Base Currency

The first currency in a currency pair; it shows how much the base currency is worth against a second currency. For example, if the USD/EUR rate equals 1.1299 then one US dollar is worth 1.1299 EUR.

Bear (Bearish) Market

Pessimistic outlook; favoring declining market conditions.

Bid Price

The opposite of an ask price; the price at which the market is willing to pay.

Bull (Bullish) Market

Optimistic outlook; favoring strengthening market conditions.