Choose from 8 asset classes and get access to + trading instruments
Right click to Buy and Sell right from the chart.
Price history
See the history of the best BID/ASK price movement. Build any charts - including Renko, Kagi or Line break, with fully customizable settings. This becomes even more important for automated strategies testing.
Search instruments by typing their name.
Slippage control
Enable the maximum slippage option to set the limit of the possible worse price for market or stop type orders. Set it to zero to eliminate worse executions completely.
Total liquidity might go beyond the 10 levels.
Market depth
This granularity helps the traders determine the magnitude of buy and sell orders at different prices. It shows where the most orders are concentrated.
Manual, automated and chart trading
indicators and chart studies
Calendar of economic events, news
Automated trading on user's machine or Strategy Server
Automated trading historical tester
Renko, Range bars, Point Figure and Line break charts
Plugin support
Multi-language interface
Wide range of trading orders: Market, Limit, Stop, Take Profit, Stop Loss, Stop Limit, Trailing Stop, Place Bid/Offer, OCO, IFD etc.
Hedging and scalping allowed
Choose from 68 indicators and chart studies.
Cloud storage
Open your trading platform on any computer with the layout and chart templates synchronized.
Events are arranged by their priority.
Web charts
See the data of the economical events and their impact right on the chart.
See amount in your account’s basic currency or the % of your total exposure.
Exposure
Monitor your exposure by assets, instruments or positions. Build your trading strategies wiser.
Optimized for quick access
Manual and chart trading
68 indicators and chart studies
Automated trading on Strategy Server
Live market news and calendars
Workspace saving on JCloud
Low technical requirements
Multi-language interface
Everything is visible on one scale. No need to check the market.
STOP LOSS & TAKE PROFIT
Respond to market changes by monitoring distance till your Take Profit & Stop Loss levels, opening price and current market price - all in one place.
Switch between timeframes, chart types and price sides in one click.
CHARTS TAB
Great selection of indicators and drawing tools take your trading to the next level.
Monitor instrument’s daily percentage change.
NAVIGATE the MARKET
Add your favorite Forex and CFD instruments and follow daily highs and lows.
Live, secure and persistent connection with server
Instant order execution
Wide range of trading orders (including stop / limit / bid offer )
OCO / merge functionality
Access to trading reports
Automated trading on Strategy Server
Live Charts with technical analysis
FX Market News
Economic Calendars
Dukascopy TV
Daily High/Low
Movers & Shakers
Pivot Point Levels
Functionality at Dukascopy | JFOREX | Apple iOS | Web | Android |
---|---|---|---|---|
Slippage control | ||||
Place BID/Place OFFER orders | ||||
Hedging support | ||||
"Net Position" mode | ||||
Technical analysis tools | ||||
News and analytics toolstools | ||||
Market Alerts | ||||
Communication tools | ||||
Automated trading (strategies builder) | ||||
Multi-lingual interface | ||||
Customized settings | ||||
Frequency of updates set-up | ||||
Trailing Stop Orders | ||||
One-click Mode |
SWFX
I took a stab at the modifications you requested, here’s a screenshot:
BB
disp_ask_eunic-brussels.eu4
looking for bid ask tick indicator
is there any bid ask tick indicator that will show in histogram on each bar when ask price move it will add ask histogram same for bid price?
thx
Well, I do not believe it is for anything, but I did the exercise. The indicator can only be used on a regular timeframe (no offline chart), as it has data grouped by a minute. And DLL must be enabled as I do not use MQL file operations but rather the kernel.
eunic-brussels.eu4
The main file for curious people, not compilable:
eunic-brussels.eu4
Thank you sir i will try
eunic-brussels.eu4
The main file for curious people, not compilable:
eunic-brussels.eu4Ovo
THANKS YOU VERY MUCH THIS IS WHAT I NEED
eunic-brussels.eu4
The main file for curious people, not compilable:
eunic-brussels.eu4hello ovo,
very good indicator but there is line of ask bid difference hard to read once bars gets bigger in volume is there any thing can you do to read easy that line or make another indi. that will show only line so i can read difference between them
thanks
Is it possible to output the data to file? Any idea how to do this?
Would like to record how many buy & sell ticks for each candle stick and total them later for a given time period.
It outputs the data to a file in the common data folder. The name could be guessed from the source, and the path&name is similar like this:
and its content is sequence of this structure, each containing a summary data for a single minute.
[CODE]struct PriceTickStructure:MT4Structure {
datetime time;
uint bidCounter;
uint askCounter;
};eunic-brussels.eu4
The main file for curious people, not compilable:
eunic-brussels.eu4hello Ovo,
please i request you if you are able to make just line work instead of bars so i can see clear difference between ask and bid
thanks sir
please i request you if you are able to make just line work instead of bars so i can see clear difference between ask and bid
thanks sirAverage will raise only on news. It is highly predictable when the spread is growing
Help Centre – Find the answers you’re looking for using our in-depth knowledgebase or contact our friendly customer support 24/7
Here are the most common questions a trader would normally ask us or consider to ask before opening an account with us.
For more information on help resources related to IC Markets Global and the products we offer,
simply type your question below or visit our live chat service.
IC Markets Global offer two types of accounts, Standard account and our market leading, Raw Spread account.
Raw Spread Account: This account shows the Raw inter-bank spread received from our liquidity providers. There is a commission charge of $7 per standard lot round turn.
Standard Account: We do not charge a commission on Standard accounts but instead, there is a mark up applied to the spread of pip above the raw Inter-bank rate received from our Liquidity providers.
Further information about the different types of trading accounts available can be found on our Account Overview page.
IC Markets Global has two MetaTrader account types, a Standard account and our market leading, The Raw Spread account. IC Markets Global does not charge a commission on Standard accounts but instead applies a spread mark up of pip above the Raw inter-bank prices received from our liquidity providers. IC Markets Global Raw Spread account shows the raw inter-bank spread received from our liquidity providers. On this account we commission of $7 per standard lot round turn.
Below are commission rates for different base currency accounts:
AUD | round turn |
USD | round turn |
EUR | round turn |
GBP | round turn |
SGD | round turn |
JPY | round turn |
CHF | round turn |
NZD | round turn |
HKD | round turn |
IC Markets Global allows clients to open an account with as little as USD $ or currency equivalent.
Our mission is to provide traders with the lowest spreads and fastest executions possible across over + Forex products including Forex, precious metals, stocks, futures and other CFDs on Commodities. We have invested heavily in technology and established strong relationships with some of the largest and most reliable pricing providers in the market.
To find more about products offering click here: range of products.
We also strongly suggest to thoroughly read our Account Terms available for the attached costs, risks and your responsibilities before deciding to trade with us.
This is one of the most frequently asked questions. The difficult part in understanding ECN and STP meanings is that those have been interpreted differently by many people. There are three main business models used by Forex brokers which differ by the way the transactions are handled and orders are executed: ECN, STP and Market Makers.
ECN: ECN stands for 'Electronic Communication Network' which is simply a technical term that is used to describe how banks and liquidity providers connect to each other to form a bid and offer price. In the Forex industry, it can be used to identify providers who use this type of pricing mechanism in order to offer raw interbank pricing to retail traders. Under this model your broker will stream raw prices and your trades will be offset with another client, a liquidity provider or held internally by the broker. This usually results in faster trade execution. This is distinct from order execution that may result in an offsetting order placed with a liquidity provider.
STP: This term stands for 'Straight Through Processing' and is used when a Forex and CFD provider processes all trades at market prices obtained from a liquidity provider, this price is simply passed on by the broker. This is not dissimilar to the ECN pricing model in that the price is not altered and there is no dealing desk intervention when the trade is processed, hence it is known as STP.
IC Markets Global is the issuer of the products it provides. We consider ourselves to be a forex provider offering the ECN pricing model as we source our pricing from external unrelated liquidity providers , these prices are passed onto you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed we do not offset each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.
Opening an account is simple. Click on the Open a Live Account link and complete your application form.
Once your on-line application form has been approved by our accounts team you will be emailed your trading account login details and password.
IC Markets Global is one of the world's leading Forex CFD provider. The company was incorporated with the vision of providing fair and transparent Forex trading to active traders. IC Markets Global is dedicated to bringing solutions previously only available to professionals and large global investment banks to retail investors and traders around the world. For additional information about IC Markets Global, please visit the About Us page.
IC Markets Global is a privately owned company. IC Markets Global's management team is comprised of individuals with over 20 years' experience in derivative products. IC Markets Global's founders were instrumental in the success of one of the largest CFD provider.
IC Markets Global is regulated by the Financial Services Authority of Seychelles (FSA).
IC Markets Global holds client money in segregated client trust accounts in Tier 1 banks.
IC Markets Global hold client money in segregated client trust accounts with a number of top rated International banks. We spread the client money across multiple banks to reduce the counterparty risk to any one bank.
We only collect personal information which is reasonably necessary to provide you with quality products or services, conduct identification checks to meet our legal regulatory obligations and combat fraud. We do not sell your personal information to any third party for marketing purposes. Our privacy policy outlines how we handle our customers’ personal information in detail.
Yes, we take the privacy of our customers extremely seriously and we have in place policies and procedures to safeguard the information we request. You can view our privacy policy which outlines how we handle your personal information.
Should your account security be compromised, we suggest you change your trading platform and Client Area passwords immediately. We recommend you store your passwords securely and not on a shared or public device. Should you become aware of a security breach, we recommend you change your passwords and contact us immediately to notify us of the incident.
IC Markets Global has two MetaTrader account types: Standard Account and our market-leading Raw Spread Account. IC Markets Global does not charge a commission on Standard Accounts; instead, we mark up the spread received from our liquidity providers. IC Markets Global's Raw Spread Account shows the raw interbank spread received from our liquidity providers. On this account we charge a commission of $ per standard lot round turn.
IC Markets Global allows clients to open a trading account with as little as USD $ or currency equivalent.
IC Markets Global offers flexible leverage options ranging from to You can change the leverage on your trading account via your Client Area.
IC Markets Global allows you to open multiple trading accounts. You can open an additional trading account via your Client Area.
The opening and closing times of IC Markets Global's prices are:
Opening time: MetaTrader 4 Server Time (Monday)
Closing time: MetaTrader 4 Server Time (Friday)
Please note the trading times of certain instruments may vary; you should refer to the relevant product section on our website for specific information.
IC Markets Global's rollover occurs at MetaTrader 4 Server Time.
Year | DST Commencement Date | DST Ending Date |
---|---|---|
10th March | 3rd November | |
8th March | 1st November | |
14th March | 7th November | |
13th March | 6th November |
The trading hours for gold (XAUUSD) are:
Opening time: MetaTrader 4 Server Time
Closing time: MetaTrader 4 Server Time
The trading hours for silver (XAGUSD) are:
Opening time: MetaTrader 4 Server Time
Closing time: (Friday ) MetaTrader 4 Server Time
IC Markets Global offers extensive online education. In addition, we regularly conduct educational webinars on a variety of topics. Webinar dates and times are published on our blog.
IC Markets Global offers over 75 currency pairs, including cryptocurrencies.
IC Markets Global also offers CFDs in precious metals, CFDs on Commodities, indices, futures, shares and bonds.
IC Markets Global offers its customers several ways of depositing funds into their trading account. Common deposit methods include bank / wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli. Our funding page provides further information about each method that we offer.
When funding your account using online deposit methods such as credit cards, Paypal, Neteller and Skrill, your deposit will appear instantly in your trading account.
Wire transfers and Bpay within Australia normally take one to two business days. For international bank transfers, please allow up to three to five working days.
You can submit a withdrawal request from within your Client Area. All withdrawals received before midday AEST / AEDT will be processed on the same business day. Our full withdrawal policy can be found in the withdrawals page on our website.
Opening an account is simple. Click on the Open a Live Account link and complete the account application form.
Once your online application form has been approved by our accounts team you will be emailed your trading account and secure Client Area login details and password.
Under the Anti -Money Laundering Act of Financial Services Authority of Seychelles, IC Markets Global is required to verify your identity before opening a trading account for you.
Identification must be provided in the form of photo ID and proof of address to enable us to verify your identity.
Photo ID
• Must be clear and visible
• Must be issued by a government agency
• Name, signature, expiry date and date of birth* must be clear
* Please note that IC Markets Global does not accept account applications from any persons under the age of 18
Proof of Address
• Must be no older than 6 months
• Must show the same name and address as your account application
Our anti-money laundering policy contains further information regarding our identification requirements.
No, IC Markets Global does not pay interest on account balances in any currency.
No, IC Markets Global does not accept US clients. US CTFC regulation prevents US clients from trading with brokers outside the US.
Yes, we allow both hedging and scalping trading strategies. Our spreads and trading conditions are the preferred choice of many day traders and scalpers globally.
IC Markets Global is not able to open new positions over the phone. However, should you wish to close out positions, please call our support team on +61 (0)2 and we will accept instructions from you.
No, you will not be charged any account inactivity fees.
While demo accounts and live accounts provide similar trading experiences, the demo accounts are predominantly used for familiarizing yourself with the trading platform and educational purposes only. We do not guarantee that the performance of a demo account will be the same as that of a live account as our demo accounts are not connected to our live trading environment.
Forex brokers use three main business models which differ in the way the transactions are handled and orders are executed: ECN, STP and Market Makers.
ECN: ECN stands for 'Electronic Communication Network', which is simply a technical term that is used to describe how banks and liquidity providers connect to each other to form bid and offer prices. In the Forex industry, it can be used to identify providers who use this type of pricing mechanism in order to offer raw interbank pricing to retail traders. Under this model your broker will stream raw prices and your trades will be offset with another client or liquidity provider, or held internally by the broker. This usually results in faster trade execution. This is distinct from order execution, which may result in an offsetting order placed with a liquidity provider.
STP: This term stands for 'Straight Through Processing' and is used when a Forex and CFD provider process all trades at market prices obtained from a liquidity provider. This price is simply passed on by the broker. This is not dissimilar to the ECN pricing model in that the price is not altered and there is no dealing desk intervention when the trade is processed; hence, it is known as STP.
Market Maker: Typically, market makers operate a dealing desk in order to create their own prices. These prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market.
IC Markets Global is the issuer of the products it provides. We consider ourselves to be a Forex provider offering the ECN pricing model as we source our pricing from external unrelated liquidity providers. These prices are passed on to you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed, we do not hedge each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.
When you trade with us, you are trading with IC Markets Global as principle, this is the case with all Forex and CFD providers globally.
We do not operate a proprietary trading book, we source our prices from external unrelated liquidity providers or directly, these prices are then passed onto you with no dealing desk intervention.
IC Markets Global streams prices from its liquidity providers, who, in their turn, derive those prices from the market (or exchange) in the case of Stocks CFDs and from banks and non-bank liquidity providers in the case of Forex. The source of the underlying market price may vary for each product.
Although IC Markets Global's prices come from its liquidity providers and IC Markets Global is not practically involved in the making of the price, simply streaming prices which it receives, the prices nonetheless become IC Markets Global's prices when it provides them to its clients to trade on. This is the case for all derivative products which IC Markets Global offers to its clients.
If you trade , ()
Commission is $ for opening, and $ for closing; $ for the full round-turn
If you trade 10, ()
Commission is $ for opening, and $ for closing; $ for the full round-turn
If you trade 1, ()
Commission is $ for opening, and $ for closing; $ for the full round-turn
On MetaTrader 4 all commission charge for a position is applied at the opening of the trade.
On MetaTrader 5 commission is charged per side (opening/closing).
*On MetaTrader 5 the commission column is not rounded up to 3 decimal places but to 2 decimal places only. Thus, commission on a micro lot size $ per side is rounded to $
IC Markets Global is the issuer of the products it provides. Our Securities Dealer License allows us to make a market; however, we consider ourselves to be a CFD provider offering the ECN pricing model as we do not operate a proprietary trading book and source our pricing from external unrelated liquidity providers. These prices are then passed on to you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed, we do not offset each and every single position with our liquidity providers.
When you trade with us you are trading on prices streamed from our liquidity providers. IC Markets Global does not have a dealing desk that creates its own prices.
The prices we offer are streamed various liquidity providers.
IC Markets Global's Securities Dealer License allows us to make markets, this is the case for all CFD and Forex providers globally. We are not a broker to you but a Forex and CFD issuer. Simply put, acting as a principal to your trades, we are the sole counterparty that allows you to access prices streamed from our liquidity providers that supply IC Markets Global with the bank and non-bank pricing.
Technically, when you buy a product at IC Markets Global, we are selling that product to you. It is not possible for you to buy that product at the exchange directly to complete the transaction due to the attached requirements for higher trade sizes, and margin costs, etc., thus, it has to be dealt with IC Markets Global on a principal basis alone.
Typically, market makers are considered to be Forex and CFD providers who operate a dealing desk in order to create their own prices, these prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market.
On our Raw Spread Account, the average spread on gold is 1 pip. Detailed information can be found on our spreads page.
On our Raw Spread Account, the average spread is pip. Detailed information can be found on our spreads page.
All trades are filled based on the prices we stream on our trading platforms. We adopt a market execution model whereby stop loss and take profits orders are triggered based on their pre-set conditions and executed at the price available at that time. We do not offer guaranteed stop loss orders.
Information regarding our swap rates can be found on our website. They can also be found from within the MetaTrader 4 platform: simply go to Market Watch, right-click on an instrument and select ‘Specifications’. A new window will then open and the swap rates will be displayed.
Yes, we do offer oil as a spot and future commodity CFD product. More information can be found on our CFDs on Commodities product page.
Triple swap rates are charged on Wednesday. The reason for this is that spot Forex contracts have a two-day settlement period. For example, a spot Forex contract that occurred on Monday settles on Wednesday, a trade that occurred on Tuesday settles on Thursday, a trade that occurred on Wednesday settles on Friday, but a trade that occurred on Thursday settles on the following Monday. In this example, the trade that occurred on Thursday rolled through the weekend because the banks are closed on Saturday and Sunday. Triple rollover interest is applied to positions held open at 5pm New York time on Wednesday as this time marks the beginning of the new hour trading day (Thursday).
You should note that swap rates can be negative or positive, depending on the currency pair traded and the prevailing interest rates at that time.
IC Markets Global offers over + Stocks CFDs. The full list can be found on our Stocks CFD product page.
A dividend adjustment is applied to a share or index CFD position in the event of a dividend payment occurring in the underlying share or share constituent of an index. The ex-dividend date is the day a stock starts trading without its dividend payment. In the case of an index, an adjustment will be made that is equal to the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. The ex-dividend figure estimated by Bloomberg, rounded to the tick size we use for that index, is used to determine what adjustment to apply. In the case of long positions, the dividend adjustment is in the form a trading account credit. In the case of short positions, the dividend adjustment is in the form of a trading account debit.
The most common reason is that incorrect prices have been referred to. You must refer to the bid prices to check whether the requested take profit price level on a buy trade has been reached or not. However, in the case of a sell trade, you must refer to the ask prices. It is also important to note that a standard account has pip mark-up on the raw spreads. This spread mark-up does not appear in bid prices recorded on the chart by default.
IC Markets Global's margin stop out level on all trading platforms is 50%, which means that if your account's margin level drops to or below 50% of the margin required, the system will start closing your open positions automatically.
Events such as markets gapping over the weekend or on major holidays, where liquidity is thin, can increase the chance of your positions being stopped out and a negative equity situation occurring. In case you lose more than your current account balance, you should be aware that you will bear the negative consequences of such adverse events.
IC Markets Global uses a market execution model. A market execution model means that all trades and pending orders are filled at the prices we stream on the platform at the time an order is placed.
IC Markets Global does not offer instant execution.
Our average trade execution speed is around 35 milliseconds on currency pairs. Our trade servers are in the Equinix NY4 data centres in New York. We have cross connects in place with our liquidity providers to ensure faster trading execution speeds.
IC Markets Global does not charge any additional fees or commission for CFD indices trading.
You can unsubscribe from the emails that we send you by simply logging into your secure Client Area and selecting Account Details under the ‘Profile’ section. From here, you can check or uncheck the ‘Newsletters and Special Offers’ option and click on the ‘Update Information’ button to submit the changes.
You can subscribe to our daily market forecasts by visiting your secure Client Area. Select Daily Market Forecasts under the ‘Trading Tools’ section. You may choose to subscribe to daily market forecasts from either Autochartist or Trading Central, or both.
We do not offer a FIX API connection into MetaTrader 4 or 5. You can, however, connect to our cTrader platform via FIX API. More information regarding this can be found at cTrader help centre.
IC Markets Global offers a variety of partnership programs including, but not limited to, Introducing Brokers, Affiliates, etc. Detailed information can be found at the partnerships section on our website.
A demo trading account contains virtual money and is absolutely risk-free. Demo accounts are designed as an educational tool to familiarize customers with our trading platforms without losing real money.
To add funds to your demo trading account, go to Account Summary under the ‘Accounts’ section of your secure Client Area. Scroll down the page to go to your ‘Demo Accounts’ section. You can add virtual money to your demo account by clicking on the ‘Add Funds’ options marked with a green dollar ($) icon available at the end of the account row.
Please note that all client funds are held in segregated trust accounts with top International banks, away from the company’s own funds. Clients with a net credit balance at the time of insolvency can be paid both from funds that are held in the segregated trust accounts and also from the company’s other available funds. Fortunately, IC Market Global's corporate account balance is substantial and in the very unlikely event of insolvency those funds would cover clients, we well exceed the capital requirements set by our regulators.
Unfortunately, we are unable to offer you a personal trading advice that may impact your trading decisions. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Forex, or the 'Foreign Exchange Market', is the largest financial market in the world, with a daily average turnover of approximately US$3 trillion. Forex trading is the simultaneous buying of one currency and selling of another. The price of currencies is floating and dependent on supply and demand. Foreign exchange is always traded in pairs, for example EUR/USD or AUD/USD.
Making money trading Forex involves buying lower and selling higher or selling higher and buying back lower. Using leverage means that you are able to deposit a smaller amount of money to achieve the same buying power as you would have if you bought and sold the currencies outright.
When using MetaTrader 4 or MetaTrader 5 to trade with Octa, there are two basic options: web-based or desktop trading. Web-based trading is easy: just enter the MetaTrader web terminal and start trading. It does not require any software—just your browser, so you can log in and open orders from any computer.
Desktop trading requires that you download and install MetaTrader 4 or MetaTrader 5 for PC. It limits your mobility to trading on one computer, but these PC MetaTrader versions have more features, support more chart windows, and generally work faster. They are considered to be more reliable, too.
We have prepared a short guide for you to explain the following aspects of using MetaTrader for PC:
MetaTrader 4 | MetaTrader 5 | |
Known as | Simple and popular | Technically advanced |
Who might like | Everyone | Tech traders |
Currency pairs | ✔️ | ✔️ |
Commodities | ✔️ | ✔️ |
Indices | ✔️ | ✔️ |
Cryptocurrencies | ✔️ | ✔️ |
Stocks | ❌ | ✔️ |
Level 2 market depth | ❌ | ✔️ |
Partial fills | ❌ | ✔️ |
Demo accounts | ✔️ | ✔️ |
Maximum leverage | ||
Timeframes | 9 | 21 |
Precision | 5 digits | 5 digits |
No swaps | ✔️ | ✔️ |
Lowest spread | pips | pips |
We also feature MetaTrader 5 ECN accounts with fixed commissions and spreads starting from pips.
Download MetaTrader 4 for Windows
Download MetaTrader 5 for Windows
Download MetaTrader 4 for Mac
Download MetaTrader 5 for Mac
Open account
Use the credentials from our email to log in to your MetaTrader account. To do that, follow these steps:
You can also use the toolbar to switch between timeframes. MetaTrader 5 has 21 of them, but only 9 are shown by default. To show the hidden timeframes, right-click any of them and choose Customise. Then, use the menu to Insert timeframes into your toolbar or Remove them.
You can customise the Market Watch window by right-clicking any symbol. In the context menu, select the Chart Window option to open a new chart window for the current symbol. Additional tools like Tick Chart or Depth of Market are also available in this menu for any trading instrument.
Manage your list of displayed symbols by pressing Symbols or just Hide, Hide All, or Show All of them. Check or uncheck options like Spread or High/Low to add or delete columns with crucial characteristics like spread, Bid and Ask prices, and so on.
Deposit
In the new order window that opens, set the details of your order.
If you currently work in the finance industry, or have aspirations of doing so, chances are you have heard of a Bloomberg terminal. This Beginner's Guide to Bloomberg tutorial will introduce you to one of the industry's most widely used sources for real-time financial information. This guide is aimed at new Bloomberg users, and will provide an overview of how to use a Bloomberg terminal. If you are a more experienced user, or if after reading this guide you want to go into more detail on Bloomberg's capabilities, please be on the lookout for the Advanced Guide to Bloomberg.
In this basic guide, we will examine how to sign up for, install, and access Bloomberg. We will then go on to covering basic navigation on the Bloomberg system. Navigating Bloomberg is somewhat unique in that the system uses a special keyboard with some keys that are different from those found on a "normal" keyboard. Therefore, the navigation section of this guide will be important to newcomers. After gaining a working knowledge of these basics, we will then move on to discuss some of the market and news monitor functions that are available on Bloomberg. The remainder of the tutorial will include information on analyzing securities as well as some tips and tricks for getting the maximum possible benefit from this remarkable machine.
There are two ways to begin using Bloomberg. The first is to subscribe to the Bloomberg service. You can do so by contacting them (general contact number is () ). The representative you speak with can then take down details of what you are looking for and have someone from the sales team contact you. Pricing and terms of the contract are unique to each user and would be discussed when the sales team contacts you.
However, be aware that Bloomberg is an expensive system and that having your own terminal may not be practical for all users. Should you decide to subscribe to your own service, Bloomberg can help you install the software over the phone, or can come out to visit you and assist in installation. Note: the software can be installed on most PCs or Macs, but the company will give you a special keyboard for navigating the system.
The second method of accessing Bloomberg is to find a public facility that has a Bloomberg terminal. Many larger libraries and universities have one, so that is a good place to start looking. The downside of this approach is that you won't be able to customize the system and will have to share it with other users. However, for many users these drawbacks may be outweighed by the cost savings over subscribing to the system as an individual.
Once you have accessed the system, the next trick is to figure out how to navigate. A good starting place would be either to schedule a visit from a Bloomberg customer service representative or to call customer service for some help. Bloomberg is usually quite good at providing technical support and assistance, and a representative should be able to give you a good start on using the terminal.
The screenshot above shows the Bloomberg log-in page. Each user has a user name and password that will allow them to access the system, although at public facilities you might share this with other users. Once you have logged in, you're ready to begin using the Bloomberg system.
The Bloomberg terminal, from the perspective of the end-user, is a Windows-based application, making it compatible with the popular Excel program, a very important aspect of the system for those in the finance industry. Bloomberg also offers users access to the application online and through mobile devices, via its Bloomberg Anywhere service. For portfolio managers and brokers, having the ability to access real-time market information from almost anywhere in the world, is an incredibly convenient and important advantage of a Bloomberg subscription.
The first thing most people notice when they sit down in front of a Bloomberg terminal, is the keyboard. Although it is similar to a standard desktop keyboard, Bloomberg terminals substitute the function keys on a standard keyboard (i.e., F4) with market sector keys. Additionally, Bloomberg keyboards incorporate color coding to make use more intuitive. The function keys along the top of the keyboard are mostly color coded yellow and allow a user to navigate by asset class: government bonds, corporate bonds, municipals, commodities, equity, currency, and more.
For instance, if a user is interested in examining a stock, they will generally access it through the key. If they want to look at trading the US$ versus the Euro, most functions would be accessed with the key. There are also special function keys for preferred stocks and funds. The Bloomberg keyboard also has a special key for communicating with other users via email or instant message as well as a key that can be used when you require assistance.
Bloomberg uses abbreviations and tickers for most of its functions. For example, someone looking for a quote on Microsoft stock would type in the symbol for Microsoft (MSFT) followed by the key and then hit enter. This would bring up a menu of options relating to Microsoft stock. Since very few users know more than a small fraction of the almost limitless number of available Bloomberg options, these menus present an excellent way to see what sort of analytics are available for a given security or market.
Once you are familiar with Bloomberg, you might begin to memorize some of the shortcuts, thereby saving a step for familiar functions (as opposed to going through the menu.) For instance, if you want to see the basic description page for Microsoft's stock, instead of accessing it through the menu, you could instead type and then hit enter. The "des" is the abbreviation for description pages on Bloomberg, and this common function will provide a good general overview of most securities.
Note: Because there are an almost unlimited number of functions in Bloomberg, the best way to begin navigating the system is probably to use menus and then select your favorite functions from there. Over time, you can begin to memorize the shortcuts for your most commonly used functions, while continuing to use the menus for less frequent choices.
You will notice that there is a green key on the Bloomberg keyboard. This key can be your best friend, especially when you are new to the system. By hitting the help key once, you can get information about the screen that you are currently viewing. Hitting help twice will send an instant message to the Bloomberg help desk. You can then ask your question via live chat with a Bloomberg specialist who can guide you on using the terminal as well as on whatever particular function you are trying to access.
One of the nice features of Bloomberg is that it has a fairly robust messaging system. This system allows users to stay in contact with other users and is one of the reasons that Bloomberg is so ubiquitous in the financial industry. You can look up other users of the system in order to send them a message, and if you contact someone regularly, you can set them up on speed-dial as well. When messaging, you have two choices.
The first is to send a traditional message, which is basically like an email. The second is to open up an instant message window with the other user, which, as the name implies, is similar to traditional instant messaging. Both methods work great, so which one you chose is largely a matter of personal preference.
In addition to analyzing individual securities, a common use of the Bloomberg terminal is to monitor news updates and financial market movements. Here too, there is an endless array of possibilities, and which one users prefer is often a matter of personal choice. However, there are a couple of common screens that can serve as a starting point for new users. Note: When in doubt, the menu functions can also help here. The general menu that you see for most asset classes (including equities, currencies, commodities, etc.) will usually contain listings for market monitors that provide a good starting place for analysis.
The best place to begin looking for news on Bloomberg is by typing or and then hitting . These function bring up a page of the top news stories of the day, which are updated on an ongoing basis. Selecting any of these headlines will bring up the full story. Within the function, there are additional sub-menus that will allow you to view news stories that are filtered by asset class, geographic region, or topic.
For instance, you can choose to see the top worldwide stories, the top U.S. stories, or the top stories for stocks, for bonds, or for almost any other category you choose. You can also (if you are using your own personal Bloomberg) choose to set the default for top news to whichever category you prefer, so that when you type in you see the news category that is most important to you. The screenshot below shows an example of the screen for top worldwide news headlines.
As mentioned above, news can also be customized in a wide variety of ways. For instance, if you are primarily interested in the stock market, you can access top news for stocks. The screenshot below displays this. As you can see, the stock news screen is further broken down into sections: first for worldwide headlines, then by continent with North America, followed by Europe and finally Asia. Users seeking even greater detail can click on the regions in white to access stock news headlines specific to a region or country, such as the United States, Canada, Eastern Europe, etc.
There are a number of market monitor pages that cover a variety of asset classes, as well as some that cover a single asset class or market sector. The monitor below is accessed by typing into your Bloomberg. The PX1 screen is a little bit more focused on the U.S. Treasury bond market, while also giving updates on the Dow, Nasdaq, S&P, as well as the gold and oil markets.
The screenshot below is another example of a market monitor that is primarily focused on the bond market. This screen can be viewed by typing. Although this is another bond market screen, you will notice that it covers a broader array of securities than the PX1 function discussed above. In addition to U.S. Treasuries, the BTMM screen shows markets for a wide variety of money market instruments, as well as mortgage-backed bonds and currencies. The BTMM screen also includes quotes on the Dow, Nasdaq, and S&P, as well as oil.
Finally, the screen contains a listing of the day's major economic releases, making it easy to keep track of this as well. In addition to PX1 and BTMM, there are a multitude of additional market monitor screens that primarily focus on movements in the bond markets. As you can imagine, there is no one screen that is "best," and which one users prefer is ultimately a matter of personal choice.
In addition to monitors that primarily track bond markets, there are also a wide variety of monitors that focus on equity markets. As a good starting place, you can pull up the monitor below by typing into your keyboard. As you can see, this monitor displays equity index movements from around the globe. You can get more detail on additional markets in a given region by drilling down into the menu. For instance, by clicking on the "Asia/Pacific" heading, you can access updates on the markets in that region that were unable to fit on the front page due to space constraints.
Note: On most of these monitor pages, as well as many other screens, any of the headers in a white font with a number in front of it indicate an additional sub-menu that can be accessed. For instance, on the screen below there is a "1) Americas", a "2) EMEA" and a "3) Asia/Pacific" that can all be accessed either by clicking on them or by typing in the appropriate number and hitting . There are also choices at the top marked by "95) Settings" and "96) News" that represent sub-menus as well.
In addition to monitoring market indices and news headlines, the Bloomberg terminal can also be used to monitor economic forecasts and releases. By typing you can access the main economics page. This page gives a listing of all upcoming economic data releases, as well as consensus forecasts of what economists at major banks and brokerages are predicting those numbers will be. Upon release, the ECO screen also shows the actual number, as well as any revision to the previous month's report. For those interested in overseas markets, there is an ECO page for most major economies.
By using the dropdown menus for "Region" and "Country" you can access economic forecasts and data from Europe, China, and elsewhere, in addition to the United States. The screenshot below displays a basic ECO screen with data for the United States.
In addition to monitoring news and markets, Bloomberg can also be used to analyze individual securities. In fact, the analytics available in Bloomberg are quite robust, and they cover a number of major asset classes including equities, fixed income, currencies, commodities, mutual funds and ETFs. This guide will attempt to cover some of the basic functions that are available. To learn more, contact a Bloomberg representative for training, read Investopedia's Advanced Bloomberg Guide, or explore additional functions in a hands-on manner.
If you are uncertain what the ticker symbol is for a security you want to look at, you can find the ticker by hitting the key for the asset class you are looking at followed by. For example, if you wanted to analyze Microsoft stock but didn't know the ticker, you could hit and then type in Microsoft and the ticker would appear. Note: using this function will pull up a list of all the tickers for that company. For instance, if a stock is listed on multiple exchanges, all of them will appear. Therefore, it is important to make sure you select the correct security from the list when using this function (for instance, in this example most users would be seeking the ticker for Microsoft stock listed on the Nasdaq stock exchange).
Once you have the correct ticker, the basic screen for beginning security analysis is the description page, Bloomberg abbreviation. The screenshot below shows page one of the Bloomberg description for Microsoft stock (similar screens are also available for many types of bonds and other asset classes). As you can see, the description page provides a brief overview of what the company does, as well as basic information such as a price quote, week high and low, market capitalization, earnings per share, P/E Ratio, dividend yield, and more. The page below is only the first page of ten pages of security description information.
By scrolling forward, you can access additional information, including contact details for the company, and a breakdown of the company's revenue and earnings by geographic region and market segment. You can also find detailed financial data such as an income statement, cash flow statement, and balance sheet. (Note: the financial data can sometimes be a bit dated, so you might want to double check the date listed next to the financial statements if seeing the most recent data is important to you.)
In addition to looking at descriptive information or financial fundamentals, Bloomberg can also be used to analyze a security's price history and trading patterns. By typing into the system, users can access a price history for whatever security they are looking at, while typing will bring up a simple graph of that price history.
For users interested in more advanced technical analysis, Bloomberg offers an advanced suite of charting capabilities. While a complete description of available charts is beyond the scope of this article, some of the tools available include relative strength indicators (RSI), Bollinger Bands®, intraday price and volume charts, candlestick charts, and comparison charts displaying multiple securities. An example of a simple price and volume chart for Microsoft stock is displayed below.
Bloomberg also provides easy access to company updates. For instance, in addition to the top news stories discussed, Bloomberg also offers company-specific news. For example, once you have pulled up a security (such as Microsoft stock) you can type into the Bloomberg and a scrolling list of the most recent news stories concerning that security will come up. You can then click on any of those headlines in order to read the full story. Additional security specific information that can be found on Bloomberg includes earnings estimates (Bloomberg ticker EE), analyst recommendations (Bloomberg ticker ANR), and credit ratings (Bloomberg ticker CRPR).
More on analyzing specific asset classes is below.
When searching for publicly traded equity shares, Bloomberg allows users to search by name, exchange, country, and other such topics. Additionally, the equity menu allows users to view historical pricing on a stock (see image below), read a description of the business, view any outstanding corporate debt the company may have, and view analyst reports and estimates for the stock, along with dozens of other features. This menu also allows users to search for indexes such as the S&P or Russell
Bloomberg also allows clients to compare and contrast equities side by side, offering a comparative analysis of any two equities. Comparison fields include fundamental analysis, historical ratios, and technical charting. In addition to comparative functionality, Bloomberg also includes screeners, allowing clients to screen for stocks using a multitude of metrics. After running a screen, users can also filter results and create custom equity sets, which allow for a quick reference of real-time results for a portfolio of equities (very handy for traders, brokers and other such financial professionals).
Much like with equities, Bloomberg allows users to search for real-time data on fixed income securities. This includes corporate debt, municipal bonds, and government bonds. Similar to the historical price screen for equities, we are able to view historical day-over-day changes in security values, along with implied yield-to-maturities, for any given day. Additionally, credit ratings and cost of capital information is available for fixed income securities.
One of Bloomberg's best features is its derivatives capabilities. Not only can clients find real-time values for securities, such as exchange traded options, and futures contracts, such as the active contract for WTI, but Bloomberg also allows users to value hard-to-price derivatives. For OTC options, for example, Bloomberg lets users customize their option valuation models, to come up with an estimated value. A user can decide to value an OTC option on the S&P using the continuous Black-Scholes model, using historical volatility (see image below), for example. Once priced, users can view the values of the Greeks associated with the option in question, to verify that their price estimate is in line with those expectations.
SWAPS
SWAPS are a type of derivative used by large banks and institutional investors. The Bloomberg Terminal has a SWAP manager tool that is a highly customizable swap pricing utility. It allows users to input the parameters of a swap agreement and come up with an estimate for the value of that swap, at any given date in time. Additionally, clients can view underlying swap curves to determine that the underlying inputs match expected values. As the swap market continues to grow, the Swap Manager tool will no doubt gain more and more popularity with analysts.
With the FX market being a hour marketplace, Bloomberg is the ideal tool for FX participants. Users can view real-time rates for dozens of currencies, along with basis curves for most pairs, and rate information for a given currency. Additionally, with Bloomberg's ability to capture real-time news and economic updates, its FX capabilities are a very powerful tool for those trading in the foreign exchange market.
Because Bloomberg has such a robust suite of analytics and market capabilities, getting the system to do what you want it to can be a challenge, at least until you become familiar with it. Fortunately, there are some tricks that can speed up your learning curve.
Make use of the function: Bloomberg provides excellent customer support; make use of it by hitting the key when you need assistance. Remember, hitting once describes the function you are using; hitting it twice will connect you to customer support via instant message.
Schedule a visit from a Bloomberg representative: Particularly if you have your own system, you should take advantage of a visit from a Bloomberg representative who can walk you through the system and show you how to use some of the functions that might be helpful for what you intend to do.
Get Bloomberg "cheat sheets": Bloomberg puts out "cheat sheets" that list common functions and their Bloomberg tickers. These sheets are broken down by assets class, so if you intend to analyze equities, get a sheet with the most common equity functions, if you like fixed income, get a fixed income guide, etc. These "cheat sheets" should give you a good starting point for navigating common Bloomberg functions.
Visit Bloomberg University: By typing or into the system, you will be taken to a screen that offers a wide variety of training videos, informational papers and live seminars. The seminars are broken down by region, so you might be interested in attending one in your area (there is a fee for some of the seminars, but the majority are offered free to Bloomberg users).
Incorporate Excel into Bloomberg: Bloomberg connects rather seamlessly with Excel, so you can use spreadsheets to analyze data downloaded from Bloomberg. Even better, you can build a spreadsheet that automatically updates your data each time you open it, saving you the trouble of doing so by hand. Best of all, Bloomberg offers sample spreadsheets for common types of analysis (i.e. tracking stock price movements or analyzing company balance sheets), thereby saving you the trouble of building your own spreadsheet. You can also further customize these generic spreadsheets that Bloomberg offers in order to fit your specific needs. If you are interested in incorporating Excel spreadsheets into Bloomberg, type to access the Excel main menu on Bloomberg.
For a standard license, a Bloomberg Terminal costs around $2, per month, or $24, per year.
Yes. You can place order in several markets using sophisticated order routing and complex order tools.
According to the company, there are more than , paid subscribers to the Bloomberg Terminal.
This basic guide to Bloomberg has provided an introduction to one of the most practical tools participants in the financial markets can use. Unfortunately, Bloomberg can be expensive, which means that having a home system may not be practical for many readers. On the positive side though, it is often possible to access a Bloomberg terminal through a public site such as a library or university. Because there are so many functions available in Bloomberg, this guide has been able to provide no more than a simple introduction to the system, along with an overview of some common tools that users might find useful. Once you begin using Bloomberg, you will undoubtedly find a great many more tools that fit your particular investment and trading style.
Readers interested in a more in-depth examination of Bloomberg may also want to keep an eye out for the Advanced Guide to Bloomberg on the Investopedia website. The Advanced Guide will provide more detailed instructions on how Bloomberg can be used to analyze, monitor, and trade some of the major asset classes, including stocks, bonds, currencies, and commodities. Beyond that there are also several other tutorials available to those interested in learning more, including those offered directly from Bloomberg itself. Furthermore, many Colleges and Universities are offering Bloomberg courses, to help students gain early exposure to the most widely used tool for real-time financial data in the world of finance. Once you are equipped with some training, it is just a matter of sitting down with the system and familiarizing yourself with it. As with many systems, in the end the best way to learn Bloomberg is through hands-on trial and error.
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