So play with it but dont use more then 1k until you got your head around the game. Also Scottrade is the best service for buying stocks, also stay far far far away from penny stocks. If you can get in this week I recmomend Facebook before Wedesday.
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I'm making good profit with penny stock. Check here http://trade-pennystock.checkhere.info
Many new investors are lured to the appeal of a penny stock due to the low price and potential for rapid growth which may be as high as several hundred percent in a few days. Similarly, severe loss can occur and many penny stocks lose all of their value in the long term. Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved but you can even make very big money. These risks include limited liquidity, lack of financial reporting, and fraud. A penny stock is a common stock that trades for less than $5 a share. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market. Although a penny stock is said to be "thinly traded," share volumes traded daily can be in the hundreds of millions for a sub-penny stock. Legitimate information on penny stock companies can be difficult to find and a stock can be easily manipulated.
There are several different aspects in stockbroking requiring different skills.
Companay analysis/research.
Institutional sales.
Retail sales.
BacK-office (settlement).
Some are client facing where you need communication skills and some are not.
In all financial jobs there is the possibility of good money, against that you may have qualms about the industry in general.
If you are interested I would suggset talking to a few medium/large brokers with a view to getting a trainee position. Then you should be able to work in different areas of broking.
Or take Andy's advice and try the CISI.
I'd suggest that you look at the web-site for CISI - the Chartered Institute for Securities & Investment. That has brilliant information about all the specific qualifications needed to do the various roles in the sector - and there are hundreds of variations. They also allow you to join as a student and pay & take the exams through an on-line process. I am sure that most potential employers will be impressed to see that you have researched the sector and know what examination route you want to take.
Basically, I'm unsure of what career to go into after finishing university.
I'm currently doing a law degree but I am considering entering the business world rather than the legal one.
I literally have no idea on stocks, the stock market or stock brooking- but I want to learn about it to know if it's something I would be interested in.
Any suggestions on what books to read/ materials to look at?
Thank You.
