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Jakey Babey
State War Academy
Caldari State
0
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Posted - 2012.06.18 05:46:00 -
[1] - Quote
Okay, so this whole brokerage system is new to me.
I read the EVElopedia bit on it, but it's still pretty fuzzy.
For now I have bought a few things using the Place Buy Order tab.
But I feel that the few things I bought were dumb luck....because I'm not too sure how it works.
Example:
I want to buy a Merlin Ship.
All the sellers in the list are Selling for around 500,000 ISK
Most of the Buyers prices are at around 50,000 ISK
For starters, how does that even work? One guy wants to sell for half a mil, then everyone else only buys it for 1/10 of the price?
Does it even work like that or will their orders get rejected.
Secondly, will I have a higher chance (or any at all) if I then place a buy order in for 60,000 ISK? (10k more than everyone else offered)
---edit----
I only asked that last bit because that's how I bought things recently...I saw item/s listed for 125,000 ISK under Seller, then under Buyer people only had 4000 ISK listed....So I put in 5000ISK and sooner or later got the item.
But it seems quite random atm. I NEVER get an immediate buy, and sometimes I buy something 2 hours later (on a 1 day timer) and other times, like now I have a full queue and nothing is being bought using the same "ill add 1k ontop of yours" technique.
Primitive I'm sure, but I'm still learning.
Any help will be greatly appreciated! |
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ISD Athechu
ISD STAR
26
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Posted - 2012.06.18 06:16:00 -
[2] - Quote
Hello Jakey Babey,
Jakey Babey wrote:
For starters, how does that even work? One guy wants to sell for half a mil, then everyone else only buys it for 1/10 of the price?
Does it even work like that or will their orders get rejected.
It works as they are placing a buy order as in your saying that you will pay X amount for Y item. While sellers are using sell orders saying they are going to give you Y item but at X price. It does work every so often all depending on what the buy order prices are at. Some people sometimes get expensive things at a much cheaper rate. Or they buy the item at a much cheaper rate so they can resell them at a higher rate.
Jakey Babey wrote:
Secondly, will I have a higher chance (or any at all) if I then place a buy order in for 60,000 ISK? (10k more than everyone else offered)
Short answer yes as people who sell and don't put up sell orders just sell get the highest price available so if all the other offers are 50,000 and you put one up for 50,001 for example the seller will get the 50,001 instead of the 50,000 because it's more money.
The market is can be quite confusing but once you get the hang of it it's not too bad. Check out: http://wiki.eveonline.com/en/wiki/Market_guide for additional information.
Fly safe o/
ISD Athechu
Commander
ISD STAR (Support Training and Resources) |
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Abdiel Kavash
Paladin Order
Fidelas Constans
597
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Posted - 2012.06.18 06:38:00 -
[3] - Quote
There are two ways of using the market system. One way is placing sell or buy orders yourself and waiting for someone to fill them - which is what I assume you have been doing. Second way is being a customer and simply buying from the existing sell orders or selling to the existing buy orders. To do that, simply right-click a sell order in the market window and choose "buy", or right-click an item and choose "sell this item", and leave the price as what the UI suggests. This is the highest price any buyer in range of your item is currently offering, thus the highest price at which the item will sell immediately.
Note that regardless of which order you select to buy from or sell to, you are always trading with the person who has the cheapest available sell or most expensive available buy order in range. There is no way to pick and choose which order to buy from.
In your example, there are people in your region willing to sell you your item for 500,000 ISK. If you are fine with that price, you can right-click the order and get it immediately from that person. If you don't like the price, you can place your own buy order at whatever price you want. If it's higher than some existing sell order (not sure why would you do that though), it will get filled immediately using the lowest available sell order(s). If it's not, your order will be sitting there waiting for somebody willing to sell you that item for the price you specified.
As I wrote above, orders are always fulfilled in order of price (lowest sells and highest buys first). Therefore it benefits you to place a buy order for more than all the existing orders, as that makes you get your items first. However keep in mind that other traders can change their orders' prices to outbid you. |
Jakey Babey
State War Academy
Caldari State
0
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Posted - 2012.06.18 10:12:00 -
[4] - Quote
Ok, my understanding is growing a bit more on the subject.
Thanks alot guys! I really appreciate the help!
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Tau Cabalander
Retirement Retreat
Working Stiffs
763
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Posted - 2012.06.18 15:48:00 -
[5] - Quote
Two additions to Abdiel Kavash good write-up:
* You can choose to always use the "advanced" option when creating an order, and set the duration to "Immediate". There are no broker fees for immediate orders (they have to be immediately fulfilled).
* If two orders have the same price, then the one with the shorter duration remaining applies. |
Celeste Taylor
Ruby Dynasty
30
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Posted - 2012.06.18 22:12:00 -
[6] - Quote
These 1:10 buy/sell ratio items are the ones you want to look for to make money. First make sure it is a product that moves by clicking on the items history tab. You don't want to invest in something that nobody is actually buying or selling.
If people are actually buying at 50 and selling at 500 you might want to consider joining. you can play the 50001, 50002, 50003 game if you plan to log on frequently or place a buy for a higher increment. Even if you buy at 90,000 and sell for 400,000 you are still making a decent % profit. |
Peri Simone
Black Rebel Rifter Club
52
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Posted - 2012.06.19 01:17:00 -
[7] - Quote
In addition to the wise words above, you'll tend to find that if only a few people are buying and selling an item, the difference will be much higher, but orders will take longer to fill. If many people are buying and selling (e.g. ammunition) there will be a very low percentage difference, but orders will be filled much more quickly.
Selling a hundred Space Widgets a week at 5% profit may be a better deal than selling five Space Doohickeys at 50% profit (depending on the comparative buy price of Widgets and Doohickeys).
However, if the Widget market is really busy, you might find that you're repeatedly under and over bid (especially if you're in a popular trade hub like Dodixie, Rens, Amarr, Hek and particularly Jita). Casual traders generally try to look for a middle ground. Also note that prices rise and fall: when that percentage difference gets too slim traders will drop their buy orders, or buy out sell orders. |
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