Data analysis plays a critical role in potentially minimizing risks and maximizing investment returns for investors. It's not just about numbers and charts; it's about making informed decisions that can help ensure a stable and prosperous life.
This commitment to market data and its importance wouldn't be possible without global partners. By working closely with them across different regions, moomoo will further expand its reach, and deliver localized services that meet the unique needs of each market. That's why the investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insightshas recently formed a global strategic partnership with Nasdaq. They are working together to provide the best experience with in-depth market data for all of their users globally.
Global Partnership with Nasdaq
The collaboration between moomoo and Nasdaq dates back to the year when moomoo was first launched as a trading app in the U.S. To commemorate their six-year partnership, moomoo hosted an exclusive event hosted at the Nasdaq MarketSite at Times Square in New York City on April 29.
The New York event brought together esteemed business partners, including over thirty key opinion leaders from seven markets, to celebrate financial education empowerment during last month’s Financial Literacy Month.
Starting in May 2024, moomoo and Nasdaq kick off this partnership by enabling eligible investors to enjoy market depth through level 2 market data, powered by Nasdaq TotalView, a standard data feed that displays the full order book depth on Nasdaq. It offers a snapshot of every single quote and order, at every price level in Nasdaq-, NYSE-, NYSE American- and regional-listed securities trading on Nasdaq; this includes 60-level bid and ask quotes with more than 20x liquidity of Level 2 data. The partnership offers users free premium market data for up to three months. (Click the link above for more details.)
This free trial ends on July 31, 2024. Afterwards, for continued access, subscription charges may apply.
How to Use Level 2 Data to Capture Potential Trading Opportunities
- Uncover bullish and bearish signals.
Price aggregation provides traders with visualized prices, enabling quick grasping of the relative strength of buyers and sellers. Analyzing the X and Y axis provides an overview of the market's order flow and trading activity.
- Identify support levels and construct stop-loss strategies with buys.
Experienced investors use stop-loss orders to help manage risk when buying stocks. It's crucial to identify a suitable support level to set a stop-loss order. If the stock price falls below a strong support level, it reduces the likelihood of a rebound. Large buy orders can act as short-term support levels to determine where to set a stop-loss order.
- Identify potential resistance levels and construct profit-taking strategies with sells.
Large sell orders can indicate potential resistance to short-term price increases, unlike large buy orders. Traders can use this information as a data point to help determine if they should consider selling the stock before the large sell orders are executed and try to make a potential profit at or below this resistance.
By merging TotalView's Level 2 data of real-time buying and selling insights, users can analyze investment opportunities with more accurate, timely market information, thus making more informed decisions.
Continuing to Evolve
As a user-focused global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights, moomoo’s utmost dedication lies in providing an unparalleled investment app experience. Their core competitive advantages can be summarized in these five key aspects, setting them apart: great real-time data, an intuitive trading platform experience, competitive fees, a seamless user experience, and personalized customer service.
With the customer always top of mind, moomoo will continue to elevate the trading platform experience and analytical tools through innovation while offering a diverse product portfolio in response to the evolving needs of global investors. Moomoo is thrilled with the remarkable success they have achieved so far. But they are not done yet. Building upon a strong foundation, the company’s next steps involve strategic global expansion. Moomoo will continue to expand its presence in key markets worldwide, capitalizing on the growing demand for innovative investment solutions.
This content covers technical analysis, other approaches, including fundamental analysis, may offer different views. This is only one point to consider and should not be solely relied upon when making trading decisions. This content is for informational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investing involves risk regardless of the strategy selected and past performance does not guarantee future results. There is no guarantee or assurance that the use of any tools or data provided on the moomoo app will result in investment success or reduce investment risk. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC. Nasdaq is an independent third party not affiliated with Moomoo Financial Inc.
See how eligible investors can get a free trial to enjoy market depth through level 2 market data, powered by Nasdaq TotalView as part of moomoo’s partnership with Nasdaq.