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

# Trading Overview

> Understand how orders, settlement, and positions work together in Prediction Markets.

Prediction Markets trading connects signed CLOB orders with on-chain settlement. Users select an Outcome Token, authorize and sign the order, and submit it to the order book. After matching, settlement transfers USDT and outcome tokens between accounts.

## Trading Flow

Account initialization usually only needs to be completed once. For subsequent orders, users repeat the process of selecting an outcome, placing an order, and managing that order.

**1. Prepare the Account**

Connect the signing wallet to the account, prepare trading funds, and complete the required contract allowances.

**2. Select an Outcome**

Choose the Outcome Token to buy or sell and confirm the Market's current trading restrictions.

**3. Place the Order**

Set the price and quantity, sign the order, and submit it to the CLOB.

**4. Manage the Order**

Monitor fills and cancel any remaining unfilled quantity. After matching, the trade settles on-chain, and account balances and positions are then updated.

## Start Trading

> [card] [First Order](https://dexbuilder.mintlify.site/en/event-markets/place-first-order.md)
>
> Complete your first authenticated Prediction Markets trade.

> [card] [Place Orders](https://dexbuilder.mintlify.site/en/event-markets/place-orders.md)
>
> Review order request parameters and trading restrictions.

> [card] [Order Lifecycle](https://dexbuilder.mintlify.site/en/event-markets/order-lifecycle.md)
>
> Learn how an order changes state from submission through fill, cancellation, or expiry.


This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.