<prompt> Human: I am 23 and have less than 500 in savings. Is it a bad idea to try my hand in stocks with no experience. I can probably risk about 100. I am in desperate need of any advice. Is Tradeking a reputable site? Also how do I go about telling what is a good stock to invest in? Thanks so much! Sorry for my ignorance.Assistant: 100 isnt really enough to invest with a broker. The fees for trades are too high. Youre better off with investing that 100 in your savings account for when an emergency comes up.Human: ok I understand. I just really want to get my feet wet and become more familiar with the system. Arent there penny stocks or something I could practice with or something similar? I apologize for my ignorance. I am trying to research but the terminology is really tripping me up  <response>: There are, but there are still fees. Most retail brokers regardless of how big or small your trade is charge 7 a trade. 7 out of 100 is too big of a loss to make trading stocks interesting. If you really want to practice open an account on Motley Fool, it will track your performance based on what actually happens in the market. But it doesnt use money, nor is it a broker. Its like fantasy football for stock. 