The Speculator…

The name of this website is LuckySpeculator.com and in my previous blog, Why Do I Feel Lucky All The Time…, I kind of went thru my view on the term, lucky.  And today while I was doing some reading on futures trading, I came across what I think is a great defintion of the word, speculator, and here is what it says:

“Commodity speculators get blamed for many of the economic ills that befall humanity.  Speculators cause runaway high prices and prices so low that agricultural prodcuers cannot survive….” blah blah blah and then it point out: “Most of these accusations arise from a lack of understanding“, very well said and here comes my favor part: “A futures market without speculators would be like a country auction without bidders – and would work just about as well.  In most markets, speculators are many times more numerous than any other participants.  It is the speculators who create a liquid market.“, wow!  The term speculator can’t be defined any better than that!

So now, let’s remember: It is the speculators who create a liquid market!

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