Read. Read some more. And read yet more. Start with "Investing for Dummies" or any of the hundreds of investment basics books.
Penny Stocks are a great way to lose money. Quickly. Nobody turns a thousand into a million. When you click Jonathan's link and then join, he gets a big sales commission. He doesn't care about you at all.
Good investing is very difficult. Even the best have trouble. Most investment experts cannot even beat the market as a whole. Stick with an index-based mutual fund, such as one tracking the S&P 500.
First, you need to go to a brokerage house, such as Scottrade or TD Ameritrade. They will have you fill out some papers and then you write them a check to deposit into your new account.
After that you can deposit more money by mail or transfer funds directly online from your bank.
The only requirement is that you be of age. If you are under age then you can have a parent or guardian open a custodial account for you.
Then you can ask the broker to buy shares of stock in your chosen company. You can do this at the time you set up your account or wait until you get home. When you are ready to buy, you can call the broker or, most commonly, buy or sell shares directly on their web site.
The shares that you buy are kept on file at the brokerage. Many companies no longer issue certificates for shares but keep track electronically.
When or if your company issues a dividend, it goes directly to your account.
You can get more information at their websites.
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A lot of it is learning to your research. With that said, there's a fantastic tool to get started online that does most of the grunt work for you.
Penny stocks can be a good place to start, as you can pick up many shares for cheap.
It's a simple "38 trade plan" to turn $1,000 into $1,000,000
It's a completely free newsletter to sign up, but the paid members get alerts much faster. This guys calls himself the "penny stock prophet" and he has rave reviews. I've been signed up for awhile and it's great.
You can make good money like me with this binary option signal software ( http://forexsignal.kyma.info ) Binary options trading has always been popular, however, this investment fad globally exploded around 2008. Originally known as digital options, binary or the name "two values" was added to give a simpler explanation for trading options. Binary is defined as two values or up and down movements. Binaries rely on underlying assets or derivatives. You can trade in commodities, the forex (foreign exchange market), commodities as well as stock indices.
Have an idea what your doing, and then pick a trading website, I use share builder, they charge only when you trade (buy or sell) which is $6.75.
Keep in mind most if not all will require you to send in your ID and SS card (a copy of course) so they know who you are.
Are there any resources you guys know of that have everything all in one place to get started?
