FOREX BEARS AND THE BULLS

Once (you have) started your Forex education, you will constantly see the terms "Bears" and "Bulls" in Forex books and chat rooms. These are terms that describe the general mood of the market. A "bear" forex market, is when the general mood of the market is down, i.e. when there are more sellers than buyers in the marketplace. A "bull forex market" is the opposite, when there are more buyers than sellers and the general mood of the market is up. Forex is a place where bulls and bears struggle, and if you can identify who is gaining the upper hand, then you can identify the direction of the price. Easier said than done, of course. There are many more areas to cover, this should help those only starting Forex trading education.