Speculators facilitate asset pricing

You can buy and sell assets just for the purpose of making capital gains.

A player, hedge fund or company can speculate in shares for capital gains.

A company can speculate in land for capital gains.

A hedge fund or company can speculate in foreign exchange, or forex, for capital gains.

Asset prices fluctuate because of changes in businesses, in markets, and in the economy. A speculator essentially takes a position and bets that the price will move in a certain direction.

Speculators serve several roles in an economy. They allow businesses in an economy to hedge risk. They provide liquidity to financial markets. And they facilitate asset pricing.