There’s a good probability that if you want to work in finance or are presently employed in it, you have heard of a Bloomberg terminal. You will be introduced to one of the market’s most popular sources for real-time financial information in this Beginner’s Guide to Bloomberg tutorial. This manual offers an introduction to using a Bloomberg terminal and is intended for new users. Please keep an eye out for the Advanced Guide to Bloomberg if you are a more seasoned user or if after reading this guide you wish to dive deeper into Bloomberg’s features.
We will look at how to download, install, and access Bloomberg in this simple guide. The basic use of the Bloomberg system will next be covered. Because the system uses a unique keyboard with some keys that are different from those on a “normal” keyboard, using Bloomberg is somewhat unusual. As a result, newcomers will find the navigation section of this guide to be crucial. We’ll discuss some of the Bloomberg’s market and news monitor features once you have a solid understanding of these fundamentals. The remainder of the tutorial will cover how to analyse securities as well as some insider knowledge and strategies for making the most of this amazing tool.
Key Takeways
- For decades, the Bloomberg Terminal has been a crucial data and information infrastructure for the financial industry.
- Today’s subscribers can download and use the Bloomberg software on a PC or a Mac instead of the outdated standalone terminals.
- The terminals of today provide a wealth of news and headlines, real-time quotes in many markets, tools for fundamental and technical analysis, economic research, and more.
Installation and Access
The two ways to start utilising Bloomberg are as follows. Subscribing to the Bloomberg service is the first step. You can do this by getting in touch with them (their regular phone number is (212) 318-2000). 1 The customer service professional can then record your request and have a member of the sales team get in touch with you. When the sales staff approaches you, they will explain the pricing and contract terms, which are specific to each user.
Be mindful, though, that Bloomberg is a costly system, and not all customers may find it useful to have their own terminal. If you choose to sign up for your own service, Bloomberg can either come out to your home or office and assist with installation over the phone. 2 Take note: although the software can be installed on the majority of PCs and Macs, you will be provided with a unique keyboard by the company to use the interface.
Locating a public space with a Bloomberg terminal is the second way to access Bloomberg. One can be found at many larger libraries and institutions, so start your search there.
The disadvantage of this strategy is that you will have to share the system with other users and won’t be able to customize it. However, the cost savings compared to purchasing an individual subscription to the system may offset these disadvantages for many customers.
Be mindful, though, that Bloomberg is a costly system, and not all customers may find it useful to have their own terminal. If you choose to sign up for your own service, Bloomberg can either come out to your home or office and assist with installation over the phone. 2 Take note: although the software can be installed on the majority of PCs and Macs, you will be provided with a unique keyboard by the company to use the interface.