Bull

A speculator who anticipates rise in price in future and, therefore, buys at present when the price is low and sells in future when the price rises up and, thus, makes profit is called Bull. Like a Bear, a Bull also neither takes actual delivery of stocks nor makes any payment till a specified time in future when he is required to settle his account. A Bull is just opposite to a Bear.

Bear

A bear is a very special trader who is engaged in speculative business. He sells his bills and securities at present when the price is high and buys in future when the price is low. In this way simply by speculation, he earns his profit because of difference in the buying and selling prices. A Bear usually neither delivers the goods nor accepts the price, till a specified time in future. A Bear is taken as a gloomy businessman as he hopes for a decrease in the price of goods in future. This speculator is known as Bear Operator and in America he is known as ‘Short’ or ‘Short Dealer’.