Webull is a popular commission free trading app among younger investors today.
While originally starting with just offering commission free trading paired with robust data, Webull now has many other offerings including crypto and options trading.
Since there are many offerings within the Webull app now, there are multiple different ways to potentially make money with Webull.
We will be covering each of those in detail below.
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Your first move to making money is to grab your 2 free stocks.
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Webull is one of the only commission free trading apps available today that offers a built in trading simulator.
This may not seem like a big deal, but countless people lose money every single year based on incorrect execution within their brokerage account.
Imagine trying to sell a stock, but accidentally doubling down. You get the concept.
Using the free trading simulator allows you to practice using the app as well as investing with $1,000,000 of pretend money.
This strategy of "buy low, sell high" is recommended by the greatest investors such as Warren Buffett.
However, the key to doing well with a strategy like this is making the right decision about what to invest in.
Nonetheless, if you hold the right stocks/ETFs and the market is in your favor, you can make money selling assets for more than you paid for them prior.
Rather than investing for growth, you can instead invest for income by purchasing these dividend payers.
These are often more well-established companies that have less growth potential, but long track records of success.
There's also dividend growth stocks, which give you a mix of income potential through capital gains as well as dividends.
When you earn dividends, you have two choices as far as what to do with them:
Option number 2 allows you to earn compound interest, so many people do this with their dividend payments.
In recent years, Webull has added a limited selection of cryptocurrencies to its platform.
Crypto is a non-yield bearing asset, meaning the only way to make money is through asset appreciation.
If you have the right timing, you can make money trading cryptocurrencies on Webull buying low and selling high.
However, this is easier said than done as crypto markets are extremely volatile.
Through the Webull app, you have access to IPOs or initial public offerings.
In the past, only large institutional investors willing to purchase thousands of shares got in on IPOs.
Webull enables retail investors to get into IPOs, even just purchasing a few shares. However, be sure to thoroughly research any company before investing in it.
Most companies end up going down, not up, after an IPO.
Lastly, Webull does offer options trading if you want to add more risk/reward potential to your portfolio.
While it is possible to make money trading options, the vast majority end up losing money. With options, 100% loss of your investment is very common. If you make a lousy investment as an equity holder instead, you still own shares at the very least which don't expire.
If you are one of the lucky individuals who does well with options trading, it is possible to make money in this manner on the Webull platform.