rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/totallyforex/public_html/refinedinvestor.com/wp-includes/functions.php on line 6114rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/totallyforex/public_html/refinedinvestor.com/wp-includes/functions.php on line 6114If you decide to click the link above as my referral you’re eligible to get this promotion of up to 12 Free Stocks when you open and Fund an account. WeBull is constantly changing promotions , so if you click the link and you see a different promotion, I want to assure you that it’s the latest one they run.<\/p>\n
Anyhow, dependless of how you decide to begin your signup process to Webull, Click Sign up on the top right corner to proceed.<\/p>\n
Enter your phone number and click send code, this way Webull wants to verify your number and that you are an actual user.
\nAs soon as you complete this step you will be brought to the page where the actual application starts. You have to select your identification types, and proceed with the document you have selected. Click Continue once you are ready to proceed.<\/p>\n
In the next step you will need to provide your personal information, such as First and Last Name, Gender, Date of Birth, ID number of the document you just uploaded as well as your Social Security Number. Complete filling this information and click continue, so you can select your employment status, nature of the business you are employed in and fill out the details of your employer.
\nIf this is the first Broker you create an account on, I want to note that this is common information that all brokers require.<\/p>\n
On the next step you will be asked to complete your investment information,, this will ask you things such as :
\nHow much investment experience do you have?
\nInvestment objective?<\/p>\n
How long you plan to invest – Risk Tolerance – as well what is your net worth, and yearly income. Feel free to answer this based on your situation, there are no wrong or right answers here.
\nOnce you finish selecting what applies to you proceed to choose an account type.<\/p>\n
Here you will be presented with two options: A Margin Account and a Cash Account.
\nNow once more this depends on you and how you want to trade, you can activate margin later if you decide to go with cash for example.<\/p>\n
But the main difference is that if you pick a margin account you can short stocks as well with a leverage of up to 4x, while on the Cash account you will not have such an option. If you are familiar with Margin accounts select Margin if not select Cash account.<\/p>\n
Then you have to pick what you want to be able to trade, obviously Stocks<\/a>, ETFs<\/a> which for those unaware are Exchange traded Funds, and I have created a dedicated video about them where you can learn what they are and how to trade them and last Options.<\/p>\n As you scroll down you will be asked what is your Options trading Level, select the one that applies to you, and fill out the information requested regarding your risk tolerance and investment timeframe.<\/p>\n To note here you have the option to apply for cryp[to trading if you wish. Webull supports 4 cryptocurrencies which include Bitcoin and Ethereum through APEX Crypto.<\/p>\n Last, you can participate in the Stock Lending Income Program. The Program provides you with the opportunity to earn extra income on fully-paid stocks held in your account by allowing Webull to borrow certain stocks. While your shares are on loan, you will be paid an income that is accrued daily and credited to your account on a monthly basis.<\/p>\n To move on, provide an e-Signature when you read and agree with the Agreements and Disclosures. We are almost there, just verify your email , add it above and click GET CODE, in about 5 seconds you will receive a number , insert it and click submit!<\/p>\n Congratulations, your application has been submitted for Approval! It may take up to 1-2 business days, but if you create the account within a business day it is quite likely that it will be approved within hours. As you can see the application I just submitted is pending approval. However until this gets approved. Once your account is approved you can go ahead and deposit funds to it, so you can claim your free shares! To do that click deposit and then you have the option to pick between Real time verification or Micro deposit Verification. Now that we have completed the process of opening and funding an account it is time to browse around the Webull website and see what it offers, how to buy and sell assets and all the other features that are available.<\/p>\n Heading to the toolbar we will start by clicking the market. Starting with the Stock Market, we can see how the Dow Jones performs, as well as the SPX. Below you have a nice graph which shows the total amount of stock in the market, 7951. That number will change constantly as many companies enter and exit the market. From those trading today 2376 are declining in price, 1220 are stable and 4355 are rising. Overall we can say it is a positive day in the market.<\/p>\n Scrolling down we have three tables, one focuses on the top gainers of the day<\/p>\n Next is the top losers of the day.<\/p>\n Last board shows the most active stocks in the market based on volume, on number one today is AMD, followed by Apple , Meta, former Facebook , Tesla , Amazon and AMD.<\/p>\n What I like about these Tables is that you can get an immediate look at the market, for those familiar with the top gainers and top losers could present an excellent opportunity for some options trading.<\/p>\n And since I have mentioned options trading the next table or board is dedicated to options trading. The oldest and greatest ETF, SPY is leading the way today in volume followed by Triple Qs, SPX and Tesla. Scrolling even further we can see the best performing industries, for the day month or three months. If I pick 3 months we can see that the Oil and Gas industries are performing exceptionally well in these markets, as well as renewable energy, and to be honest with what is going on currently in the world that makes an absolute sense.<\/p>\n Last for those who like to analyze statements, you get a calendar of when the earnings of companies are announced, what dividends have been paid out and if there are any splits coming up.<\/p>\n Next to that table we get the IPO center board which informs us of the upcoming IPOs the offering price and the amount issued of each share.<\/p>\n For Crypto market the table we get it’s much simpler, there are only 58 cryptocurrencies that can be found in it, and no top gainers or losers are mentioned in it at all.<\/p>\n Forex is similar as well, you get all the traded currencies, last price, change and the low and high of the day.<\/p>\n Now we have seen all the market lets head back to the stock market outlook as it offers quite a lot of options and check a stock to see what further info we can get about it if we click on it.<\/p>\n I will click the Fednat Holding Company which today is rising by a lot, 69% atm. A few characteristics about this stock, its a low market cap stock only 6.73 mil, 52 week low is 9 cents and high is 2.89$.Clicking the 1 year we see a declining in price over the course of the past year.<\/p>\n Below the stock we can get the latest new about the stock, option trading which I will explain in details later how to perform, Financials, Releases, Corporate Actions which include Dividends and Splits or Insider activity, Analysis, which includes EPS and Institutional Holding information and last profile, there you can find info about the industry and keep people of the company.<\/p>\n If we pick another company, let’s say Apple, this information will be much more current and updated, as large cap companies provide more info and they tend to be updated much faster given they have been eyed by many traders.<\/p>\n You can look at the number of articles over the last hour, the options availability, the amount of releases , corporate actions such as dividends, splits, insider activity, analysis. Which to note here do not trust analysis, you are much better doing your own analysis rather than taking the info here. If they were accurate, everyone would be rich today.<\/p>\n
\nClick Complete, and then you will be prompted back to Webull, but this time you will be logged in with your account, on the top right side you can see your name which you can obviously change.<\/p>\n
\nIf you click settings you can change your nickname and avatar, plus to change login password, link an email or your phone if you have not done so already.<\/p>\n
\nThe real time will ask you to connect to your bank through Webull, resulting in an immediate verification, while the micro deposit verification will require from you your bank account and deposit 2 small amounts to it, then you will be asked what was the amount of these transactions, and this will verify the account.<\/p>\n
\nHere we get 3 different markets we can check on, the US stock Market, The Crypto Market and the forex Market. This gives a great overview on what happens to the markets.<\/p>\n
\nYou have more options here such as total position, Volume, Turnover, Position and so on.<\/p>\n
\nOn the right side of the screen we get info such as open price, previous close , high and low of the day , 52 weeks high and low and market cap.<\/p>\n