There are two kinds of forward-contract participants: hedgers and speculators. Hedgers do not usually seek a profit but rather seek to stabilize the revenues or costs of their business operations. Their gains or losses are usually offset to some degree by a corresponding loss or gain in the market for the underlying asset . Speculators are usually not interested in taking possession of the underlying assets . They essentially place bets on which way prices will go. Forward contracts tend to attract more hedgers than speculators.