
Arconite
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Posted - 2008.11.04 12:04:00 -
[1]
Hi,
I tend to keep clear from posting on these forums as there usually someone who just troll's.
But for a change, I'll add my own advice to that which has already been given. Personally, I use a dedicated char for trade - that's all he does, sits in hub and trades.
You should have the following skills - these are just basic requirements really and by no means perfect but it's a start and will get you thinking about what's actually involved.
Accounting at least - L4 (ideally L5) (10% reduction of transaction tax per lvl) Broker Relations - L4 (5% reduction on market order costs) Day Trading - (remote orders but doesn't matter if your sat in trade hub but usefull nevertheless) Margin Trading - L5 (reduces ammounts required as escrow therefore alowing more spread orders) Marketing - usefull for remote selling Procurement - usefull remote buy orders Retail - higher the better as it allows for more orders (aditional 8 per lvl) Trade - L4 (raises sell orders at 4 per lvl)
That's just some tips to get going with 1mil SP's spent in trade.
Just remember that skills that reduce your marketing fees and skills that consume less isk in escrow are important. Trade can be a low proffit margin area and high volumes and reduced costs to you will in my opinion give you the edge over someone who is new to Trade.
As for what to buy and sell, well, you already know what to look for. I'm hardly going to shoot myself in the foot by blabbing what I buy and sell!! It's hard to make the margins good enough as it is without shouting about the most lucrative items to trade in. Study the most commonly used items and ships :) - look at trends, watch ccp dev blogs to see what's comming out next etc...
Spread your buy orders - the old "pile it high and sell it cheap" comes to mind! You will have to babysit your orders - same as other traders have to. But perhaps leave the most competative hubs alone because you'll be playing "chase the 0.1" all day long there!!
Quite often those new to trade will either give up or fail, because they attempt it with the quick win attitude. From my experience, it's staying power that matters and reducing your costs therefore maximising your return that matters.
As soon as you have enough ISK, get into contract buying and selling. There's some sweet deals there if you know what to look for. Much of EvE si exactly as someone else has said - proffiting from lazy people. There is afaik no quick win win to make ISK, it takes time and alot of effort and trading is no exception.
Always, always, always have a "float" of ISK for trade. Never have ISK sat in your wallet (other than to cover fast filling orders), always have it invested in buy orders. ISK sat in your wallet doing nothing is dead ISK.
I'm no expert trading mogul, I'm a noob trader myself, but I have done well out of it in the past; although I have to admit I find it much harder now because of "chase the 0.1" lol.
Well, I've given nothing much away and perhaps told you nothing that you didn't already know.
Arc
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