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SuperTight5
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Posted - 2009.12.05 18:57:00 -
[1]
Is there any real life equivalent to eve market? I find eve market is unique because in real life you cannot simply buy low and sell high, am I wrong?
For example, on ebay you can make tiny profit, but shipping and other costs just consume it.
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Naya Sky
Serra Industries
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Posted - 2009.12.05 19:01:00 -
[2]
Originally by: SuperTight5 in real life you cannot simply buy low and sell high, am I wrong?
Every shop is buying low from producers and selling high to customers.
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Private Bank
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Posted - 2009.12.05 19:02:00 -
[3]
buy low and sell high? thats what all stores do mate... -.-
but yea eve market works like the real market, ex. when there is a huge war. (IT vs Goonswarm, SOT, PL). minerals prices will increase. (let it kickoff first, and hopefully we should see it happen).
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SetrakDark
Caldari DarkCorp Technology and Finance
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Posted - 2009.12.05 19:07:00 -
[4]
Originally by: Naya Sky Every shop is buying low from producers and selling high to customers.
Ya, I think retail is the closest equivalent. There are definitely other forms of added-value in retail, but a lot of it comes from doling out the item in small quantities, just like station traders.
However, buying in small quantities for small quantity resale like station traders do...I'll have to think about that.
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Davramm
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Posted - 2009.12.05 20:35:00 -
[5]
I find the import export business to be the most similar to the eve market.
New Eden Trading |
Akita T
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.12.05 20:43:00 -
[6]
Commodities market, stock market...
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We are recruiting | Beginer's ISK making guide | Manufacturer's helper |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.12.05 20:44:00 -
[7]
Stock markets is the best comparison.
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SetrakDark
Caldari DarkCorp Technology and Finance
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Posted - 2009.12.05 20:49:00 -
[8]
Edited by: SetrakDark on 05/12/2009 20:50:54
Originally by: LaVista Vista Stock markets is the best comparison.
That was my 1st thought, but I think it's wrong. A stock market is all about speculation, whereas the majority of eve trading, in my opinion, is distribution.
I think the exchange mechanics are most similar to a stock market, but as an economic system I think it's retail.
Edit: I guess it depends on how you read the question.
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Davramm
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Posted - 2009.12.05 21:47:00 -
[9]
The reason why i use the example of the import export business, is you have a supply price, and demand price, and transaction fees. all you do is find a supplier, find a market, apply your fees (in eve its the broker and tax, in real life its also the shipping costs) but the basic structure is the same, both are 99% risk free and make profits at a reliable rate.
New Eden Trading |
destinationunreachable
Hello Kitty Fanclub
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Posted - 2009.12.05 22:43:00 -
[10]
Originally by: SetrakDark Edited by: SetrakDark on 05/12/2009 20:50:54
Originally by: LaVista Vista Stock markets is the best comparison.
That was my 1st thought, but I think it's wrong. A stock market is all about speculation, whereas the majority of eve trading, in my opinion, is distribution.
No, in today's trading, especially in algo trading, this is beeing done: set up buy order and (short) sell order for the same product. The margins are *much* smaller, but it's about quantity and not keeping any positions longer than a day.
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SetrakDark
Caldari DarkCorp Technology and Finance
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Posted - 2009.12.05 22:56:00 -
[11]
Originally by: destinationunreachable No, in today's trading, especially in algo trading, this is beeing done: set up buy order and (short) sell order for the same product. The margins are *much* smaller, but it's about quantity and not keeping any positions longer than a day.
You're right. Shows how up to date with the equity market I am...
Thanks.
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Lord Zarcam
Amarr Royal Amarr Institute
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Posted - 2009.12.06 15:58:00 -
[12]
As a small business owner in real life, I have taken a lot of the experiences I've had and applied them in-game. Is it the same? Not even close, but the basic principles still apply.
I consider myself a lazy trader, only station trading with low volume, higher margin items and may go a full week to 2 weeks between log-ins due to work. But in little over a year I turned a 300K initial investment into a Billion ISK a week business (sometimes more, sometimes less), depending on how agressive I want to be in pricing.
For beginer traders, my best advice it to think "Turnover"! How fast can you turn your inventory over? Lower inventory and fast replacements. And invest all profits into more inventory. And look for additional items, not larger volume of same items.
In Space, No One Can Hear You Scream! |
Hippopotamus Rex
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Posted - 2009.12.06 22:30:00 -
[13]
Flea market
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Psilocybe Semilanceata
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Posted - 2009.12.07 11:10:00 -
[14]
Edited by: Psilocybe Semilanceata on 07/12/2009 11:10:32 http://simulator.investopedia.com
This will give you a pretty good idea of how stock markets work. Its the real market, but unfortunately the $100,000 they give you is fake. It gives a good insight to trading, and you can implement techniques learnt in the Eve market.
Edit: Check it out, me and the dude above me look like twins.
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Claire Voyant
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Posted - 2009.12.07 14:29:00 -
[15]
You have to remember that there are different ways to trade in the stock market. The closest thing to what you describe would be a "market maker". These are traders who would set the buy and sell prices and make their money on the spread. They serve the purpose of making sure that there is always a buyer or seller for "market orders" (i.e. immediate trades to buy or sell at the market price.)
They have much lower transaction costs than we have in eve so the spread is much smaller.
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Hydroblunt
Gallente Puff Monkeys Inc
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Posted - 2009.12.07 17:22:00 -
[16]
Originally by: LaVista Vista Stock markets is the best comparison.
No, they are not and not even close.
Items in EvE have REAL use. Stocks are just paper which get passed around. Most of the market in EvE runs on producers and end users. Most of the stock market is just speculation.
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