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6-12-2008 @ 3:38AM
Very good tips for anyone wanting to earn gold by arbitrage on the AH. I have been a dedicated AH trader for one and a half years and is currently approaching the gold cap. There are two extremely powerful ways to boost the gold/hour rate based on the advice in this guide: To increase the gold earning potential: Inter-faction arbitrage (requires two accounts on PvP servers). Firstly, the alliance and horde economies are not symmetrical. They differ in population, degree of farming specialisation and typical farming areas, maturity in PvE progression, etc. This means there is a natural reason for prices on items to differ. Secondly, every economy has natural fluctuations in prices. These can be exploited in a way where you buy at the low peak on one faction and sell at the high peak on the other faction. It requires item transfers via the neutral AH, mindful exploitation of the price differences and maintaining your trading balance (you do not want to transfer gold via the neutral AH due to the 15% fee). This method will present you with more numerous and worthwile arbitrage opportunities over time. To minimise your time investment: External software to visualise prices and arbitrage opportunities. Auctioneer is widely used but it lacks severely since it does not give you the timeline for prices. I have tried WoWEcon but it lacks in server-specific detail and I have had trouble working it into an efficient working process. What Auctioneer will do for you however is produce a .lua file with a complete snapshot of the AH including bids, buyouts, supplies and sellers. By importing this on at least a daily basis into Excel (it takes some VB work to write the parser and analytical processing) you get a tool that in ten minutes will present you with both the current AH data and the full price history. Combine this with your favourite item list (for instance the items mentioned in the guide) and do it for both factions two times per day and you have an extremely capable gold making machine. It allows you to exploit both short-term arbitrage within and between the factions as well as mid and long term arbitrage of items since you will know exactly when an item is priced below or above the price norm. Since the .lua files also contains the selling characters you can also collect statistics on who are the typical farmers or trading opposition of particular items. Information is king in every economy and it is the best way I have found to earn a lot of gold in this game without spending hours and hours and hours on it.
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