Play Now Login Create Account
illyriad
  New Posts New Posts RSS Feed - Trading For Dummies
  FAQ FAQ  Forum Search   Register Register  Login Login

Topic ClosedTrading For Dummies

 Post Reply Post Reply Page  <123>
Author
<Squill> View Drop Down
Forum Warrior
Forum Warrior
Avatar

Joined: 26 Jun 2011
Location: South Africa
Status: Offline
Points: 218
Direct Link To This Post Posted: 24 Oct 2011 at 13:31

Well now; cows are used in the production of saddles and leather amour. In fact: around double the amount of cows are traded on the market compared to horses. Now their price is determined by their demand.

Of course buying siege blocks is an example; they are extremely expensive to build; and selling them does not make any profit. So the majority of siege blocks sold on the market; are there because they could be sold. (Their price is determined by demand; which in turn is determined by how people are busy sieging, which no one is doing )   

Vets are the chief buyers of these product; - cows included. The wealth they are able to generate from tax is used to purchase these goods. So in essence the market is driven because of their demand...

Agreed; the guide will be updated in time. 

...
Back to Top
Koragg View Drop Down
Greenhorn
Greenhorn
Avatar

Joined: 24 Oct 2011
Status: Offline
Points: 67
Direct Link To This Post Posted: 24 Oct 2011 at 09:41
Originally posted by <Squill> <Squill> wrote:

 

The slow downward trend is related to newbies being able to build and sell cows when they enter the game; without much hassle, so supply is picking up. I doubt that this has anything to do with the production price; because unlike the our markets in RL; Illy's market is not profit driven to that extent; it's more the fact that it's there and you can trade on it; so why not?

The reason newbies build and sell cows is because it is the most profitable for the material expenditure and per unit (with a limit to how many units you can put in a caravan, that's important).  Compare: Horses.  Horses cost more resources to build, and yet sell for 1/2 the price (well, until the cow prices tanked).  You say that the downward trend of cows is because newbies can build livestock right away, however they can build horses right away, and we don't see the market flooded with them.

The market might not be 'profit driven' for veterans who have billions in the bank, but for new and new(ish) players who only have a couple of million, it is.

You list 'swords' as being more profitable than cows.  That wasn't true until very recently.



Edited by Koragg - 24 Oct 2011 at 09:45
Back to Top
<Squill> View Drop Down
Forum Warrior
Forum Warrior
Avatar

Joined: 26 Jun 2011
Location: South Africa
Status: Offline
Points: 218
Direct Link To This Post Posted: 24 Oct 2011 at 06:41
Originally posted by Koragg Koragg wrote:

Oh so THIS is the reason the price of cows dropped...Ermm
Oh well, according to market theory it was 'supposed' to happen.  Sale price was waaay higher than production price, hence economic theory states the market should have been flooded long ago, but that only just started happening now.

The price of cows for the last couple of months has been relatively steady( though at a downward trend). We have only recently seen a significant drop in their prices for the last three weeks. Related to demand it seems; however I think it's just temporary. 

The slow downward trend is related to newbies being able to build and sell cows when they enter the game; without much hassle, so supply is picking up. I doubt that this has anything to do with the production price; because unlike the our markets in RL; Illy's market is not profit driven to that extent; it's more the fact that it's there and you can trade on it; so why not?


Er- Thank you everyone for your welcoming remarks.




Edited by <Squill> - 24 Oct 2011 at 06:42
...
Back to Top
Kallie View Drop Down
New Poster
New Poster
Avatar

Joined: 24 Oct 2011
Location: Canada
Status: Offline
Points: 7
Direct Link To This Post Posted: 24 Oct 2011 at 04:23
Thank You Squill!!  Great guide and exactly the info I was searching for.

StarStarStarStarStar
Back to Top
Koragg View Drop Down
Greenhorn
Greenhorn
Avatar

Joined: 24 Oct 2011
Status: Offline
Points: 67
Direct Link To This Post Posted: 24 Oct 2011 at 03:08
Oh so THIS is the reason the price of cows dropped...Ermm
Oh well, according to market theory it was 'supposed' to happen.  Sale price was waaay higher than production price, hence economic theory states the market should have been flooded long ago, but that only just started happening now.
Back to Top
Celebcalen View Drop Down
Forum Warrior
Forum Warrior
Avatar

Joined: 18 May 2011
Status: Offline
Points: 288
Direct Link To This Post Posted: 23 Oct 2011 at 16:48
Originally posted by Nokigon Nokigon wrote:

A good guide, marred only by the approval of a troll.


...and a brownnoser   
Back to Top
Henrii StormStar View Drop Down
New Poster
New Poster
Avatar

Joined: 12 Oct 2011
Location: US - Tennessee
Status: Offline
Points: 24
Direct Link To This Post Posted: 23 Oct 2011 at 15:32
This guide is very helpful and saves a lot of trial and error.

Thanks Squill :)
Back to Top
Nokigon View Drop Down
Postmaster General
Postmaster General
Avatar
Player Council - Historian

Joined: 07 Nov 2010
Status: Offline
Points: 1452
Direct Link To This Post Posted: 21 Oct 2011 at 18:07
A good guide, marred only by the approval of a troll.
Back to Top
Celebcalen View Drop Down
Forum Warrior
Forum Warrior
Avatar

Joined: 18 May 2011
Status: Offline
Points: 288
Direct Link To This Post Posted: 21 Oct 2011 at 18:03
Originally posted by Kilotov of DokGthung Kilotov of DokGthung wrote:


Originally posted by Celebcalen Celebcalen wrote:



A good guide!

said by a poor player whit even worse social skills.
may stop your always OT , whit no constructive propose and hardly funny posts?



Stop trying to twist things Kilo.
Back to Top
Kilotov of DokGthung View Drop Down
Postmaster
Postmaster


Joined: 07 Jun 2011
Status: Offline
Points: 723
Direct Link To This Post Posted: 21 Oct 2011 at 17:10
Originally posted by Celebcalen Celebcalen wrote:



A good guide!

said by a poor player whit even worse social skills.
may stop your always OT , whit no constructive propose and hardly funny posts?

Back to Top
 Post Reply Post Reply Page  <123>
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 12.03
Copyright ©2001-2019 Web Wiz Ltd.