Bull and Bear Markets
The bull market is a market where traders buy a currency against another while the bear market is where traders sell a currency against another currency. A market price that is going up can be described as a bullish market while the price that is falling can be described as a bearish market.
Generally, a trending market is either bullish or bearish in nature. Occasionally, the market price consolidates every now and then before either going bullish or bearish. Experienced traders are able to access the market trend before making their trades and this gives them an edge over the amateurs.
However, we have markets, that are ranging or consolidating especially when there is no trend or before a new trend develops.