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Subject:  Cheap trading of foreign stocks Date:  3/30/2010  2:21 AM
Author:  Laustcozz Number:  52 of 80

I hate asking such a simple question on a board...but i can't seem to find a satisfactory answer anywhere!

Question Is:

How can I buy a stock listed on a foreign exchange for a reasonable price?

The specific company that I want to buy is Lynas, which is listed on the ASX for ~$.50 per share. I want to buy about $500 worth (I'd like to buy a few million shares but I have pretty limited resources). So is there anyway that i can buy true shares on the ASX without losing 20-40% of my $500 to brokers fees?

I know I can buy pink sheets...but those trade extremely low volume, and the whole OTC market kind of frightens me.

Thank you for your time in advance!
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