Grand Exchange

Grand Exchange

The grand exchange is a very big update that has taken the economy in its hands. No one knew exactly what its affects was but it sure regulates the runescape buying and selling economy and eventually could lead to its downfall.

Positives of G.E. (grand exchange)

-less time wasted buying and selling

-you can sell things while sleeping

-you can trust prices for most part

-helps prevent autoers,bots,and macroers from regulating economy with large stocks.

Negatives of G.E. (grand exchange)

-Price could be way off

-Item may not be available

-Autoers could sell for lower and sell more.

The Grand Exchange

(often simply the Exchange, GE, or GX) is a formal marketplace in northwest Varrock that was released on 26 November 2007 in which players can buy or sell items while working on other activities in-game. It draws parallels to modern real-life stock exchanges, both through the method in which goods are traded and the design of the building itself. Members are capable of posting a maximum six item slots worth of offers at once, while free players are only allowed two slots. The Exchange matches requests with offers made by players on any game server. When a transaction is completed, players can collect the cash or items they received by either selecting the "collect" option at any bank, excluding bank chests, or they can return to the Grand Exchange and pick up their goods directly.

Price strategies-

By observing the price at which transactions are completed, it is possible to determine whether an item's Exchange price is likely to rise or fall in the near future. This is especially useful for commodity items such as ores, runes, and food ingredients that are traded in large quantities.

If a player plans on selling an item, he or she can test the market by trying to sell the item for the maximum allowed price. In the event that the item's price is rising rapidly, this item will sell immediately, and the player should usually wait a few days before trying to sell the rest of the items in order to get a better price.

On the other hand, if a price is falling rapidly, this can be determined by attempting to buy the item at the lowest possible price on the Exchange. If the item is purchased immediately, that means there is a huge supply of items from many people wanting to sell the item, and nobody who is buying them up at nearly any price. This situation may be difficult for players who craft or smith items, as waiting to sell the item will only lower the sale price. Some comfort can be found in the fact that the Grand Exchange uses a queue in which the first offers to buy or sell an item are filled first. It may be possible that the item simply sells slowly, in other words, it may still be valuable, but is only occasionally traded.

My Outlook-