Everyone has heard of the term "day trader", however few people are actually successful and make money at it. One of my friends has created a video on forex trading (foreign currency) if you would like to get into that, which can become a lucrative venture if you know what you are doing.
One word of caution though, if you do not know what you are doing, you overexpose those hard earned dollars to a days market fluctuation. Yes, you can make more money per day by day trading, but you have a much greater chance of losing every penny in a day as well because of the fluctuations in stock market investing.
If you are only concerned about safety and want the highest rate possible, check out certificate of deposit rates. My friend has created a great way to find the best FDIC insured rate.
Also,The Oracle of Omaha does a great job explaining how Warren Buffet started out investing, and it may be a helpful source.
Back to the topic: for beginners, my strategy will be the best way to invest until you get more familiar with reading trends on graphs, learning about companies and how the market influences their stock price.
Also, day trading can become costly. If you are serious about it, I would suggest an online wrap account that will give you unlimited trades for a % fee each year. Usually this fee amounts to about 1-1.5% depending on where you go. Alternatively you can sign up for an online site charging $2-$10 per trade. This will add up quickly as you will be paying fees for both buying a stock and selling a stock. Never go through a human broker to day trade as you will likely get charged 1-3% for each trade (buy and sell) placed.
Also, instead of day trading single companies, which have the added risk of business risk (assuming risk that bad news will come out and hurt their stock price, may file bankruptcy, etc.), start out with ETFs (exchange-traded funds) that track an index. For example, buy an ETF that tracks gold and day trade it on a daily basis.
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