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Meryl SinGarda
Caldari
Belligerent Underpayed Tactical Team
Posted - 2011.06.25 19:14:00 - [1]
 

Edited by: Meryl SinGarda on 25/06/2011 19:15:02
Hey guys (hoping the protests and everything else are only in GD *crosses fingers*)

I've been playing for quite a while and I own multiple accounts, so this is just one of my characters...

But I was wondering what it takes to get into trading? I created an alt and flew it to Jita just for this purpose. Did a small amount of reading so far and apparently I'd want to give that character a small bit of a deposit in order to start buying and reselling.

My question, though, is how do I accurately watch market trends? How do I know what to buy and when to buy it? Are there websites that can help me track this information? Or maybe even Android apps? (wishful thinking, that'd be cool to watch market trends on my phone at work :P)

Do I need to construct a spreadsheet detailing the most popular trades and their trends in prices?

It all seems a bit overwhelming but what I'm trying to do is maximize the amount of ISK I make in all avenues of the game.

Thanks for reading and responding!

Khanid Voltar
Night's Dawn Investment Fund
Posted - 2011.06.25 19:19:00 - [2]
 

While I don't wish to sound a troll, the key thing you need to do is research.

And when there is an almost identical thread only a few posts below this one(and multiple others within the next few pages), the implication is that you don't want to do research, you just want information handed to you on a plate.




Meryl SinGarda
Caldari
Belligerent Underpayed Tactical Team
Posted - 2011.06.25 19:29:00 - [3]
 

Edited by: Meryl SinGarda on 25/06/2011 19:33:01
Okay, well I've visited this thread: http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1535884 and while it explains some things, I'm still not entirely sure I understand the concept.

The one guy mentions opening 100+ orders... It is my understanding that, in order to do that, I'd need to train... Industry?

Gah, maybe I'll just trial and error this.

And another thing, I notice a few people are saying "buy high, sell low." Am I wrong in assuming that this is an attempt at tricking/confusing newer traders to lessen the amount of competition and maximize profits for other people?

Meryl SinGarda
Caldari
Belligerent Underpayed Tactical Team
Posted - 2011.06.25 19:39:00 - [4]
 

You know what, maybe I was a bit hasty in creating this thread. For that, I apologize. But, for anyone else looking for help, I think I just found a really good guide http://www.honsoueve.com/trading/station-trading/

Dealth Striker
Caldari
Striker Ltd
Posted - 2011.06.25 19:48:00 - [5]
 

For those that first start trading, be prepared to lose some isk while you learn the ropes.
For me it was just playing around with goods. I looked at certain ones and watched how they were bought and sold in one region. After learning what seemed to be the high and low prices, I went to other regions and compared what I had learned.
From there it grew to other things and I decided to switch my skill training to be more in line with what I was trying to do with the market.
I spent alot of time reading and flying from region to region.

People can tell what to do, but I found learning it by trial and error was a great benefit. I was able to "apply" my gained knowledge to make a few really big scores and that led to other areas of opportunities.

Good luck.


 

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