You don't have everything you need to go into the market, you don't know what you're doing, why you;re doing it, or how to do it and until you know all of these you will not and can not be successful in the market.
Why don't you educate yourself and try to learn what the market is all about and how it operates before you "try your luck"
Based on your experience and outlook you will fail so don't spend too much "extra" money
Start by making sure can afford to lose whatever it is you will be gambling.
'Never test the depth of the water with both feet' said Warren Buffet.
I'd suggest reading up on what you are about to get into. Age has very little to do with investing, experience, insight and a good broker always help though.
You can learn for a basic from your broker's website education page.
And you should do paper-trade for several months.
Learn how to control the risk and learn how to use trading tool platform.
When you ready to use real money, don't under control your emotion , follow your trading system and don't break your rule.
If you have extra money leftover from paying your bills, paying off debts, having money for college, and a car, then you can invest.
Buy $5,000 of coca cola stock (or any company that has been profitable since before you were born), instruct the broker to reinvest the dividends, and let it sit for 50 years. Retirement is covered.
"try my luck" is not the best approach. Be smart about investing, which means learn first.
1) Have an emergency fund.
2) Think long term investing rather than short term trading. People who think they can "flip" money quickly are just gambling, and pretty much always lose.
3) If your employer has a 401k plan, invest at least enough to max out matching funds.
4) Start with mutual funds rather than individual stocks. Vanguard and Fidelity are 2 great firms.
5) Educate yourself. Here are 3 great investment books that should be in any library. The first two are easy reads. The third is more challenging, but well worth it.
One Up On Wall Street - Peter Lynch
A Random Walk Down Wall Street - Burton Malkiel
The Intelligent Investor - Benjamin Graham
Hey guys, so I'm almost 19 now and would like to try my luck in stocks with some extra money. I have a checking account and everything (I think) necessary to begin investing. How can I start?
