I had one when I was 22. It was close to the breast and I had it removed. They told me that if it moves it's not malign (but, I guess they were just telling me that to stress me less). I had it removed surgically (it was a piece of cake) and sent for a biopsy. After I got the results, they told me it was a good choice to have it removed.
I suggest you go to the doctor.
Sometimes, though, it could be only a limphatic node (not sure of the name in English) swollen from some infection on your hand or arm. Go see a doctor!
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