![]() As the quantity column gives us the trade volume, it does not distinguish between buy orders and sell orders being fulfilled. A well balanced item is one that is being sold to buy orders in the same quantity as its being bought from sell orders. When looking deeper into the market behavior of a particular item, the trade balance is another indicator that can help you make your investments more profitable. You always need to keep checking on the volumes, margins and behavior surrounding an item to determine whether you should keep trading in it once you’ve initially invested. All else equal, an item with a decent profit margin but with a rather good trade volume is better to invest in than an item with double the profit margin, but only a quarter of its trade volume. In the graph view, the quantity is displayed as a bar graph, giving you an easier insight in the historical development of the trade volume.įor a lucrative item the trade volume is high, but always relative to the price of the item and in balance with your capital and number of market orders available to you. The exact number of units that has been traded during a single day is listed in that column. The easiest way of getting an indication of an item’s trade volume is having a look at the price history table. ![]() The trade volume is the amount of items that have been traded, meaning bought as well as sold, for a particular time frame. Whilst an item’s initial profit margin might seem very attractive, you should not invest in the item until you have taken a look at the trade volume. The true profit margin also takes taxes and fees into account. The same goes for your future sell order. Since you are are likely going to be updating your orders because of competition, your buy order’s value will be higher than the current highest buy order. The true profit margin is dependent on the price you end up paying for the item when it is sold to your buy order, and the actual amount of ISK you get when your sell order is completed. Your profit margin can be estimated by checking the difference between the lowest sell order and the highest buy order that are currently already up. So I always try to aim for items that have at least a profit margin of ~10% before fees and taxes. Assume that at the minimum 5% of your profit will go to these fees and taxes. Remember those fees we mentioned in the skills section? Those broker fees and taxes are two of the biggest costs you have as a trader. This is the first thing you should consider when looking for items to trade. There are a few things to keep in mind when selecting items to trade. For most traders, that means pushing orders to the top of the stack for Buy Orders and Sell Orders. Timing is important for one reason, you need to be active in the market to receive supply or fill demand. This means Jita, Amarr, Dodixie or Rens for the vast majority of trading in EVE. So for now, pick a market hub and stick to it. If you’re trying to trade outside of a market hub, you’re going to struggle as a new player. For station trading it really matters in two ways: where you position your trading, and the timing of those trades. ![]() The best part about trading for me is that I can use an alt that has less than 4 Million skill points to make billions of ISK if I work hard enough.Ī lot of people will repeat this adage in business, both in EVE and in the real world. It’s worth remembering that most new player corps and alliances have programs that will supply these skill books and more to new players for free. Grab a few of the skill books listed above and get training. ![]() NOTE: This skill requires an Omega account. Margin Trading – Reduces the amount paid to escrow by 25% (cumulatively) per level. However, there is one other skill you could train to increase how much ISK you can leverage at a time: Every level in this skill reduces the transaction tax by 10% per level.īroker Relations- Second most important skill, Reduces broker’s fees by flat 0.1% per level. Retail – Adds 8 additional orders to your pool per level.Īccounting – This is the most important skill for any prospective trader. Trade – Adds 4 additional orders to your pool per level. The training is incredibly simple, you only really need a few skills: However, as with just about all the activities, your time spent will become more profitable the longer you train and the more experience you have. Compared to other professions, especially those that earn you a profit, station trading is relatively easy to get into. ![]()
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