Trying to understand [exex

[Chronos69]

Ok, let's say I have 10.000 Shadow Iron ingots I farmed and I want to sell them through [exex.

Well, I have the option of selling it directly. 23g each ingot. So I would recieve 230k instant.

By other side, if someone wants to buy 10k of Shadow Iron ingots, has the option of buying them instantly, paying 60g for each. Wich means 60k.

The difference between both instant options is 370k. If I sell, and other guy buys... Where do this money go?

Another thing. I also have the option of create a sell order. Ok. I can choose to sell my 10k ingots placing my own price. Let's say I want to sell them for 50g/ingot. 10g less than the instant-buy option.

When will be my selling order complete? Will the instant-buy price change since I place a cheaper option? I wont be able to sell my ingots until someone places just the exact buy order (10k shadow iron ingots for 50g/ingot)?

I already read the wiki, but it still unclear for me how this works.

[Possum12]

The only way to sell for gold immediately is the sell directly option, which I find is usually a ridiculously low value - personal opinion only of course.

The other option is buy directly, which is for those people who want to buy quickly and are prepared to pay that asking price.

If you want to try and sell to people through the buy direct option you have to create a sell order for the price you are wanting to get. This method you get no money until someone actually buys them. So could be some time this way.

Not sure how price matching exactly the lowest buy direct order works, but I imagine if you just match it all the other orders for that value would sell before yours would sell.

If you list at 50, yes the buy direct price shown will change to show yours. The whole 10k doesn't have to sell to start getting some gold back. Someone may just buy 1k say, you get that cash as soon as it sells, the entire order does not have to sell first.

[culichi]

wiki is a good place to start there is a section that tries to explain how exex works

http://www.uoex.net/wiki/ExEx

the economy is a little sluggish lately but shadow & dull copper ingots have always been in demand before so it probably wont that that long to sell theres no reason to sell them cheap

[Chronos69]

If you want to try and sell to people through the buy direct option you have to create a sell order for the price you are wanting to get. This method you get no money until someone actually buys them. So could be some time this way.

Ok, so in my last example, if I place my 10k ingots for 50g, then wont be sold until someone makes the exact order? I mean, until someone ask for exactly 10k ingots for 50g?
If someone looks for 10k for 55g he wont be informed that I have the same quantity for 5g less?
If someone looks for 5k for 50g he wont get 5k from my 10k leaving 5k for sale?

wiki is a good place to start there is a section that tries to explain how exex works

http://www.uoex.net/wiki/ExEx

As I said, I already read the wiki

[culichi]

if someone buys 3k ingots directly and you sell order is for 10k ingots then 3k of your ingots will sell and the other 7k ingots stay listed for other buyers to purchase all at once or in smaller quantiti. if someone places a buy order for 10k ingots at 50 per your ingots will not be sold to him because he didnt use buy direct he placed a buy order.
exex always lists the highest buy offer and the cheapest sell offer so your 50 gold ingots would be listed ahead of the 55g offer and once yours are sold then the next best offer gets listed.

[Chronos69]

But my sell order is 50g/ingot.

If someone uses the direct buy option, the price will be higher (60g right now).

So, if someone buying at direct buy gets my ingots (50g) paying more (60g), where goes the difference?

[culichi]

read my last post I edited it to answer your last question just after you responded

[Chronos69]

read my last post I edited it to answer your last question just after you responded

Oh, now is clear :3

Thank you!

[Chronos69]

Btw, if I place some sell order and I notice its not selling... Can I remove it and recover my items?

[Nick]

Yes, you can cancel a sell or buy order at any time and get 100% of the gold or items on the order back that have not been bought or spent already.


ppl who sell direct do so without making a buy/sell order and get the gold right away (-3% fee) at the displayed price and the person who had the buy order for those goods gets the time right away)

ppl who Buy direct do so without making a buy/sell order and get the Goods right away at the displayed price (+a 3% fee) and the person who had the sell order for those goods gets the gold right away)

e.g. arrows are selling for seven gold, you can make a sell order for 6.9 and that will be the New [exex price until all of your arrows are sold OR someone else comes in and lists arrows for 6.8. (some items can on be sold in whole gold pieces, and you can not make a new sell order unless it is 5% cheaper than the current listed price. However, you can always cancel your sell (or buy) order and have your Items (or Gold) available to you to relist at a new price or pull out of the market and sell/use.

gold sculls are selling for 45k you direct buy 100, only 30 were available at 45K so you only get 30 and only pay 30x45 gold for them+3% fee. The person who had a sell order for 45k per scull no longer has a sell order because all 30 sold, now the display price on [exex for gold sculls shows 57k because that is the next cheapest sell order on the system. you try to by 70 but only get 50 because that's how many were for sale at that price, the new price is 75k per scull you buy 20 and get them all at that price because there are 5000 for sale from Devlin at 75k per... you got 100 sulls but it cost you [(30x45k)+(50x57k)+(20x75k)]x1.03 gold because you had to buy them at three different prices and pay a 3% fee on each direct purchase.

[Chronos69]

So, the trick to sell something without having to wait days and days should be to place sell order near the 'sell direct' option, right?

But, what happens if, for example, I place my golden skulls at 54k (actual 'buy direct' price)? Will my skulls be sold right after the guy who is actually selling them at 54k?
Seems, then, that it's easier to sell things if you place them expensive

[Animol]

So, the trick to sell something without having to wait days and days should be to place sell order near the 'sell direct' option, right?

Not everything close to sell direct price will sell on the spot. At the same time, not everything has to be close to sell direct price to sell on the spot. Also, sometimes someone decides to buy/sell a lot of stuff no matter the price and by doing so changes the market for a while (or even permanently). Knowing what sells and what doesn't at what price is the game of its own.

But, what happens if, for example, I place my golden skulls at 54k (actual 'buy direct' price)? Will my skulls be sold right after the guy who is actually selling them at 54k?

Seems to be working like that.

[Chronos69]

Then Seems easier to sell stuff placing it expensive than cheaper, isnt it?

[Animol]

Why? Buy direct shows the cheapest offer. Cheaper stuff needs to run out before anyone can even see your sell order. If you want to sell stuff quickly you have to either sell directly or place the cheapest sell order.