I'm a newbie here, and a newbie at this financial stuff.
I've recently been thinking that it would be a good idea to start doing something about my financial situation. I live and work in Japan but am an Australian citizen (Perth boy originally). I work with a few other non-Japanese people from around the world. One of my colleagues is American. We were talking at length about trading and finance the other day. He mentioned that he used Ameritrade to do his trades through. I tried to make an account with them, but alas you need a US residential address, which I dont have. So I have been looking at Australian sites like CommSec, ETrade Australia, etc.
However, I seem to be having a problem locating various ETFs, for example, that I like the look of. I'm wondering if I'm not looking in the correct place, or if the ones I'm looking at are located within the US market and cant be gotten from using companies like CommSec or ETrade Australia as they are limited to what's listed on the ASX. As an example, I was looking for:
Rogers International Commodity Index – Agriculture ELEMENTS ETN (RJA)
(I cant link yet, but you can find this ETF on the site Seeking Alpha, which as per the warning I dont endorse, nor do I endorse the specific ETF mentioned here.)
Is that ETF, RJA, simply not available from Australian companies? Or am I just not searching correctly?
If it's the former, could someone please explain how markets/stockmarkets work like that (country restrictions etc)? If the latter, could you please show me how to search properly?
Also, I was hoping to find a company that had low cost trades, like the compnay my friend uses, Ameritrade, does. Are there any recommended companies out there with low cost trades, preferably ones that I can do via online/email?