August 2, 2025
Trading Manual
Ever had a strong opinion on a news story and wished there was a way to back it up? Xchange is your platform. We're a market where you can trade on your insights and put your foresight to the test against the crowd. It's not a game of chance, it's a game of skill. Here’s how you play.
Stop Guessing. Start Strategizing.
Step 1: Find a Market that Speaks to You
We create markets around real-world events that people care about, from political decisions to cricket outcomes. Each market is a simple "Yes" or "No" question with a clear deadline.
Example: Let's say India is playing a crucial Test match and you see a market question: "Will India win the first Test match against England?"
Step 2: Decode the Market's Vibe
On Xchange, the "price" isn't just a number—it's what the market thinks the probabilities are. The price is on a scale of ₹0 to ₹10.
If a "Yes" position costs ₹7, it means the market believes there's a 70% chance of that outcome.
The "No" position would then automatically be ₹3 (because Yes + No always equals ₹10).
Your goal is to find a market where you think the crowd is lagging behind.
Step 3: Make Your Move & Trade Your Position
This is where you act on your insight. You can place two types of orders:
Market Price: This is the quickest way to get in. You instantly buy or sell positions at the current price. It's like grabbing a deal off the shelf right now.
Limit Price: This is for when you're patient. You set a specific price you're willing to buy or sell at (e.g., "I'll buy a Yes position if it drops to ₹6"). Your order waits in line until the market hits your target price.
Continuing our example: After analyzing the team's recent form and considering the home-ground advantage, you believe India is very likely to win. The market price for "Yes" is ₹6.50, which you think is too low. You decide to buy 100 "Yes" units at the market price for a total of ₹650.
But then, a day later, a key player gets injured during practice. The market reacts, and the price of your "Yes" units drops to ₹4. You're not locked in. You can sell your 100 units at the new price of ₹4, getting ₹400 back. This is how you can trade positions to manage your exposure as the story unfolds.
Step 4: The Outcome: It’s Not About Being Right or Wrong
When the match ends, the official verdict is in. The winning side's units settle at ₹10, while the losing side's units become worthless at ₹0.
Winning on Xchange isn't about always being "right." It's about having a better position than the rest of the market. Let’s say you held your 100 "Yes" units until the end, and India won the match. Your units would settle at ₹10, and you would cash out with ₹1000. Your net profit would be the ₹350 difference from your initial ₹650 investment.
Ready to Play?
Trading on Xchange is a skill, a game of calculated foresight. It’s a chance to put your opinions to the test and see if your insights can beat the crowd.