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Piggybacking onto chik's post, I definitely would not waste any time on pennystocks. A lot of new people also like to experiment with options but I would avoid those as well seeing as you are just beginning.
The aura surrounding pennystocks and options is that you can make a lot of money with little initial investment, and while this is true for some traders the cold hard fact is that it is false for far, far, far many more traders.
Trading is not something that you can just pick up with minimal effort. Trading is a journey, really it's a lifestyle change.
If you cannot sit in front of a computer for a long time then that is ok. There are swing traders out there working 9-5's who check their charts anywhere from 1 to a couple of times a day.
If you don't have much funds then start saving. While you're saving start doing some homework.
When I first started out I learned a lot from the babypips school website. Even though I was not trading forex I still learned a lot, not to mention the delivery of information is awesome there. So that might be one avenue for you to check out while you save money.