How to become a trader? It's easy, you don't have to do anything for it. If you ever used the marketplace, you are a trader. The bad news is that you are a trading in the same sense as a Hulk pilot is PvP-ing during Hulkageddon. If you play EVE, trading is just as unavoidable as PvP. You can act like it's not important, but it only result in you being ganked. The good news is that you can learn it without any capital, investment or anything, just with your ordinary trades.
What makes one poor on the marketplace? Impatience and inability to plan. These manifest in the two cardinal sins: buying from a sell order and selling to a buy order. Whenever you do these, you lose money. Sometimes not enough to care. I do buy from sell orders when they are close enough to buy orders to give a damn. But this is dumb:
The first step is thinking ahead of you. Do you fly a Rokh? Then you'll need Rokhs. So instead of buying an overpriced one when you are podded back to your staging system, how about setting a buy order a few days before? If you could wait 3 months training to fly a Rokh, you can wait 3 days to get one much cheaper. If there are no buy orders, check the price in Jita (if you don't have a Jita alt, you are dumb), and set a buy order 10-15% below it. Not deeper, it will never fill. Do the same if there are laughably small buy orders. If there are already buy orders above Jita-15%, set above the highest by 1-2%. Not 0.01, that just get re-0.01-ed. Let's say a Rokh is 250M in Jita, lowest buy is 210M, set yours to 215M. Check it a day after. If it got "overcut", set it to 220M and so on. Sooner or later it'll be high enough for someone to sell. If you are not planning to transport from Jita or manufacture it or whatever, continue elevating the price after the Jita price. Same goes for sell orders. Don't sell to a low buy order, set a sell order 20-25% above Jita, cut it every day until it sells. Again: if you don't plan to transport it yourself, continue cutting under Jita prices.
The second step is manufacturing/transporting: you want the item, but your buy order does not fill, despite it's high enough for profitable transportation. But no one wants to transport or manufacture it. Step in! Check the hauler services available or haul yourself if it worths your time. This way you can get the item cheaper than accepting a high sell order. Again: it needs time, so doesn't help you if you are in the hurry. Don't be in the hurry, plan ahead!
The third step is what really makes you rich: if the first and second steps saved you money, it will save to someone else too, and he will pay you. You can buy one item from buy order or transport it for your own saving. Why not buy or transport more and sell the ones you don't need? This answers the most annoying question I use to get: "what items are good for trading?" The answer is "anything you get for yourself"! After all, you know at least one buyer: yourself. Unless you are doing something exotic, there must be many others like you. Every time you want to say "damn this price is a ripoff", you found a profitable trading niche! Under/overcut that price!
Remember, every time you are buying from a sell order or sell to a buy order, you are losing money. Becoming a billionaire needs nothing else than be the guy who has these orders.
What makes one poor on the marketplace? Impatience and inability to plan. These manifest in the two cardinal sins: buying from a sell order and selling to a buy order. Whenever you do these, you lose money. Sometimes not enough to care. I do buy from sell orders when they are close enough to buy orders to give a damn. But this is dumb:
The first step is thinking ahead of you. Do you fly a Rokh? Then you'll need Rokhs. So instead of buying an overpriced one when you are podded back to your staging system, how about setting a buy order a few days before? If you could wait 3 months training to fly a Rokh, you can wait 3 days to get one much cheaper. If there are no buy orders, check the price in Jita (if you don't have a Jita alt, you are dumb), and set a buy order 10-15% below it. Not deeper, it will never fill. Do the same if there are laughably small buy orders. If there are already buy orders above Jita-15%, set above the highest by 1-2%. Not 0.01, that just get re-0.01-ed. Let's say a Rokh is 250M in Jita, lowest buy is 210M, set yours to 215M. Check it a day after. If it got "overcut", set it to 220M and so on. Sooner or later it'll be high enough for someone to sell. If you are not planning to transport from Jita or manufacture it or whatever, continue elevating the price after the Jita price. Same goes for sell orders. Don't sell to a low buy order, set a sell order 20-25% above Jita, cut it every day until it sells. Again: if you don't plan to transport it yourself, continue cutting under Jita prices.
The second step is manufacturing/transporting: you want the item, but your buy order does not fill, despite it's high enough for profitable transportation. But no one wants to transport or manufacture it. Step in! Check the hauler services available or haul yourself if it worths your time. This way you can get the item cheaper than accepting a high sell order. Again: it needs time, so doesn't help you if you are in the hurry. Don't be in the hurry, plan ahead!
The third step is what really makes you rich: if the first and second steps saved you money, it will save to someone else too, and he will pay you. You can buy one item from buy order or transport it for your own saving. Why not buy or transport more and sell the ones you don't need? This answers the most annoying question I use to get: "what items are good for trading?" The answer is "anything you get for yourself"! After all, you know at least one buyer: yourself. Unless you are doing something exotic, there must be many others like you. Every time you want to say "damn this price is a ripoff", you found a profitable trading niche! Under/overcut that price!
Remember, every time you are buying from a sell order or sell to a buy order, you are losing money. Becoming a billionaire needs nothing else than be the guy who has these orders.
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