Bloomberg Terminal overrated? | Forex Factory

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Bloomberg Terminal overrated?

  • #1
  • First Post: Jan 7, 2011 11:12am Jan 7, 2011 11:12am
I am Using Bloomberg terminal at university and i have to say I feel that it is overrated. Compared to some of the free platforms that yu can download from the net...

To be fair there is a heck of alot more in terms of depth, but as a retail investor I doubt i would use any of it!

any one else used the Bloomberg terminal?
  • #2
  • Jan 16, 2011 7:08am Jan 16, 2011 7:08am
Well, sure the Bloomberg terminal must be overrated for retail traders, especially that they are always focused on Spot FX prices and charts and economic releases and related news, which is pretty much represent some 1% of the content and data inside Bloomberg if not less actually....

I used Bloomberg for a very short period of time and I can tell you, it's not for the retail trader at all....


Regards,

Nader
  • #3
  • Jan 16, 2011 7:36am Jan 16, 2011 7:36am
Quoting Revstar
I am Using Bloomberg terminal at university and i have to say I feel that it is overrated. Compared to some of the free platforms that yu can download from the net...

To be fair there is a heck of alot more in terms of depth, but as a retail investor I doubt i would use any of it!

any one else used the Bloomberg terminal?
It doesn't look flashy because its a tool. A professional tool at that. It is the standard. Nothing else comes close for most professionals at IB's, HF's etc when it comes to market research.

I personally like the MS-DOS style look. I am a nerd though
  • #4
  • Last Post: Jan 16, 2011 10:21am Jan 16, 2011 10:21am
nothing wrong with being a nerd :-)

I quite like the fact that it is functional, but I think in terms of using it for retail investment/trading I dont think it would be beneficial as there is just too much on there... for the retail investor..

I am trying to get used to navigating my way around it to be able to do research and analysis... getting there slowley... :-)



Quoting syd360
It doesn't look flashy because its a tool. A professional tool at that. It is the standard. Nothing else comes close for most professionals at IB's, HF's etc when it comes to market research.

I personally like the MS-DOS style look. I am a nerd though
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