New Delhi, Oct. 24 -- When you invest or speculate in financial markets, both may involve risk; but the difference lies in the approach you take. It is also about having a clear and fundamental understanding of what you are doing with your hard-earned money. Sensible investors focus on their long-term financial goals, business fundamentals, and current economic reality.

On the other hand, speculators act differently, since they focus more on chasing quick returns based on price movements, market rumours or short-term trends. That is why, to ensure meaningful success, it is vital for day-to-day financial market participants to avoid common mistakes, as this approach can also help investors make more disciplined and meaningful financial de...