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OK, so I'm really inexperienced with investing, and to be honest I'm still only half way through "Rule Makers, Rule Breakers". I do have a couple of simple questions:

When investing in the US (and you'd be crazy not to, with Fools everywhere, and divsersification being important) do american online traders accept your business?? If they do, how does it work?? ie Do they offer you the exchange rates, do they charge you more than American investors, is it hard to put funds into your trading account??

Why would you spend AUD$100 (or almost) with Commsec per trade when you can pay less than US$10 on any number of american brokers?? How does the ATO handling investing in American exchanges??

These are just some of the things I am trying to get a handle on before commiting all I have in the wrong area!!

Thanks for any help you can give me.


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