I'm looking to specialise in major tech stocks.
I've heard its best to invest in what you understand, and this is the area I work, live and breathe in. It would seem a bit silly to invest in banking or mining etc, these are other areas I would like to try in the future, but I thought I would play my first hand in Tech based stocks.
The problem is most tech stocks are based in the US.
Is this something you can broker through comsec? What are the negatives / benefits of investing in a stock that is in the US?
Is my money converted into a US currency to trade it? Does this mean, if the Australian Dollar continues to rise, and I sell US stock (which never changed in value), I would make a loss?
Also i realise comsec is a bit more expensive than other trading platforms, but I thought for a first time trader, it had all the right resources, and all my accounts are associated with them.
Sorry these questions may seem quite amateur / ignorant, but this is my first post too, even though I joined almost 2 years ago