# Pricing

> How prices work on STX. Each contract is priced from $0.01 to $0.99, and the price reflects the market's view of YES.

Source: https://help.stxapp.io/articles/pricing/

Each market on STX is a question with a YES or NO outcome. For a binary contract with a $1 settlement value, a contract normally pays $1 if the outcome is YES and $0 if it is NO.

Contracts trade at prices from $0.01 to $0.99. A price can be read as an approximate market implied probability of YES: a contract at $0.25 suggests about a 25% chance. As trading interest changes, so does the price, and you can buy into or sell out of a position while trading is available.

A price is not a verified forecast or a guarantee. Fees, liquidity and market conditions also matter. See [Prices and liquidity](https://help.stxapp.io/articles/prices-and-liquidity/) and [Reading a market](https://help.stxapp.io/articles/reading-a-market/).