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Trading Post Basics

July 30, 2012 - 4:43pm -- Xerin
Guild Wars 2 Trading Post

Overview

Technically an auction house (for anyone familiar with other massively multiplayer games) the Trading Post is Guild Wars 2’s player to player trading system.  The major selling point of the Trading Post is the fact that it’s global, meaning all items bought and sold on it are across different Worlds.  In traditional style, the auction house is where players can buy and sell items at their own leisure without the need to trade directly with a player or find an NPC.

Unlike in other MMOG’s where you would be required to physically travel to an auction house to list your wares or buy from others, you can buy or sell from the Trading Post anywhere in the game world, meaning for players like me who find the whole system hugely addictive, the draw of making money is only a click away, regardless of where you are.

One thing that you should be aware of is the fact that you need to travel to the Trading Post to collect an item you have bought or to receive the profit from something you have sold.  I do find this a little odd as I can’t understand why the items or money earned aren’t mailed to you but I eventually learned the hard way by buying 5 Greatswords, thinking my purchase and personal mail was lagging.

For anything you do sell on the Trading Post there will be a 15% fee based on the items total sale price, which is a relatively large amount.

Buy low, Sell high!

The easiest way to go about selling an item on the Trading Post is to simply right click an item in your inventory and select “Sell at Trading Post”.  The Trading Post window will then appear in the middle of your screen and will display the various options available to you in terms of sale or buying price as well the value of other items in your inventory.

Under the “Sell” tab you will be able to specify your unit price as well as list the quantity of an item you wish to sell. Alternatively and often the easiest method, you can always choose “Meet highest buyer” which will automatically set the value you of your item based on the price currently set by the highest bidder at the Trading Post.  You can also select “Match lowest seller” which will only sell the item when a buyer meets your sale price.

Guild Wars 2 Trading Post

Based on my Beta experience there was never a shortage of players willing to buy even the cheapest of objects so rather than making your way to vendor with your items, take a look at the auction house first as you’d be surprised how quickly your money can stack up even when selling for a few copper at a time.

Under the “Buy” tab you’re able to search for any specific items you need but you are also able to rick click on the item in your inventory (similar to “Sell at Trading Post”) and select “Buy at Trading Post”.  Selecting multiple items from listings available will also provide a total price for the purchase or sale of the items with you then able to complete the action based on an offer you make or a seller’s willingness to part with their goods for the price specified.

Trending and Gem Trading

Two of the key elements of the Trading Post are trends in buyer and seller behaviour based on item values over a period of time and Gem Trading.  The first and arguably most important aspect for anyone intending to take the trading post seriously is Trending. Allowing you to track market data it lists everything from Top Trade Items to the pricing trends of specific items. Staying ahead of the game is all part of the fun in an auction house so analyzing this actively and reacting to it will be key in earning money.  

For example, if you see one specific item is selling well and you know how to obtain it easily and quickly, it’s a common tactic to scoop up all those items already being sold (if you can afford it) before re-listing them at an inflated price, bolstered by the additional ones you’ve obtained.  This will create a new market price people will have to meet if they don’t want to farm the item themselves.  Many people may frown at this tactic, but it’s incredibly common (and does work).

Guild Wars 2 Trading Post

Last but not least is Gem Trading.  Through the Currency Exchange window you can trade gold for gems or gems for gold based on the current market price.  The Currency Exchange window will also display recent gem sale prices, the average price as well as the highest and lowest over a period of time.  For anyone wishing to convert their gold or gems, it’s well worth keeping track of the market data rather than exchanging them instantly as you might get a little more bang for your buck if you play it right.

Trading Post Summary

  • The Trading Post is Guild Wars 2’s equivalent of an Auction House.
  • You can list or buy items on the Trading Post from anywhere in the game world by simply right clicking on the item, in your inventory.
  • Always check the Trading Post prices of items you have in your inventory before you sell it to a vendor, you might make more money.
  • If you have bought or sold an item from the Trading Post you will need to travel to the physical Trading Post (most commonly in Lions Arch) to collect your earnings or the item itself; it will not come to you!
  • Analysing Trading Post Trending is key to staying ahead of the market paying close attention to this will provide a clear indication of what players are after.
  • The total listing fee for any sold items is 15% of the total sale price.

 

ras.nadas
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You did not include the extra 10% fee in your article:
http://wiki.guildwars2.com/wiki/Trading_Post

Can send screenshot of proof, it was confirmed by anet that the extra 10% is intentional, but info about it not yet included in the UI. They claim that they will include info about it in the UI in the final release.

sylvinstar
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Yipes.  15% total, that's a nice gold sink.

Endrosz
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"One thing that you should be aware of is the fact that you need to travel to the Trading Post to collect an item you have bought or to receive the profit from something you have sold."

I think that's entirely intentional. That would create a lot of pressure on the mail system, if every single completed order would also generate a mail. Remember, if you sell, say,  20 copper ore, that's possibly 20 separate transactions!

 

Lewis B
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Yeah it really must be, which I think is better in many respects.  Considering their is no P2P trading, the mail system is going to be busy enough :) 

Akilles7
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I wasn't aware that this system it's global and that my friends is just amazing!

Owatatsumi
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Great article! Your articles will be very helpful, especially to those who weren't able to get a chance to play in the Betas. Why did you say the trading post was "most commonly in Lions Arch" though. I believe there is a trading post in each of the racial starting cities.

Sagax
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To specify, it's a 5% selling fee (non-refundable if you cancel) and a 10% tax for a successful sell. Also, the system seems to be identical to the one of EVE's but on a much smaller scale. Definitely has potential for economic savvy players.