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What is a speculator?

What is a speculator? Here are some definitions.

Noun
  1. One who speculates; an observer; a contemplator.
  2. One who forms theories; a theorist.
  3. (business, finance) One who speculates; as in investing, one who is willing to take volatile risks upon invested principle for the potential of substantial returns.
  4. (rugby) Synonym of field goal
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Examples
And even the world's foremost speculator, George Soros, warns against the perils of unfettered markets.
When markets turn vulnerable, the enterprising speculator may this time decide to reverse his long position and go short.
But someone needs to take the other side of the bargain, and that usually requires a speculator.
The speculator is betting on changes in the price, while the arbitrageur is betting on changes in the spread.
The European Parliament is obviously not a property speculator, but endeavours to be a good administrator of the funds entrusted to it.
We electrocute the Italian and print pictures of the wheat speculator in our magazines as an example of Success.

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