Make Money By Both Buying And Selling
Understanding Bullish And Bearish Trading Activity In Currency Trading
Many popular forex training courses will present the idea of market movements being a competition between bears and bulls.
Bulls try to score points by scoring highs, and bears try to score points by scoring lows. The beauty of currency trading is that it is just as easy to take either a buy or sell order, without such complicated dross as uptick rules.
The best time to score pips and earn profits is when you can see an established uptrend or downtrend. Even in this type of trending market there are still price retracements and still opportunities to win by trading against the trend for a short while.
As a retail trader you are not likely dealing in fund amounts large enough to sustain market movements, so for this reason you do not need to chose whether to be a bear or a bull. Simply watch the market and implement simple strategies, so that you can profit from both buying and selling just as easily.