Trading: Difference between revisions

Line 71:

--> These three skills are the "holy trinity" of remote trading. As long as you don't have a trading alt sitting in a station where you do your trading these skills are essential to be able to trade efficiently without having actually to move to a station.

* Retail: increases your total of possible orders by 8 per level

* Trade: increases your total of possible orders by 4 per level

* Broker relations: reduce taxes by 5% of the current tax rate per level

* Accounting: reduces transaction costs by 10% per level

* Retail: ~~increases your~~ total of ~~possible~~ orders ~~by 8 per level~~

* Trade: ~~increases your total of possible orders by 4 per level~~

--> Whenever you set up a buy or sell order, you will have to pay the broker fee: 1% of the total order (0.75% at max skills). Whenever each unit gets sold, you will pay 1% of the sell price as sales tax (0.5%) at max skills. So the typical station trader with zero standings will pay 3% of the order price as taxes, 2% at max skills. This is important to take into account when calculating your profit.

====Standings====

[[Faction standings|Faction]] and [[corporation standings]] relevant to the station the orders are placed in, will have an effect on the broker fee. Faction standings contribute significantly more than corp standings. The exact formula is:

: ''BrokerFee % = (1.000 % – 0.050 % × BrokerRelationsSkillLevel) / e ^ (0.1000 × FactionStanding + 0.04000 × CorporationStanding)''

As you can see, with 10 faction and corp standing, the broker fee is reduced to 0.185%, saving you more than 1% through the buy and sell process.

@@ Line 71: / Line 71: @@
 --> These three skills are the "holy trinity" of remote trading. As long as you don't have a trading alt sitting in a station where you do your trading these skills are essential to be able to trade efficiently without having  actually to move to a station.
+* Retail: increases your total of possible orders by 8 per level
+* Trade: increases your total of possible orders by 4 per level
 * Broker relations: reduce taxes by 5% of the current tax rate per level
 * Accounting: reduces transaction costs by 10% per level
-* Retail: increases your total of possible orders by 8 per level
-* Trade: increases your total of possible orders by 4 per level
+--> Whenever you set up a buy or sell order, you will have to pay the broker fee: 1% of the total order (0.75% at max skills).  Whenever each unit gets sold, you will pay 1% of the sell price as sales tax (0.5%) at max skills.  So the typical station trader with zero standings will pay 3% of the order price as taxes, 2% at max skills.  This is important to take into account when calculating your profit.
+====Standings====
+[[Faction standings|Faction]] and [[corporation standings]] relevant to the station the orders are placed in, will have an effect on the broker fee.  Faction standings contribute significantly more than corp standings.  The exact formula is:
+: ''BrokerFee % = (1.000 % – 0.050 % × BrokerRelationsSkillLevel) / e ^ (0.1000 × FactionStanding + 0.04000 × CorporationStanding)''
+As you can see, with 10 faction and corp standing, the broker fee is reduced to 0.185%, saving you more than 1% through the buy and sell process.