Trading: Difference between revisions

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''Example with fully trained Broker/Accounting skills:''

On Day 1, you enter buy orders totalling 300M ISK. The broker's fee for those orders = (300,000,000 x .75%) or 2.25M ISK. On Day 2, you have turned around and sold those goods for a total of 360,000,000. The accounting fee for those transactions = (360,000,000 x .5%) or 1.8M ISK. Of your 60M in gross profit, your net is 55.95M. On that day's trades, you have put another 500,000 ISK in your pocket for doing no additional work, all because you took the hit and trained both skills to 5. Accordingly, your total transaction costs now total 6.75% of your profits - '''an 11% increase in profitability''!

On Day 1, you enter buy orders totalling 300M ISK. The broker's fee for those orders = (300,000,000 x .75%) or 2.25M ISK. On Day 2, you have turned around and sold those goods for a total of 360,000,000. The accounting fee for those transactions = (360,000,000 x .5%) or 1.8M ISK. Of your 60M in gross profit, your net is 55.95M. On that day's trades, you have put another 500,000 ISK in your pocket for doing no additional work, all because you took the hit and trained both skills to 5. Accordingly, your total transaction costs now total 6.75% of your profits - ''an 11% increase in profitability''!

As you can imagine, pulling an extra 500K in ISK a day out of your trades will add up to substantial sums over time - it's like getting an extra Rifter as a bonus! As your trade volume grows, these skills become increasingly critical and the extra ISK gets into the tens of millions per month.

@@ Line 79: / Line 79: @@
 ''Example with fully trained Broker/Accounting skills:''
-On Day 1, you enter buy orders totalling 300M ISK.  The broker's fee for those orders = (300,000,000 x .75%) or 2.25M ISK.  On Day 2, you have turned around and sold those goods for a total of 360,000,000.  The accounting fee for those transactions = (360,000,000 x .5%) or 1.8M ISK.  Of your 60M in gross profit, your net is 55.95M.  On that day's trades, you have put another 500,000 ISK in your pocket for doing no additional work, all because you took the hit and trained both skills to 5.  Accordingly, your total transaction costs now total 6.75% of your profits - '''an 11% increase in profitability''!
+On Day 1, you enter buy orders totalling 300M ISK.  The broker's fee for those orders = (300,000,000 x .75%) or 2.25M ISK.  On Day 2, you have turned around and sold those goods for a total of 360,000,000.  The accounting fee for those transactions = (360,000,000 x .5%) or 1.8M ISK.  Of your 60M in gross profit, your net is 55.95M.  On that day's trades, you have put another 500,000 ISK in your pocket for doing no additional work, all because you took the hit and trained both skills to 5.  Accordingly, your total transaction costs now total 6.75% of your profits - ''an 11% increase in profitability''!
 As you can imagine, pulling an extra 500K in ISK a day out of your trades will add up to substantial sums over time - it's like getting an extra Rifter as a bonus!  As your trade volume grows, these skills become increasingly critical and the extra ISK gets into the tens of millions per month.