How to Trade Prediction Markets

Master the art of prediction market trading. Learn strategies, risk management, and advanced concepts to maximize your returns.

HomeHow to Trade
Step-by-Step Trading Process
Follow these 6 steps to execute successful trades
Step 1

Connect Wallet

Connect your Web3 wallet to BNB Smart Chain Testnet

Ensure you're on the correct network and have some test BNB for trading.

Step 2

Choose a Market

Browse active prediction markets

Look for questions you have insights about. Check trading volume and liquidity.

Step 3

Analyze Probabilities

Study market prices and implied probabilities

YES price = probability of yes outcome. NO price = probability of no outcome.

Step 4

Calculate Potential

Use the trade calculator to estimate returns

Input your trade amount to see expected payout based on current prices.

Step 5

Execute Trade

Buy YES or NO positions

Set appropriate slippage tolerance and confirm the transaction.

Step 6

Monitor & Manage

Track your positions and market developments

You can exit early by swapping positions or wait for resolution.

Do's
  • Research markets thoroughly before trading
  • Start with small positions to learn
  • Use appropriate slippage tolerance (2-5%)
  • Diversify across multiple markets
  • Monitor your open positions regularly
Don'ts
  • Don't risk more than you can afford to lose
  • Avoid trading markets you don't understand
  • Don't chase losses with larger bets
  • Avoid emotional trading decisions
  • Don't ignore transaction costs and fees

Ready to Apply These Strategies?

Put your trading knowledge into practice. Start with small positions and gradually apply these concepts as you gain experience.

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