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The stock exchange is a place where people buy and sell stocks and shares through brokers.Decisions are based mainly on expections of future values and on the potential yields from alternative investments.
Speculators are described in stock exchange jargon as bulls,bears or stags,depending on their behaviour.Bulls want to buy shares which they think will son increase in value.They are optimists.Bears,on the countrary,are pessmists.They want to sell shares which they believe are about to decrease in value.Stags are motivated by short term profits only.They buy new issues of shares which are likely to rise in value over a matter of weeks,and then sell those shares when they judge the value to have peaked.
Although skilled speculators can make huge profits overnight,playing the stock market is a risky business.Ordinary investors are advised to spread their funds over a range of investments and to aim for steady long time growth rather than immediate profits.

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