Would you like to buy Slack stocks safely? What are the best tactics and brokers to consider? In this guide, we have tried to answer all the questions about it. Having noticed the numerous requests we receive from our readers – it could not be otherwise since our website has been online for many years and is an important reference point for investors, we decided to write a complete article.
By reading this you will find information on how to best invest in the securities of this company in a legal and free way. You will also have the opportunity to discover the features of eToro and IQ Option, or free platforms that allow you to do stock trading in a confident but simple and immediate way.
Information about the company
If you are serious about investing in Slack, it is very important to know what you are dealing with. For this reason we will dedicate some space to Slack’s features and history. Let’s start by saying that this is a startup. Founded in San Francisco, its core business is an app that aims to help teams organize their work.
Going into more specifics, we remember that we aim to avoid that work teams waste their time between emails and other phone messages or via instant messaging chat. Another essential aspect to remember concerns the fact that Slack is not a project management tool. It is in fact a messaging app.
It can be used on Windows and Mac devices and allows you to create teams and take advantage of different types of channels. Specifically, these are public channels and private channels. The former are discussions in which all members of a team can take part. Private channels, on the other hand, are accessible and usable only by members chosen by the channel creator.
Slack’s Main features
Also noteworthy is the notification system, which allows you to stay informed about messages received even when you are not logged into your account. In addition, users of the app can take advantage of file uploads, as well as synchronize the account across multiple devices.
As for the plans, there are three choices available. You can choose the free account, which is totally free, but also consider the standard account and the plus account. The first one costs $8 per month and the second $15.
A very important attribute is to remember the integration with other services, such as Google Drive. The list in question continues to grow: Slack developers are in fact working hard to make this product more and more in line with the versatile needs of users.
After this technical overview, we will give some dates and specifications about the story. The idea behind what is now one of the most important messaging apps for teams was born many years ago. Maybe not everyone knows that Slack was initially conceived as an internal tool in the development of the video game Glitch, today 5hat is no longer the case on the market.
In 2013, the app was launched online with the features we know today that millions of people around the world use today. Another important milestone in its history is 2015, the year in which Slack publicly announced the violation of certain user data. To get into specifics, remember that these were emails, passwords, usernames and, in some cases, phone numbers and Skype contacts.
Slack’s team overcame this problem by introducing the two-factor authentication process, a guarantee of excellent security.
Its listing on the Stock Exchange
But the big breakthrough came in 2019. At the beginning of the year, in the first week of February to be precise, Slack officially announced its listing on the stock exchange. Shortly before the presentation of the documentation on the subject, the company had registered a valuation of $ 7 billion.
As for investors at the time of the presentation of the documents for the listing, it is recalled the presence, in the list of business angels, of giants such as Google GV, Soft Bank, Accel Partners. The app, which to date has more than 10 million active users, is included in the Forbes Cloud 100 ranking.
Returning to the pre-IPO numbers, it is recalled that, as of January 31, 2019, Slack had recorded revenue of $400.6 million. In this case we are faced with an objective growth: to realize this, it is enough to bear in mind the fact that, the previous year, revenues just over 220 million dollars. Also worth mentioning are the losses which, again on 31 January 2019, amounted to approximately 138 million dollars.
The name of this app has been praised on the pages of some of the most important newspapers in the world. In March 2015, the Financial Times newspaper compared Slack’s business to business cases in the history of technology and beyond, such as Microsoft and Blackberry.
How to buy Slack stocks
Slack stocks made their debut on the stock exchange in April 2019. At the time of their market debut, they were priced at $165.90 on the New York Stock Exchange. Do these stocks represent an opportunity for investors? They certainly do! When considering them, however, it is necessary to remember that the technology sector is extremely volatile.
To realize this, you only need to call into question the example of Facebook and the decline in its shares following the outbreak of the Cambridge Analytica scandal. In view of these situations, it is advisable to avoid buying shares in the true sense of the word. Let us be clear: doing so is legal. However, this is not the most advantageous alternative.
Nowadays, if you intend to invest in the shares of Slack, but also other companies, you should consider CFDs (Contracts for Difference). These derivative instruments, which have existed for about 20 years, allow you to replicate the performance of the asset on which you invest, avoiding buying it and speculating on price changes both upward and downward.
All the advantages of CFDs
In a nutshell, with CFDs you can earn money without buying stocks and making profits depending on the stock’s performance. To make money, you just need to guess. The possible alternatives are as follows:
Long position or purchase in cases where you assume the increase in value of the share of your interest.
Short position or short sale if that is not the case
Regarding the short position is the case to linger a moment. This choice is in fact highly speculative and implies that the user can operate without actually owning the asset. To buy Slack stocks with CFDs, it is essential to choose well the platform on which to operate.
The main criterion to consider in this respect is legality. Platforms without a CySEC/FCA license or authorization from CONSOB must be avoided. In such cases, there are no minimum guarantees that a user can be sure of their money and personal data.
How and why to buy Slack stocks on eToro
Buying Slack stocks on eToro (click here to visit the site) is a great choice, especially for those who are new to online trading. The platform in question, which has been online since 2009 and available in Italy since 2010, allows you to invest in a very special way.
With eToro (click here to register) you can in fact copy in a perfect and automatic way what has already been done by successful investors. This is Copy Trading, a patented mechanism unique in the world that allows even those who start from scratch to buy Slack stocks, but also to trade with other assets (among these, you can include cryptocurrency as Bitcoin).
Make the most of Copy Trading
To take full advantage of the peculiarities of this broker, it is very important not to consider it a money-making machine. Sticking to the strategy of a single trader and fixing yourself is very risky. In fact, let’s not forget that the best investors of eToro, also called gurus, are always human beings and therefore can make mistakes.
To avoid problems, it is therefore advisable to follow at least 6 or 7 of them. You should never lose sight of their performance and, if the traders you follow are not interesting to follow, be ready to remove one or more gurus from your list. If you plan to practice, you can start with the demo account. Free, unlimited and equal in every way to the real money account – the only exception is the presence of virtual money – allows you to train without risking capital.
Another very important help is the internal search engine. Thanks to it, you can search for traders of your interest based on different criteria, which ranges from asset, risk profile, country of origin and number of copiers. This last point is crucial if you are looking for successful investors.
When you feel ready, you can take the big step of opening an account with real money. As you have seen from the table above, the minimum deposit is 200 euros.Click here to sign up and start buying Slack stocks by copying the best traders in the world
The Wide Training Range
The resources that this broker makes available do not end there. To familiarize yourself with everything related to stock trading, you can refer to the free Investous guide. This ebook has the feature of aiming at simplicity: it does not get lost in big words but explains all the best practical tricks to buy Slack stocks.
With the theory alone, in fact, you do not go very far. Unfortunately, many online trading courses focus only on this, not teaching anything. In addition, they ask for thousands of euros. With the guidance of Investous the situation is different, because it is a free resource that, thanks to its immediacy, allows you to really learn how to trade shares.
In addition, it can be downloaded even without being registered with the broker. To do so, just enter a valid and active email. At this point, if you want to read the Investous ebook you have to click here.
Investing in Slack stocks can be a very advantageous choice. To trade with confidence, you must choose legal platforms. The list of brokers with these features is very wide. Among the names worth considering are undoubtedly eToro and IQ Option.
They are in fact two brokers that allow even those who start from scratch to be able to buy Slack stocks. In the first case, you can do so by copying the strategies of other investors. In the second, however, referring to advice always provided by successful traders.
Moreover, in both cases you can practice with an unlimited and free demo account. When opening the account with real money, remember that risks are always lurking. For this reason, it is recommended to adopt the technique of Money Management, which involves dividing the capital into several parts and assigning each of them to a single operation, avoiding to bet more than 5% of the capital.
Now that you have read the entire guide – which we hope you have found useful – we ask you to share it with your social contacts, so that other users can discover how to buy Slack stocks.