Market Type - Augur currently supports three different kinds of markets which determine the potential answers to your Market Question: Yes/No - The simplest option, and the best to start with if you are new. The only answers to your market question are “Yes” and “No” (or Invalid, but that is not a tradeable outcome in version 1 of the Augur smart contracts). Selecting this option means you need to phrase your Market Question such that the answer is yes or no. Presently, the Augur UI only shows the order book for the “Yes” option, which helps consolidate liquidity and keeps things simpler in the UI which is another benefit to beginners. Multiple Choice / Categorical - You get to pick from 2 to 8 possible answers, and there will be a separate order book for each. If you create this type of market, be careful to consider full coverage of all the different possibilities the answer to your market question could end up being. A simple trick is to include one of your options as “Other”. Numerical Range / Scalar - These are more complex and will not be covered by this guide in detail. Avoid these until you are much more comfortable with Augur and have used it extensively. You will be provided with a few extra parameters: A min and max value (the bounds of the range), a denomination (dollars, degrees Celsius, etc.), and the precision.