> ## Documentation Index
> Fetch the complete documentation index at: https://docs.xo.market/llms.txt
> Use this file to discover all available pages before exploring further.

# Your first trade

> From a new account to a tracked position, end to end.

This walks you from a new account to a position you can track. It takes about five minutes plus deposit time.

<Steps>
  <Step title="Create your account">
    Sign in at [beta.xo.market](https://beta.xo.market). XO separates the wallet that controls your account from the smart wallet that trades. Your owner or embedded wallet proves control; the XO smart wallet holds your trading USDC, grants approvals, signs orders and holds your outcome positions.

    Funding only the external owner wallet does not make the smart wallet tradable. See [Your account and smart wallet](/product/accounts/wallets).
  </Step>

  <Step title="Fund the smart wallet">
    Open the funding modal and pick a route: deposit from a connected wallet, transfer crypto to your deposit address, or buy with cash. Each route ends with USDC credited to your XO smart wallet.

    Full detail in [Deposit funds](/product/accounts/deposit).
  </Step>

  <Step title="Find a market">
    Start from a category, a search term, or the closing-soon view. Read the card's outcome prices, time remaining, volume and mechanism label — then open the full market page. A card is a discovery summary, not the settlement agreement.
  </Step>

  <Step title="Read the rules">
    Open **Rules & Resolution**. Confirm the observation window, what makes each outcome win, the primary evidence source, when a secondary source applies, and what makes the market void. If the question can't be answered objectively by the named source inside the stated window, skip it.
  </Step>

  <Step title="Place your order">
    Choose Buy, then YES or NO.

    * **Market** — enter a USDC budget. XO walks the book up to a protection price. Partial fills are possible; the remainder is killed rather than left resting.
    * **Limit** — set a price and a share count. Any executable portion can fill immediately; the rest rests on the book until it fills, expires, or you cancel it.

    Review estimated shares, average price, maximum cost and the fee before confirming. Your first order-book trade also asks you to **Enable Trading**.
  </Step>

  <Step title="Track and claim">
    Your position appears in your portfolio with entry value, current value and P\&L. After the market resolves or voids, eligible positions become claimable — use **Claim** or **Claim All**, then allow time for indexing before the portfolio updates.
  </Step>
</Steps>

<Warning>
  A prediction position can lose its entire purchase cost. Prices and payout multiples are not promises, advice, or objective probabilities.
</Warning>

## Where to go next

<CardGroup cols={2}>
  <Card title="Order book basics" icon="layer-group" href="/product/trading/order-book-basics">
    Bids, asks, spread, depth and reserved funds.
  </Card>

  <Card title="Positions and P&L" icon="wallet" href="/product/portfolio/positions-and-pnl">
    How your portfolio values what you hold.
  </Card>
</CardGroup>