Trading
How trading fee works?
Trading fee is commission we charge to users while they sell shares or win in an event. Trading fee varies for various events and user levels. We generally charge trading fee as a percetange of user profits from anything between 10% to 20%. Also we ...
How to buy shares?
You can select a particular event on which you want to bid from the home tab. After choosing the event, select the desired option between Yes and No. You can match an existing open bid or place a new bid at the ongoing price.
How do I know whether my bids are fulfilled or not?
You can check the status of your bid on any event, ongoing or closed, under the portfolio section. On clicking the portfolio tab, you can see the list of Events you have placed bids on. Here you can check the status of the bid. You can also, navigate ...
Can I bid both on Yes and No shares at the same time on the same event?
Yes, you can bid on both positions and hedge your positions. Feel free to exit the unfavourable position when you are more certain about the outcome of the event.
How to cancel orders?
You can cancel any unmatched order you placed on the Portfolio page, which you can access by clicking the Portfolio tab. If your order was already matched you cannot cancel it anymore. If you wish, you can close out your position by clicking on the ...
What is Slippage?
Buy and sell in smaller quantities and at different time intervals. Try to trade when the liquidity in the pool is high. This will, by default, lower the slippage. However, slippage is something that can’t be entirely avoided. Or you can use our new ...
Why does the sum of Yes and No price on certain events above 100?
If you're wondering why the sum of yes and no price on any event goes above 100, then you're at the right place. The phenomenon you're describing is called a "market spread". In the context of TradeX, this spread indicates the difference between the ...