> I am 20 years old, wanting to get into the stock market, help a beginner out?

I am 20 years old, wanting to get into the stock market, help a beginner out?

Posted at: 2014-12-05 
To pick a broker, depends on everyone's own preference. There are good and bad about every broker, but overall, they are all just about the same. Usually if you want to get a specific mutual fund, it may be cheaper to have that type of broker. for example, if you wanted a vanguard fund, you would need to invest initial amount of significantly less than if you wanted that same vanguard fund, but you have scottrade.

AMD is a good company, but in terms of stocks, they have been getting hit hard. I dont think they are in the tablet market, are they? if they just stuck to PC's, then they missed the market on that...but I'm not sure. AAPL and SAMSUNG have been owning in the tablet sector.

It is not how much money the stock cost, but the % of which the stock moves.$2 or $200, if the stock moves up 5%, its 5% no matter how much money you have invested.

Every broker charges per trade. If you trade 1 share, or 100 shares, one flat commission fee. Because of that, in theory, the more you trade in terms of $, the proportionally lower your flat commission fee is.

http://www.mediafire.com/view/atxjje8nxf...

I recommend Lou Rukeyser's book, "How to Make Money on Wall Street." It's the best overview for beginners I know.

If you dont have much knowledge and experience in the stock market dont start investing directly in the stock market , you should go for the mutual fund first then go for the stock market. But if you still want to invest directly in the equity stock market buy only fundamentally strong stocks and buy for long term only

Go to your local library and get Jim Cramer's books on the stock market. Read them and you will have a good education on investing in the stock market.

So I have little knowledge on the stock market. I get the just of everything but when it comes to volumes, Greek symbols, sites like morning star, who to broker with like E-trader, I am at a loss.

Anyone have any good advise on where I should begin? What kind of stock I should look into? I have done a bit of practice where I start with a budget and see what kinds of gains or losses I get and so far I am not too bad, but then again I am more than likely guessing. Since the market is so unpredictable it seems easy, just wait till a stable company drops quite a bit, buy and hold until you make a profit, no matter if it takes a long time to mature. Stocks like AMD are at 2.77 and fluctuate between 1.90ish to 5 dollars. That seems like a safe bet to double my money fast. I know AMD supplies processors to all xbox's, wii's graphics chips, and computers. They will not be going under anytime soon but their stock has always been low. Thoughts on this?

Also I have around $600 saved up that I am willing to safely play with, where and what should I do with that money in terms of brokers? I know etrade requires 500 to start but that's the limit to my knowledge. I do not know if they charge per gain or trade.

Depending on how brokers charge I kind of want to buy a lot of cheaper stocks and sit on them for a few months (4-6) and see what happens. Buy low and sell high. Stocks ranging from $2-7.

Like I said I am new and I am in no hurry, please give advice if you would be so kind.