When the finance articles say “traders” they mean “speculators”.
When the finance articles say “traders” they mean “speculators”.
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Right!
A lot of the language that they use these days are holdovers from long lost times when “traders” actually bought shares in the movement of actual commodities, such as investing in merchant ships and receiving a “share” of the “stocks” that returned.
Don’t get me wrong. The actual commodities still exist, but what happens in the exchange is just speculation on the future price of those goods.