My advice:

When the market looks like it is tanking and everyone is selling off: BUY
When the market is on a winning streak and everyone is buying: SELL

Buy on speculation, sell on news.

This post was edited by Jp2050 on Jul 17 2013 01:04pm

Thanks.

Any preference in website? Like Etrade, Scottrade, etc?

lol essentialy this.
live off of dividends and just follow the wave.

Also, does it cost money to MAKE an account?

I have a bank with paypal n everything.

The stock market is a scam for the newbie. You are the pawns that the big players prey on. And by "big players" I mean the multi-billionaires who regularly trade upwards of couple million $$$ a day, since they have inside information that you will never be able to know about. These people manipulate stocks and make money from it for a living. They know the rules and they are not in your favor.

You might start playing, get lucky, and make a few grand here and there. But if you continue to play, the odds are stacked against you. You will eventually lose everything that you won and possibly more, much like gambling at a real casino. I'd suggest you take your money and invest in bonds, precious metals, etc. Then invest your time into getting an education, so you can have a steady income source to start your own business, and have other people buying your stocks. Think bigger



AKA gambling

Don't listen to this guy ^

If you have $10,000-20,000+ to trade with you can generally find a company that will actually want to entice you to open an account with them and will even offer you free trades/bonuses.

I highly recommend Charles Schwab, but they tailor to clients with a larger budget.

you have no idea what you are talking about

it's hilarious watching you kids give advice on this stuff...

Jarome, seriously if you're just looking to make a quick buck back off now. You're going to want to invest long term if you want to make any money, people who are day traders spend their entire lives doing this stuff since you have to watch the Asian Markets and European Markets for trending too.

As I said, unless you're investing long term, don't bother.

:headscratch:



I've got like $500 I could blow right now lol.



Yeah long-term is fine. Like right now all I want to try is buying a small stock for like $30-$60 or something to get the gist of the stock market and see how everything goes. Just one.

Have fun with day-trading and putting money into other people's stocks in which you have no connection to. If you base your investment decisions on news articles, forum posts, and youtube podcasters for your "inside scoop", I feel dearly sorry for you. What makes you better than the millions of other Joe Shmoes who are reading the same exact articles, and getting the same exact advice?

Anyway you should probably go back to watching your 'Mad Money'