Bulls and bears in the Forex market: basic concepts explained & more
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Everyone interested in Forex trading has repeatedly met in the press, analytics, and forecasts a mention bullish and bearish trends. Market players know that bulls and bears in the Forex market are two large groups of traders who hold diametrically opposed views. Their eternal struggle stimulates the growth of the economy while allowing the market participants to earn both on the increase in the price of assets, and on its decrease.
For those who are not yet too familiar with the terminology, we will take a closer look at who the bulls and bears are on the exchange, and how their trading strategies differ.
Although there are numerous reputable online Forex brokers regulated by the world’s strictest financial authorities that you can choose as your best-suited trading platform, you may also come across ones that are nothing more than a scam.
These scam brokers make money by attracting traders with the promise of guaranteed earnings, only to charge them exorbitant fees, profit from their trading activity, and skim funds from their accounts until the traders realize their mistake and try to cash out.
If you’re searching for the best forex broker online or are suspicious of your current trading platform, in the article you’ll find warning signs that your Forex broker is a scam and tips on how to deal with it.