i dont know why i do this everytime
but here it is my 40 cents
before i answer anything
college student yes great time to learn investing. 2000 is more than enough to make 50 grand easy. but before you start i think you should find a good broker like ameritrade.
then before anything you need to go to some investment site and learn some easy basic stuff. like investopedia.com and buy that book by toni turner that hellcat is talking about. go do a lot of paper trade before you start trading in real life.
technically you dont need to sit on the computer all day to buy and sell.
you do your homework on the stock you want to buy. then you figure out at what price you want to buy it at and how much. you then set a buy order and when there is someone selling it at the price you offer. then you bought it. after that you figure out how much you want to sell it. then you set a sell order and when some one out there in the market want to buy the stock at the price you offer and buy it . there you sell your shares.
all this can be done automatically by computer. all you need to do is tell the computer when to sell and when to buy. ameritrade has this features. i dont know about others. but most dont trade in pinksheets ot otcbb. so dont even bother looking for any other broker.(i am bias here because i like ameritrade so much i want to buy the whole company if i can) also last but not least dont be greedy. split your 2000 into small groups of funds like maybe 500 each.
answer to your question
1) yes it is as simple as that. i dont understand the other half of question number one.
2)online broker.LOOK NO PLACE ELSE. AMERITRADE IS THE BEST AND NOTHING CAN BEAT IT. IT IS A FEW BUCKS MORE FOR COMMISION BUT THE BEST AND NOTHING CAN BEAT THE KING PERIOD.
3) yes there is just look for most active 100 by volume online . type pink, penny, otc, micro. as keyword with it.many many website will have a up to date report on which is the most active penny.
4)nothing is different. just they are traded on different boards.
like there boards like AMEX, NYSE, NASDAQ, OTCBB,PINKSHEETS and so on. many many other boards. most famous is the top example. amex nyse nasdaq is full reporting.(meaning they report everything they do in the company aka financial and so on) otc is reporting company but are not require but most will report it quaterly. pinksheet is basically totally non reporting company. otc is better than pinksheet. because at least company who is there want to be reporting company. while pinksheets are places where new company and scam company are in. pk is where most people will get scam. because you dont even know if the company actually exist. think of it this way. pinksheet is a mostly the place of birth of public company. then they will move up to otc. then they will move up to full reporting like amex or nyse.
kapisch???
if i am not correct please help me out and correct it.
also before you ask question try typing keywords on search this forum. the question you ask has been ask at least ten time the past few days. i am a little tire. but hey i am here to help.
or look back up some old thread and post and there will a lot of people who is in your situation that ask the same questions.
college student i think is the best time to start. because by the time you come into the real world you will be a pro and dont need to work. just like me.
i dont have a job. how free ahhhhhhhhhhhhhhhhhhhhhhhhhh.
also last advise
dont listen to people advise or opinion or recomendation or picks before you weight it. dont listen to people who tell you what to buy because most time you will be losing some serious money. always look at the stock you want to buy for at least a week before you even start thingking about buying it. do homework on them before you even think about watching it for a week.
people keep saying yeah you buy then sell so easy. not it is not.
you need lots of practise.
so start paper trading NOW. and learn.
at least you got a head start.you dont need to find the best broker because you knwo ameritrade is the king.hehehhe
and you find this boardroom. this boardroom has less rubbish. the other are well just pack with junk
good luck on your road ahead.
may you graduate from college and dont need to get a job. hahaha
