Are Level 1 or Level 2 options recommended for beginners in the digital currency market on webull? 🤔

3 answers

• HAILE FIDAApr 07, 2023 · 2 years ago
  As a digital currency beginner on webull, it is generally recommended to start with Level 1 options. Level 1 options provide basic market data, including bid and ask prices, volume, and last trade price. This information is essential for beginners to understand the current market conditions and make informed trading decisions. Level 1 options are suitable for those who are just starting out and want to get a feel for the market without overwhelming themselves with too much information. It allows beginners to focus on the essentials and gradually learn about more advanced options as they gain experience.
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• Game EngineerNov 06, 2020 · 5 years ago
  If you're a beginner in the digital currency market on webull, Level 1 options are the way to go. They provide you with the necessary information to make informed trading decisions without overwhelming you with complex data. Level 1 options give you access to bid and ask prices, volume, and the last trade price. These are the basics you need to understand the market and start trading. Once you feel comfortable and have gained some experience, you can consider upgrading to Level 2 options, which provide more detailed market data, such as market depth and real-time quotes. But for beginners, Level 1 options are recommended to keep things simple and manageable.
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• Chris HansenFeb 06, 2025 · 6 months ago
  For beginners in the digital currency market on webull, it is advisable to start with Level 1 options. Level 1 options provide essential market data, including bid and ask prices, volume, and last trade price. This information is crucial for beginners to make informed trading decisions. Level 1 options are suitable for those who want to focus on the basics and gradually learn about more advanced options. However, as you gain more experience and confidence, you may consider upgrading to Level 2 options. Level 2 options offer more detailed market data, such as market depth and real-time quotes, which can provide deeper insights into the market. But for beginners, Level 1 options are recommended to avoid overwhelming themselves with too much information.
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