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

# How to Trade

> Learn how to trade on decision markets on percent

This section explains how to trade on traditional (non-quantum) decision markets on percent.

## Getting Started

Each user gets a client-side wallet to execute trades and hold positions with. Once you log in, you should be able to access your wallet in the top-right of the header. From there, you can either add funds by sending your desired token to the address.

## Enter a Market

In order to participate in a decision market, you need to enter a market with either SOL or the target token. In this walkthrough, we will give examples using `$ZC`, ZCombinator's native token, and `$SOL`.

* Entering a market with 100 `ZC` splits your token into 100 `pass-ZC` and 100 `fail-ZC`
* Entering a market with 2 `SOL` splits your token into 2 `pass-SOL` and 2 `fail-SOL`

## Trading

The percent frontend allows you to first choose whether you'd like to bet on the pass market or the fail market.

The **pass market** represents the price of `$ZC` if a proposal passes. The **fail market** represents the price of `$ZC` if a proposal fails to pass.

Trading on the pass market allows you to exchange `pass-ZC` for `pass-SOL` and vice versa. This will only affect the pass market `$ZC` price.

Trading on the fail market allows you to exchange `fail-ZC` for `fail-SOL` and vice versa. This will only affect the fail market `$ZC` price.

This allows you to express your belief on what you think the price of `$ZC` should be if a `ZC`-related proposal passes or fails.

## Exiting a Market

If you have sufficient `ZC` or `SOL` on both the pass and fail markets, you're able to combine the tokens and exit the market.

### What does that mean?

Let's say you have 100 `pass-ZC` and 80 `fail-ZC`. You're able to withdraw 80 `$ZC` from the market. Afterwards you will be left with 80 `$ZC` (in your privy wallet), 0 `pass-ZC` and 20 `fail-ZC`.

This also applies to `SOL`.

## Claiming

After the decision market resolves, you will be able to claim tokens from the resolving market.

Let's say a proposal ended up failing and you have 50 `pass-ZC` and 75 `fail-ZC` as well as 2 `pass-SOL` and 1 `fail-SOL`.

This means you will be able to claim 75 `ZC` and 1 `SOL` from the fail market. The pass market tokens are deemed worthless / non claimable.