EVE General Discussion

anyone think of a decent reason to keep the margin trading skill?

And your an fkin idiot...

Tal

You don't seems to understand I think. Yes I do know now that this is a Margin Scam, but the Margin scam uses the help of the Margin Skill to perform such scam. However, no true buyer would bother training that skill unless they want to false a buy order. Thus the Margin Skills should be know as Scam Skill instead. My point is that when CCP introduce this skill, they promote or assist scammer a new line of scamming. So they are responsible just like how I explain the robber and the police story, unless you didn't care to read it and just busy posting your insults.

Also, an is used prior to a work beginning with a vowel, not a constantant.
And you're still fired.

...EVERY single person commenting here knows exactly what happened here, except you. I suspect the reason nobody has explained it to you is because there's a thread like this every other week and they are tired of ctrl+c ctrl+v the answer for the zillionth time.

Actually... maybe it's my turn. There is a skill called "Margin Trading" that allows you to put up buy orders in excess of what you actually have in your wallet. For people who have Tycoon 5 this is useful, because it can take months for an order to fill, and in the meantime you have all this isk doing nothing tied up in your orders. So if I have 305 orders out on one account and I'm buying large volumes of some material on the market in a dozen regions, I may only want 1/4 of what I have orders for, but I get a better price by pushing out the orders to more places, which allows me to get the volume I need faster. I am actually using the margin skill to buy stuff right now, because the volume is low all over new eden but I need a lot... so I can put large orders in on different regional markets to try and 1) get a better price and 2) fill the volume I require more quickly. I'm using it as it was intended to be used, and it's allowed me to move like a big trader despite the fact that I'm a little trader.

Some people use the Margin Skill in another way. They put in a minimum buy order of lets say 200,000 of something for 10x it's value on one character, and empty their wallet into another account. They use the other account to sell 200,000 of that same item for 5x its usual price. Then a chump comes along (in this case, you) and sees the disparity on the market. Thinking they will double their money in a minute, they buy the 200,000 units of that item and ignore the warning that it's 5x the going rate for that item, thinking they will just flip it. However, when they go to sell it the buy order disappears, because the account that put in that buy order doesn't have the ISK to pay you, so the order disappears and you just gave the scammer 4x his initial investment.

tl;dr; google harder. This scam happens every day.