The Bullish & Bearish trend in Forex market

Forex market is all about currency trading and on average the volume is over $5 Trillion as of now. The forex market is largest and popular market in terms of size, individuals and organizations from all over the world traded on currency pairs. In order to start your trading business, the first step is to open an account with a broker. There are various platforms used for trading MT4 is one of the best platforms and preferred by most individuals. 

For beginners, it is critical to know about various terms to trade in the Forex. In this blog we are about to discussion "Bullish and Bearish trend".

Bullish trend: It is an  upward trend or upward moving. For example when the currency pairs is improving after previous day, it is bullish trend.

Bearish trend: It can be termed as downward trend or downward moving. For instance,  the decrements prices of stocks and currency pairs. 

In addition, there are so many terms including entry and exit time frame, leverage, volume spread analysis, fundamental and technical analysis that must be acknowledged by new traders. New trades must hire an expert in order to learn basics and to make consistent returns on startup investment. 

Charting terms and indicators

Resistance — a price level that may prompt a net increase of selling activity

Support — a price level that may prompt a net increase of buying activity

Breakout — the concept whereby prices forcefully penetrate an area of prior support or resistance, usually, but not always, accompanied by an increase in volume.

Trending — the phenomenon by which price movement tends to persist in one direction for an extended period of time.

Dead cat bounce — the phenomenon whereby a spectacular decline in the price of a stock is immediately followed by a moderate and temporary rise before resuming its downward movement.