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Zelda Wei
New Horizon Trade Exchange
207
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Posted - 2013.02.09 01:12:00 -
[31] - Quote
Only an idiot would fail to spot that these are scams
http://eve-central.com/home/quicklook.html?typeid=8263#buys
http://eve-central.com/home/quicklook.html?typeid=8335#buys
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Sola Mercury
Republic Military School Minmatar Republic
44
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Posted - 2013.02.09 19:09:00 -
[32] - Quote
Somnorific wrote:well a month later and i definitely have my head around these scams. very easy to spot now. I still contend there should be a notifier if buyer does not have the isk to cover the purchase price in his wallet- particularly on single item purchases. The item immediately comes out of my inventory and is placed on sale and taxes and fees are lost by the seller. Doesnt seem entirely fair.
Cheers
If you dont want to place a new sell order, just use simple sell. Not advanced sell. It will save you money, you dont need to pay brooker fees.
Simple sell is: You sell to the best buy order. If the quantity of items to be sold is larger than the amount listed in the buy order, buy order is filled, the rest stays in your hangar.
Advanced sell is: You place a new sell order on market. If one or multiple existing buy orders are met, these orders are partially or fully filled. if some of your items cant be sold at this moment, the new order stays on market, else the order is filled and disappears imediately. Note, that placing an order costs brooker fees.
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Somnorific
The Evocati
6
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Posted - 2013.02.11 17:10:00 -
[33] - Quote
to be fair, this was not the point i was trying to convey. it was a single item officer mod where the buy order had only 24% of the money in his account or however the scam works. tried selling for 500m and it does not go through as listed. instead it gets placed on auction(before which i just bought the item from same scammer for 400m) its a broken and abused mechanic.
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Missette
Federal Navy Academy Gallente Federation
10
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Posted - 2013.02.11 17:32:00 -
[34] - Quote
Zelda Wei wrote:Missette wrote:there is currently no way to spot the margin trading scam. the only tip off is that it is too good to be true. Ignorant Bullshit, they are typically blatantly obvious. If you cannot spot them that is YOUR failing.
Oh Great and Wise Zelda Wei, please enlighten we ignorant masses to your method for spotting the blatantly obvious scam.....
My response was aimed at someone new to the game. There is no 'mechanical' way to spot margin trading scam. If someone thinks they can buy from a sell order, then turn around and sell to a buy order for a profit they are generally going to get scammed (to good to be true). It is possible to buy from a sell order, then put up your own sell order and make profit, but that is a different game.
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Gizznitt Malikite
Agony Unleashed Agony Empire
1792
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Posted - 2013.02.11 19:57:00 -
[35] - Quote
1.) Margin Trade Scams are easily identifiable 95+% of the time....
How to trade without being Margin Trade Scammed:
Step 1.) Search for an Item to buy and resell for profit.
Step 2.) Understand the value of the product before you buy it: Know what the item is used for, and who would use it.... If you don't know this, you probably shouldn't be trading it. Review the Market history of an item... You can pull up this data right at the market screen, and view up to an entire YEAR worth of data in graph or table format.... It provides a decent indication of the items price history, and it tells you how quickly the item moves... Always Remember: BUY ORDERS are NOT GUARANTEED.... If you determine the worth of your item, especially if it is a slow-moving rare item, off a few buy orders you will lose money... and you deserve it too!! Setp 3.) Decide if you want to accept the risk in buying/reselling the item: Buying an item to resell for profit ALWAYS incurs some risk on your part.... Someone might beat you to the sell, the sell might not go through because of the purchaser doesn't have enough isk, so you need to understand that you may not be able to instantly offload the item. And if you can't, the price could drop (or rise) quite rapidly depending on what's happening in game! A volatile item: something that has major price swings is risky.... ALWAYS.... although it's also potentially profitable... A stagnant item: something that moves very slow is risky.... ALWAYS.... because if it takes a long time to sell, your isk will be tied up and not earning you profit.... Step 4.) When you understand the value, and accept the risk... then go buy the item and attempt to resell it for profit... not before!
Why does this avoid being margin trade scammed? Because you wont go around buying overpriced items you hope to resell for profit (unless your a moron). Additionally, you will conscientiously accept the risk of loss whenever you purchase an item to resell, and hence wont be scammed.... you'll just be unlucky and/or a moron.... |
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