I want to start out trading altcoins but don't know where to start. I don't have much money because I am a student.
You have a good capital to begin with your trading. $200 is so much money in the table. But I suggest you learn and study trading more because their is a risk involved in here. Just prefer for the worst.
Should I put my money in low cost coins such as NEM or should I put it in higher cost coins such as litecoin?
ETH, Monero, Litecoin or even ETC if you are going to ask me.
Should I spend $10 on each coin? $20?
At least $20 to begin and see where will it take you.
Should I try a few ICOs?
Really hard to put money on ICO's now. If you really want to then I advise you to study the ICO, look for the team behind, read WP and roadmaps. Right now, there are a lot of scams ICO. Its really hard to distinguished which one is not. That's why common sense and look at the ICO from behind not their face value.
Any help would be appreciated, thank you
Goodluck to you and your journey in trading. And remember that there will be time that you will suffer a lost. Just don't give up and continue with it.