When it comes to trading stocks, most people give it a second thought. The reasons are plenty: the fear of getting fleeced by brokers and the lack of knowledge about stock trading keep most people away from this segment. However, that shouldn’t make you shy away from exploring stock trading as an investment opportunity. In case you have read our previous blog posts, we have already discussed how you can invest in mutual funds to build wealth for retirement. But why not take things up a notch or two? After all, investing in mutual funds is essentially indirect stock trading; the only difference is that you’re dealing with a third party who’s managing your money for you. If you want to trade stocks directly, here is how:
What Is Takion?
Takion is a global investment platform that allows you to trade stocks, commodities, crypto assets, and even currencies directly from your mobile or computer browser. The company was founded in 2016 and is headquartered in Singapore. Currently, Takion is available in 44 countries and supports 14 languages. The company offers a variety of services to customers, including investment services, portfolio management, and more. Interestingly, Takion also provides services to financial institutions, allowing them to offer their clients ‘straight-through’ trading. What distinguishes Takion from its competitors is that it allows you to trade stocks directly from your mobile app or computer browser. This means there’s no need to create an account with a broker, deposit money there, or go through the hassle of transferring funds to your account. You can simply log in to your account and start trading.
How to Trade Stocks on the Takion Platform?
To trade stocks on Takion, you can either sign up for the free account or go for the paid one. If you opt for the free account, you won’t be able to trade stocks but you can trade futures, commodities, and forex. After you create an account, you can start trading by adding stocks to your watchlist. You can also add stocks to your portfolio. Once you add a stock to your watchlist, you will be able to view the graph, price chart, and news feed related to that particular stock. Once you add a stock to your portfolio, you will be able to track your portfolio’s performance in real-time and check your portfolio’s value across different market conditions.
Benefits of Trading Stocks on the Takion Platform
Easy to use: The platform is extremely easy to use, especially for beginners. All you have to do is to log in to your account, select the stock, and buy it. You can even set a buy and sell price so that the platform automatically buys or sells stocks for you when the price reaches your desired level. No minimum deposits: Most brokers require you to make a minimum deposit to start trading. However, Takion doesn’t have any such restriction, which means that anyone can start trading stocks as soon as they open an account. High liquidity: The trading platform has an average daily volume of $100M, which is enough to ensure high liquidity. No account minimum: Most brokers require you to create an account with them and deposit a certain amount of money before you can start trading. However, Takion lets you start trading without making any deposits.
Limitations of the platform
Limited to stocks: While most investment platforms allow you to trade a variety of products, Takion only allows you to trade stocks. No advice: While many trading platforms also offer financial advice and suggestions, Takion doesn’t provide any advice. It only allows you to trade stocks on your own. No demo account: Many platforms offer you a free demo account where you can practice trading stocks before going for the real thing. However, Takion doesn’t have a demo account.
Stocks are an excellent investment vehicle that can help you build wealth for retirement. However, most people shy away from trading stocks because of the following reasons: the fear of getting fleeced by brokers, the lack of knowledge about stock trading, and poor access to information. However, you can easily overcome these hurdles by choosing a reliable stock trading platform. If you have read our article, you will know that Takion is one such platform. It is easy to use, has an intuitive design, and allows you to trade stocks directly from your mobile app or computer.