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Posted - 2010.09.06 12:54:00 -
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Originally by: Reefan As the title states, i am a budding trader looking for advice too enter your complex world of buy and sell orders. I am not asking for your secrets, your routes or information on your own personal market, i wish to make my own. But, i haven't the faintest idea where to begin, sadly. I have a semi-large capital i am willing to invest into this endeavor of mine, and i would hope the intelligence aswell.
Now, if only i could receive the guidance; bestow upon me your wisdom, mighty warriors of the market, so i too may learn.
Well if you could tell us what is your starting capital then we could have a better idea of your starting point.
Anyway, if you have more than 100 million to invest into trade then you can have a very good start, provided you know what you will be doing. It will take you about a month or so or more to reach into billions starting with that amount. The more you can invest the more your return will be.
However, since you are new I don't recommend starting with too much cash. Get yourself accustomed to trading before going into billions.
Now the important part, if you want to be successful you will have to commit to trading, to doing good and bad moves. Commitment means that you should have about 2 million skillpoints or more into trade to start to be effective. Having less will only cut into your potential profits. But in case you don't have that, then until you reach that amount of SP test the market, find hubs that suit you, etc. It will take you 1-2 month to reach that SP amount.
So once you decide you want to do trading, think about how you want to do trade. Do you have a lot of EvE time available? Do you want to babysit orders or leave them there and return one week later? The way you trade must fit you game style, eve time and patience. You can station trade or trade the regular way: buy cheap here, sell high there.
Station trade is nice, but be careful when you choose the station you'll trade in. If in Jita, then prepare for PVP Trade. That requires constant babysitting. Chose a station that does not require that much effort for starters, it will just make you abandon trading if you start in Jita. lol
Honestly I say go the regular way, buy cheap, sell high. Its very easy to invest 20 mil and make 40 mil the next day IF you know what you do. However, markets always change, that can be bad, but also very nice for profits.
Ultimately, the only thing you need to know is buy cheap (buy orders) sell high (sell orders). This is all you need to do to be successful, provided that you will commit to it.
I'm curios what are your plans, if you can answer some of my question found here I might get a better picture of where you should start. Mind you, and other readers, that this is my experience, some people might have had different experiences, so don't take everything for granted.
Cheers
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