Bears and bulls, in short, in a narrow sense, are bulls in the market, and vice versa.

Short orders and long orders are also called short (bearish) and long (bullish), that is, the appreciation/depreciation of foreign exchange. If the current price is about 0.8375, that is, 1 Australian dollar is converted into 0.8375 US dollars. At this time, if you think that the Australian dollar will continue to appreciate, you can buy (long) the Australian dollar/US dollar at the current price. A week later, the Australian dollar appreciated to 0.8420, and you closed your position and made a profit, that is, you earned 45 points. But if the price drops to 0.8225 after one week, then you will lose 150 points. Of course, if you don't think the Australian dollar will continue to appreciate at 0. 8375, if you choose to sell (short) AUD/USD, then you will get 150 points. Traditionally, foreign exchange gains and losses are calculated in points, and finally converted into corresponding dollars according to the platform.