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Should I do more beginner trading methods?

Yes!
50.00% (6 votes)
Nah
50.00% (6 votes)

Total Votes: 12

Low Budget - Contract Trading
Posted:

Low Budget - Contract TradingPosted:

FutEconomist
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Hey, hello whats up guys its Jamey (aka the Fut Economist). Im an Econ major who loves talking about markets. I dont claim to know anything special but at least for me, applying what Im learning in University helps me better understand why the FUT market behaves the way it does.
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Today marks the start of a new series that Im doing called Beginner Trading Methods. These methods are catered to those with a low budget and/or beginners who are still getting comfortable with the trading. So if that sounds like you read on!

These are going to be low risk, medium reward trading methods that are great for making 5-10k per hour with very little effort or thought.

The first method that I thought that I would share with you all today brings back memories from my FIFA 13 days. Its the non-rare gold player contract method!

Quick Note: If you are more of a visual person, I highly recommend checking out my video here ( [ Register or Signin to view external links. ] . Plus there is a coin giveaway at the end of the video ;)
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The Method - Non Rare Player Contract

Basically, all you need to know about this method is that the majority of players, especially around peak times of the day, will buy non-rare player contracts for a BIN of 200 coins in the last 40ish seconds that they are listed up.

However, that does not mean that all of them are bought for their 200 BIN. In fact, depending on the time of day, anywhere from 5-10% of them will go across the trading block for a bid of 150 coins. Thats where we come in

Literally, all you have to do with this method is set the max bid on gold contracts for 150 coins. Then scroll a couple of pages (to avoid competition) and then bid on as many as you can! Once youve bid on as many as you can, list the ones that you have won for 150 start price and 200 BIN for one hour.

An hour later you should have sold on (results will vary depending on market conditions see below) most of your cards for 200 coins, with some of them being bought at 150. This is ok however, because the small lose that you make when people buy them at 150 is negated with the profit from the people that bought them at 200! Then rinse and repeat. Easy as that!
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Why this Method Works/When is the Best Time to Do it?
This method works because the demand for players contracts is inelastic ( [ Register or Signin to view external links. ] , their supply is very high, their demand is very high, and this section of the market is inefficient.

Many players dont care if they spend 50 more coins on a player contract. But when we multiply that by 100s of contracts, those 50 coins start to make us lots of profit!

This method works best when demand is high and supply is low. In other words, when lots of people are playing the game, and less people are buying packs. This means that a great time to sell these contracts could be Monday, Tuesday, Friday night, or any other time of the week when people are not opening packs because of a pack offer or a new TOTW.

Often listing them late at night works well!
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Final Notes
Important: An easy way to check if now is a good time to do this method is by setting the max BIN of the contracts to 200 and seeing what percentage of people buy them for 200 coins compared to 150 coins
If the ratio is in your favor, then trade away!
As per my other mass bidding method ( [ Register or Signin to view external links. ] ) mass listing your contracts using the Re-List All button is not a good idea, and will lead to less of your cards being bought
This method can also be used as a sort of investment method you can easily buy the contracts for 150 coins on days like Wednesday when people are opening a lot of packs, and then hold them to sell them on days where demand is high
This method is tedious, time consuming, and can be frustrating, but risk is low, and it can be done on nearly any budget and requires very little market analysis
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If youve made it this far I want to thank you for reading! I hope this method helps some of you low budget, beginners out there!

If you guys want a visual of what I just explained Ill leave a link to my video covering this method here ( [ Register or Signin to view external links. ] . Plus you might want to check it out because Im giving away 10k coins at the end of the video!

Let me know that you guys think of the method, what kind of profits you are making

If you have any questions hit me up on my twitter @FUT_Economist, message me here, or talk to me in the comment section of the video!

Jamey (aka the Fut Economist)

#stayrational

The following 4 users thanked FutEconomist for this useful post:

3DS (10-28-2015), felixen96 (10-28-2015), 8hg43rw0vbui (10-28-2015), -Eriksen (10-28-2015)
#2. Posted:
l10lRodriguez
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I really like this method.

Your explanations are perfect and I really think people who want to begin trading should give you a follow. Your video explanation was good as well and I'll definitely use this as a reference.

Thanks.
#3. Posted:
-Eriksen
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Bruh, you should like write a book
#4. Posted:
FutEconomist
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l10lRodriguez wrote I really like this method.

Your explanations are perfect and I really think people who want to begin trading should give you a follow. Your video explanation was good as well and I'll definitely use this as a reference.

Thanks.


Thanks for you kind words I'm glad I could help!
#5. Posted:
FutEconomist
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-Eriksen wrote Bruh, you should like write a book


Lol I do tend to ramble. Do you think that I should cut down on the length a bit? I suppose it could use some shortening.
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