ERX for dummies: Market Mechanics

Day 873, 15:43 Published in USA Romania by smif

So, there seems to be something missing to the ERX thing ...
What is it missing ?
Well, for starters: "ERX for dummies"
I am an experienced trader, investor and owner of a listed company alive since day 0 of ERX, and tested like most of the features of ERX, and reported like tens of bugs, and gave a few ideas to make the trading at ERX more pleasant.
For this Big Brother is a witness 🙂

Ok.
Let's take it step by step...

Make an account on ERX
This is a simple procedure done at http://erepublik.ws/erx/register.php
All you have to do is hit Get Started, login to eRepublik API interface (which is 100% secure, you can bank on that) this confirming you are a real player of eRepublik, then you setup a second password for ERX, that should be different from the erepublik one, which increases the security for both your ERX and your erepublik account.
This being done, you are ready to start.

Deposit GOLD to your ERX account
You just donate in game the amount of GOLD you would like to deposit to your ERX account, to the ERX Terminal and your deposit will appear in your account during business hours: 11:00-20:00 eRepublik Time
The same goes with the withdrawals.

Start investing - Buying Shares
This article will be 100% dedicated to the ERX mechanics, and thus no tips or suggestions will be handled out at this moment. In the next articles there will be more than enough
In order to BUY shares you just have to decide which one you would like to buy from All stocks http://erepublik.ws/erx/view.php
There are several sorting options that might give you some ideas where to invest.
In order to BUY a smeeph, SMF share let's say 🙂 you click the company and go on it's page http://erepublik.ws/erx:SMF which is basically http://erepublik.ws/erx: TAG of the share.
On the company page you have some essential indicators like Org Value, Total Shares, Market Capitalization, Daily Volume, All Volume, Prices Day High, Day Low, and also an all time High and Low.
In order to buy you click the Purchase Shares from the right corner of the page from above.
Now you are ready to POST an ORDER on the stock exchange.
BUY SMF
You have to enter the quantity, let's say 10 shares, and then you have to enter the maximum amount of gold you are willing to pay per share (let's say 0.2G), and order expiration timeline, and then you hit Place Order.
Congratulation you just posted a BUY order for 10 SMF shares for a maximum price of 0.2G each.
At this moment 10*0.2+1%= 2.02 will be deducted from you ERX balance.
The 1% is the fee for trading in ERX.
Now, if there is a SELL order for 10 SMF shares at the price indicated by you then you will be the owner of 10 SMF shares.
If there are only 5 shares available for purchase, then the order to buy will remain active and in the Your Portfolio page there will be a message with shares left to buy 5.

Selling shares
From Your portfolio you can see in the Your Share Holdings the shares that you currenly own.
Let's say you own those 10 SMF purchased few minutes ago.
You want to sell them for profit.
In Your Share Holdings you can click the SELL and you are ready to sell them.
Now you POST a SELL order for 10 SMF shares at 0.3G each.
If there is a BUY ORDER already posted to buy SMF shares at 0.3G you will sell them and cash in.
Please be advised that the SELL order says: min 0.3G
If anyone posts a BUY ORDER for 0.4G you shares will sell at that price 🙂 and that's a neat feature.

Also please be advised of the following:
The matching of the BUY and SELL orders are done in the order they were posted.
An example to better illustrate what I am saying is:
The order #1000 is a SELL 10 SMF at min 0.2G
The order #1001 is a SELL 10 SMF at min 0.1G

The the order #1002 is a BUY 15 SMF shares at 0.2G, first the order #1000 will be executed, and then 5 more shares from the #1001 order will be executed.
This is the real fact behind some users questions like: I had a 0.01G sell offer and someone just sold at 0.1G and mine didn't got sold.
Well this is the reason.

Like a tip regarding SELLs.
If you know that you have a stock that has a small volume of BUY orders, you might want to select the largest timeline when the ORDER expires, this will keep your SELL order in line, for many days, thus increasing your chances to drop a specific stock 🙂

The newest feature added in ERX: Bid/Ask
This shows in a company page the following:
Bid - The greatest price one is willing to pay for a share
Ask - The smallest price one is willing to get for a share
This speeds up, like for real the buy and sell action, and actually made me start trading again with large amounts of gold.


To be continued ...

ERX: The Series
Episode 1 - ERX: The Good, The Bad and The Ugly
Episode 2 - ERX for dummies - Market Mechanics