These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

EVE New Citizens Q&A

Forum Index

EVE Forums » EVE Communication Center » EVE New Citizens Q&A » Trading guide for newbies!

Topic is locked indefinitely.

Trading guide for newbies! First post
Author

Previous Topic Next Topic

University of Caille Gallente Federation 3
Emkayu Goffish University of Caille Gallente Federation Likes received: 3	#1 - 2011-10-23 11:13:58 UTC Hey guys, I recently played through a free trial as a trader only to find I was stopped by my inability to pilot an indy(industrial), so I decided to make a paid account and write about my ventures. I've written a quick article, could you guys tell me what you think? Also do you think a video would be more helpful? Link to article

Mr Chili Palmer

State War Academy

Caldari State

Likes received: 189

#2 - 2011-10-23 11:27:20 UTC

Am going to be blunt and say your how to start trading post is not really rocket science, its clean and tidy however i was expecting maybe some inside information, or loopholes to exploit.
maybe an idea to list profitable trade routes for beginers. I am coming upto the end of my trial period aswell and will subscribe to the game, at the moment i have made my cash from the agent/beginer tutorials.
i do however thing there is alot of potential in your idea and will follow your ventures.

"If at first you don't succeed, remove all evidence you ever tried"

"If your boss is getting you down, look at him through the prongs of a fork and imagine him in jail"

Emkayu Goffish

University of Caille

Gallente Federation

Likes received: 3

#3 - 2011-10-23 11:35:34 UTC

Mr Chili Palmer wrote:

Fair enough, I see where you are coming from, I haven't seen any loopholes yet, I will however make a few video guides on stuff that isn't explained in game like station trading and speculating. However these take time and since I've only just started, I'm just building up revenue at the moment to start up an investment. I need to et around 100mil, which I should be able to get by the end of the week through mining and NPC missions.

CCP Phantom

C C P

C C P Alliance

Likes received: 7,905

#4 - 2011-10-23 12:05:24 UTC | Edited by: CCP Phantom

Hello Emkayu Goffish,

That is already looking interesting, keep up the good work!

What I have found during my trading days was that it is quite a long lasting and interesting activity. At every step new challenges will occur. And the most interesting thing here? All these new challenges are not artificially created by some "theme park" missions, but emerge themselves out the interaction inside the vast EVE population. That and the constant competition of other players makes trading such a good thing in EVE.

And then you have the really big folks who are constantly manipulating the markets...

CCP Phantom - Senior Community Developer

Paukinra

Corporation Organising Corodinated Killing

Likes received: 30

#5 - 2011-10-23 12:09:44 UTC

Good to see some fresh blood and some new competition.

Im not the best traders out there but Ive done a fair bit in my time, so here is my honest opinion.

'relatively risk free' is a debatable statment, trading can be extremely risky if oyu dont know what you are doing and there are alot of scammer out there.

Your post of 30ish% profit, very true you did make that amount but that is a rare case (unless somebody isv trying to scam you) not saying it doesnt happen but it isnt common. In general I make 1-2% on my items (low value, like modules and drones).

That however, is when you are playing with billions of isk at a time. At lower amount of isk you will find higher % profit beacuse the big players wont bother, yes they may get 50% of 100k but they make more by getting 1% of a billion. This is where you find your market as a small time trader.

Also, no mention of major trade hubs? Jitas, Amarr, Dodoxie (or however you spell it :p) these places arnt imediatly obvious to a new player but they are where alot of trading happens, with billion of isk trading every day, these are places at first you want to avoid beacuse you will make no isk but will find lower sell orders so you can buy here and ship to other regions

Also suggest setting up sell orders after shipping your stuff, can make some good isk like that also

Some good work there, welcome to EVE

Pauk

Emkayu Goffish

University of Caille

Gallente Federation

Likes received: 3

#6 - 2011-10-23 12:21:45 UTC

Thanks everyone for the feedback! From what I gather, there's a lot more to the EVE markets than even a first glance at the intricate system, So I think I'll try doing a bit more research, maybe some interviews with high end traders, I've heard there are investment firms in EVE, I'd really like to learn more about that. Does anyone know who I can contact to conduct some interviews?

Also I've yet to visit the trading hubs as I've only been playing for a few hours so far, I guess the security of the University of Caille is too warm to let go of just yet. Hopefully I'll do well and better yet document my journey to a state where I'm trading in Billions of cash and Assets. Thanks again guys, anything new I find and write about that I think will help new players I will post, again I'll constantly be asking for feedback so any help is appreciated!

DeMichael Crimson

Republic University

Minmatar Republic

Likes received: 63,182

#7 - 2011-10-23 12:22:48 UTC

Always good to have another guide made for Eve players.

Looks like a good start, seems user friendly for beginners.

Definitely needs some more basic info such as skills, ship, destination routes, etc. Also cargo capacity vs items vs ISK gained.

I'm sure you'll be adding more soon enough but remember to keep it simple. Adding a couple of short videos covering the basics will always help too, especially when working with the map and market screens.

Evelopedia has a Trading guide, I think it's a bit too technical though for a beginner.

http://wiki.eveonline.com/en/wiki/Trading_%28Profession%29

Good luck and much success to you.

'The Plan' | California Eve Players | Proposal - The Endless Battle

Emkayu Goffish

University of Caille

Gallente Federation

Likes received: 3

#8 - 2011-10-23 12:30:26 UTC | Edited by: Emkayu Goffish

DeMichael Crimson wrote:

I actually learnt a fair amount of information from there, but I agree in that there are many terms that are too technical for beginners, Videos are a definate, already set up the youtube channel and bought FRAPS, I'll have a gander at explaining the market screen and how bid/ask system works in EVE.

I've only just started trading myself so once I figure out a decent plan for myself, I'll report back on the thought process behind my skill selection. I think a diagram or illustration would help the Capacity vs items vs ISK gained would really help too

Keno Skir

Likes received: 1,727

#9 - 2011-10-23 12:48:57 UTC

Grammar needs sorting out a bit on your guide :) Full stops are your friend, try to use less commas and try not to write how you talk :)

I was a dedicated trader when i first started EvE and if you contact me in-game i'll be happy to chat and impart any info i can. I have much experience in lowsec trade runs and gate camp avoidance and made roughly 1.7Billion isk in my first 8 weeks of EvE.

Also i run several courier contracts in low and highsec, if anyones interested in courier work send me an EvE mail.

Black Lanterns Blog <- Read my ramblings -.-

250,000 Bonus SP when you start an Alpha Clone HERE <---

C C P C C P Alliance 1,898
CCP Spitfire C C P C C P Alliance Likes received: 1,898	#10 - 2011-10-23 13:03:39 UTC 1 Thumbs up! On a personal note I'd like to add that the EVE market is huge, and there is a lot of opportunities for a smart and diligent trader. I don't trade a lot these days but I remember very well how much fun it was to hunt for profits (and sometimes find them in completely unexpected commodities). CCP Spitfire \| Marketing & Sales Team @ccp_spitfire

109
Kesshisan Likes received: 109	#11 - 2011-10-23 20:41:42 UTC Be sure you are aware of the (legitimate) margin trading scam before attempting this type of trading.