The origin of the bear and bull markets is an old Wall Street saying. The phrase “the bulls and the bears” originated in the 1700s when stock markets were first emerging. The traders used this metaphor to describe the strategies of traders within the markets. Bulls were those traders who were trying to act confident and were optimistic about the market, while the bears were the investors who were pessimistic and adamant about selling. This metaphor was then adopted by the stock exchanges, with the bear and the bull markets coming into existence. This term has been used and is still used to describe changes in the stock market today. The bear market is seen during periods of downward pressure on stocks, while bull markets occur when stock prices continue to rise. The foreign exchange market, a decentralized global market for trading currencies, is also a bear and bull market.