Bull and bear Bear and bull in trade market (both Forex and cryptocurrency) is linked to animals and that is due to their behaviour in attacking an opponent
In the first place too , the history of their names is significant to the way they launch an attack during a fight.
Looking at the name bear: A bear, bears are carnivoran mammals of the family Ursidae.
A bull is an intact (i.e., not castrated) adult male of the species Bos taurus. More muscular and aggressive than the females of the same species.
Both of these animals are known for strength and power
Therefore, in relation to the market direction, bear means market plunging downwards and this is tied to the animal bear. The animal bear usually go attacking this way.
Facts about bear and bull marketBoth defines power and strength.
You need to identify the particular direction of market, either bullish or bearish
You can take advantage of both kinds of market to make profit
by employing the right strategy.
None is preferred or better than the other in the real aspect of it while in trade.
There is a little bit of bull in bearish direction and a little bit of bear in bullish direction.
You will be swallowed up if you trade in opposite direction.
Finally, a trader can make good profit from either kind of the market.
The myth around bear for losses is not true if you spot your bear and sell.
So trade with care and use stoploss.