Runescape
By Bazerk
@Bazerk (297)
New Zealand
May 29, 2009 10:51pm CST
Do you Watch the grand exchange prices on runescape. Its a good idea to as you Could end up getting heaps of profit from buying and selling at the right time.
3 responses
@winman (235)
• United States
30 May 09
I've played Runescape for a long time. The GE was a nice addition but its very hard to try and make a profit off the GE since your trying to buy something at a lower price while others are offering more, the chances of you getting it are like 1/1000. I suggest training a trade skill like my 79 fishing and just make money by sell raw materials (Non cooked/crafted items) on the GE for min price.
@naders (2)
• United States
7 Jun 09
I have played RS for about three years now and at first admired the idea of a GE but was disappointed with the ban on unbalanced trades. About half a year ago, I came across this one method of making a reliable 4% return per transaction. It was to buy glass vials at two coins below the market average and sell them for two coins above the average. According to some theories on the Runescape economy, commonly bought items such as vials are able to shift around in price during the day and not change much in the overall market price. By riding this oscillation of demand for the vials, i was able to make a total of 14, 000,000 GP in about six months of just a few transactions a day.
It is common to make money in the same fashion with all sorts of items. If you sell your accumulated supply of ores after a mining session as minimum price to avoid the wait, then you are giving your money away to the people who are willing to wait the extra time just enough to make money. Every little bit counts if you want to merchant items on the GE. And in general, when dealing with the Grand Exchange and maxing your profits on a skill, time is money. The more time you allow for a transaction, the more money you will make. But this of course is a generalization.