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How to read level 2 for forex

Discussion in 'Forex Trading Systems and Strategies' started by pa18, Dec 22, 2008.

  1. pa18

    pa18 Recruit

    Dec 20, 2008
    Likes Received:
    Hi all,

    I started using an ECN broker which gives out level 2 with its quotes. It provides time and volume. Have a look at the attachment. It's the depth of market and I know it's not the 'full' depth of market, just what that ECN broker dishes out.

    Anyway, unfortunately I don't know how to read it so I may be able to add it to my arsenal of forex trading. Can anyone give me a brief or detailed description?

    Thanks for listening!

    Attached Files:

  2. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    I've seen platforms like it before, but never really managed to get my brain fully wrapped around any of them. I definitely would want to demo trade something like that for awhile to get used to it.

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