How To Buy Asana Stock

How To Buy Asana Stock

Welcome to Trading Brokers step by step guide to buying Asana stock. Here you will find an easy to understand explanation of trading Asana stock. This includes how to buy Asana shares online, what you need to trade Asana stock and how to open a trading account with a stock broker so that you can buy Asana stock online today.

Maybe you have heard of buying Asana stock online or through a friend. Perhaps you are looking to trade and are curious about the different options available to you. Whether you are looking to speculate, invest or just learn more, this guide on how to buy Asana stock can help you along your journey.

Overview of Asana

Managers have many issues to deal with. They have to deal with team members, coordinate projects, and stay on top of tasks. On the other hand, employees and team members do not find the project management process easy as well. This affects general company performance, which reflects in the finances. Studies revealed that companies waste up to 12% of their project spending on poor management. There are other ripple effects, such as erosion of employee confidence and friction within the workplace.

The pandemic and the remote work mode it fostered did not make things any easier. As such, managers and employees alike can achieve a lot with the help of tools and resources to help them along and collaborate on tasks and deliver on their objectives faster and much more seamlessly. This is where project management software can come in. One of the most prominent is Asana, a productivity and project management tool for teams, companies, and more.

Asana, dubbed “Your Work Manager,” is out to simplify team-based work management and “to bring efficiency and streamlined work flow to small and big companies.” With Asana, you can see who is doing what and when to organise and to assign tasks with their proper tags. You can assign timelines to tasks and see how work maps out over time. Above all, all of these are customizable.

Asana was founded in 2008 but launched commercially in 2012. One of its co-founders is Dustin Moskovitz, billionaire Facebook co-founder; the other is Justin Rosenstein, an ex-product manager at Google and former engineering lead at Facebook. Its backers in its early days included Peter Thiel, Sean Parker, Sam Altman, and Andreessen-Horowitz. The firm raised more than $210 million pre-IPO.

You can access Asana via a web app and mobile applications downloadable from the Google Play and Apple App stores. Currently, the software is being used in almost 190 countries and has over 80,000 paying clients.

Investing in Asana

Investing in Asana stock is when you buy Asana shares to own them outright, usually with a view to holding them for the long term. Investors would usually look to buy Asana stock in order to try and make a profit when the Asana stock price increases in value.

Trading Asana stock

Trading Asana stock is when a trader speculates on the movement in the Asana stock price without actually owning the shares in Asana. Traders tend to buy and sell Asana stock on a more frequent basis, usually speculating on daily, weekly or monthly price fluctuations.

You can buy and sell Asana stock online through various methods including spot markets, futures contracts, options contracts, spread bets, CFDs (contracts for differences) and ETFs (exchange-traded funds).

Asana CFDs

One of the most popular ways to trade Asana stock is via CFDs (contracts for differences). When trading Asana CFDs, you do not actually invest in Asana shares, meaning you are not tied to them. You are only speculating on the rise or fall of the Asana stock price. A CFD is a financial contract, typically between a broker and a trader, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade.

A CFD trader can go short or long, set stop and limit losses and apply trading scenarios that align with their own personal objectives. Traders would open long (buy) positions, if they think the stock price of Asana will rise or short (sell) positions if they thought that the Asana stock price will fall. The difference in price between the entry and exit price is the traders realised profit or loss, excluding any broker commission and fees.

For example, if you think Asana shares are going to increase in price, you could buy a share CFD on the company. You will exchange the difference in price between when your position is opened and when it is closed, earning a profit if the shares increase in price and making a loss if they decrease in price.

On the contrary, if you think Asana shares are going to decrease in price, you could sell a share CFD on the company. You will still exchange the difference in price between when your position is opened and when it is closed, earning a profit if the shares decrease in price and making a loss if they increase in price.

Asana futures

Futures contracts are an agreement to buy or sell a specified asset at a certain date and price. Asana investors can use futures trading to speculate on the price movement of Asana stock in order to try and make a profit. Traders would look to go long (buy) a futures contract if they believe the price will rise or short (sell) a futures contract if they believe the price will fall. The difference in price between the price at the start and expiry date of the futures contract is the profit or loss from the contract.

Asana spread betting

Spread betting is a financial derivative that enables traders to speculate on Asana stock falling or rising without taking ownership of the underlying asset. If the trader makes a correct prediction and the asset does move in that direction, they could make a profit, minus any broker fees. On the other hand, if the price moves against their prediction, they would incur a loss.

Financial spread betting is similar in ways to CFD trading except that you are betting a fixed amount per point on the Asana stock price movement (either up or down) and then pay or receive the difference between the opening and closing price of the bet.

Asana options

Asana options are financial instruments that are derivatives based on the value of Asana’s stock. Traders usually enter into calls when they expect the price of the underlying asset to increase, and puts when they expect the price to decrease. Option contracts come with an expiration date before which the holder needs to exercise their option to buy or sell an underlying asset at an agreed-upon price. The stated price on an option is known as the strike price.

Buyers can choose to exercise their calls and puts or not whereas sellers are obligated according to the buyer decision. Therefore, the sellers (writers) can be exposed to more risk than buyers whose losses can be limited to the premium paid for the contract in the instance they do not exercise the contract. On the other hand, sellers could lose more depending on the Asana market price.

Asana ETFs

Exchange Traded Funds (ETFs) enable traders to invest in a basket of securities that trade intraday like individual stocks on an exchange, and are typically designed to track the performance of an existing market or group of markets.

Each ETF is usually focused on a specific sector, asset class, or category. ETFs can be commonly used to help diversify an investment portfolio and create a mini-portfolio, or, for the active trader, they can be used to try and take advantage of price movements.

Asana is included in various ETF’s with shares in the U.S. ETF market. Traders who are interested in trading other companies alongside Asana, may consider ETFs.

Where to buy Asana stock?

Stock trades are processed via a stock exchange, where a stock broker represents each investor. The majority of investors will nowadays use an online stock broker to buy and sell stocks through a stock trading platform which will enable them to connect to the stock exchange. You can see a selection of our best stock brokers below with whom you can open an account to trade stocks online.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA

Min $100 Deposit

2006

1:400

Review Trade! Trade!
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF

Min $250 Deposit

1974

1:200

Review Trade! Trade!
Terms & conditions apply
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3.

ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA

Min $200 Deposit

2010

1:30

Review Trade! Trade!
Terms & conditions apply
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4.

ASIC, CySEC, IFSC, DFSA

Min $5 Deposit

2009

1:888

Review Trade! Trade!
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.

ASIC, CySEC, FSA, SCB

Min $200 Deposit

2007

1:500

Review Trade! Trade!
Terms & conditions apply
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Why trade Asana stock?

Trading the stock market has become a popular investment activity for many people, especially with the technology that we have these days making it more accessible than ever. There are a vast number of trading brokers, trading platforms and trading apps available for buying and selling Asana stock with relative ease. The cost involved to get started makes trading Asana stock accessible to traders of all experience levels from across the globe.

The availability of leverage has also contributed towards the increase in aspiring traders. Leverage allows traders to hold a position size greater than they would have been able to without it. E.g. An account balance of $1,000, could take a position size of $5,000 with 1:5 leverage. Whilst this can increase potential profits, it also greatly increases risk. It is therefore of the upmost importance that you have a clear understanding of the significant risks involved with online trading, especially when using leveraged positions.

The majority of traders would look to buy and sell Asana stock to try and earn profit from the variation in Asana’s stock price. When trading Asana CFDs you can speculate long and short on prices rising or falling without actually needing to invest in Asana shares. This can make it a more convenient trading method for anyone who has a trading account with an online broker. Alternatively, long term investors may purchase traditional shares in Asana’s stock for a more long-term hold.

Buying Asana stock can also be a way to diversify a trading portfolio and to hedge against shares in other stocks or investments in other asset classes such as forex, commodities, precious metals and cryptocurrencies.

However, before investing in Asana, it is important you understand the dynamics that affect the Asana stock price.

Factors that move the Asana stock price

In September 2020, Asana went public on the NYSE in a direct listing and trades under the ticker “ASAN” at a $3.99 billion valuation. Whether you are in for the short, mid or long-term, it is vital you know those factors that can affect the Asana stock price. We will look at some of the important factors that you need to consider if you are looking to invest in Asana stock.

Competition

Asana plays in a tightly competitive industry. Its competitors include Trello, Atlassian Corporation (TEAM), Airtable, monday.com, Wrike, and Smartsheet (SMAR), amongst many others. Above all, there is the giant, Slack (WORK). All are great companies with good value propositions in their rights, and one wonders what strategies Asana can employ to dominate the market.

Financials

While revenue has grown exponentially, there has been comparative exponential growth in losses as well. The company has never been profitable, although it has existed for at least a decade. Although this is typical of startups and growth companies, we should note that investors are growing weary of listed cash-burning startups, as recent experience has proven.

Continuous Growth

Asana is playing in a relatively new sector – and a fast-growing one at that. The collaborative applications and project and portfolio management industry is expected to reach $30 billion over the next few years. Many companies have not adopted work management tools. However, they are expected to do so in the coming years.

All these point to real opportunities for growth, which Asana can tap into by expanding product offerings, especially via tiered plans.

What you should know before investing in Asana

Asana is a growth stock. As the name suggests, growth stocks are expected to grow at staggering rates and are usually found in newer and high-growth sectors, especially tech. They usually don’t pay dividends. This is against dividend stocks, which usually comprise traditional firms that always pay dividends.

One crucial fact to note about growth stocks is that while they can grow at break-neck speeds, they can also collapse very fast, as we saw during the DotCom bubble and the ensuing bust. In short, they are risky. While we do not see Asana in that light, investors are still enjoined to evaluate their risk capacity before taking any position in it.

How to trade Asana stock online?

If you have taken the time to read through the above, you should hopefully have an understanding of how to trade Asana stock online. Here is a summary of the key steps:

1.     Decide if trading Asana stock is for you

Trading Asana stock online carries an element of risk and can take more time than other forms of investing. You will need to research the company, manage your positions, follow market news and decide how to react to it. It is important to understand the risks and dedication that comes with trading Asana stock online.

2.     Educate yourself

Before trading Asana stock, it is imperative to learn as much as possible about investing and trading online. Any mistake could prove to be costly. There is an abundance of free educational materials provided by many online brokers that can help you to improve your trading skills and knowledge.

Most brokerages will also provide a free demo trading account so that you can practice trading Asana stock online with virtual funds in order to familiarise yourself with the trading platforms and practice your trading strategies until you feel confident enough to open a real trading account.

3.     Choose a Asana stock broker

In order to trade Asana stock online, you will need a broker account and trading platform to execute your trade positions through to the market. When choosing a broker, there are a few important things to consider such as regulation, commission fees, platforms, tools, education, funding options and customer support.

If you do not have the time to research brokers, you can see a list of our best brokers that we have already prepared to help traders. If you would like to know more, you can also view our detailed guide on how to choose a trading broker.

4.     Research Asana

If you have made it this far then you may be ready to start trading Asana stock online! The next step is to research Asana to help increase your knowledge in the company. The best brokers should have this information conveniently displayed for you within their trading platform.

5.     Have a trading plan

Some of the most important factors that can help determine Asana stock trading performance can be the trading plan and discipline. It is important to have a solid trading plan personalised to your own needs that includes the money management and trading strategy that you will use. Most experts and professional traders would try to not let negative emotions such as fear, anger and greed affect their trading strategy.

6.     Buy and sell Asana stock

Once you feel ready to trade Asana stock online, you can analyse the market to help decide if and when you will place your trades. After placing a trade on Asana, you will need to keep track of how it performs and manage it according to your trading plan. Some investors will keep hold of Asana trades for the long-term, whereas traders may buy and sell Asana stock on a daily basis.

Is trading Asana stock right for me?

Trading Asana stock is a popular choice for long-term investors and active traders. It can be suitable for scalping, day trading and swing trading. Traders who would usually trade forex, trade indices, trade commodities, trade cryptocurrency, may look to diversify their portfolio.

However, it is important to understand the significant risks involved with trading Asana stock online, especially when using leveraged positions. Most experts would suggest trading on a demo account with virtual funds to begin with.

This can be a useful way to familiarise yourself with how to trade Asana stock and using trading platforms whilst allowing you to practice your trading strategies until you feel confident and produce consistent results. Most stock brokers provide unlimited demo accounts free of charge.

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