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Actually, in speculation since it is not a zero sum game, the floor traders,
large commercials and exchanges have the edge, since their information is
superior and their costs are nothing or very small.
d
in gambling, the casino has the edge; in speculating, the superior
system or method has the edge; in a random walk, no one has an edge.
all three assume extended play/trading; all are right except one, care
to take a guess which one is wrong? :))
TJ
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