Great to see a young people are having interesting in stock market. Since you cannot start investing until you get 18 years old; however, you can start do some research while start saving money for invest.
Once you get 18,
1. You need to open an brokerage account - Questrade, TD waterhouse, RBC direct investing are couple of examples
2. Transfer funds to your brokerage account - it usually takes 2-3 business days
3. Invest in stocks that you think will go up to make profit.
Day trading is too danger, but people cannot make money for living with day trading. So, I would say invest in well established dividend paying blue chip stocks - they pay money solid money every 3 months and their capital will grow for long run. Since you are in Canada, you better start with Canadian stocks first. Here is some Canadian blue chip dividend stocks you may consider: http://www.financejourney.com/top-35-can...
Please try some model portfolio now before invest in actual money. Also, seek some profession advise from parents and financial advisers.
You have to be 18 to open brokerage accounts. But until then, do some research. You'll be way ahead of everyone else. Also, you need to make sure you know your stuff before getting involved; it can be risky. There are some good lessons on this site that you should take a look at:
http://www.stockhomework101.com/
You can't.
You must be 18 or older to open an account.
If your dad invests, you would have already asked him for help.
So I'm currently 16 and I thought it's the perfect time to start stock investments, unfortunly I'm not sure how to. Would you please explain how to?
