I'm new to online trading and to investing. I also don't have a lot of money. I want to start by investing maybe $200 to learn the ropes. I know it's not a lot but it makes me less nervous about losing money because of poor stock choices.
Given the amount of money I'm putting in now, do you guys have any advice on:
a) What stocks to pick or how to pick stocks to maximize my returns from such a low starting amount. Like how do you as a beginner pick stocks that will appreciate in value, especially for buying/selling in a 1-7 day time frame? I'm sure I'll know what to look out for as I gain more experience, but I'm sure I'm not using all the available resources on the internet because I'm not aware of them.
(b) I'd like to also invest on a longer time frame once I know what I'm doing. For me, a longer time frame would be 5-6 years for a bunch of personal reasons. I can probably put in around $2000 for this. Should I invest this in dividend paying ETFs or stocks to maximize my returns?
Thank you! Any advice is appreciated and I'd be very happy to get some specific (rather than generic) advice.