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Understand market mechanics, core concepts, and how to use the platform effectively.

Market Fundamentals

IX:Your cash balance. Used to buy contracts and updated when you deposit, sell, or a market ends.

Contracts (shares):Units of YES or NO. You buy YES if you think an event will happen, and NO if you think it won't.

YES/NO Prices:These numbers (from 1 to 99) represent the market's current 'estimate' of the outcome probability.

Settlement:How the market ends. Holders of the winning outcome receive 100 IX per contract; losers receive 0 IX.

Free Credits:Test currency (IX) given to you so you can practice trading without any risk. Explore Markets

Key Concepts

Order Book:A live list showing all current buy and sell requests for a market. Tapping any market on the Discover page lets you see its book.

Spread:The gap between the best YES price and the best NO price. A narrow spread means high liquidity and stable pricing.

Volume:The total amount of trading activity (in IX) that has occurred in a market since it first opened.

Trading Mechanics

Limit Orders:An instruction to trade at a specific price. You choose the price and size, and your order waits until a match is found.

Matching:Your order waits until someone else agrees to your price. Your balance and holdings only change when a match occurs.

Fills:A completed trade with another person. Your holdings only change when an order is 'filled.'

Order History vs. Trade Log:Order history tracks all your requests (including cancelled ones); the trade log lists only the ones that successfully matched.

Portfolio & Activity

Manage your funds, track your holdings, and review your trading history.

Positions

A live view of all the contracts you currently own, along with their market value and your unrealized profit/loss. View Positions

Pending Orders

Track your active buy and sell instructions that are currently waiting for a match in the order book. Manage Orders

Trade History

A complete log of every order that has successfully matched and filled, showing exactly when and how much you traded. View Fills

Wallet & Funds

Manage your IX balance, view transaction logs, and see your practice credits in one place. Check Wallet

Trading Calculation Example

Imagine a market: 'Will it rain tomorrow?' with YES and NO trading as separate contracts.

1. Buying YES vs. Buying NO

YES and NO are separate outcomes. You buy YES if you think the event will happen, and NO if you think it won't. You can even hold both at the same time.

2. The Price of a Contract

If YES is trading at 65 IX, you pay 65 IX per contract. This price is the market's current 'estimate' of the probability. Prices are determined by supply and demand, and while they often sit near a total of 100 IX, they can vary based on the spread.

3. Placing an Order (Reservation)

Buying 20 YES contracts at 65 IX immediately 'reserves' 1,300 IX (65 * 20). This stays in the book until another trader matches your price.

4. Settlement (Win vs. Loss)

If it rains, YES winners receive 100 IX per contract. If it doesn't rain, NO winners receive 100 IX. The losing side always settles at 0 IX.

5. Buying vs. Selling

You 'Buy' to enter a new position based on your prediction. You 'Sell' to close a position you already own, allowing you to lock in profits or cut losses before the market settles.

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