Thyssenkrupp (TKA.DE) is a renowned German industrial conglomerate with a market cap of €4.29 billion as of 21st August 2023. Founded in 1999 through the merger of Thyssen AG and Krupp, the company has a rich history in steel production, engineering, and technology solutions. Its legacy dates back to the 19th century, when both founding companies played pivotal roles in Germany's industrialization.
With a focus on diverse sectors such as materials, capital goods, and services, the company has contributed significantly to various industries globally. The company went public in 1999, carrying forward a legacy of industrial excellence and innovation.
Traders may consider using different trading strategies in trading. For instance, day trading involves buying and selling the stock within the same trading day, while swing trading involves holding the stock for a few days to a few weeks. Copy trading allows traders to copy other successful traders' strategies, while position trading involves holding the stock for a more extended period. Scalping trading involves making small profits on small price changes. It's crucial for traders to choose the strategy that fits their preferences, trading style, and risk tolerance.
As a trader, it's important to do your due diligence and consider the competitors of any stock you plan to trade. This is true for Thyssenkrupp which has numerous competitors in the same industry. They include:
- Siemens (SIE.DE) is a German multinational conglomerate known for its presence in various industries like energy, healthcare, and infrastructure solutions. Founded in 1847 by Werner von Siemens, the company has a long history of technological innovation. It's a global leader in electrification, automation, and digitalization.
- Kone Corporation (KNEBVh.DXE) is a Finnish company specializing in the manufacturing of elevators, escalators, and related services. Established in 1910, it has become one of the world's largest elevator and escalator companies, focusing on sustainable urban mobility solutions.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.