Forex

Wall Street is named after a wall that kept farm animals from wandering
away from the settlement at the tip of Manhattan. The farming legacy lives
on in the language of traders. Four animals are mentioned especially often on
Wall Street: bulls and bears, hogs and sheep. Traders say: "Bulls make
money, bears make money, but hogs get slaughtered."
A bull fights by striking up with his horns. A bull is a buyer-a person
who bets on a rally and profits from a rise in prices. A bear fights by striking
down with his paws. A bear is a seller - a person who bets on a decline and
profits from a fall in prices.
Hogs are greedy. They get slaughtered when they trade to satisfy their
greed. Some hogs buy or sell positions that are too large for them and get
destroyed by a small adverse move. Other hogs overstay their positionsthey
keep waiting for profits to get bigger even after the trend reverses.
Sheep are passive and fearful followers of trends, tips, and gurus. They
sometimes put on a bull's horns or a bearskin and try to swagger. You recognize
them by their pitiful bleating when the market becomes volatile.
Whenever the market is open, bulls are buying, bears are selling, hogs and
sheep get trampled underfoot, and the undecided traders wait on the sidelines.
Quote machines all over the world show a steady stream of quotesthe
latest prices for any trading vehicle. Thousands of eyes are focused on
each price quote as people make trading decisions