In finance, speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable shortly. It ...
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can also refer to short sales in which the speculator hopes for a decline in value.
Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements.[citation needed] In principle, speculation can involve any tradable good or financial instrument. Speculators are particularly common in the markets for stocks, bonds, commodity futures, currencies, fine art, collectibles, real estate, and derivatives.