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Figure 11.1
Sample Stock Window |
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Take the time to learn to read level I. You'll quickly get a clear picture of how this stock is trading right now! |
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In the lower section, we see specific price quotes: |
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The left side of this section contains the bids, arranged by price with the highest bid on top. |
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The right section contains the offers, arranged by price with the lower offer on top. |
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This is exactly how you, the trader, want to see the prices arranged. You want to know who will sell you the stock at the lowest price. And you want to know who will buy your stock at the highest price. |
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At a glance you can see the best (highest) bid and the best (lowest) offer. These figures together are often referred to as the ''inside market." |
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