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Bloomberg Terminal

  • #1
  • First Post: Sep 29, 2022 8:09am Sep 29, 2022 8:09am
Hello everyone..I am wondering if someone can help me with this. What is the significant advantage of using bloomberg terminals? I really don't know all that they do to fully appreciate them. I read that the cost is $2000/mo. and I am thinking if it gives such an edge, why wouldn't regular traders use it since the benefits should outweigh the costs? Please help me to understand.

Because if it's simply getting the news at the same time as institutions, and I could catch a 40 pip move for all of the news releases, then it seems worth the sacrifice
  • #2
  • Sep 29, 2022 9:36am Sep 29, 2022 9:36am
Quoting Ydubbs
Hello everyone..I am wondering if someone can help me with this. What is the significant advantage of using bloomberg terminals? I really don't know all that they do to fully appreciate them. I read that the cost is $2000/mo. and I am thinking if it gives such an edge, why wouldn't regular traders use it since the benefits should outweigh the costs? Please help me to understand. Because if it's simply getting the news at the same time as institutions, and I could catch a 40 pip move for all of the news releases, then it seems worth the sacrifice...
Well, I am also interested to know more! By the way, I guess there have little access on institutional data like volume! It’s all about my guess, nothing else!
  • #3
  • Sep 30, 2022 3:39am Sep 30, 2022 3:39am
Hello,
you're naive to believe such things.
You have to see what you are doing. News will not help you. Others know more than you believe me your money is gone.



  • #4
  • Sep 30, 2022 3:41am Sep 30, 2022 3:41am
Quoting christianleo
{quote} Well, I am also interested to know more! By the way, I guess there have little access on institutional data like volume! It’s all about my guess, nothing else!

volume you are right about that.
  • #5
  • Oct 1, 2022 8:38am Oct 1, 2022 8:38am
I had the opportunity to use the terminal, definitely not worth it for a retail trader, Does it give you an edge? Depends. If you are working in media, and you need a constant update on financial news is a very good reference, if you are a Liquidity provider and you are pricing derivatives you need constant communication and price reference, it's a great tool. Is it handy to have all this information and functionalities in the same place? yes... But unless your employer is paying for the subscription, you can pretty much do everything that the platform offers on the Internet or with another provider way more affordable.
  • #6
  • Oct 6, 2022 8:01am Oct 6, 2022 8:01am
Quoting bascupower
I had the opportunity to use the terminal, definitely not worth it for a retail trader, Does it give you an edge? Depends. If you are working in media, and you need a constant update on financial news is a very good reference, if you are a Liquidity provider and you are pricing derivatives you need constant communication and price reference, it's a great tool. Is it handy to have all this information and functionalities in the same place? yes... But unless your employer is paying for the subscription, you can pretty much do everything that the platform...

Oh I see! So, it’s not such a useful tool for the retail traders!! Thanks for your info; but the price (service charge) is really confusing!
  • #7
  • Oct 6, 2022 8:33pm Oct 6, 2022 8:33pm
Bloomberg's marketing and sales teams must be very good then, getting tons of companies to buy their subscription at such a high price for decades.

In case anyone doesn't get it, that was sarcasm.
  • #8
  • Oct 6, 2022 11:49pm Oct 6, 2022 11:49pm
Depends on your trading style. If you are macro / fundamental, I think Bloomberg Terminal is pretty solid. Seen some pretty amazing marco correlations and analysis that's come out of Bloomberg Terminal before. The ability to overlay different markets / trends is definitely best in class! Just need the cash to afford it, though.
  • #9
  • Oct 7, 2022 2:58pm Oct 7, 2022 2:58pm
Quoting tenkanzen
Bloomberg's marketing and sales teams must be very good then, getting tons of companies to buy their subscription at such a high price for decades. In case anyone doesn't get it, that was sarcasm.
Bloomberg is famous name ... Possible that only this can provide price more then zero without included more then in the MT5 ... All brokers that I know, I din't know before I started study trade methods. But many people who never no trade - know Bloomberg ... Expensive brand
  • #10
  • Edited 1:24am Oct 8, 2022 12:47am | Edited 1:24am
Quoting tenkanzen
Bloomberg's marketing and sales teams must be very good then, getting tons of companies to buy their subscription at such a high price for decades. In case anyone doesn't get it, that was sarcasm.
Back in the day, financial firms had the client on the phone while at the same time the agent was chatting on the terminal with the LP, pretty much any agent on the dealing desk had one terminal, and it was critical to have all functionalities in the same place. If your firm was not using Bloomberg they were missing a big part of the OTC Market.

Nowadays the OTC markets are completely automated, where before you saw 20 terminals you rarely see now more than 2 per firm or none. Where before the chat was used to close deals now is more like LinkedIn chat.

So yes the sales and Marketing team are making a pretty good job of targeting retail clients who are willing to pay 24k a year for a tool that most of their functionalities can be found on the Internet for free and the other valuable functionalities will never be used.

Don't give me wrong I still think is a great tool, but not at that price tag.
  • #11
  • Last Post: Oct 8, 2022 9:30pm Oct 8, 2022 9:30pm
Quoting Ydubbs
Hello everyone..I am wondering if someone can help me with this. What is the significant advantage of using bloomberg terminals? I really don't know all that they do to fully appreciate them. I read that the cost is $2000/mo. and I am thinking if it gives such an edge, why wouldn't regular traders use it since the benefits should outweigh the costs? Please help me to understand. Because if it's simply getting the news at the same time as institutions, and I could catch a 40 pip move for all of the news releases, then it seems worth the sacrifice...
A BB terminal would not provide an edge like this… Especially with forex. I think you could make a case for it boosting productivity when it comes to analyzing fundamentals of stocks/macros, but it doesn’t provide an edge in of itself.
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