarantee better results. Sure doesn't hurt any though.

Many cannot afford, through cost or dedication, Level IIs and I would hate for someone to feel that they cannot be successful with it. The most important component IMO is a good, reliable, relatively fast order execution system.

This combined with some due diligence will all that many will need to be successful.

Luck to you.

Jeff




To: nikko who wrote (2)11/1/1998 9:55:00 AM
From: Mr.G  Read Replies (1) | Respond to of 56535
 
Datek has a real-time streaming quote service that is the best I have seen short of level II. It provides continuously updating price, b/a sizes etc. I believe it is still in beta testing and is only being offered to some of their more active traders at this time, eventually it will be offered to all customers (free).
I've been using it for about 2 months now and highly recommend it.