A speculator is not a profession, but a state of mind

Speculation began to be practiced since the appearance of the first stock exchanges. In turn, exchanges were created on the basis of fairs of the XVI century, when the Frankfurt and Leipzig Fairs played a large role for international trade. It was then that the first fair exchanges appeared. Over time, these actions have become permanent. The first exchange deals with bills were held in Italy, after which the Antwerp and Amsterdam exchanges were formed, which are known so far. It was at the Amsterdam Stock Exchange that shares were introduced, resulting in the first speculation. Near the stock exchanges there were institutions where sales of tea, coffee and cocoa resumed. According to the information delivered to us from the XVI century, it was there that the first speculator appeared. This is a great event, because since those years the history gets a completely new way of earning.

Speculation and speculators

Speculation is the activity of short-term trade, which is aimed at obtaining dividends. These dividends a person received because of the difference in prices between buying and selling. In turn, the speculator is a person who has been engaged on an ongoing basis by such activities. Since the appearance of the first speculators a lot of time has passed. Now this activity is being developed by leaps and bounds. At the moment there is an exchange speculator, which conducts its business solely with shares on exchanges. This kind of earnings is now very popular in America. By the way, there is also a currency speculator, whose task is to acquire currency for one amount, and sell for a large one. The currency can be absolutely any. The difference that is received is earnings. Literally translate the word speculator (speculator) can be as "a person who takes a wait-and-see attitude."

Today, currency speculators exist in every country. Thanks to the rapid development of exchanges that moved to the Internet, everyone has the opportunity to enter into a contract with the stock exchange and try their hand at the appropriate role, the main purpose of which is to profit from currency trading. A speculator is not only a profession. Many wealthy citizens try themselves in this role very often. True, such activities are rarely profitable for them. Speculation on the stock exchange can be equated with bookmaking, where you need to take into account all the news and aspects, right up to the rumors. If you have insider information on your hands, you are on horseback, otherwise you will have to rely on your professionalism and luck.

A trader or a speculator?

By the way, now there is a very popular word "trader". Exchange speculator - this is the trader. This word came to us from America. In fact, a trader is a legal entity or an individual who has the right to conclude transactions on the exchange.

It is interesting that the "trader" is sometimes replaced in the American literature by the word "trader", but the explanation in the explanatory dictionary has as a pocket thief. Having carried out a simple analogy, one can come to the conclusion who speculators are considered. It's not for nothing that this word has a negative meaning.

The most famous American speculator of the 20th century

One of the most famous stock traders of the XX century was the American Benjamin Hutchinson, who was born in a poor farmer's family and after an unprofitable crop was forced to look for new ways of earning. The first loud deal of an American was the purchase of contracts for the supply of wheat, which has risen in price by three times. Since that moment Hutchinson has received the title of a man who has traced around his finger almost half of the Chicago population. It was from that moment on that the great story of the richest raider of the twentieth century began.

Speculation in the USSR

During the Soviet times, people were afraid of the title of speculator, because it was punishable by the Criminal Code. At that time there were such crimes as speculation on a particularly large scale and small speculation. The article of the Criminal Code of the RSFSR provided for imprisonment up to seven years in the event of speculation on an especially large scale and the imposition of a fine if the speculation fell within the qualification of petty. Now we can say boldly that the authorities tried to prevent the imminent. The fact is that almost everyone was engaged in speculation in the USSR. After all, goods that came under speculation were clothes, shoes and, of course, alcohol. It is interesting that after the expiration of time this article went into oblivion, and today a person who engages in speculation is boldly called a businessman.