Hi, total noob here (as will shortly become evident).

Having been burned by a 'web designer' here in the Land of Smiles, ran out of cash and decided only option to design myself a site.

I need a site for my very niche (painfully so, here ...) product. I managed to get the domain name of aforesaid scam artist, er web designer, and have it registered with Goddaddy. (Still no site though). I then registered another domain with them more pertinent to the product and having driven myself nuts and to several cases of the local hooch, have been advised by a local software entrepeneur Wordpress the way to go. Can I import my photoshop designs into wordpress? I've seen a tut on youtube saying you can, but not how, is it fairly straightforward?

Also, had been directed to Hostgator by someone some time ago, but Wordpress primarily recommend Blue Host.

Now, this is where the 'dummies' part comes in, the bit everyone thinks you're already supposed to know so don't s.p.e.l.l it out for you
Am I right in assuming I can host my two domains from just one host at the quoted price per month? ie $4 will get them to host me the two or more domains, not $8 etc? All advice very greatfully received