Dollar Bear /Dollar Bull
Categories: Econ, International, Banking
What’s your forex (foreign exchange trading) spirit animal: a bull or a bear?
You’re a “dollar bull” if you’re a forex trader who thinks the U.S. dollar will rise in value against other currencies. Which means you think the U.S. will be doing better in comparison to the rest of the world’s currencies in the future (strong dollar), so you’ll hedge your bets (errr, investments) accordingly.
You’re a “dollar bear” if you’re a forex trader who thinks the U.S. dollar is only going downhill from here. Which means you’ll be placing your bets on other countries, against the U.S. currency (weak dollar), in order to make some bucks for yourself.
Why a spirit animal? Because you won’t change from a dollar bull to a dollar bear overnight, just like how bull markets and bear markets last for long periods, at least months, but often years. Find your spirit animal and invest accordingly, our forex friend.