Your Money: The art of speculative trading and its tools
By Sunil K Parameswaran
Speculators are calculated risk takers. If they feel that a product will rise in value we call them bullish speculators, whereas those who feel that a product will decline in value are called bearish speculators. Despite the fact that in today’s internet driven world, everyone gets the same information, and at the same point in time, all economic agents do not process information in an identical fashion.
That is why everyone is not a bull nor is everyone a bear. Before the internet revolution, some had privileged information, while others were getting it before their contemporaries, giving them a competitive advantage. The information imbalance notwithstanding, even then some traders were bulls while others were bears.
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