Hi is there a trading guide anywhere. I can't seem make any money at all. I assumed that if you want to earn some you have to buy cheap sell for more. therefore following the exportation lines from one station to another you expect the receiving station to pay more but it doesn't seem to be the case...? Also how can you tell how much a station is going to pay for something if you haven't visited it? Thanks
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Newcomer / Intro Tradin
- Thread starter Templar245
- Start date
Maybe this will help.
http://elite-dangerous.wikia.com/wiki/Goods
here you can see all different types of goods you can trade and where you can trade them to.
it is best if you take goods that are bellow the galactic average and transport them to a economic system that want that type of good.
http://elite-dangerous.wikia.com/wiki/Goods
here you can see all different types of goods you can trade and where you can trade them to.
it is best if you take goods that are bellow the galactic average and transport them to a economic system that want that type of good.
It is a little bit cheaty but you could try the site below. It is the equivalent of many Commanders sharing price data they have gathered on their travels so the prices are generally a day or so old. It can help take some of the guesswork out of trading until you find your feet. As hitkil1 says look for things below the galactic average (high supply) and look for somewhere those goods are in high demand.
http://www.elitetradingtool.co.uk
Another trick I use is EliteOCR. This allows you to take screenshots of the commodities page and "reads" the data into Excel files so you don't have to write it all down for yourself. This includes the supply/demand. Once you have built up a few spreadsheets you can look for high supply in one place and high demand in another and check if the profit will be worth it. This method helped me find a very profitable 2 way route between 2 stations in the same system that made me a lot of money.
https://forums.frontier.co.uk/showthread.php?t=68771
The most important tip I can give you is never, ever spend more than 50% of your money on goods as once interdiction or accident could lose you the whole shipment and leave you with nothing.
I only tend to trade in short bursts as I mostly bounty hunt but when I am in a trading mood these two help me manage what I am doing very well.
http://www.elitetradingtool.co.uk
Another trick I use is EliteOCR. This allows you to take screenshots of the commodities page and "reads" the data into Excel files so you don't have to write it all down for yourself. This includes the supply/demand. Once you have built up a few spreadsheets you can look for high supply in one place and high demand in another and check if the profit will be worth it. This method helped me find a very profitable 2 way route between 2 stations in the same system that made me a lot of money.
https://forums.frontier.co.uk/showthread.php?t=68771
The most important tip I can give you is never, ever spend more than 50% of your money on goods as once interdiction or accident could lose you the whole shipment and leave you with nothing.
I only tend to trade in short bursts as I mostly bounty hunt but when I am in a trading mood these two help me manage what I am doing very well.
I find a wealthy hitech industrial station planet with high population and base out of it as the hub for trade routes. High tech is the top of the food chain so a high tech industrial wealthy with high population will typically have serveral high supply and demand items from which to build your trade network. Also, look for trade routes with items that give you 700+ credits profit.
I took my starter ship and stripped her down to add more cargo holds. Even took out the shields. The money I made from selling the basic modules gave me plenty to buy items and start trading. Work you way up to hauler and strip it too to add more cargo space. Then cobra etc. a trader cobra can have 60 tonnes of cargo and still be very fast! If you mess up and lose your starter ship just redo.
Never put more then 50% of your funds into any one load of cargo. Bad things can happen!
Only do missions that involve moving items as part of your trade route. Combat, smuggling, Unidentified signal sources all can lead to fines or worse. Avoid them.
Once you have mastered trading and have a bank balance you are comfortable with you can then go buy a second ship for combat and fit it very nicely.
When traveling from the star to a station, move above or below the planetary plane so that other traffic going to or from your destination is above or below you. You can only be interdicted fro directly behind your ship. If you are above or below the main traffic you will easily see someone trying to get behind you. If you see them trying immediately drop out of super cruise so they lose you. I count to thirty (don't know if this matters really) then re jump into super cruise to my destination.
When approching a station in super cruise I like to come in from the direction of the nearby planet or moon. This will drop me out facing the entrance. I go to full speed and boost then ask for permission to land. About 2k out I max my power to shields and drop landing gear. This will slow you down fairly quickly. Line up on entrance as you approach. If you cam in fro Planetside then alignment should be simple. Drop to a speed you are comfortable with to enter station.
I do the same for outposts but finding the pad can be a pain if it's not on the side facing you. On outposts, beware of structure as you land and take off. It can/will kill you if you are not alert. When leaving just go up enough to clear forward structure an move forward straight ahead. I typically boost directl out from the station. Once boost is finished I then line up my destination.
Lastly, if you get the too fast warning, set your speed to middle of blue band and dip about twenty degrees below the destination target. As soon as you pass it pull up to make a tight spiral back to the target. The gravity well that made you go too fast now rapidly slows you down as you spiral back onto your destination. Easiest and fastest way to handle this problem. Even faster then nursing your speed to prevent the acceleration as you just close on your destination too slow compared to the spiral method.
Fly safe! Make lots of money! Have fun!
I took my starter ship and stripped her down to add more cargo holds. Even took out the shields. The money I made from selling the basic modules gave me plenty to buy items and start trading. Work you way up to hauler and strip it too to add more cargo space. Then cobra etc. a trader cobra can have 60 tonnes of cargo and still be very fast! If you mess up and lose your starter ship just redo.
Never put more then 50% of your funds into any one load of cargo. Bad things can happen!
Only do missions that involve moving items as part of your trade route. Combat, smuggling, Unidentified signal sources all can lead to fines or worse. Avoid them.
Once you have mastered trading and have a bank balance you are comfortable with you can then go buy a second ship for combat and fit it very nicely.
When traveling from the star to a station, move above or below the planetary plane so that other traffic going to or from your destination is above or below you. You can only be interdicted fro directly behind your ship. If you are above or below the main traffic you will easily see someone trying to get behind you. If you see them trying immediately drop out of super cruise so they lose you. I count to thirty (don't know if this matters really) then re jump into super cruise to my destination.
When approching a station in super cruise I like to come in from the direction of the nearby planet or moon. This will drop me out facing the entrance. I go to full speed and boost then ask for permission to land. About 2k out I max my power to shields and drop landing gear. This will slow you down fairly quickly. Line up on entrance as you approach. If you cam in fro Planetside then alignment should be simple. Drop to a speed you are comfortable with to enter station.
I do the same for outposts but finding the pad can be a pain if it's not on the side facing you. On outposts, beware of structure as you land and take off. It can/will kill you if you are not alert. When leaving just go up enough to clear forward structure an move forward straight ahead. I typically boost directl out from the station. Once boost is finished I then line up my destination.
Lastly, if you get the too fast warning, set your speed to middle of blue band and dip about twenty degrees below the destination target. As soon as you pass it pull up to make a tight spiral back to the target. The gravity well that made you go too fast now rapidly slows you down as you spiral back onto your destination. Easiest and fastest way to handle this problem. Even faster then nursing your speed to prevent the acceleration as you just close on your destination too slow compared to the spiral method.
Fly safe! Make lots of money! Have fun!
Hi thanks for all your help guys, but hittkill1 I've seen that list several times but can't seem to make it out or how to use it... I know I'm being a bit dense..