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On the level

On the level

Level 2 is often lauded as extremely insightful on social media and bulletin boards. The reality is that, quite simply, it isn’t always the useful piece of magic it’s hyped up to be. People will type things like “WINS have moved off the offer” as though this means that Winterflood Securities, a leading market maker, has stopped selling. Well, if it was that easy – why do most retail traders lose money and why did Winterflood only have two losing days in the whole of 2018? 

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