Can Speculation Be Termed a Business?

Spencer

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Trading is an example of speculation, you don't really know what will happen, you only have some type of indicators that tells you where the market is going and on the other hand you bet on that, you get paid whether your bets are right or wrong, this is pretty much like investment.

I believe every kind of business is a form of speculation and only thing that differentiate them is the availability of variables, and they're more physical compared to trading where you don't hold anything and you're just speculating price movements.

Speculation is a business but has different variables.
 
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