Well it all depends on the experience of the trader, I believe. At first, we all just speculate, but then, when we get experience, we begin to make transactions with the mind and it is not like speculation. These are already considered trading decisions.
The trader must speculate first before he trades because he speculates to profit from price fluctuations. if only everyone's experience can do that, but if done both will definitely make it easier to make a profit even if it's small.