Thanks for all the replies this is going to sound very Noobish :hide: however I am interested in a US company and I would like to purchase some stocks soon before they go up
<senior traders - insert newbie losing his money joke here lol
>
I did a bit of research on this frum and it appears that people on this forum deal through
http://www.interactivebrokers.com/
when purchasing overseas stock
So I guess that the first thing I need to do is get an account with them, which will require me to put a deposit with them right?
then through their website i will have to indicate that i want to purchase the stock that i have in mind and give them some money to buy it for me.
I am not sure what happens next once the stock is purchased, do i get a certificate? what happens when i want to sell?
I am planning on sitting on these for at least 12 months as I am sure they will go up by approx $5 US in 12 months time.
Any advice would be greatly appreciated keeping in mind that i have never done anything like this before and my general knowledge in the area is parctically nothing
however i do know that the risk is low and NO i dont have any inside information or anaything that is PURELY me speculating.