Thanks to this guide I started playing Eve on 1/07/17 and today on 1/22 my Character has paid for PLEX and still has a net worth of 1.07B isk. There was some investment by others in the game but I would not have shown the promise for them to do so if I had not learned what I learned here. Many thanks
Steven M Steven M so, you started recently? Me too... We may see each other some day in-game... I'm leaving my nickname here Saulo Cesaille... For now I will be doing the trading method of getting isk..
I'm actually an Omega toon. I'm not brand new, but I got to say your guides are some of the best I've seen so far compared to most videos I have seen on YT regarding making ISK. Keep it up bro. I'm subbed and I look forward to seeing more videos from you.
I was skeptical about trying this but got into the swing of things quickly. I also found one guy who did exactly what you suggested watching for. He sold the buyers prices in the sell category. Made 300,000 on that trade. Thank you for the tips. Grateful and it was fun.
something worth looking at is if you have some extra time look at the prices of items dropped in heavy amounts in missions as some of these are selling so low in price you can often buy them and make quite good profit from refining them
If you have a trade that people are constantly 1 centing you just make 2 separate buy order/sell order for the same item to avoid to 5 minute update time
Very Helpful! I'm a newer player myself and was looking for a better way to make ISK. With the guide of some older players I've been doing extensive wormhole exploration, but due to the hit and miss nature of wormholes I wanted another way to make ISK and found this video. Excited to try this out. Will update this comment on results. Great and Clear Explanation!
This isn't arbitrage. This is market making. Arbitrage implies going from one market to another buying a sell order and selling to a higher buy order somewhere else.
The math for the break even only works like that (just adding 2xbroker fees and sales tax together) if you're selling and buying at the same price, which by definition isn't profitable. For all other cases it's a little more complicated. How far off you are with the result depends on the difference between buy and sale value. You're probably best off just using a spread sheet to calculate but you'll want something like 15-20% difference anyway to make a decent amount of profit. Another potentially useful tip: You make your money on the buy orders, not on the sell orders. Try buying stuff for a lower price than usual, not jump on something you see an unusually high buy order on. At worst you cancel your buy order and lose the broker fee but if you can't get rid of an item you bought you have that isk bound and won't be able to reinvest or lose 2x broker fee + sales tax if you are forced to sell it to an existing buy order.
Is it just me or does this guy sound like Brad Pitt doing his best Matthew Mcconaughey impression? If I could buy a bed made of Morgan Freeman's voice, I would likely seek a blanket made of this dude's voice...obligatory *nohomo*
Missed a few things I think, didn't go over the graph(market data) and how to read it. I consider it pretty important for reading volume and price stability Also pro tip, it's much faster going through your orders if you keep the wallet window open and use the orders tab there, keeping it side to side with the market tab
I also have a question about statistic of sell and graphics. Haw know exactly what means information of value, quantity - is this all of type of maded orders or just orders for buy: the quantity is mean all buy\sell or just buyed items and so on? In graphic can't understand what means blue and orange lines. Well i want deep understand statistic information and graphics. If you can, pls make video. P.s. I'm brand new player bot in few days i make couple millions in day just craft and sell items, so if i will have deep understanding statistic it will be real help me calculate where was war and need supplies, where is low trade traffic and now sens trade there and so on. It's really hard find out is item was buyed for normal price in dig amount, or it was just selling and no one want buy this item, and it's no sens to place order for selling.
Амаяк Рудик I 'm not sure what you are asking. There is more detail available in the Price History tab. Also, websites like EVE-Marketdata.com have good statistics. As for finding areas where fighting is happening, a website called Dot-Lan is useful for that. My recommendation for trading is to start small and try new items, see if they work, if not drop them and try something else.? Then slowly expand until you have 4 Alpha Clone Accounts with one in each Market Hub (Jita, Dodixie, Amarr, and Rens) You could even expand out further to smaller market hubs where volumes are much smaller but you can buy for far less than in Jita. Buy near War Zones and haul to Jita to sell.
First of all, I will not make 4 clones, because I play just my main hero for fun, not to real big profit and don't want fest plex without fun. I craft items and sell them with 10-400% of margin and make this stable ;) And this is interesting - I'm not just reselling items, I made them and sell for real price not like others noobs(1KKK for garbage), so players take it and I still left in plus profit :) And this is fun and useful, bot.... in game statistic Price History have leerily information: For example you see in tabs that was 2 orders and 400 quantity, bot that can means like: 1. someone sell 60 items and someone sell 340 items for ship price and NO ONE buy them. So this is not place for trading - in this station or even in all region this stuff is not needed! 2. someone sell 10 items for chip price to reseller like you in video ;) bot other 390 of quantity was BUY for +- normal price and that means this exactly item is popular there! Bot Price History don't tell us exactly what means they tabs. If this mixed information of buy\sell orders and buy\sell quantity so this statistic kind garbage :( Dot-Lan know, good site. Also know about eve-central.com Try search in EVE-Marketdata.com bot I doubt that there are such information. Maybe later, when I grow up in crafting, I will sell expensive Tech II stuff, bot now i have few position in market +- 2 kk ISK profit in a day without reselling and making clones. I even can buy resources for crafting and still be in profit :) I'm not run for easy ISK, plex end so on, I'm play in game and try have fun, make business, find contracts and fill like real space businessman what really helps someone and not just have his easy ISK for nothing :)
Not sure if this has been mentioned already cause I cant be arsed to read all the replies below. In the video, he said to go and do missions to raise your standing to lower your buying and selling costs. The fastest way to get you standing up is to train "Connections" in the social skill tree. This gives + 4% per level trained. I went from 0.32 faction and 0.51 Faction standings, whilst running level 1 missions for a couple of hours, up to 1.24 Faction and 1.83 Corporation, which should be pretty significant. I will keep training this for as long as I can afford, and run some level 2 missions to see how far I can get in another few hours.
As an alpha clone, I find it way, way easier to jumpstart your Jita market career by starting your trading with skilbooks. The reason being that the cheaper skillbooks have profit margins of over 100%, sometimes even more, if you buy them at schools 2 jumps away. And after a quick round trip, you can start selling them right away. No need to wait for people taking your buy orders first. They all sell reasonably fast too, even the T2 and capital skillbooks that have margins of millions on them, easily sell in a day with little monitoring. Also for the other, slower markets are skillbooks a good early trade investment in my experience, if you do a good dubbelcheck on trading volume that is. The reason being that for quite a few skillbooks there are simply no competitors on those markethubs. So for a Tech 2 skillbook bought at a school 2 jumps away for 5 million ISK, you can actually set your own price and sell it the same day for double the price at your local market. That's easy money in the beginning, especially if you're into slow trading. Only after I gained a few easy million ISK from high margin skillbooks, I started shifting to quick turn-over buy orders with lower margins. Btw, the Burger method for analysing market graphs really helped me well with this: wiki.eveuniversity.org/How_to_identify_items_to_trade. From a trading perspective, it's also highly recommended in my experience as an alpha clone to do active PVE and PVP on your other accounts. Because only then you get a good insight in which goods are often used in fighting and therefore in high demand on markets.
Not sure if this is in the comments already - I always use copy and paste to set up and modify orders, no need to type every digit of the prices by hand. For a buy order - make a fake buy order on the top item, the price is already in the field and can be modified by the mouse wheel or the arrow keys For a sell order make a fake buy order on the top item and select "Advanced" to get a copyable price field.
Real Life got hard and I burnt out. I have tried to play again but so much has changed I can't get the same fire I had. Glad you like the videos, I'm happy I gave something back to the game I loved for so long.
This is a really good guide on how to use the Market but I'd not really encourage New Players to think they are going to be making billions in no time. One thing I will re-emphasize here - because I constantly see evidence that people do not understand this - is that on a Sell Order - the Low Bidder - will _ALWAYS_ get the sale. The game will not ALLOW you to to buy from anyone else but the low bidder. You can pick one of the other bidders prices - but the sale WILL go to the person with the low bid - just at the price you elected to pay. Sometimes I have seen items listed for sale for millions of ISK - when the price they were selling at was vastly lower. On occasion - where I was the low bidder - I made millions of ISK off a cheap item I was selling for hundreds - because someone had accidentally clicked on the wrong item - and paid like a million ISK for it - and all that money went to me - not that smart ass who put that item up for sale at that price - because I was the low bidder. I would usually check the age of the character who had made that mistake - and if they were new - give them their money back. If you look at the items that OP was buying and selling - these were things he knew from experience were good things to buy and sell - and - he new what his margin had to be to make it worth while. The problem here - is that this stuff changes all the time. What was a really good item you could make a lot of money off of ... not that long ago ... can become something you really want to stay away from. One factor in that is the Band Wagon Effect which you will see throughout EVE and IRL. Something is REALLY good to do - so - EVERY BODY starts doing it - and after a while ... it's no longer such a good thing to do. Now - one thing about those 4 Alpha Accounts - where you put one in each trade hub - that gives you 8 other characters you can create. One of the things you can do is have some of then doing entirely different things. Another thing you can do for Trading - is have some of them located at spots where they can readily jump between Regions. The Market only shows prices for one region. Sometimes people don't check what the price is for something in a neighboring region - and if YOU do - you can make some real money that way. You just need to be able to haul things from one place to another. Here you want to be familiar with what the price differences are - and - how long it's going to take you to haul what you buy to where you can sell it. Now - the next possible step in the above process - is dependent on what you want to do. If what you want to do is maximize the money you make off of your sales - then setting a long term sale of a large number of items may be the way to go. If what you want to do - is get a quick turn around on your money - then selling to buy orders will give you that immediate turn around. One of the first things I did trading - was to note that there was a substantial profit to be made buying a specific thing in one region - jumping a few times to get to another - and then selling it immediately. THEN I took the money I now had - went back to where I'd gotten the items and bought more of them. THEN I sold them - and took the money I now had - and went back and bought STILL MORE. I plowed my Hauler back and forth between my seller for these items and my buyer until I'd bought and sold ALL of them - something I wasn't even close to being able to do all at once - but - turning my money around with every load - I was eventually able to do that. Here - I was Selling Immediate - which some people will tell you is anathema to traders - but maximizing my profit over time - didn't matter. What mattered was the rapid turn around of my money - which allowed me to substantially increase my Capital. Whatever I could have made over time - by rapidly turning my money over - I was able to quickly increase my Capital. The problem with doing this - is knowing to do it - knowing that there is an item that you can do this with. There usually isn't. There are a lot of "Games Traders Play" and I don't think for a second I know them all but there are a few things they can do. There are a couple of ways the can seek to gain control of a market. One way is to lower the price on items until your competition is forced to lower their prices as well if they are ever going to see a sale. You work them down until you think the time is right - and then you buy them all out and jack the price back up to where it had been. This, of course, is a "it takes money to make money" strategy. There is a counter to that though - wherein - you can either get the items much cheaper than you are ever selling them for - or make them cheaply. Here - what you do - is feed them until they choke. You post a really low price - and they buy you out - so you sell them more and more and more and more - until they have bought more of those items than they can EVER sell. You'll know you've won when they stop buying your stuff or changing their orders - or their orders disappear because they've moved somewhere that YOU aren't. At that point - you can go back to 1 Centing things without having to deal with that competitor. Trust me - there are any number of "Games Trader's Play" and anyone who think's Trading isn't a PVP activity ... is wrong. .
another good thing to trade are the exploration items,if youre prepared to wait. The turnover rate is pretty low so you gotta keep your order up to date but the margin can be as much as 250%.
1) You can have as many Alpha Accounts as you want. 2) You can use the same E-mail Address for all your EVE accounts - because - with EVE - you have a User Name that you log in with - not an email address. Games where you login with an e-mail address and password - are going to limit you to one account per address because they are going to match your password to that specific e-mail address - but - since you log into EVE with a User Name and Password - passwords are matched to that User Name - not to the e-mail address. 3) EVE is designed to allow you to have multiple accounts running on the same computer - but - those accounts ALL have to be Omegas. 4) When running an Alpha account - you can only run that one single account. You cannot run another Alpha Account - OR - an Omega Account at the same time. .
Cool video! I started as a complete noob a week ago, and got fed up with the low payouts from the regular missions, so i did the Epic Arc missions, which ended up with 15m ISK. All nice and well, but i didnt make money after, so i tried mining, which took forever. Then i tried High buy vs low sell between systems. Too much risk, too slow. Then i started exploring, and that is the way to go for a noob like me. 360m ISK in 3 days, roaming null sec and wh. Scary shit, because they find me a lot, but heck its awesome when you hack a 15m ISK for the first time. Maybe that would be a great point in time to start doing what you do...
It actually wasn't a mistake. He was selling to buy orders, but the top buy order couldn't fully fill his order so it auto-list them as sell orders. This means his only mistake was not choosing immediate when selling to buy orders because he paid brokers fees when he didn't need to (brokers fees go away when choosing immediate instead of a timeframe).
@35:20 you give the wrong explanation on what happened and why that item was priced so low. You assumed it was because the seller messed up, but what really happened was that the seller had more items in his inventory to fill that buyorder and the remaining items are then put up for sale automatically.
Hello there! I hope you are still arround to help me with this question: Is this still viable with the changes of Advanced Broker Relations? Because a lot of people is saying that, with this change, now it is impossible to do this and I am worried due to thw fact that I was about to start doing this... Thank you in advance!
Hey buddy, im a newb too. im just wondering if you get the answer for that? I wana try this method aswell. Also, my in game name is Adam0914 Bok, we can explore these things together if you want.
@@doomdobidoo1793 hi there! No, i didn't received any response yet. But your kind offer sounds great! I will add you in the game and send you an email ingame to let you know who I am and start breaking this together :)
You mentioned using 4 accounts to set up one trader per hub, but with 3 pilots on one account you could set up one alt in each of Jita, Amarr, and Dodixie with one account
A great video. Making good ISK as an Alpha is not easy, I mine to get materials to make things for sale as well as market trade, I seem to do ok in Dodixie.
Thanks for your excellent videos. I realise this video is quite old now, but as a new player and assuming nothing substantial has change since then, what do I do once I have 4 alphas with plenty of cash? Can I consolidate that profit in my main character some how to fund his travels, plex the account etc. and if so, how?
I have placed buy orders for everything you suggested here and nothing. Absolutely nothing... I'm still waiting for just the ONE stinking salvager or whatever to come in from any of my buy orders. Let alone sell something... It doesn't work at all like you show here... What am I missing..?
The minimum sales tax I can get is 5%. Add to that the >3.5% cost to buy and sell at a station means that I need more than 12% markup to break even. Has there been a change in sales tax since this video or am I missing something?
And most importantly, don't forget guys: If you don't enjoy it, DO NOT do it. It' EvE, there are tons of things even alpaca clones can do to earn money: Exploration (relic sites), gas harvesting in wormholes, scanning down with combat probes ppl doing missions in Battleships/Marauders in Osmon or other popular mission hubs, warping to them and salvaging the wrecks (10-30 mil per hour easy for a noob). Google around or ask in Eve's help chat channels, there are tons of things to do. Or rather stop being cheap and buy a subscription.
Hello, i recently started to trade but i really have troubles making money with it... I get 0.01 ISKd all the time, even on orders where nearly no sell orders are... I dont even trade in Jita... Do you have a suggestion to this? Thanks!
Hi, I'm trying to do this at Amarr trade hub, there are actually 1000 players in local, but no one is buying or selling anything to me. I'm only buying stuff if there is that 20% difference between buy orders and sell orders and I'm only buying stuff used in pvp. Is there something I'm doing wrong? Or is it that I just need to be more patience?
Depends alot of the item and whether you are the lowest/highest order. Some items have very low turn over but things like Cap Booster Charges, Faction Ammo, and Light Drones have a pretty fast turn over. Double check and make sure you are setting your orders up correctly. Beyond that, let a day pass then check them and you should see some good turnover.
EVE Pro Guides - EVE Online PVP and ISK Guides You were right, i just checked the market and all of my orders have been fulfilled. I just needed to wait :D I have one more question, is it better to go for quantity or quality when buyin/selling stuff? I mean, what is the best option, buy/sell 10 expensive items or 200 cheaper items? Thanks for the help!
Very helpful guide! If I have an alpha account would you suggest using a second character on that account so I can train some skills to get broker fees down?
Pro Tip: Gmail (and probably a few others) don't recognize periods in email addresses. So it your email is bob@gmail, you can make another alpha account using b.ob@gmail, another using b..ob@gmail, etc and they'll all go to your bob@gmail account. Although you'll also probably get multiple copies of EVE spam as well.
nice video! but why though, it seems like doing explo/ratting would turn higher profits than playing the market (right?) Idk, been playing for like a month
question, I noticed you were only comparing prices of your station, was it coincidence that other stations weren't in the list (aside from the citadel)? and do the other stations in the region affect the prices that you would sell them at?
Yes, coincidence. Jita 4 has the best prices (lowest sell- and highest buyorders) for most things so they'll appear on top. Since most people are lazy don't bother trying to undercut lower orders from somewhere else within the region. If it's really low you may want to buy and haul the stuff to jita though.
Thanks for this great guide. I have around 400/500 mil and want to start trading, but dont want to trade in such small volumes. Do you have any advise for medium level trades? Should I go for high volume like ammo, or expensive individual sales?
It scales the same for more expensive items and high volume low margin stuff. In general as you get more ISK you want to expand into more total open orders (more variety of items). The main thing to watch out for are items that are very low volume and easy manipulated and uncommon items. You really want to focus your trading on items that are bought and sold often, but just more of them and at a higher price. One way to do that is to buy and sell T1 Ships because pilots often "trade up" which makes for a nice profit for Destroyers, Cruisers, and Battlecruisers.
IMPORTANT TIP!!!: As an Alpha. Be careful when you're using big ISK on orders. When you place a big 'buy order' you're already paying a 5% tax at best. So if you change your mind because the competition is too tough or you don't like it anymore and you take the order down. You're going to lose a lot of ISK fast.
Yeah, you can. You don't need any skills for it either. Just set a buy order centered on the citadel (ranged buy orders use the broker fees of the station you are setting it at anyway) with 1 jump range, 1 jump away from Jita. I don't think there are any citadels with 0% broker fees within 1 Jump of Jita currently but the Perimeter one has 0.1% which might as well be 0 for someone with the limited trade volume of an alpha clone. This only really works in the large trading hubs, best of all Jita because most people will sell their stuff there anyway so you don't need to haul anything. Some of it will end up in some of the other stations but Imo that's well worth the 2.5%+ savings on the broker fee. Just get a cheap industrial and move the few things that don't get fulfilled in Jita there every so often.
500,000 is enough to start but you returns are based on how much you invest. However the smaller the amount the faster it grows because it's very easy and fast to turn over.
second comment just as a tip: get vmware use linux on it put eve in wine and then you can dual box by running 3 virtual machines and 1 normal (as you run windows allready probably) and you can get 4 alpha's online at once... beware though that this is an violation of the rules.. running them trough a proxy makes you safer but not less illigal :)
EVE Pro Guides - EVE Online PVP and ISK Guides to be fair eve without cross training and dual boxing isn't eve online... at least let them taste one of the 2 ghehe
if you open multiple launchers at the same time, then fast click on all of them, as in click click click whitout a pauze, all of your chars wil log in, if you wait a little to long with lets say the 3de char, its gona pop up that you need a omegha clone, but if you do it fast enough . you can multi box alpha clones on the same pc
gaming with egoon VMware makes it so the guessing isn't there.. and it als doesn't make it so easily traceble if done right thus less chance of getting banned xD
so let me get this straight, first you talk about how you want at least a 20% margin on the salvager thingy, the next thing you do is put up a cap Booster buy order for 106K where the lowest sell order is around 117K .... did I miss something here? I mean it's probably still above break even... but just saying .... Ok lol, I hadn't watched it past that point yet, but then you came to antimatter ammo and found out yourself ;-). I do feel like your presentation could be condensed a bit and focus more on explaining things (why this stuff works for example, what can happen depending on how sales + buys go and why they would/could go either direction) ... still enjoying it though, no worries! (I haven't played EVE in years..., but interesting video!)
I make it a point to not buy from anyone that cuts their sell orders to one cent lower than the cheapest person. I just pay that extra cent because fuck that.
MesMerWolf Sorry for the necro reply but I'm pretty sure you're looking for this: Buy price - Sell Price = Profit Profit / Buy = %Profit Fair warning this is very basic and does NOT cover brokers fees and the like. Also it doesn't take sell volume into account, but make sure you make sure what you're selling will actually be a moving product haha. You can gauge that by looking at the daily average orders on the price history tab. Oh and a cleaned up version of the formula because I'm pretty OCD: (Buy -- Sell)/Buy = %Profit
ow ma gawd... i was discussing this with a friend of mine.. how viable is this actually for an alpha? **Edit** figured i should be a bit more clear: i have a few bil laying around... so i can start with it somewhat big :P
It's designed for Alpha and completely viable. The way around the Market Order Limitation is to create more free accounts. As I say in the video one of each race in each races market hub.
HRGG! All the numbers are confusing me! ima just list what I understood : -Look for "profitable" item, which is considered that when, --the highest buy order + 10% < lowest sell order - primarly look at highly used items -look at items PvP-Players or Alphaclone-Players use -I will at 100% only do passiv trading, bc im in nullsec Corp space and bc I am an Alpha clone Thats all I got from this video, pleeeease add other stuff I need to know (!) and as critism, you use too many difficult words for most new players. Yet still helpfull
![Digital Circus Episode 4 [TRAILER]](http://i.ytimg.com/vi/abZtsmMUbJo/mqdefault.jpg)
Thanks to this guide I started playing Eve on 1/07/17 and today on 1/22 my Character has paid for PLEX and still has a net worth of 1.07B isk. There was some investment by others in the game but I would not have shown the promise for them to do so if I had not learned what I learned here. Many thanks
Nice! Good to see Alphas using these methods to PLEX their Account! Great Job
How on earth did you manage that? I've been doing this for 3 weeks now, on top of mining, and I'm not even close to my first billion.
Steven M Steven M so, you started recently? Me too... We may see each other some day in-game... I'm leaving my nickname here Saulo Cesaille... For now I will be doing the trading method of getting isk..
@@Eveproguides 0
I'm actually an Omega toon. I'm not brand new, but I got to say your guides are some of the best I've seen so far compared to most videos I have seen on YT regarding making ISK. Keep it up bro. I'm subbed and I look forward to seeing more videos from you.
Glad you enjoy the Guides and Thank You for the Sub.
One of the best Eve tutorials I've seen yet
I was skeptical about trying this but got into the swing of things quickly. I also found one guy who did exactly what you suggested watching for. He sold the buyers prices in the sell category. Made 300,000 on that trade. Thank you for the tips. Grateful and it was fun.
EVE Guide lol, this is a masterclass in general economics real life speaking :D good job
im the 1600th like and im less than 1 week old in EVE,this is great for me.
thank you for this . I have now have 12 mill in trades atm. I have been looking to do trading for years but never understood it untill now thanks.
something worth looking at is if you have some extra time look at the prices of items dropped in heavy amounts in missions as some of these are selling so low in price you can often buy them and make quite good profit from refining them
If you have a trade that people are constantly 1 centing you just make 2 separate buy order/sell order for the same item to avoid to 5 minute update time
Pretty cool technique though it does waste precious orders which are limited when you're just starting out
Best and most important EVE beginners guide EVER! Thank you for all the insight!
Very Helpful! I'm a newer player myself and was looking for a better way to make ISK. With the guide of some older players I've been doing extensive wormhole exploration, but due to the hit and miss nature of wormholes I wanted another way to make ISK and found this video. Excited to try this out. Will update this comment on results. Great and Clear Explanation!
Also a good idea to add your favourite items to your market browser quickbar that you can create folders in.
7:11 the chat, "is it possible to get aids in this game?" xD
and then "if you fly a Svipul yes"
This isn't arbitrage. This is market making. Arbitrage implies going from one market to another buying a sell order and selling to a higher buy order somewhere else.
I always called it that but I guess you're right. Still exploiting price differences but not in different markets.
If your going to trade at least learn the vocabulary. @@Eveproguides
@@rRobertSmith you're contributing to the bad rep of traders, I hope that was your goal
@@rRobertSmith How about you make the guide for free instead?
@@adamrules01 Good job!
The math for the break even only works like that (just adding 2xbroker fees and sales tax together) if you're selling and buying at the same price, which by definition isn't profitable. For all other cases it's a little more complicated. How far off you are with the result depends on the difference between buy and sale value. You're probably best off just using a spread sheet to calculate but you'll want something like 15-20% difference anyway to make a decent amount of profit.
Another potentially useful tip: You make your money on the buy orders, not on the sell orders. Try buying stuff for a lower price than usual, not jump on something you see an unusually high buy order on. At worst you cancel your buy order and lose the broker fee but if you can't get rid of an item you bought you have that isk bound and won't be able to reinvest or lose 2x broker fee + sales tax if you are forced to sell it to an existing buy order.
Is it just me or does this guy sound like Brad Pitt doing his best Matthew Mcconaughey impression? If I could buy a bed made of Morgan Freeman's voice, I would likely seek a blanket made of this dude's voice...obligatory *nohomo*
ha, I agree
(no homo)
Best guide on trading I have seen. Thank you!
Missed a few things I think, didn't go over the graph(market data) and how to read it. I consider it pretty important for reading volume and price stability
Also pro tip, it's much faster going through your orders if you keep the wallet window open and use the orders tab there, keeping it side to side with the market tab
Good advice. Forgot to show the Market Data here and video was getting long.
or... he's slowballing. anyone with trade experience in eve would realize this. "just trust me".
Dude it is so pleasure listening and watch you videos! Ths for useful and interesting channel !!!
Glad you like the videos.
I also have a question about statistic of sell and graphics. Haw know exactly what means information of value, quantity - is this all of type of maded orders or just orders for buy: the quantity is mean all buy\sell or just buyed items and so on? In graphic can't understand what means blue and orange lines. Well i want deep understand statistic information and graphics.
If you can, pls make video.
P.s. I'm brand new player bot in few days i make couple millions in day just craft and sell items, so if i will have deep understanding statistic it will be real help me calculate where was war and need supplies, where is low trade traffic and now sens trade there and so on. It's really hard find out is item was buyed for normal price in dig amount, or it was just selling and no one want buy this item, and it's no sens to place order for selling.
Амаяк Рудик
I 'm not sure what you are asking. There is more detail available in the Price History tab. Also, websites like EVE-Marketdata.com have good statistics.
As for finding areas where fighting is happening, a website called Dot-Lan is useful for that.
My recommendation for trading is to start small and try new items, see if they work, if not drop them and try something else.?
Then slowly expand until you have 4 Alpha Clone Accounts with one in each Market Hub (Jita, Dodixie, Amarr, and Rens) You could even expand out further to smaller market hubs where volumes are much smaller but you can buy for far less than in Jita. Buy near War Zones and haul to Jita to sell.
First of all, I will not make 4 clones, because I play just my main hero for fun, not to real big profit and don't want fest plex without fun.
I craft items and sell them with 10-400% of margin and make this stable ;) And this is interesting - I'm not just reselling items, I made them and sell for real price not like others noobs(1KKK for garbage), so players take it and I still left in plus profit :) And this is fun and useful, bot.... in game statistic Price History have leerily information:
For example you see in tabs that was 2 orders and 400 quantity, bot that can means like:
1. someone sell 60 items and someone sell 340 items for ship price and NO ONE buy them. So this is not place for trading - in this station or even in all region this stuff is not needed!
2. someone sell 10 items for chip price to reseller like you in video ;) bot other 390 of quantity was BUY for +- normal price and that means this exactly item is popular there!
Bot Price History don't tell us exactly what means they tabs. If this mixed information of buy\sell orders and buy\sell quantity so this statistic kind garbage :(
Dot-Lan know, good site. Also know about eve-central.com
Try search in EVE-Marketdata.com bot I doubt that there are such information.
Maybe later, when I grow up in crafting, I will sell expensive Tech II stuff, bot now i have few position in market +- 2 kk ISK profit in a day without reselling and making clones. I even can buy resources for crafting and still be in profit :) I'm not run for easy ISK, plex end so on, I'm play in game and try have fun, make business, find contracts and fill like real space businessman what really helps someone and not just have his easy ISK for nothing :)
Not sure if this has been mentioned already cause I cant be arsed to read all the replies below. In the video, he said to go and do missions to raise your standing to lower your buying and selling costs. The fastest way to get you standing up is to train "Connections" in the social skill tree. This gives + 4% per level trained. I went from 0.32 faction and 0.51 Faction standings, whilst running level 1 missions for a couple of hours, up to 1.24 Faction and 1.83 Corporation, which should be pretty significant. I will keep training this for as long as I can afford, and run some level 2 missions to see how far I can get in another few hours.
As an alpha clone, I find it way, way easier to jumpstart your Jita market career by starting your trading with skilbooks. The reason being that the cheaper skillbooks have profit margins of over 100%, sometimes even more, if you buy them at schools 2 jumps away. And after a quick round trip, you can start selling them right away. No need to wait for people taking your buy orders first. They all sell reasonably fast too, even the T2 and capital skillbooks that have margins of millions on them, easily sell in a day with little monitoring.
Also for the other, slower markets are skillbooks a good early trade investment in my experience, if you do a good dubbelcheck on trading volume that is. The reason being that for quite a few skillbooks there are simply no competitors on those markethubs. So for a Tech 2 skillbook bought at a school 2 jumps away for 5 million ISK, you can actually set your own price and sell it the same day for double the price at your local market. That's easy money in the beginning, especially if you're into slow trading.
Only after I gained a few easy million ISK from high margin skillbooks, I started shifting to quick turn-over buy orders with lower margins. Btw, the Burger method for analysing market graphs really helped me well with this: wiki.eveuniversity.org/How_to_identify_items_to_trade.
From a trading perspective, it's also highly recommended in my experience as an alpha clone to do active PVE and PVP on your other accounts. Because only then you get a good insight in which goods are often used in fighting and therefore in high demand on markets.
Eve Pro Guides. Great resource worth a sub. Spread the word so EPG can reach/exceed 10k subscriptions.
Thanks, I appreciate it. Not to far to go before 10k Subs. I'm thinking a week or two at my current rate.
Not sure if this is in the comments already - I always use copy and paste to set up and modify orders, no need to type every digit of the prices by hand.
For a buy order - make a fake buy order on the top item, the price is already in the field and can be modified by the mouse wheel or the arrow keys
For a sell order make a fake buy order on the top item and select "Advanced" to get a copyable price field.
It was nice watching this video. His channel has been dormant for over a year. No Eve vids in two years. Wonder why he quit. He was fairly good.
Real Life got hard and I burnt out. I have tried to play again but so much has changed I can't get the same fire I had. Glad you like the videos, I'm happy I gave something back to the game I loved for so long.
@@Eveproguides Good luck bro, sometimes the real world hits us all.
Thank you for all your great training videos. Very much appreciated.
This is a really good guide on how to use the Market but I'd not really encourage New Players to think they are going to be making billions in no time.
One thing I will re-emphasize here - because I constantly see evidence that people do not understand this - is that on a Sell Order - the Low Bidder - will _ALWAYS_ get the sale. The game will not ALLOW you to to buy from anyone else but the low bidder. You can pick one of the other bidders prices - but the sale WILL go to the person with the low bid - just at the price you elected to pay. Sometimes I have seen items listed for sale for millions of ISK - when the price they were selling at was vastly lower. On occasion - where I was the low bidder - I made millions of ISK off a cheap item I was selling for hundreds - because someone had accidentally clicked on the wrong item - and paid like a million ISK for it - and all that money went to me - not that smart ass who put that item up for sale at that price - because I was the low bidder. I would usually check the age of the character who had made that mistake - and if they were new - give them their money back.
If you look at the items that OP was buying and selling - these were things he knew from experience were good things to buy and sell - and - he new what his margin had to be to make it worth while. The problem here - is that this stuff changes all the time. What was a really good item you could make a lot of money off of ... not that long ago ... can become something you really want to stay away from.
One factor in that is the Band Wagon Effect which you will see throughout EVE and IRL. Something is REALLY good to do - so - EVERY BODY starts doing it - and after a while ... it's no longer such a good thing to do.
Now - one thing about those 4 Alpha Accounts - where you put one in each trade hub - that gives you 8 other characters you can create. One of the things you can do is have some of then doing entirely different things.
Another thing you can do for Trading - is have some of them located at spots where they can readily jump between Regions. The Market only shows prices for one region. Sometimes people don't check what the price is for something in a neighboring region - and if YOU do - you can make some real money that way. You just need to be able to haul things from one place to another. Here you want to be familiar with what the price differences are - and - how long it's going to take you to haul what you buy to where you can sell it.
Now - the next possible step in the above process - is dependent on what you want to do. If what you want to do is maximize the money you make off of your sales - then setting a long term sale of a large number of items may be the way to go. If what you want to do - is get a quick turn around on your money - then selling to buy orders will give you that immediate turn around.
One of the first things I did trading - was to note that there was a substantial profit to be made buying a specific thing in one region - jumping a few times to get to another - and then selling it immediately. THEN I took the money I now had - went back to where I'd gotten the items and bought more of them. THEN I sold them - and took the money I now had - and went back and bought STILL MORE. I plowed my Hauler back and forth between my seller for these items and my buyer until I'd bought and sold ALL of them - something I wasn't even close to being able to do all at once - but - turning my money around with every load - I was eventually able to do that.
Here - I was Selling Immediate - which some people will tell you is anathema to traders - but maximizing my profit over time - didn't matter. What mattered was the rapid turn around of my money - which allowed me to substantially increase my Capital. Whatever I could have made over time - by rapidly turning my money over - I was able to quickly increase my Capital.
The problem with doing this - is knowing to do it - knowing that there is an item that you can do this with. There usually isn't.
There are a lot of "Games Traders Play" and I don't think for a second I know them all but there are a few things they can do.
There are a couple of ways the can seek to gain control of a market.
One way is to lower the price on items until your competition is forced to lower their prices as well if they are ever going to see a sale. You work them down until you think the time is right - and then you buy them all out and jack the price back up to where it had been. This, of course, is a "it takes money to make money" strategy.
There is a counter to that though - wherein - you can either get the items much cheaper than you are ever selling them for - or make them cheaply. Here - what you do - is feed them until they choke. You post a really low price - and they buy you out - so you sell them more and more and more and more - until they have bought more of those items than they can EVER sell. You'll know you've won when they stop buying your stuff or changing their orders - or their orders disappear because they've moved somewhere that YOU aren't. At that point - you can go back to 1 Centing things without having to deal with that competitor.
Trust me - there are any number of "Games Trader's Play" and anyone who think's Trading isn't a PVP activity ... is wrong.
.
another good thing to trade are the exploration items,if youre prepared to wait. The turnover rate is pretty low so you gotta keep your order up to date but the margin can be as much as 250%.
you can have multiple accounts on the same email aswel, no need to have mutliple email adresses, i have 3 alpha's on my main email ;)
yes but its against the rules for an alpha to be on more than 1 account at a time
But doing trade you just log on trade then log off no need to stay online XD
against the rules to Dual Box with Alphas... not have multiple Alpha accounts.
1) You can have as many Alpha Accounts as you want.
2) You can use the same E-mail Address for all your EVE accounts - because - with EVE - you have a User Name that you log in with - not an email address. Games where you login with an e-mail address and password - are going to limit you to one account per address because they are going to match your password to that specific e-mail address - but - since you log into EVE with a User Name and Password - passwords are matched to that User Name - not to the e-mail address.
3) EVE is designed to allow you to have multiple accounts running on the same computer - but - those accounts ALL have to be Omegas.
4) When running an Alpha account - you can only run that one single account. You cannot run another Alpha Account - OR - an Omega Account at the same time.
.
Cool video! I started as a complete noob a week ago, and got fed up with the low payouts from the regular missions, so i did the Epic Arc missions, which ended up with 15m ISK. All nice and well, but i didnt make money after, so i tried mining, which took forever. Then i tried High buy vs low sell between systems. Too much risk, too slow. Then i started exploring, and that is the way to go for a noob like me. 360m ISK in 3 days, roaming null sec and wh. Scary shit, because they find me a lot, but heck its awesome when you hack a 15m ISK for the first time.
Maybe that would be a great point in time to start doing what you do...
Yep, sometimes you find 70 million in a single can.
It actually wasn't a mistake. He was selling to buy orders, but the top buy order couldn't fully fill his order so it auto-list them as sell orders. This means his only mistake was not choosing immediate when selling to buy orders because he paid brokers fees when he didn't need to (brokers fees go away when choosing immediate instead of a timeframe).
Was just going to say the same thing. I've done this IDK how many times. Caught it last week. Never will happen again.
Awesome Video. I tried trading, and lost isk. I didn't know what I was doing. No I think I have a better understanding of the in game market.
I would have canceled the Vespa II to get more X5's. Still, very informative.
dang i'm such a newb didnt know about trading hub's, do now thanks to your vid thank you:)
The best place to sell AM small ammo is to go to the Gallente career agent stations since newbies just autobuy them
@35:20 you give the wrong explanation on what happened and why that item was priced so low. You assumed it was because the seller messed up, but what really happened was that the seller had more items in his inventory to fill that buyorder and the remaining items are then put up for sale automatically.
what?! only 80+ views? it's been 20 minutes since I seen the video in my list. good video anyways
Thanksgiving night, so a little slower than normal. It should do better tomorrow.
EVE Pro Guides - EVE Online PVP and ISK Guides Yup. Americans and their late thanksgiving. the video is now 600+
the chat is hilarious
I paid more attention to it than the video
Nice video, man. I will try it
Hello there! I hope you are still arround to help me with this question: Is this still viable with the changes of Advanced Broker Relations? Because a lot of people is saying that, with this change, now it is impossible to do this and I am worried due to thw fact that I was about to start doing this...
Thank you in advance!
Hey buddy, im a newb too. im just wondering if you get the answer for that? I wana try this method aswell. Also, my in game name is Adam0914 Bok, we can explore these things together if you want.
@@doomdobidoo1793 hi there! No, i didn't received any response yet.
But your kind offer sounds great! I will add you in the game and send you an email ingame to let you know who I am and start breaking this together :)
@@Taoscuro3003 In playing EvE ... you want to think very carefully about people offering to do you favors ...
.
Thanks for the strat but I've been playing for years and prefer the more common strategy: buy high, sell low😏
That is also what I am doing.
One way you can make a good amount of starting isk is putting as much insurance as you can on the frigate that gets destroyed in the tutorial
2019-2020 does this still works? And what kind of bases I must dock to get minimum taxes?
You mentioned using 4 accounts to set up one trader per hub, but with 3 pilots on one account you could set up one alt in each of Jita, Amarr, and Dodixie with one account
If you could list the trading hubs for each faction on the video description that would be great.
What is your most profitable trade hub?
A great video. Making good ISK as an Alpha is not easy, I mine to get materials to make things for sale as well as market trade, I seem to do ok in Dodixie.
Thanks for your excellent videos. I realise this video is quite old now, but as a new player and assuming nothing substantial has change since then, what do I do once I have 4 alphas with plenty of cash? Can I consolidate that profit in my main character some how to fund his travels, plex the account etc. and if so, how?
I have placed buy orders for everything you suggested here and nothing. Absolutely nothing... I'm still waiting for just the ONE stinking salvager or whatever to come in from any of my buy orders. Let alone sell something... It doesn't work at all like you show here... What am I missing..?
Is there any difference to making another character on the same account instead of another entirely different account?
you can't log chars from the same account simultaneously.
The minimum sales tax I can get is 5%. Add to that the >3.5% cost to buy and sell at a station means that I need more than 12% markup to break even. Has there been a change in sales tax since this video or am I missing something?
And most importantly, don't forget guys: If you don't enjoy it, DO NOT do it. It' EvE, there are tons of things even alpaca clones can do to earn money: Exploration (relic sites), gas harvesting in wormholes, scanning down with combat probes ppl doing missions in Battleships/Marauders in Osmon or other popular mission hubs, warping to them and salvaging the wrecks (10-30 mil per hour easy for a noob). Google around or ask in Eve's help chat channels, there are tons of things to do. Or rather stop being cheap and buy a subscription.
thx video! great Guide for make isk!!
Very good video. Thanks m8
You can sign up multiple accounts on a single email address I thought though
A common mistake is that people think they are selling immediately, but they're placing a timed sell order instead and may not notice for a while.
What are the good stuffs that sell fast?
Damn nice thanks. Btw have you ever tried chart analysis in eve?
What order time limit do you recommend when putting in a buy or sell order?
Hello, i recently started to trade but i really have troubles making money with it... I get 0.01 ISKd all the time, even on orders where nearly no sell orders are... I dont even trade in Jita... Do you have a suggestion to this?
Thanks!
Is there a way to find out which items are selling quickly, or sold the most in the station I m staying
Hi, I'm trying to do this at Amarr trade hub, there are actually 1000 players in local, but no one is buying or selling anything to me. I'm only buying stuff if there is that 20% difference between buy orders and sell orders and I'm only buying stuff used in pvp. Is there something I'm doing wrong? Or is it that I just need to be more patience?
Depends alot of the item and whether you are the lowest/highest order. Some items have very low turn over but things like Cap Booster Charges, Faction Ammo, and Light Drones have a pretty fast turn over. Double check and make sure you are setting your orders up correctly. Beyond that, let a day pass then check them and you should see some good turnover.
EVE Pro Guides - EVE Online PVP and ISK Guides You were right, i just checked the market and all of my orders have been fulfilled. I just needed to wait :D
I have one more question, is it better to go for quantity or quality when buyin/selling stuff? I mean, what is the best option, buy/sell 10 expensive items or 200 cheaper items?
Thanks for the help!
More items in lower quantities will turnover faster in most cases and get more profit.
Okay, thanks for the info, and thanks for this amazing video!! (i got 10 million isk today :D)
Can you sent money from one acc to another acc? Because if you do it with for chars you need to have Another account
I like your voice, you remind me of bob ross when you speak.
Very helpful guide! If I have an alpha account would you suggest using a second character on that account so I can train some skills to get broker fees down?
you can't train 2 chars on the same account .
they cant learn skills at the same time unless you pay for it
im trying to calculate how you do the margins but i cant find out how you do it could anyone help me with that please.
Thanks for warning newbies off of trading in Jita. That will leave more for us who actually know what they are doing.
Though its late....maybe, it is a very good advice, how to trade.
Thank you!
Pro Tip: Gmail (and probably a few others) don't recognize periods in email addresses. So it your email is bob@gmail, you can make another alpha account using b.ob@gmail, another using b..ob@gmail, etc and they'll all go to your bob@gmail account. Although you'll also probably get multiple copies of EVE spam as well.
nice video! but why though, it seems like doing explo/ratting would turn higher profits than playing the market (right?) Idk, been playing for like a month
You can do that and passive market making at the same time.
question, I noticed you were only comparing prices of your station, was it coincidence that other stations weren't in the list (aside from the citadel)? and do the other stations in the region affect the prices that you would sell them at?
Yes, coincidence. Jita 4 has the best prices (lowest sell- and highest buyorders) for most things so they'll appear on top. Since most people are lazy don't bother trying to undercut lower orders from somewhere else within the region. If it's really low you may want to buy and haul the stuff to jita though.
Awesome thanks.
Thanks for this great guide. I have around 400/500 mil and want to start trading, but dont want to trade in such small volumes. Do you have any advise for medium level trades? Should I go for high volume like ammo, or expensive individual sales?
It scales the same for more expensive items and high volume low margin stuff. In general as you get more ISK you want to expand into more total open orders (more variety of items).
The main thing to watch out for are items that are very low volume and easy manipulated and uncommon items. You really want to focus your trading on items that are bought and sold often, but just more of them and at a higher price.
One way to do that is to buy and sell T1 Ships because pilots often "trade up" which makes for a nice profit for Destroyers, Cruisers, and Battlecruisers.
thanks.. that helps alot
I’m in jita and nothing is selling right now idk what to do
IMPORTANT TIP!!!: As an Alpha. Be careful when you're using big ISK on orders. When you place a big 'buy order' you're already paying a 5% tax at best. So if you change your mind because the competition is too tough or you don't like it anymore and you take the order down. You're going to lose a lot of ISK fast.
Can't you skip brokers fees on buy orders by placing them from a 0% tax citadel? (Called "offshoring")
I think the only remote trading skill Alphas get is Marketing, which is just for sell, so I'm not sure how viable it is for a Alpha Clone.
Yeah, you can. You don't need any skills for it either. Just set a buy order centered on the citadel (ranged buy orders use the broker fees of the station you are setting it at anyway) with 1 jump range, 1 jump away from Jita. I don't think there are any citadels with 0% broker fees within 1 Jump of Jita currently but the Perimeter one has 0.1% which might as well be 0 for someone with the limited trade volume of an alpha clone.
This only really works in the large trading hubs, best of all Jita because most people will sell their stuff there anyway so you don't need to haul anything. Some of it will end up in some of the other stations but Imo that's well worth the 2.5%+ savings on the broker fee. Just get a cheap industrial and move the few things that don't get fulfilled in Jita there every so often.
14:15 exemple uh ? XD you got a new sub :-)
You would make more looting wrecks in narj
What do you think is the minimum isk requirement to get good going in markettrading?
500,000 is enough to start but you returns are based on how much you invest. However the smaller the amount the faster it grows because it's very easy and fast to turn over.
Thank you, I think I'll start with a 10mil or so.
second comment just as a tip: get vmware use linux on it put eve in wine and then you can dual box by running 3 virtual machines and 1 normal (as you run windows allready probably) and you can get 4 alpha's online at once... beware though that this is an violation of the rules.. running them trough a proxy makes you safer but not less illigal :)
No need to break rules, just log in one at a time, update, log out, repeat.
EVE Pro Guides - EVE Online PVP and ISK Guides to be fair eve without cross training and dual boxing isn't eve online... at least let them taste one of the 2 ghehe
if you open multiple launchers at the same time, then fast click on all of them, as in click click click whitout a pauze, all of your chars wil log in, if you wait a little to long with lets say the 3de char, its gona pop up that you need a omegha clone, but if you do it fast enough . you can multi box alpha clones on the same pc
gaming with egoon VMware makes it so the guessing isn't there.. and it als doesn't make it so easily traceble if done right thus less chance of getting banned xD
does this still work?
#Flippingoldschool Up to date market analysis for profit in popular games gets a lot of views! Teach us more about the current market!
PLEX prices have gone up a lot since this video.
When im rich in eve I will be capable of becoming a CEO.
Say "alright alright alright"
alright alright alright... yw
Dude, fuck my life. I was searching for a game with some sort of stock-market and damn, i guess i found it!
so let me get this straight, first you talk about how you want at least a 20% margin on the salvager thingy, the next thing you do is put up a cap Booster buy order for 106K where the lowest sell order is around 117K .... did I miss something here?
I mean it's probably still above break even... but just saying ....
Ok lol, I hadn't watched it past that point yet, but then you came to antimatter ammo and found out yourself ;-). I do feel like your presentation could be condensed a bit and focus more on explaining things (why this stuff works for example, what can happen depending on how sales + buys go and why they would/could go either direction) ... still enjoying it though, no worries! (I haven't played EVE in years..., but interesting video!)
I make it a point to not buy from anyone that cuts their sell orders to one cent lower than the cheapest person. I just pay that extra cent because fuck that.
I’m probably move to dod
can you teach me math now? lol... also i forgot the "formula" for buying and sellling, so can somone tell me what it is
MesMerWolf Sorry for the necro reply but I'm pretty sure you're looking for this:
Buy price - Sell Price = Profit
Profit / Buy = %Profit
Fair warning this is very basic and does NOT cover brokers fees and the like.
Also it doesn't take sell volume into account, but make sure you make sure what you're selling will actually be a moving product haha. You can gauge that by looking at the daily average orders on the price history tab.
Oh and a cleaned up version of the formula because I'm pretty OCD:
(Buy -- Sell)/Buy = %Profit
Duski Pls oh OK thanks, I don't even play the game anymore so it's fine lol
Station trading is the easiest way to make a fortune. However, it is going to consume your soul. It's super time consuming, and extremely boring..
ow ma gawd...
i was discussing this with a friend of mine.. how viable is this actually for an alpha?
**Edit** figured i should be a bit more clear: i have a few bil laying around... so i can start with it somewhat big :P
It's designed for Alpha and completely viable. The way around the Market Order Limitation is to create more free accounts. As I say in the video one of each race in each races market hub.
EVE Pro Guides - EVE Online PVP and ISK Guides aight, thanks for convincing me to try it ghehe^^
This just became a 2nd job.
You would made more from mission :D
At the start yes. But you can use missions to get yourself a good chunk of capital, say 100 mil (or more), then start trading with it.
5000 would be 10% of 50k
DECREASE ALPHA Rights!
Fuck you you fucking absolute dickhead.
Lol that is above your pay grade. yet thats what i am doing haha
Space trucker...
HRGG! All the numbers are confusing me! ima just list what I understood :
-Look for "profitable" item, which is considered that when,
--the highest buy order + 10% < lowest sell order
- primarly look at highly used items
-look at items PvP-Players or Alphaclone-Players use
-I will at 100% only do passiv trading, bc im in nullsec Corp space and bc I am an Alpha clone
Thats all I got from this video, pleeeease add other stuff I need to know (!) and as critism, you use too many difficult words for most new players. Yet still helpfull
Too much math, back to mining
This is scum to attract new suckers in zero sum game
So funny! Because you're too stupid to know how to trade for profit you lash out. Classic asshole.