Forex encyclopedia

In April of 2013 year deputies of the State Duma A. Babakov and V. Shestakov introduced amendments to the law “About securities market” and to legislative acts of the Russian Federation in the part of legal regulation of dealers' activity on the over-the-counter Forex market. This law was accepted during the first readings and is supposed to enter into the force since January 1, 2014.
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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Forex encyclopedia
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