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public:dojo:wiki:station_trading_complete_guide [2015/08/16 12:25] LSky NLX created |
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======Station Trading: Complete Guide====== | ======Station Trading: Complete Guide====== | ||
+ | |||
+ | <alert type=" | ||
+ | ;#; | ||
+ | **This page is a work in progress.**\\ Please contact the **active** author before you make any significant changes. | ||
+ | ;#; | ||
+ | </ | ||
=====What is Station Trading? | =====What is Station Trading? | ||
- | Station Trading is the process of buying low and selling high, within one specific station. Generally this station will be a [[https:// | + | Station Trading is the process of buying low and selling high, within one specific station. Generally this station will be a Trade Hub((Trade hubs on EVE-wiki - https:// |
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=====Skill training===== | =====Skill training===== | ||
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
There are several skills which allow you to become better at station trading, in turn making your time spent more profitable. However, you can begin station trading from the very start already. Any new character with the Trade skill can start, but training more advanced skills allow you to set up more orders, reduces your broker fees and transaction taxes and invest your ISK more efficiently. All of these are directly or indirectly aimed at increasing your profit. | There are several skills which allow you to become better at station trading, in turn making your time spent more profitable. However, you can begin station trading from the very start already. Any new character with the Trade skill can start, but training more advanced skills allow you to set up more orders, reduces your broker fees and transaction taxes and invest your ISK more efficiently. All of these are directly or indirectly aimed at increasing your profit. | ||
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^ Skill ^ Effect ^Requirements | ^ Skill ^ Effect ^Requirements | ||
| Accounting | | Accounting | ||
- | | Broker Relations | + | | Broker Relations |
====Margin trading==== | ====Margin trading==== | ||
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Margin trading is also used for scamming, by luring people into buying an overpriced item by having an even higher buy order set up, that will fail upon being fulfilled. | Margin trading is also used for scamming, by luring people into buying an overpriced item by having an even higher buy order set up, that will fail upon being fulfilled. | ||
+ | ====Increasing standings==== | ||
+ | |||
+ | ^ Skill ^ Effect ^Requirements | ||
+ | | Social | ||
+ | | Connections | ||
+ | |||
====Optional skills==== | ====Optional skills==== | ||
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======Market Window====== | ======Market Window====== | ||
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
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=====Price development===== | =====Price development===== | ||
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When choosing items that have a lower trade volume, historical price development starts becoming something that you need to take into account. You have to verify that the current price is not too inflated. This can be done most easily by checking the price history graph, and having a look at the price developments over the last 7 days to a month, depending on trade volume. What you want to avoid is setting up a buy order for an item when the price is at its peak. This could result in you being stuck with an item that might have had a good margin at the time, but you can't sell if the price drops dramatically. | When choosing items that have a lower trade volume, historical price development starts becoming something that you need to take into account. You have to verify that the current price is not too inflated. This can be done most easily by checking the price history graph, and having a look at the price developments over the last 7 days to a month, depending on trade volume. What you want to avoid is setting up a buy order for an item when the price is at its peak. This could result in you being stuck with an item that might have had a good margin at the time, but you can't sell if the price drops dramatically. | ||
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====Corelum B-Type Medium Armor Repairer==== | ====Corelum B-Type Medium Armor Repairer==== | ||
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- | [{{ http://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
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====' | ====' | ||
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- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
Let's look at the ' | Let's look at the ' | ||
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====Missile Guidance Enhancer II==== | ====Missile Guidance Enhancer II==== | ||
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Let's look at the Missile Guidance Enhancer II as an example and go by the previously listed criteria. At the writing of this guide, this was the market information as available in game. It will have been outdated by the time you read this. | Let's look at the Missile Guidance Enhancer II as an example and go by the previously listed criteria. At the writing of this guide, this was the market information as available in game. It will have been outdated by the time you read this. | ||
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* **Trade balance** **<fc # | * **Trade balance** **<fc # | ||
- | The trade balance is very unfavorable with this item. Hardly are sold to buy orders. | + | The trade balance is very unfavorable with this item. Hardly |
* **Price development** **<fc # | * **Price development** **<fc # | ||
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=====Speculative trading===== | =====Speculative trading===== | ||
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
Knowledge is power, definitely in the marketplace. If you know in advance that a particular type of item is going to become a lot more popular among the pilots of EVE Online than it current is, you can choose to invest in this market, knowing that the price will rise in the near future. Speculative trading can be an immensely profitable enterprise, but it requires knowledge that the average station trader might not have. | Knowledge is power, definitely in the marketplace. If you know in advance that a particular type of item is going to become a lot more popular among the pilots of EVE Online than it current is, you can choose to invest in this market, knowing that the price will rise in the near future. Speculative trading can be an immensely profitable enterprise, but it requires knowledge that the average station trader might not have. | ||
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=====Long term trading===== | =====Long term trading===== | ||
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
Certain items in the game are no longer able to be obtained, yet can still be used and available in significant quantities. Examples of these are special edition assets, holiday gifts or other limited edition items. Assuming these items remain useful, prices of these items steadily increase over time as their available quantity slowly goes down. Entering these markets is usually a long term investment. | Certain items in the game are no longer able to be obtained, yet can still be used and available in significant quantities. Examples of these are special edition assets, holiday gifts or other limited edition items. Assuming these items remain useful, prices of these items steadily increase over time as their available quantity slowly goes down. Entering these markets is usually a long term investment. | ||
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====What is market manipulation==== | ====What is market manipulation==== | ||
- | [{{ https://i.imgur.com/ | + | [{{ https://raw.githubusercontent.com/ |
The market for certain items can be manipulated by a single trader, though these types of investments should be done with careful planning and calculations beforehand. Typically, the strategy is to buy up the supply of a particular items and relist them at a higher price. Since you are buying items at the sell price rather than the buy price though, you're betting on your sales of all the items you bought up to be completed before the market bounces back to the price equilibrium. | The market for certain items can be manipulated by a single trader, though these types of investments should be done with careful planning and calculations beforehand. Typically, the strategy is to buy up the supply of a particular items and relist them at a higher price. Since you are buying items at the sell price rather than the buy price though, you're betting on your sales of all the items you bought up to be completed before the market bounces back to the price equilibrium. | ||
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Finding a manipulated item can be very profitable market to invest in. By design of the manipulator, | Finding a manipulated item can be very profitable market to invest in. By design of the manipulator, | ||
- | + | ======Profit Trackings====== | |
+ | |||
+ | There are two ways to track profits | ||
+ | |||
+ | 1. Spreadsheet Programs (Excel, Google Sheets, etc.) | ||
+ | * For Google Sheets, a third party CREST [[https:// | ||
+ | 2. Third Party Programs | ||
+ | |||
+ | **Free** | ||
+ | * <fs medium> | ||
+ | * Pros - VERY powerful, can do almost anything you could want besides full automation. Allows simulated analysis of profit, as well as multiple secondary features. Open Source (so you avid programmers can canabalize the code) | ||
+ | * Cons - Just like eve, has a large learning curve. Doesn' | ||
+ | * <fs medium> | ||
+ | * Very basic, very plain. | ||
+ | |||
+ | **Paid** | ||
+ | * <fs medium> | ||
+ | * Pros - Very easy to use and learn, automates analysis, and looks pretty. | ||
+ | * Cons - Kinda shite, only useful for station trading and very under-powered. Subscription levels are pointless. | ||
+ | =====Manual===== | ||
======Standings====== | ======Standings====== | ||
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=====Third party tools===== | =====Third party tools===== | ||
- | ====Evernus==== | ||
- | |||
- | ===Evernus application=== | ||
- | [[playground: | ||
- | ===Evernus trade advisor=== | ||
- | ====EVE Mogul==== | + | =====Blogs===== |
======FAQ====== | ======FAQ====== | ||
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* [[user: | * [[user: | ||
- | {{tag> | + | {{tag> |