Some market participants say that speculators add liquidity in the market, providing opportunity for buyers and sellers.
Love that \”some say\”. For of course speculators do provide liquidity: as well as carrying the risks. That\’s what they\’re actually there for of course. That\’s even what the markets themselves are here for, to allow non-physical market participants to come in, provide liquidity and carry the risks.
This is the whole damn point!