USA HISTORY

Detailed explanation-1: -Gambling is defined as staking something on a contingency-an even with a random outcome, often with a negative expected return. However, when trading is considered, gambling takes on a much more complex dynamic than the definition presents.

Detailed explanation-2: -Who are the Speculators? Speculators are people who engage in speculative investments. In other words, a speculator is a person who buys assets, financial instruments, commodities, or currencies with the hope of selling them at a profit on a future date.

Detailed explanation-3: -There are different types of speculators in a market. For example, individual traders can be speculators, if they purchase a financial instrument for short periods of time with intentions of profiting from its price changes.

Detailed explanation-4: -Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation involves taking a calculated risk in an uncertain outcome. Speculation involves some sort of positive expected return on investment-even though the end result may very well be a loss.