User:Jayk maejin/Lessons Learned By A Budding Trader: Difference between revisions

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 Browse the other posts on this forum and the various guides that are available on the web. There is a wealth of knowledge out there.
 My assumptions about you, the beloved reader:
-[color=#FF8000][list]-You have (or can create) an alt that you're willing to park in a market area, to which you are willing to devote ~1M SP of trade skill training.
+* You have (or can create) an alt that you're willing to park in a market area, to which you are willing to devote ~1M SP of trade skill training.
 * You have basic familiarity with the trade skills and what they do.
 * You can name 4 or more trade hub systems (and preferably can rank them in order of decreasing market activity).
 * You know how to place buy orders.
-* You know how to place sell orders.[/list][/color]
+* You know how to place sell orders.
 Go train until you have at least 20 market order slots (and at least ~10M isk to invest), then come back and we can get started.
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 =How To Buy=
-[color=#FF8000][b]You make your money on your buy orders, not on your sell orders.[/b][/color] Yes, I realize that sounds odd, but it's true. I find there is more room for cleverness in how you acquire your goods than in how you liquidate them. Most people engaging in market activity are far more likely to sell something at a stupidly low price than they are to buy something at a stupidly high price, so with your buy orders you can really capitalize on this.
+'''You make your money on your buy orders, not on your sell orders.''' Yes, I realize that sounds odd, but it's true. I find there is more room for cleverness in how you acquire your goods than in how you liquidate them. Most people engaging in market activity are far more likely to sell something at a stupidly low price than they are to buy something at a stupidly high price, so with your buy orders you can really capitalize on this.
 What type of trader do you want to be? Are you willing to move around a few jumps here and there to get some really excellent deals? Some prefer to engage only in station-trading, never leaving the confines of their comfy market hub. I find this approach too limiting, and recommend (especially early in your career) you be willing to travel a bit.
 Decide where you want to cast your net, and how wide you want it to be. You want your net to encompass as many mission hubs as possible and as few "junk/filler" systems as possible. Do not include pirate systems within your net unless you really know what you are doing (you can get some great prices, but the risk is quite high).