Learning to understand the market and profit off it is, before anything else, a lengthy process that involves a decent share of commitment. Some of the concepts are very self-explanatory, while others can be rather tricky. However, the upside is that everything about the currency exchange market can be studied and properly implemented with the right approach. Today we will talk about several terms that you will most likely come across on a nearly daily basis as you learn more about Forex, go through news and blogs concerning the trading process and even as you converse with other traders. Understanding the basics can go a long way, because they are called basics for a reason. The foundation of each successful trader’s journey is always knowledge and in-depth comprehension of the multilayered and complex nature of currency trading. So, let’s get into this and discuss several terms and definitions that will be crucial to a productive trading experience. We will discuss the meaning of the words bull and bear applied to financial trading, as well as cover several related concepts that will assist you in the daily trades. Today we are going to talk about:

• What is bull and bear in Forex

• Bulls and how to trade on a bullish market

• Bears and how to trade on a bearish market

• Forex market analysis types

• Analyzing the chart to determine current market conditions and upcoming changes