Divide everything that we need to know about the Forex market at 4 main sections:
1. Fundamental analysis
2. Technical Analysis
3. Mathematical analysis
4. Strategic Tactics
5. Psychological factor
If we take a look at the schedule for currency trading on the Forex market, we'll see such a situation:
If the price goes up, it means that the majority of currency market participants are buying the currency, they make “buy”.
If the price goes up, it means that the majority of the foreign exchange market are selling the currency, they do “sell”.
Buy – means to buy
Sell – means to sell
Those who do buy are called bulls (by analogy - pushing up the price with their horns)
Those who do sell are called bears (by analogy - pushing the price down)
Depending on this there could be 3 types of situations on the Forex market (Forex):
1.Bull`s trend - the price growth
2.Bear`s trend – prices are coming down
3.Lateral trend - when the price comes in Flat, on one level, not pulling strongly up or down.
Looking at the market Forex, we can notice that the trade goes in waves. But even in these, at first sight, chaotic waves there are some certain laws, but we'll discuss this later.