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public:dojo:wiki:station_trading_complete_guide [2015/08/16 12:54]
LSky NLX 		public:dojo:wiki:station_trading_complete_guide [2023/05/14 14:59] (current)
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 ======Station Trading: Complete Guide====== ======Station Trading: Complete Guide======
 +
 +<alert type="muted">
 +;#;
 +**This page is a work in progress.**\\ Please contact the **active** author before you make any significant changes.
 +;#;
 +</alert>
  
 =====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 Trade Hub((Trade hubs on EVE wiki - https://wiki.eveonline.com/en/wiki/Trade_hub)). Station trading is not quite a form of passive income, however the amount of time spent on station trading is entirely up to you. The core mechanic of this profession is to set up a buy order for an item, wait for someone to sell the item to your buy order, and then put up a sell order for the item at a higher price. The margin between the price at which you buy the item and the price at which you sell the item (minus taxes and fees) is your profit. Most time is spent updating your orders. In order to maximize your profit, you have to make sure your buy orders have the highest price and your sell orders have the lowest price, both usually by a tiny margin relative to your competitors.+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://wiki.eveonline.com/en/wiki/Trade_hub)). Station trading is not quite a form of passive income, however the amount of time spent on station trading is entirely up to you. The core mechanic of this profession is to set up a buy order for an item, wait for someone to sell the item to your buy order, and then put up a sell order for the item at a higher price. The margin between the price at which you buy the item and the price at which you sell the item (minus taxes and fees) is your profit. Most time is spent updating your orders. In order to maximize your profit, you have to make sure your buy orders have the highest price and your sell orders have the lowest price, both usually by a tiny margin relative to your competitors.
    
    
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 =====Skill training===== =====Skill training=====
-[{{ https://i.imgur.com/xrIDXFB.png|Example of decent station trading skills}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/xrIDXFB.png|Example of decent station trading skills}}]
    
 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          ^ Training multiplier ^ Skillbook cost ^ [[skillbooks|Supplied by Dojo]] ^ ^ Skill     ^ Effect ^Requirements          ^ Training multiplier ^ Skillbook cost ^ [[skillbooks|Supplied by Dojo]] ^
 | Accounting    | Reduces transaction tax by 10% per level     | Trade IV       | 3x | 5.000.000 ISK | **<fc #ff0000>✘</fc>** | | Accounting    | Reduces transaction tax by 10% per level     | Trade IV       | 3x | 5.000.000 ISK | **<fc #ff0000>✘</fc>** |
-| Broker Relations   | Reduces broker's fees by 5% per level     | Trade II       | 2x | 100.000 ISK | **<fc #00ff00>✔</fc>** |+| Broker Relations   | Reduces broker's fees by flat 0.1% per level     | Trade II       | 2x | 100.000 ISK | **<fc #00ff00>✔</fc>** |
    
 ====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          ^ Training multiplier ^ Skillbook cost ^ [[skillbooks|Supplied by Dojo]] ^
 +| Social    |  | None       | x | 0 ISK | **<fc #ff0000>✘</fc>**  **<fc #00ff00>✔</fc>** |
 +| Connections    |  |   | x | 0 ISK | **<fc #ff0000>✘</fc>**  **<fc #00ff00>✔</fc>** |
 +
 ====Optional skills==== ====Optional skills====
    
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 ======Market Window====== ======Market Window======
    
-[{{ https://i.imgur.com/CVZeaGD.png|The market window}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/CVZeaGD.png|The market window}}]
    
-[{{ https://i.imgur.com/ZQjgEQA.png|The price history table}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/ZQjgEQA.png|The price history table}}]
    
-[{{ https://i.imgur.com/g1TgIg7.png|The price history graph}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/g1TgIg7.png|The price history graph}}]
    
    
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 =====Price development===== =====Price development=====
    
-[{{ https://i.imgur.com/1qCtAlI.png|Example of cyclical price development}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/1qCtAlI.png|Example of cyclical price development}}]
 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====
    
-[{{ http://i.imgur.com/oqt0tVx.png?150|The competitiveness for buy orders is high, the result of a good profit margin. There are very few sell orders though, which could drive the price up further.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/oqt0tVx.png?150|The competitiveness for buy orders is high, the result of a good profit margin. There are very few sell orders though, which could drive the price up further.}}] 
-[{{ http://i.imgur.com/jSH7eBP.png?150|The trade volume is decent, relative to the item's value. The current buy order value is quite low for about a week now.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/jSH7eBP.png?150|The trade volume is decent, relative to the item's value. The current buy order value is quite low for about a week now.}}] 
-[{{ http://i.imgur.com/PiskFdw.png?150|The item's price seems rather stable.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/PiskFdw.png?150|The item's price seems rather stable.}}]
    
    
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 ===='Augmented' Warrior==== ===='Augmented' Warrior====
    
-[{{ https://i.imgur.com/YPQdcaE.png?150|A great margin attracts competition for buy orders.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/YPQdcaE.png?150|A great margin attracts competition for buy orders.}}] 
-[{{ https://i.imgur.com/LuWNHIk.png?150|The trade balance is favorable, if you're a seller.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/LuWNHIk.png?150|The trade balance is favorable, if you're a seller.}}] 
-[{{ https://i.imgur.com/RDFapAn.png?150|The item's price has increased dramatically.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/RDFapAn.png?150|The item's price has increased dramatically.}}]
    
 Let's look at the 'Augmented' Warrior 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 'Augmented' Warrior 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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 ====Missile Guidance Enhancer II==== ====Missile Guidance Enhancer II====
    
-[{{ https://i.imgur.com/ZgyaRc1.png?150|This item has a decent margin, but competition is stiff.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/ZgyaRc1.png?150|This item has a decent margin, but competition is stiff.}}] 
-[{{ https://i.imgur.com/IJE8gba.png?150|The trade balance is very unfavorable.}}] +[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/IJE8gba.png?150|The trade balance is very unfavorable.}}] 
-[{{ https://i.imgur.com/N86ZFIr.png?150|The item is new, and prices as well as trade volume are dropping.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/N86ZFIr.png?150|The item is new, and prices as well as trade volume are dropping.}}]
    
 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 #ff0000>✖</fc>**   * **Trade balance** **<fc #ff0000>✖</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 any are sold to buy orders.
    
   * **Price development** **<fc #00ff00>✔</fc>**   * **Price development** **<fc #00ff00>✔</fc>**
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 =====Speculative trading===== =====Speculative trading=====
    
-[{{ https://i.imgur.com/lWBDfxB.png?150|An example of an item that could have been speculated on.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/lWBDfxB.png?150|An example of an item that could have been speculated on.}}]
    
 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/pBCBngN.png?150|An example of an item that can serve as a long term investment.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/pBCBngN.png?150|An example of an item that can serve as 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. 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/ru0vaZD.png?150|An example of an item that has been manipulated.}}]+[{{ https://raw.githubusercontent.com/bravecollective/wiki-files/main/imgur/ru0vaZD.png?150|An example of an item that has been manipulated.}}]
    
 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, the margin between buy orders and sell orders is now artificially inflated. If you are able to acquire the item, either through a buy order, through inter regional trading or otherwise, you can undercut the original manipulator slightly, and benefit from his higher sell price, without the cost of buying out the market. Be careful though, manipulated markets attract other traders, which in turn can drive the buy order price up. Buying into this market is only profitable if you can sell the item before the market readjusts. Always check the price history to see if the current buy orders haven't been inflated to such an extent that they're far above the regular sell order price. You could be stuck with an overpriced purchase if you can't sell it in time. Finding a manipulated item can be very profitable market to invest in. By design of the manipulator, the margin between buy orders and sell orders is now artificially inflated. If you are able to acquire the item, either through a buy order, through inter regional trading or otherwise, you can undercut the original manipulator slightly, and benefit from his higher sell price, without the cost of buying out the market. Be careful though, manipulated markets attract other traders, which in turn can drive the buy order price up. Buying into this market is only profitable if you can sell the item before the market readjusts. Always check the price history to see if the current buy orders haven't been inflated to such an extent that they're far above the regular sell order price. You could be stuck with an overpriced purchase if you can't sell it in time.
  
- +======Profit Trackings====== 
 + 
 +There are two ways to track profits 
 + 
 +1. Spreadsheet Programs (Excel, Google Sheets, etc.) 
 +  * For Google Sheets, a third party CREST [[https://github.com/nuadi/googlecrestscript|script]] has been released and is very easy to use 
 +2. Third Party Programs 
 + 
 +**Free** 
 +  * <fs medium>[[http://evernus.com|Evernus]]</fs> - <fc #ffa500>Intermediate</fc> - A customization, powerful market tool with options for market trading, industry, and other isk-making activities 
 +      * 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't track importing by default. 
 +  * <fs medium>[[http://pwning.de/neat/|N.E.A.T.]]</fs> - <fc #4682b4>CORNAK LEVEL EASY</fc> Very basic profit and income tracking tool - Free version with available paid membership 
 +      * Very basic, very plain.  
 + 
 +**Paid** 
 +  * <fs medium>[[http://www.eve-mogul.com|Evemogul]]</fs> - <fc #00ff00>EASY</fc> - Tracks profit, automates some analysis, does not work for importing  
 +      * 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_guide]] 
  
-===Evernus trade advisor=== 
  
-====EVE Mogul====+=====Blogs=====
    
 ======FAQ====== ======FAQ======
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   * [[user:lsky_nlx|LSky NLX]]   * [[user:lsky_nlx|LSky NLX]]
  
-{{tag>trading guide}}+{{tag>trading guide advanced omega english}}
  • public/dojo/wiki/station_trading_complete_guide.1439729665.txt.gz
  • Last modified: 2015/08/16 12:54
  • by LSky NLX