Before we start getting
into the actual buying and selling, the last thing you will need to
consider is your trading capital. If you have too much capital, you
might tend to be over zealous and take risks when you shouldn't but
too little capital would also be detrimental and limit your growth
and profit potential. How much capital would provide a good balance
between the two?
There is no right answer for everybody but let me consider it from the point of view of a trader who is just starting out. For that trader, I would say that a starting capital of 500 PED would be a good starting point. With this capital, you would be able to place some bids at the auction, buy a few batches of resources and items and still have some PEDS leftover.
A starting capital of 500 PED or USD 50.00 might seem a lot to invest into a game but if you are serious about making some money, it is a small price to pay to jump start your trading career and get a feel of the market so that you have a good idea if this is for you and its profit potential.
If you really can't or won't invest 500 PED, might I suggest at least 100 PED? Of course you can earn your trading capital in the game by sweating, but it's boring, takes up a lot of time and frankly, a pure waste of time. Your time is better spent understanding the market in Entropia, and looking for profit opportunities, whether in Entropia or elsewhere.
As they say, time is money. Your small investment either shortens the time it takes for you to get started or, if this is not for you, allows you to fail faster, so that you will not waste time here and move on.
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There is no right answer for everybody but let me consider it from the point of view of a trader who is just starting out. For that trader, I would say that a starting capital of 500 PED would be a good starting point. With this capital, you would be able to place some bids at the auction, buy a few batches of resources and items and still have some PEDS leftover.
A starting capital of 500 PED or USD 50.00 might seem a lot to invest into a game but if you are serious about making some money, it is a small price to pay to jump start your trading career and get a feel of the market so that you have a good idea if this is for you and its profit potential.
If you really can't or won't invest 500 PED, might I suggest at least 100 PED? Of course you can earn your trading capital in the game by sweating, but it's boring, takes up a lot of time and frankly, a pure waste of time. Your time is better spent understanding the market in Entropia, and looking for profit opportunities, whether in Entropia or elsewhere.
As they say, time is money. Your small investment either shortens the time it takes for you to get started or, if this is not for you, allows you to fail faster, so that you will not waste time here and move on.
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