Market Discussions

You need to look a bit closer and see that its buy low sell high.

And there isnt much to get your head round.

System X has product Y for one price
System Z needs product Y for another price.

If you buy low and sell high = profit

Example
Someone is selling say void small in jita at 100 per unit
In Dodixie someone wants to buy void small at 150 per unit.

Buy in jita sell in dod.

Or look for a gap in the market

Oh damn no 200mm autocannon 2s in heimatar.

Find them at a decent price and set a sell order at a profit and count on others lazyness.




Thats about it. Oh and these were examples just. And prices on the ammo were picked out my head.

One thing to remember in trading is calculate profit minus tax minus effort. 20 jumps to pick something up that cost 50 mil and taking it back 20 jumps to sell it for 52 million is not worth it. If you were taking large amounts then it may be worth while.

Hope that makes sense its 2am and im half asleep.

Xyl

Have seen the buy high sell low here on the forums as well, and its semi-correct. If you use buy orders, you will need to have the highest buyorder to get the item when a player sells to a buyorder. When you sell your items through a sell order, you want to pick the lowest price, because player wants their stuff cheap. This is usually reffered to the 0.01 isk war. Traders modify their orders to be the highest/lowest but only 0.01 isk over/under the closest competitor to make as much profit as possible.

But you still buy at a lower price than you sell for. Therefore the phrase buy low sell high makes more sense, and is the mantra you should have when trading.


I In the long run, I would recommend using buy and sellorders yourself, that way you can get wares lower than the price on most sell-orders (but requires that somebody actually sells you the item, so you dont know when the item will actually show up). And selling items with sell-orders instead of selling them to buy orders yourself will usually generate more money. Again the downside is, you dont know when somebody will actually buy your stuff, but the profit is usually higher. But it also requires you to check and modify your orders to be the best on the market. The more sellers / buyers, the more often somebody else will undercut you. If there are to many sellers / buyers, just stay away from that goods until you think you have the time to babysit your orders.

apologies. Error in post.