Posted by forex at 1:47 AM
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1. Open and fund an online stock brokerage account if you do not already have an account. Smart Money magazine provides an annual broker survey to rank the online brokers. The magazine's 2010 Broker Survey is linked below. The three top rated brokers are Fidelity, E-Trade and TD Ameritrade.
2. Look up the current share price of several Japan-focused ETFs. The iShares MSCI Japan Fund, symbol, EWJ, is the largest, most active Japanese ETF. For small company Japanese market exposure look at the iShares MSCI Japan Small Cap Indes Fund, symbol SCJ.
3. Select which Japanese ETF fits your investment goal and determine the number of shares you want to buy. EWJ holds stock of companies like Toyota, Mitsubishi, Honda and Canon. SCJ invests in smaller companies with names generally not known in the U.S.
4. Use the broker's online trade order screen to buy the ETF shares. Broker orders are placed using the stock symbol and number of shares to be purchased. The actual purchase price will be known when the trade is completed. The trade screen will show the current bid and ask price for the ETF and you should get the ask price.