So you have saved up some money and are unsatisfied with the little return you are getting from keeping your money in the bank? You heard about how you might be able to earn a little extra from investing in the market. You saw your friends doing it, you have seen movies about it and now you think you are ready to start your investing journey as well?

Well, hold your horses. If you are unprepared and rush into the stock market, you could very well end up poorer, not richer.

Therefore, before you even start buying your first stock in the stock market, here are 5 key things to know to prevent you from getting hurt in the market.

1. Know the difference between investment and speculation

Many of us started out wanting to be investors. Unfortunately, more often than not, we tend to be speculators at ...