How can I invest in the stock market? - Page 3

Wait what? You either misspoke or wrote something incredibly idiotic. 150% return on investment every month. Sure, why not just use the profits as capital and leave it for 24 months. With such a guaranteed rate of return, you would be the richest man in the world if you start with $5000. And just don't tell me that you have to withdraw profits every month for whatever reason.

As far as the OP though, I hope you're not thinking about daytrading because for that you need at least 25k capital.

Actually, you don't need 25k. I started out at Chimeron 3 years ago, and didn't need that kind of capital. You would need a minimum of $40k as per SEC rules for those with personal accounts, and you're leveraged 4:1 by your preferred broker.
But for OP, at 15 the best you can do is get an account from a discount brokerage and just paper trade for 6 months- nothing else. Learn, research companie and industies. I know you say you've studied, but nothing joltsyou like closing positions after the market closes and seeing a significant loss...but that's intra-day trading.
Also study math...lots of it, as far as ODEs, Adv Algebra, lots of Stats/Probability (using matlab/spss) , learn to code (C++, C#, java, MS VB, perl, XML, PHP).
Don't let anyone discourage you, but it's a cutthroat world not built for 15-year-olds. Start VERY small, learn a lot, then after high school, you can play with the big boys.

Let me see, I buy something for $200 sell it for $500 = 150% profit. It also takes money to make money. I use the profit to reinvest in what i do and keep the ball rolling. I've been doing it for 5 years, it works for me. You keep dreaming about the stock market and your 25k investment capital. The stock market is not guaranteed and what i do isn't either. You're also not accounting for EXPENSES like rent, food, clothes, etc... those things don't pay themselves you know. There's also this thing about not having PAPERS!! I can do what i do on a larger scale but i would need you know....those damn papers...

I've been paper trading for way over a year now. Warren buffet once said, if math was needed to be an investor, I'd still be delivering newspapers.

I already know how to code XML, PHP, and MS VB.

I disagree with you on the fact that "It's not a cutthroat world built for 15 year olds"... in fact, there is absolutely nothing for me to lose. If I do go broke well... I'm still living with my parents and by law I can't move out they also have to feed me, and clothe me. If anything, it's a perfect world for a 15 year old, seeing as I don't have to provide for a family, and I have nothing to lose... not even my money because as I've said, the money that I plan to invest is extra money that I would otherwise be using to buy clothes that I don't need as I have enough.

If I had said, "I'm a 26 year old without legal residency in this country". I think i'd be getting an answer as to how to go on making a stock investing account, not people trying to say that I'm not cut out for it when they don't know me.

The easiest thing to do is open a CD account in your local bank. Although right now, CD rates are in the crapper so it's not going to give you enormous profit but its risk-free and easy to do.

I worked in proprietary trading for a year, an intense year for an asset mgmt firm mostly in risk arbitrage, and now I work on my own with my trades executed by a reputable brokerage. So, I'd like to think I speak with some authority. You clearly sound less like someone seeking advice, and more a combative person who needs to negate any advice- which is why you posted this, right?

Go easy on the cockyness. When you find yourself handling a 7-figure portfolio, and have all those skills I hope you get, then you can man up. I keep forgetting you're 15. You haven't even finished high school! good luck, kiddo.

so what is it that you do?

The kid has a point! I have experience with Wall street types and all these folks who call themselves experienced traders and use expensive software to make trades, most of them have no idea what they are doing and lose money.

Investing is not complex. If you do your homework, refrain from being too greedy and have some luck on your side you can get good results.

Kid do not let these guys dissuade you. You are right. You are playing with house money and you have just as good a shot at getting good returns as "experienced wall street guys" This stuff is not brain surgery.

At the core it boils down to who can predict the future. Since no one has guaranteed foresight, anyone who is either lucky or has perspective can do well. If you think you are that guy. Don't let your age stop you. You can do it. Lebron James was a star at 17 and better than most grown men in an arena where age actually does matter so don't be dissuaded. Just do not get too cocky.

I buy and sell stuff, it's a pretty simple concept. This is becoming a pissing contest btw. Like I said, you can't give the answers to someone who already has them....

Did you actually read my post or you just read the title and assumed you had the answer?

I'm not seeking advice on how to actually do the investing but rather opening up an account.

I went through this long process with td-ameritrade and they were asking me for a SS, and or some form of identification. Seeing as I am illegal I only have an old expired passport. So for those of you who actually read my posts instead of assuming what I write, I'll make the question a little bigger.

Can an illegal immigrant open an account at e-trade, scotrade, or others? Or must you be a legal resident in order to do so?