Try Level 2 for FREE until MArch 31st

In the run up to this, we have decided to give all of our users a free trial of Level 2 from now until 31st March 2007. All you need to do to take up this offer is to click here and enter the following promo code:

marchtrial

Once you have done this you will need to log out and back in, and your account will be enabled to access level 2 until 31st March. Remember the earlier you sign up, the longer you will have to try out the system!

Please note this trial is completely free with no obligation, and no credit card details are required.

Regards

MoneyAM Support

Ian,
I have just signed up for the free trial, downloaded java, turned off the pop up blocker, relogged on and I am still getting the demo version of level 2. Any ideas as how to fix?

Brian

bcavanag,

Can you click on the log out button and log back on, it looks like your previous log in session did not clear.

Ian

bcavanag,

Can you click on the log out button and log back on, it looks like your previous log in session did not clear.

Ian

Ian,
Thanks it seems to be OK now.

Brian

Cheers for the free trial,MAM.

many thanks MAM

hasnt made me any money yet but its stopped me losing quite a lot.

is there any reason why the boxes wrt buy orders/sell orders filled % are empty?

i have tried free promo L2 before but it was for a week, so never really got to grips. hopefully this will now change.

superrod,

You actually enter a figure in there which will cut down the order book to within that percentage of the bid or offer price. So if you enter '1', this would then cut out everything in the order book on that side which is more than 1% away from the bid or offer (depending on which box you use).

Ian

thx ian, am pleased to say made 36 in 10 mins courtesy of L2. not major money but IF i could do it every 10 mins every day........

Ian T (money am)
OK now thankyou,Trewinney.

Ian,
Have subscribed to this free offer but the limitations of the Java on this pc ( which is controlled by an over zealous IT Dept) and the fact that I am using IE 5.5 mean that I only get a screen that allows me to enter an EPIC. Nothing happens and the screen just sits there.
Any suggestions on what I could do to make the screen show L2?
Thanks,
TT

TT,

You are going to struggle by the sounds of it - it looks like the java is not being allowed through by your IT department. The only way you could get it to work would be to ask them to allow all java from MoneyAM, but I am assuming this is not an option. Unfortunately, there is nothing we can do from this end which would help,

Ian

TT.

I'm in the same boat as you. Sadly my IT department won't allow Java on my PC.

The only option I can think of is taking in a laptop.

Keaydian, I used to do that at my last job as I had a similar problem. At least there I could use my old dialup account but not here. I have tried to piggy back onto a wireless network but all of the local ones are password protected and so no joy (yet) Someone else suggested a GPRS setup but too expensive for me at the moment. I'll just have to stick to Trades and graphs and see how I do!
TT

Good luck, at least your allowed to use a laptop.

maybe but not sure yet???!!

Have got the level 2 on trial, but it is as clear as mud to me can anyone point me in the right direction IE learning tools

Have you looked at am 'Help' as a start. It explains why L2 exists and what the screens depict, rather than how to make money from it. I'm not sure if you are already past that stage.

Click 'Help' - Top right am page, then 'Level2' option on next page (in the very light blue boxes).

D.

Thanks Dieng

That was spot on and gives me a better understanding of level 2.

M.

i remember the free dvd a few years back explaining the whole thing. i have made over 350 today all thanks to L2. once i am sure it wasnt just luck i will deffo be signing up........just one point, once everyone has L2 how do you maintain an edge ?


thanks again MAM.

btw i sure dont expect to make anything like that on a daily basis but even a tenner here and there helps.

super - thought you signed up years ago on the other side.

remember this from over 6 years ago?

J7 - Use CFD's - derivatives do not attract stamp duty. Firms offering CFDs normally advertise in the FT.Find a broker that allows you to enter orders directly into the SETS book. (Subscribe to Level 2 to view the book in real time from your screen)

Looking at ARM currently (Best example I can find quickly - there's no good examples when the market is closed):

Level 2

06/01/2001

16:16:50

Help

ARM HLDGS. (ORD 0.05P) Prev.Close 502 GBX NMS 50000 ISIN GB0000595859 Sector FT10 Segment SET1 SEDOL 59585 Last trade 515.758 O at 17:13:23 Vol 5,000 Prev trades 508 500.738 501 505 Trade Hi 532 Trade Lo 491 Cum Vol 6,420,387 Cur Hi 530 Cur Lo 496 Open 497 Cur 508 +6 (1.20%)

1

2,114

501

-

508

53,540

2

Buy Volume 41,973 Depth 8 Avg.Size 5,247 VWAP 489.959

2,114 501 1,057 500 6,000 500 2,114 498 5,000 491 3,000 490 12,688 488 10,000 480

508 3,540 508 50,000 514 2,000 519 12,688 520 10,000 537 5,000 617 1,000 700 6,000 750 1,850 780 1,229 790 425 800 8,525 1050 700

Sell Volume 102,957 Depth 13 Avg.Size 7,920 VWAP 560.988

If you don't understand what you're looking at, click here, otherwise this explanation will be wasted on you. :-)

This looks like an intraday short from good resistance @ 508.If I were to short ARM 3,000, I have three options:-

1) I can sell 2114 at 501.5, with the remaining 886 at 500.5 and be instantly filled at an average price of just over 501. This is what a conventional broker will probably offer you if you wanted to short or close a long.

2) I can place a sell order for 3,000 @507 (or 507.5) - in which case everybody's screens will update to show a new price of 501.5/507. I run the risk of not being filled or of being part filled if somebody else comes in at say 506. Interestingly, If I were filled @ 507, I could immediately place a buy order @502, which, if filled, would net me an instant 1% before commission (I pay 0.5% for the round trip).

3) I can place a sell order at 508 - in which case I join the back of the 508 queue, and get filled once all of the other 508s are filled (Dumb move on this book, but would strengthen the resistance if I was already short)In this example, my whole short would have been based on the resistance at 508 (50,000 is a significant sell order for ARM). So my stop loss says that the second 508 is breached, or the 50,000 @ 508 order is withdrawn, I'm out. I would have been proved wrong. ie stop loss is near as damnit 0%.Hope that answers your questions.

Gausie