The Bloomberg Terminal is considered to be one of the most powerful machines on the globe. This is proved through the buzz which surrounds the use of the Bloomberg Terminal by various Bloomberg reporters to gain access to an insurmountable amount of data regarding government officials, bankers, etc.

What is the Bloomberg Terminal?

The Bloomberg Terminal is an advanced machine with central processing unit that was manufactured by the Bloomberg L.P, which allows professionals in different financial settings and different industries to receive Bloomberg Professional services which they can use to track and evaluate real-time financial data and trading trends moving on various trading platforms.

Bloomberg Terminals are leased and contracted based on a 2-year span. The lease is initially based on the number of display connections the terminals have. A majority of Bloomberg Terminals have two to six connection displays. The terminal provides a client server layout the server operating on a Unix platform which is a multiprocessor platform. The ‘client’ is a Windows application that normally links up with the servers of the users through a router. This router is given by Bloomberg and is installed right then and there.

Many traders and investors use Bloomberg Terminal to gain access to information they can use to predict accurate trading trends and prices. Mentioned below are some reasons why you should consider using a Bloomberg Terminal to enhance your trading experience:

Benefits of Bloomberg Terminals

Access to News from Around the World

Although most traders think about the data these terminals provide them pertaining to the financial markets, for example options values, and securities, the Bloomberg terminals also provide investors real-time market news and notifications from around the world mainly through a number of websites, wires and tickers. By simply accessing the ‘News’ option in the search bar, you will be able to gain access to the latest financial and non-financial news as well as important headlines worldwide. Alternatively, traders can also use different media platforms to gain information, for example the New York Times, through the terminal.

Access to Equities

Traders can also enhance their search for publicly traded equities and shares through Bloomberg terminals, as it allows users to categorize their search by name, country, exchange, etc. Moreover, other options in this menu also allow users to review and analyze historical pricing on each of the equity stocks in question. You can choose to view an entire description of a business, look at the outstanding corporate debt the business may have, and also evaluate different reports and estimations for its stocks and options along with several other factors, which is truly amazing.

Using the Bloomberg terminal, you can also compare different equities which might give you an edge of having an analysis report of two different equities. The comparison options consist of overall analysis, historical ratios and technical charts.

Investing in Fixed Income Securities

Similar to equities, the Bloomberg terminals also allow clients to look for real-time information pertaining to fixed income securities. This search can include a multitude of options, including corporate debt, municipal bonds and government bonds. With a matching and comparison system quite similar to that of the equities’ options, you can easily search for appropriate fixed income securities on a day to day basis, analyzing any changes in the security value or any yield-to-maturities.

Derivatives

Perhaps the best feature of the Bloomberg Terminal is its derivatives’ ability. And with this facility, traders can now look for real-time information and values on securities, namely exchange trade options, and future contracts (contract for WTI). However, Bloomberg also provides traders put price on hard derivatives. For example, when you talk about OTC options, Bloomberg will allow you to alter their options valuations strategies so the traders can come up with a said value.  So, using this option, traders can now think place values on an OTC option on let’s say the S&P 500.

All in all, this goes to show the power of Bloomberg terminals, and it is easy to say why they are the most widely used for trading and other purposes. So, if you want to avail all the aforementioned benefits of the Bloomberg terminal, it is time you consider using one yourself right away.

Market Place

MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.

It is no surprise we live in age of digital supremacy which has led us to manage certain aspects of our lives using a smartphone or a tablet. People are going mobile, there is no doubt about that and it is happening fast. And this technology is proving to be quite beneficial for everybody, which also includes traders and investors. A majority of investors now depend heavily on their phones to make active trades. They rely on their tablets more than they do on their laptops and computers. Why? That is because it is fast and it is frighteningly convenient.

And because of this sudden increase in demand for applications pertaining to trading and investing, developers are working day and night just to keep up with demand. A majority of brokerage companies have now completely incorporated the use of financial and trading applications for their clientele. And speaking of those applications, mentioned below are some of the best trading applications you should consider using to make your trades far more effective than before:

Top Apps to Have

StockTwits

You must have heard of Twitter. Well, StockTwits is just like Twitter for traders. This application will help you analyze and evaluate what traders are doing in the market. It will you read each move in real-time and will allow you to respond accordingly. With StockTwits, you will also be able to get to know about the rookie traders in the market as well receive information from some of the most well-known investment companies and media platforms. And the best part is the application is free.

FuturesLive

At times, some of the best applications are the easiest to use and it is in this regard you must consider using FuturesLive. Commodities’ traders continuously search for future quotes and there is no application better made for this function than FuturesLive. FuturesLive give traders a quotation from a variety of futures available from all big exchanges. It helps you organize those quotes and make categories like livestock and metals, in other words easier to understand.

Stock Guru for iPad

If you’re a big fan of the iPad, Stock Guru is just the application for you. Designed to be used on iPads only, it allows real-time evaluation of 7,000 stocks, which is amazing. You can evaluate the risk, financial integrity, momentum and a proprietary rating which adds everything up and presents it in the form of data files without the details (for those who don’t want to waste time understanding loads of information).

Bloomberg

You never know what’s going to happen tomorrow in the stock market. Things can get shaky in the blink of an eye and to be sure you’re not caught in a trade disaster, you’ll need an application which gives you on-time information and analysis in real-time. Bloomberg is the application of choice of many top traders in the market. The application provides up to date world financial news, graphs, stock quotes, etc. It also has a breaking news feature which allows you stay in loop.

AnalystRT

Look, either you would hate analysts from Wall Street or you would love them. But the fact is you need financial analyses if you wish to succeed. Some may rely on their analysis but others choose to ignore it. If you can’t imagine a life without an analyst, consider using AnalystRT as the application contains perfect rating for over 1000 stocks and enables you to make a keep checking your favourite stocks you are considering to buy.

Trade Interceptor

If you’re a Forex trader, this app is a must-have for you. Trade Interceptor comes with a cool charting feature which allows you analyze and use all your indicators. You can use the app to keep an eye on the moving averages, ATRs, Bollinger Bands, etc. The app also provides traders RSS feeds and real-time Forex updates and news. And because it is a third-party application, you can use it to trade with other brokers as well and supervise multiple trading accounts.

NetDania

Another really helpful application designed for traders is NetDania and it can pair up to 160 currencies worldwide to different stock indices, for example Dow Jones, FTSE 100, DAX and Nikkei. Plus, the app has a ton of cool trading tools you can work with to improve your strategies and implement them quickly and effectively. NetDania also gives you complete access to trading news of all sorts in real-time and you can enable the option of getting notified whenever a report you’re interested in surfaces which is really useful for busy traders.

These are some of the best trading applications you should consider using.

Market Place

MKTPlace is a leading digital and social media platform for traders and investors. MKTPlace offers premiere resources for trading and investing education, digital resources for personal finance, news about IoT, AI, Blockchain, Business, market analysis and education resources and guides.