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Trading Advice?

First post
Author
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Reliable Ruby
Theft and Taxes
#1 - 2014-05-26 02:08:02 UTC
Hey, I'm new to this and I was wondering if anyone could help me, what are some good things to start off with when doing trading?
I've been carting stuff around from some stations and making a little bit of money from that but I was looking for a bit more.
I was also wondering what the Market Trading Scam is.
Far Wanderer
ACGM Acquisitions
#2 - 2014-05-26 03:30:51 UTC
Advice: buy low, sell high.

And since you like to travel, this trade finder might be of help.

The scam: not "Market Trading" but "Margin Trading".

A handy link about scams HERE.

Lastly, no need to thank me. Once you're rich and PLEXing to your heart's content, swing by my bank thread and make a deposit.

We ought to have more account slots open by then, of the savings variety.

Good luck.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Thur Barbek
Republic University
Minmatar Republic
#3 - 2014-05-26 08:47:51 UTC
Far Wanderer wrote:
Advice: buy low, sell high.


Man, your giving away all the secrets. Your gona ruin it for the rest of us.
Sabriz Adoudel
Move along there is nothing here
#4 - 2014-05-26 09:55:22 UTC
Learn where some category of items are produced and where they are in demand.

A tip to get you started (that is OK but nothing special): Faint Epsilon Warp Scrambler I is mostly "produced" by mission runners and "consumed" by PVPers. The former play all week, the latter mostly on weekends. In addition, the former acquire these items in all sorts of places, the latter mostly want to buy them at trade hubs.

I support the New Order and CODE. alliance. www.minerbumping.com
Nedly Stark
ARAZ Engineering
#5 - 2014-05-26 10:35:58 UTC
Reliable Ruby wrote:
Hey, I'm new to this and I was wondering if anyone could help me, what are some good things to start off with when doing trading?
I've been carting stuff around from some stations and making a little bit of money from that but I was looking for a bit more.
I was also wondering what the Market Trading Scam is.


Heres some advice: DONT put isk into "banks", "funds" or "stocks".
ISD Decoy
ISD Community Communications Liaisons
ISD Alliance
#6 - 2014-05-26 11:11:32 UTC
Reliable Ruby:

EVE University has a fantastic section on trading. Please check it out and it should answer most of your questions.

Good luck!

ISD Decoy

Captain

Community Communication Liaisons (CCLs)

Interstellar Services Department
voetius
Grundrisse
#7 - 2014-05-26 11:13:24 UTC

Buy low and sell high is good to start with. Once you understand the market you can switch to buy high and sell low.

Research items like Sabriz says, understand where everything comes from and who buys it.

Keep away from all "banks".

Understand how all the different scams work, see above.

Read all the stickies here, all the relevant entries in the Evelopedia, find the market / trading blogs, find a few websites that you find useful.

Trade stuff you like trading.