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You know, you have to pick a stock market strategy. You have to determine how disposable the money you put into it is. I have friends who treat the stock market like a giant slot machine. What this means is that they risk a lot of money in day trades.
The basic idea behind day trading is buy low and sell high. This upsets the stodgy old wise money rules of stock market trading because generally a buy and hold policy guarantees receiving dividends. But people love to speculate on the price of things.
Never buy shares over the phone from someone pitching a particular stock. Although the rules have changed and the powers have come down hard on some charlitans -you are better off reasearching a stock and picking it yourself. After all you are doing this (I believe) for the fun of it.
If you would rather play the safe money bet... then I would go with one of the commercial Mutual Funds offered by some of the Brokerage powerhouses. DeutschBank is a good one imho. You usually need more capital to start but it's always safe and you can put your money away and forget about it for a while.
I'm pretty opinionated on the subject so if you want to know anything else just ask.
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