Lecture 3 - Types of Trends, Charts and Formation Rules. Bull and Bear Speculations.

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1. What are bull and bear speculations? What cases are suitable for each strategy?
2. What types of price tendencies do you know?
3. What is the difference between Candlesticks and Bar charts?

Let us consider the main question of Forex and any other trading – how to earn money?

Prices tend to move – we can often observe in everyday life that the price for any product is rising, falling or keeping up at the same level, making insignificant fluctuations.

Such features of prices are called trends.

Obviously if prices are rising, then the trend is ascending.

If they are falling, then it is descending.

And if they don’t change, then it is a sideways trend.

Just these very characteristics of price movement provide an opportunity to get profit.

What should we do to earn money when prices are moving up? Probably buy this product (or as a finance professional would say, asset) and sell it when the price goes up to make a profit.

What if the price moves down? In this case, sell the asset for a higher price and buy it when the price decreases.

Read more of SuperForex’s Online Lecture Types of Trends, Charts, and Formation Rules. Bull and Bear Speculations here.

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