Event selection, analysis & bid
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 overwhelming if you don’t know what you’re looking for. If you’re here to trade your convictions, finding the right event at the right price is key. Look for events that you have a strong opinion about, in topics you find personally interesting. As you browse through the categories, pay close attention to the Yes and No prices. Do you agree with the sentiment expressed by other traders?
Finding the right event?
Before you’re able to decide on an event to trade in, you should know what categories of events exist on TradeX! A good place to start your search is through the search button located at top right corner of the home page below wallet icon. This page has a list of categories that are especially useful for discovering events. There, you can find events that have been featured for their interesting subject matter or are currently popular with other traders. We can also check out all the events that TradeX has to offer in the All category section.
Read the event details carefully
Once you’ve decided on an event to participate in, it’s important to have all the information you need to make an informed trade. Scrolling on the market info page will reveal the MR (Market Resolution) section, which contains the Start Date and Time, Close Date and Time, Settlement Date and Time, and other important pieces of information to keep in mind while trading. Perhaps the most important of these are the Source Agency and Market Resolution. TradeX's events may seem broad, but each event has a very specific set of criteria that must be met in order for settlement to occur in a specific direction, whether the outcome is Yes or No.
Know the rules: Events are designed to be interesting and competitive, so you should make sure you understand the MR before you begin trading. Any market participant should be able to verify the result of a settlement, and you should familiarize yourself with these details prior to buying and selling contracts. Gather Information and Innovate
Information comes from unlikely sources, and finding those wacky correlations can give you an edge in the market. All the latest news, information, and market updates in the respective event should be gathered and analyzed before starting the trade.