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Trading stocks beginners guide reddit
Trading stocks beginners guide reddit










If the number matches, then it's the right person. This is the number that you will see at the end of your Steam profile link if you do not change it yourself through the options.

trading stocks beginners guide reddit

  • Check his Steam64_id: those offering middle-manning services display this number.
  • Anyone with a similar account claiming to be a middle-man, but with much lower Steam level is an obvious impostor.
  • Check his steam level: most middle-men have a high Steam level, the number you see in the top right.
  • Yes, the impostor will run away with your precious skins, but only if you aren't careful. Keep in mind, ALL recognised middle-men have impostors, these are people who try to make their profile look like the middle-man's, and will subsequently sever all contacts with you in the middle of a transaction. SafetyIn this example, we have a recognised member of the SteamRep community, GentlemaN Simply join the CashREP Steam group linked above, and follow the instructions. I'd also advise setting up a CashREP thread so the process becomes easier over time. These middle-men are listed in the /r/GlobalOffensiveTrade reddit sidebar, or you can contact a verified SteamRep middle-man. It is recommended that you always find a middle-man before continuing with a cash transaction for your own safety. While these transactions have their risks, buying keys through Paypal tend to be cheaper than buying from the in-game menu screen. The "+rep" comments on the profile do not count as cashrep and mustn't be confused with cashrep. It is recommended that you deal with people with a lot of reputation within their thread. This can scare anyone new to trading.ĬS:GOREP is an extremely important group to check if you plan on making a cash trade, each user can register his/her own "cashrep" thread in order to build up reputation for each transaction they make. Many people have been scammed/tricked out of their items, losing a fortune. Posts advertising Paypal or Bitcoin transactions are common, while the integrity of the buyer may be questionable. Factors such as market price fluctuation also affect the value of skins, whereas the price of keys will remain at 2.5, making it a much better storage of value and medium of exchange. See trading with keys as buying something from a flea market with money, whereas 1:1 trading is literally barter, where you compete with another trader with the same goal (making profit) as you. Many traders will liquidate their items into as many keys as possible before starting to trade, thereby increasing their purchasing power, allowing them to afford more expensive and more highly demanded items. Observe a trend in prices for an item and you will quickly familiarise yourself with general prices for items.

    trading stocks beginners guide reddit

    Useful sites for determining the price of an item include SteamAnalyst, the Steam Community Market and other trading sites in general. However, note that if the user you're buying from is selling his item in keys, you shouldn't expect him to lower his price just because it's more expensive in your currency. Note that this only applies to items priced in USD, and that you will have to do the same equation with your item, except using the price of your items and the price of keys in your currency.

    TRADING STOCKS BEGINNERS GUIDE REDDIT FULL

    It is important to remember that traders will not pay full price for your item in keys, unless your item is special. The price of your item in USD divided by USD2.5 is the price of your item in keys. Once you have accumulated a good amount of keys, it is a good idea to move on to include Reddit.Įach key is worth USD2.5.

    trading stocks beginners guide reddit trading stocks beginners guide reddit

    You can find your trade link by going to and copying the link displayed in the box. It is the much better alternative to the live chatbox trading window, where some people fall victim to bait switches, a common scamming technique where the other party will switch out the item in the trade window for an item of much lower value. Remember to put your trade link on your profile, this lets members of the community to send you trade offers without having to add you. This is important if your item is worth less than a key. On the other hand, traders starting off with a couple dollars may still fare better, as the items become more visually appealing, leading to a higher demand. Everyone is looking for profit, don't forget that. This is because low-tier item trading is filled with people just like you. If you're planning on starting with a couple cents, you may find yourself frequently stuck with items nobody wants, or even sometimes trading at a loss. The more you spend on items for trading, the easier trading will become. There's no way you can get started without any initial investment.










    Trading stocks beginners guide reddit