Making Money on the Runescape Grand Exchange

Hello, and welcome to my guide to making money on the Grand Exchange, I am going to tell you about the three main methods on merchanting, one which is sure to work, but may take a little time, and another which can make you millions fast, but involves a high level of risk. So, without further ado. . .

Method 1

The first method involves very little risk at all, but it may take a while to start making big profits, however, it is good for those who wish to build their profits without having to do much work. First, head to the Runescape Grand Exchange site ( http://itemdb-rs.runescape.com/frontpage.ws ) and go to the '100 Most Traded Items' list, this will ensure you will find an item with quite a high desirability, therefore meaning you get a quicker sale. Click on an item, we'll go with fire runes, seeing as it's top on the list.

As you can see, the line on the chart is perfectly straight, this is exactly what we're looking for, and since this item is so high on the most traded list, it is perfect for us. However, it's low price doesn't leave us with much space to make a profit. This item is great for beginners wanting to build their money, but eventually you'll want to move onto something with a bigger profit, so we will continue.

As we go back to the Most Traded Item's list, just search around until you find a good item, for instance, I have found coal here, the line on the chart is pretty straight, so the price isn't very likely to suddenly drop or go higher, and there is quite a good profit margin, so we'll go with coal.

Head over to the Grand Exchange, north of Varrock west bank and buy some coal, you'll want to buy it for lower than the market price in order to make a decent profit, however, the lower the price, the longer it'll take for you to buy the item, so you have to find the balance.

Once you bought as much coal (or whatever item you are buying) as you want, it's time to sell. As a general rule, I sell for the market price, as it takes too long if I sell any higher than that, but do experiment around with this and find whats right for you.

You should always test any item you plan to use this method one, by buying just a small amount and then seeing how long it takes to sell, this will help you avoid major money loss.

That's basically it for method 1, you can use this method for a long time and it will still be profitable, experiment with different items, as some will be alot better than others.

Method 2

This method involves quite alot of risk and you will also need quite a bit of money to make good profits. It is also helpful to be able to predict the market. This method is about buying items when the price drops, and selling the item when the price goes up. For instance, the price of Santa Hats usually goes up around Christmas, so if a player bought a Santa a couple of months before, for a lower price, they could make quite a large profit, as shown on the picture below, if a player bought a Santa on the 7th July, then sold it on the 23rd, they could make around 3M profit. However, if they waited longer, they could make even more.

(Sorry but I couldn't get the picture to upload, so here's a link to it, sorry - http://tinyurl.com/Santa-Hat-Chart )

When the price starts of an item starts to go down, you should start thinking about selling your item, before the price plummets. The trick of this method is to always keep an eye on the graphs, or you could easily lose millions.

This method is quite high risk, but the payoffs are brilliant.

Method 3

Another way of making money from the Grand Exchange is by buying raw materials and then selling the finished item. This is takes quite a while but is good as it gives both quite a good profit and good experience in whatever skill you are training.
For instance, I could buy coal for 192gp each and iron for 98gp each. Now, to make a steel bar it takes two coal and one iron, so this is 482gp per steel bar. I can sell these steel bars for 643gp each, so that is a 161gp profit per bar. If I made 1000 steel bars, I would make 161k and earn 17.5k experience in smithing.

I hope that my guide has helped you make money on the Exchange, but you must remember to experiment with different items in order to find the right things for you, some items take longer to sell, but make a bigger profit, others are quick to sell, but don't yield much of a profit.

Any questions, PM me ingame, my RuneScape name is 'Deadbird33.'

Good luck.