Friday, March 9, 2012

What Exactly Tape Reading Is And Why It's So Vital

Tape reading is considered the art of studying price action real-time using the Level II box. When using the tape you are able to gauge player's psychology and fluctuations in demand and supply.

Reading the tape is all about evaluation of the bid, offer, size, volume, and prints. With reading the tape you will be able to find out where the stock is going to move around Seventy to eighty five percent of the time.

Tape reading is an essential skill to master as an day trader since it aids

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