In the Islamic philosophy it said that as the day follows the night and night follows the day same way after the happiness there is a sorrow that waits to befall, and same thing happens to the Bulls and Bears. Discover about online currency trading, commodities trading and meet vertex broker from the best inline trading website known as an ELP markets in Dubai, UAE.
Bulls and Bears behave like an elephant that never forgets, and this means that both bulls and bears do retrospection, so they keep an eye on their previous hikes and lows.
The highs and lows of the bulls and bears
In the Forex marketthe Bulls reaches slightly higher than the previous standard it set ever before and just after that the market turns into the bearish mood, while here also the new standard does set in low.
The bulls and bears act like the opposite forces
It is true that bulls and bears perpetually work as an opposite forces for 24 hours and seven days eternally. Consult with the vertex broker in UAE!
Understand the Resistance
The time when bulls move the market to the new standard which is always higher than the previous mark on the graph, then same time bears put through their resistance and suddenly the sellers proliferate densely, which means that the market attracts more sellers in comparison to the buyers. ELP Market is famous for the online commodities trading Dubai!
The pull back is witnessed than the previous low and that becomes the point of support for the further rise. Contact us for online currency trading Dubai!
Understand the support
When the new low is witnessed the same moment the bulls stimulates the buyers foot fall and it proliferate. In this cycle the sellers are less than the buyers and this state remains intact until the graph reaches which is the break point the new high compare to the previous ones. Experience with us the Commodities Trading Brokers In UAE!
This new high or standard which is witnessed to be higher than the previous high becomes the point of resistance for the further low. The philosophy of the bulls behind purchasing the currency at the lower price is simple that in future they want to sell it at good margin. Come to learn more about currency trading UAE!
Two concepts of ‘buy low, sell high’
The concept of ‘buy low, sell high’ can be explained that if somebody purchases something on the lower price and sells it back adding some profit to the cost price, and it can be said simple that selling price should be higher than the cost price. Experience now best online currency trading!
So if you purchase a currency and sell it many times in a day at low margin to accumulate good profit is called ‘Scalping’, and if the same thing is sold for once or twice with good difference of the selling price and cost price then it is called ‘day trading’. Visit best online trading website UAE!
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