Trading Related
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 ...
Understand Orderbook
The order book displays all the resting orders available on the market. It displays the quantity of resting orders available as well as their corresponding prices. A resting order is an offer to purchase contracts at a certain price that is not ...
Understand different order types.
There are 2 types of orders. A market order is an order to buy or sell a share at the market's current best available price. A market order typically ensures an execution, but it doesn't guarantee a specified price. Market orders are optimal when the ...
What is event shares?
In TradeX, "share" typically refers to a unit of ownership in a specific event outcome or market. TradeX is a platform for trading on the outcomes of future events, such as political elections or economic indicators. When you buy a share in TradeX, ...
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 event settlement work?
The event settles as established in the market rules. You can find the settlement date and rules for each event on its Market Page. Event settlements are designed to be verifiable by any market participant. Familiarize yourself with the details ...
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 ...
Understand what contract price means?
The Yes/No prices that are displayed for a market simply represent the prices at which you’d need to purchase a contract to instantly get matched with another buyer. In other words, these prices are determined by the current bid and ask prices of 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 ...
What is portfolio?
Once you have purchased shares from an event, you'll have to visit the Portfolio page to view more attributes of your shares.In the portfolio page, you can view all the markets that you've participated in, including the ones that have ended & ...