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Understanding price symbolic movers in forex trading.
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[QUOTE="Phabbyfundz, post: 156984, member: 49202"] To understand charts you have to get acquainted with price symbolic movers. while most people are familiar with wall street raging bull symbolizing aggressive financial optimism and prosperity, few understand the bear representing and declining markets. A bullish market represent a rising market that shows confidence and stability. Typically employment is high and the economy is strong, convincing brokers and investors of an upward market trend. The term comes from bulls fights when an opponent is thrown up into the air with the bull's horn. When bulls outweighs bears indicator turns green, representing a larger demand for currency and thus increasing its value. A bearish or bear market indicates a declining market, this decline creates insecurity amongst brokers and investors who expect trends to go downward. The term is used to signify that the market behaves the same way as the bear in a fight by pushing down to the ground. A bearish market is visualized in the chart with a colour red. [/QUOTE]
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Understanding price symbolic movers in forex trading.
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