Make money with bloomberg?

[Bloomberg Quant]

Hi,
please do not say, this is a stupid question, since I am not a quantfinance professional and interested in serious answers.....

If I would have access to a bloomberg account, it is not limited, normal working, I have no regulations, but I cannot trade over it, so I have to have an additional brooker (some online brooker or so). Is it possible to gain advantages of the bloomberg system to make money? I mean, is there any possibility/nice approach/trading strategy with which I can use the bloomberg infos I have, which normally traders do not have, to make money? So I mean not a random trading and beeing lucky, but a "systematical" approach?

What could that be?
Thanks.

 

[Keith Tan]

many prop firms use bloomberg in their trading models. you need to devise your own strategy.

 

[Runkelus]

So you're asking if you can somehow leverage some quality data to implement a successful trading strategy, that you didn't even come up with yourself? Sorry, that's not a great question. If it was that easy, everybody would make money. I suggest you do some research for yourself, and a lot of it.

 

[carlfox]

Bloomberg has every thing and I mean everything. You can most certainty use this the terminal to make money. First thing I would do is play around on it and also do the Bloomberg Essentials which you get to by BESS <go>, watch the videos and take the tests if you want to. Also if you are stuck on anything click H<help> <help> and ask them. You can also backtest your strategies using bloomberg. Use the bloomberg excel addin if you can, it is truly amazing. Learn how to navigate the bloomberg terminal and you can use it to test your strategies and hopefully make money.

You can also use it for networking. Type in the persons name and you should get company, phone, and email, try and use this to your advantage. In my personal opinion Bloomberg Terminals are AMAZING when used properly.