Congratulations on saving up the money you do have now. But with that relatively small amount, you are better off avoiding the markets till you can save a little more, especially with this uncertainty and volatility in the markets now. There are brokerages that require a minimum of $500, but most require more. Things have changed in the world of investing and trading over the past few years, it is more of a global economy and global trading environment.
Avoid the quick gain, you will eventually get burned, at least till you are more experience. Even big hedge funds and institutions can get burned. Quick gains can turn to quick losses. And by all means, avoid penny stocks. Most are easily manipulated and are thinly-traded.
I don?t want to discourage you, you are on the right track. Wait till things settle down more with the economy and the debt situation in Europe.
Be patient and learn by visiting websites such as bloomberg.com and marketwatch.com.
Source: http://article-finance.com/investing-in-the-stock-market-with-minimal-cash/
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