What is TradeX?

What is TradeX?

TradeX is an innovative information exchange platform that enables users to trade predictions on future events across various domains such as Stocks, Businesses, Politics, Weather, and Entertainment. This article aims to provide a comprehensive understanding of how TradeX operates and its significance in the realm of information markets.

What is TradeX?

TradeX functions as a marketplace for trading predictions on future events. Users can engage in trading contracts that predict the outcomes of various events, thereby contributing to a dynamic and interactive prediction market.

Real-World Example: Movie Prediction Event

Consider the event: "Liger to be a hit movie?" Before the movie's launch, the majority of traders predicted NO, demonstrating how market sentiment can effectively predict event outcomes.

Information Market Mechanics

TradeX operates as an electronic marketplace for trading information using a binary (Yes/No) prediction model. Contract prices range from 1 to 99, with a payout structure that awards 100 if the predicted event occurs and 0 if it does not. This structure incentivizes accurate predictions and provides a platform for users to engage in informed trading based on collective market insights.

Core Trading Philosophy

TradeX is designed to provide a platform for:

  • Entertainment: Engage in trading as a form of enjoyable and stimulating activity.
  • Knowledge Sharing: Participate in a community where insights and information are exchanged freely.
  • Skill Enhancement: Improve your trading skills through practice and interaction with other traders.

How to Open a TradeX Account?

  • Easy registration process
  • Provide your phone number
  • Receive OTP to log in and start trading

Price Movement

  • The price reflects the market's probability of a specific event happening, typically represented as a percentage.
  • The price can move based on trading activity, news, or changes in sentiment. As more people buy or sell positions, the price fluctuates to reflect new expectations.

Payout

  • The payout is the amount you receive if your position wins.
  • If you bet on an event that eventually occurs (e.g., a political event happening), you would receive a return equal to the winning payout.

Liquidity

  • Refers to how easily a contract or position can be bought or sold without significantly impacting the price.
  • High liquidity means there’s enough market activity for positions to be executed quickly and at the market price.

Position

  • Refers to your stake in a particular event. A “long” position means you believe the event will happen, while a “short” position means you believe it will not.

Settlement

  • The process where the final outcomes of the event are determined and traders are paid out based on their positions.

Margin

  • The amount of money you need to stake in order to take a position in an event. It may be used to cover losses in case the position moves against you.

Odds

  • The likelihood of an event occurring, often expressed as fractional or decimal odds. Odds are generally converted to percentages to reflect the market’s consensus.

    • Related Articles

    • How Token Rewards Work?

      The Token Rewards System on TradeX is designed to incentivize user engagement and participation. This article provides an overview of the token system and its benefits. Token Overview TradeX tokens are a platform-specific cryptocurrency that users ...

    • TradeX: Fair Play Policy

      At TradeX, we are committed to ensuring that every user experiences a platform that upholds the highest standards of fairness, competition, and integrity. This Fair Play Policy, integral to our terms and conditions, is designed to guide and ensure ...

    • How TradeX works?

      You can select an event from the various categories of events that we have on the TradeX app. Selection of an events should be done on the basis of expertise, knowledge, and interest of the Trader. Exploring all the markets on TradeX can be ...

    • Is TradeX regulated?

      No, TradeX is not regulated by any Financial Commission or Institution at the moment. However, we’re members of the Federation of Indian Chambers of Commerce & Industry and the Confederation of Indian Industry, which are both non-governmental trade ...

    • Indian States Restricting Deposits on TradeX

      Several Indian states fully or partially restrict deposits on TradeX, a real-money prediction platform. States with Partial or Complete Ban: Telangana, Andhra Pradesh, Assam, Odisha, Nagaland, Sikkim Bonus Tokens & Deposits: Even in banned states, ...