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Online forex trading revolves around its own rules, its own habits, its own lifestyle and its own language. There is an entire dictionary built on the terminologies used in online trading that are needed by every trader or investor. If someone is serious in making online trading their field of business they need to be able to speak the forex language fluently which only comes with excessive practice and a substantial amount of experience. One of the terminologies often used in online trading is the ‘Bulls and Bears’.
The ‘Bulls and Bears’ refers to a kind of movement that may occur in currencies. The Bulls are the currencies who at that specific moment are trending upwards in the market. It is also used for when the entire market can make a shift upwards making an ideal trading environment for traders. The Bears on the other hand are the currencies who on that specific moment are experiencing a monumental decline in their prices, sometimes due to a small volume of trade.
Being able to understand when a Bulls and Bears situation is taking place requires full market monitoring, a seemingly impossible task for even an experienced trader. That’s why a good broker is one who will always alert its clients when a Bulls and Bears shift is occurring making a large pathway for its clients to end their day in a fist full of wins.