The market, explained.
Guides on trading, leverage, and the assets we list — written by the people who built Liquid.
Beginner Guides
Start with the core mechanics of perpetual futures and risk.
The Beginner's Guide to Trading (Without the Fear)
Real markets, real mechanics, simulated money. Here's how to learn before you risk anything.
4 Things Every Beginner Perp Trader Should Know
The basics before you press buy — what you are trading, getting the mechanics into muscle memory, keeping risk small, and journaling your trades.
What Every Market on Liquid Actually Is
New to Liquid? A beginner's guide to crypto, stock, commodity, FX, and prediction markets — and what actually moves each one.
Stop Loss Strategies for Beginners
Set it once. Let the market do the rest. Five practical stop-loss strategies that help beginners lose less and stay in the game.
AI & Trading
How artificial intelligence is changing the way traders research, decide, and execute.
Automated vs. Agentic Trading: What's the Difference?
Bots follow rules. Agents form judgments. Knowing the difference is the whole game — it decides what you can safely delegate to software and what guardrails actually protect you.
AI Trading: Why It Works and How to Start
AI trading tools process more data than any human can alone — here is how they fit into your process and why Co-Invest makes it effortless.
The Best Chrome Extension for Trading in 2026
Most trading Chrome extensions show you signals or track a portfolio. Co-Invest puts a real order button inside the pages you already read. Here is how it works and what you can trade with it.
Co-Invest and the Singularity of Capitalism
Introducing Co-Invest, the first way to trade directly through ChatGPT and Claude, and a step toward intelligence-augmented capital allocation.
Trading Concepts
The mechanics behind perpetual futures, margin, and risk.
How to Short Crypto Using Perpetual Futures
A practical guide to shorting crypto with perpetual futures — how it works, when to short, risk management, and common mistakes to avoid.
Cross Margin vs Isolated Margin Explained
The key differences between cross margin and isolated margin — how each mode works, when to use them, and how your choice affects liquidation risk.
What Is a Stop Loss and How to Set One
The essential guide to stop losses — what they are, how to set them, different stop loss types, and why they are the most important risk management tool in trading.
What Is Liquidation and How to Manage It
Everything you need to know about liquidation in perpetual futures — how it happens, how liquidation prices are calculated, and how to avoid getting liquidated.
What Are Funding Rates?
How funding rates keep perpetual futures prices aligned with spot markets — what they are, how they work, and how traders can use them strategically.
What Is a Short Squeeze?
How short squeezes work — why they happen, how to spot the setup, famous examples, and how to trade them with perpetual futures.
Platform Comparisons
How Liquid stacks up against the exchanges you already know.
Binance Alternatives: Best Crypto Trading Platforms in 2026
Binance may lose EU access under MiCA regulation. Compare the best Binance alternatives for perpetual futures, spot trading, and portfolio management - including decentralized options designed to resist regulatory disruption.
Robinhood Alternatives: Best Trading Platforms in 2026
Looking beyond Robinhood? Compare the best alternatives for active trading — including platforms with 24/7 markets, multi-asset coverage, and non-custodial control.
Coinbase Alternatives: Best Trading Platforms in 2026
Outgrowing Coinbase? Compare the best alternatives for active traders who want lower fees, more markets, and non-custodial control of their assets.
Kraken Alternatives: Best Trading Platforms in 2026
Exploring alternatives to Kraken? Compare the best trading platforms for multi-asset coverage, non-custodial control, and advanced trading features.
eToro Alternatives: Best Trading Platforms in 2026
Looking beyond eToro? Compare the best alternatives for multi-asset trading — including platforms with AI-powered analysis, 24/7 markets, and non-custodial control.
Webull Alternatives: Best Trading Platforms in 2026
Looking beyond Webull? Compare the best alternatives for active traders who want 24/7 markets, no PDT rules, multi-asset coverage, and non-custodial control.
OKX Alternatives: Best Trading Platforms in 2026
Exploring alternatives to OKX? Compare the best trading platforms for multi-asset coverage, non-custodial control, and deep derivatives trading.
BingX Alternatives: Best Trading Platforms in 2026
Looking for alternatives to BingX? Compare the best trading platforms for perpetual futures, copy trading, non-custodial control, and multi-asset coverage.
Pre-IPO Markets
Trade exposure to the biggest private companies, on-chain.
China Is Winning the Robot Race. Unitree Just Proved It.
Unitree ships more humanoid robots than anyone in the world, and on August 10 it goes public on Shanghai's STAR Market. Here's the story behind the IPO, and how to trade Unitree exposure on Liquid.
How SpaceX Perps Work
SpaceX is private, but a private company can still support a perp market. The contract only needs a robust oracle, and Nasdaq Private Market is the obvious anchor.
How OpenAI Perps Work
Why OpenAI can trade as a perp even without a public listing: the market only needs a credible oracle, and Nasdaq Private Market is the right reference layer.
How Anthropic Perps Work
Anthropic does not need to be publicly listed for a perp market to exist. The contract only needs a reliable oracle, with Nasdaq Private Market as the natural reference layer.
Insights
Perspectives on capital markets and where they're heading.
Liquid Earn is live, powered by Gauntlet USD Alpha
Liquid Earn is live. Deposit USDC and earn up to 5.5% APY through Gauntlet USD Alpha — no minimums, no lockups, and withdraw anytime.
Airdrop Farming: Theory and Practice
A guide to airdrop farming principles — why airdrops exist, how to minimize costs, delta-neutral hedging, and estimating airdrop value.
What Are Prediction Markets and How Do They Work
A clear guide to prediction markets: what a prediction market is, how prediction market prices work, why prediction markets forecast real outcomes, and how to trade prediction markets on Liquid.
World Cup Prediction Markets: How to Trade the World Cup
Your guide to the World Cup on prediction markets: how World Cup markets work, how to read World Cup odds, and how to trade every World Cup match and the World Cup winner on Liquid.
Frequently Asked Questions
Where should a beginner start on Liquid Learn?
Start with The Beginner’s Guide to Trading, then read 4 Things Every Beginner Perp Trader Should Know and What Is a Stop Loss. Those three cover what a perp is, how much to risk, and how to cap a losing trade — the mechanics everything else builds on.
What is a perpetual future?
A perpetual future, or perp, is a contract that tracks an asset’s price and lets you go long or short without owning the asset. It never expires, so you can hold it as long as you keep enough margin, and a funding rate keeps its price anchored to the underlying.
Can I practice before trading with real money?
Yes. Paper trading gives you simulated funds on live markets, so you can rehearse opening a position, setting a stop loss, and closing out at no risk. It is available through Co-Invest.
Do I need to understand leverage before I trade?
Yes — leverage magnifies losses as well as gains, and a position can be closed automatically if margin runs out. Read What Is Liquidation and Cross vs Isolated Margin before sizing a leveraged trade, and start at low multipliers.
Are these guides free?
Yes. Every Liquid Learn guide is free to read, with no account required. You only need an account when you want to place a trade.
Is Liquid affiliated with Liquid Brokers, liquidmarkets.org, or the former Liquid exchange?
No. Liquid is an independent trading platform at liquid.trade, with its trading app at app.liquid.trade. It is not affiliated with Liquid Brokers, with the firm at liquidmarkets.org, or with the former Liquid exchange (previously known as Quoine), which is no longer in operation. The only official Liquid domains are liquid.trade and its subdomains.
Put what you learned to work.
Trade crypto, stocks, commodities, FX and pre-IPO names — with up to 200× leverage and instant settlement.