Speculation is a trading operation involving the purchase/sale of a particular asset to make a profit through price fluctuations. It is considered the most complex type of financial operation in the market. A speculator does not seek to own the asset or derive any income other than that resulting from price changes. Therefore, modernizing production, receiving dividends, or attracting funds into production are not of interest to them. What matters is understanding where the price will go in the next moment t. The smaller the time interval t, the more challenging it becomes.

The contemporary market consistently reduces transaction costs. This leads to any movement exceeding transaction costs becoming interesting for speculation. Consequently, the time interval tends to the time it takes to complete a single transaction.

The opportunity provided by liquidity providers to trade using leverage (margin trading) allows for significantly increasing both profit and the risk accompanying each trading transaction. This further emphasizes the role of capital management for traders engaging in such operations.

In conclusion, it is worth noting that both professionals and beginners are encountered in market trading, making it extremely important to give due importance to enhancing one’s qualifications.