Using stock quoting systems can help you achieve more success with your stock trading, but to get the most benefit from them you need to choose the right system for your investments. Some may provide too little information, while others may provide too much information that will only distract you and take you off course.

Level II stock quotes are one of those quoting systems that provide a lot of information, but this information can be useful if you are into day trading or trading penny stocks. These quotes allow you to track the buying and selling by market makers, wholesalers and electronic communication networks. By following some of these players you may get signals that will help you get a better feeling of the future stock price of certain markets.

These quotes will also provide you with the ask price, highest bid and the size of the order. This can help you track increased or decreased interest in a particular area. It is important to note that this quote only shows specific things like highest bid or lowest ask, but it doesn’t necessarily show prices for the whole order.