The Royal Emporium is a virtual item Marketplace and allows you to trade your in game items with other players.
It is a simple trading system. Every item bought or sold comes from other players. Supply and demand for the items comes purely from players. Items can be purchased and sold using Gold Coins.
The market will always find the best price for you. All you need to do is submit the most/least you're willing to accept and it will handle the rest for you. No need to keep increasing/decreasing by increments of 1.
Members have eight trading slots, but free players are limited to three.
Trading is simply an offer book with no published lowest price. Trade volumes and average price are available but current prices aren't available.
Instead you simply create a buy or sell offer specifying the quantity and the price you're willing to buy or sell at. This method helps stop perpetual lowering of prices by traders setting their price 1 Gold less than the current price.
Offers are fulfilled on a first come, first served basis and the system ensures you are given the best price available.
Here's an example of 4 players trading a sword. 2 are selling and 2 are buying. The offer book has the following offers, 1 from each of the players.
The sellers are selling too high for their offers to get matched which is why the offers are still on the offer book.
Now a 5th player decides they really want the sword and are willing to spend up to 100 Gold. They put in a buy offer for 100 Gold and the system immediately matches it with the lowest sell offer available.
In this case, it's matched with the Sell offer at 38 Gold and 62 Gold is returned to the 5th player. So they got the best deal available at the time they placed their offer and the extra was returned.
Now the offer book looks like this:
Another player wants to sell quickly and they decide to put in a Sell offer for 30 Gold. The system matches to the highest buy offer (36 Gold) and the player receives 36 Gold for their sword.
Now the Offer book looks like:
Let's say you're looking to sell an Iron Sword. The current market price shows 100 Gold Coins.
There's no need to guess the exact price that someone is buying for. Instead, think about the lowest price you'd be happy to sell your item for, and list it at that.
The marketplace will work in your favor and find the next highest paying buyer to fulfill your offer.
For example, the current market price is 100 Gold Coins, but you're happy to sell your Iron Sword for as low as 90 Gold Coins.
You create a Sell offer for 90 Gold Coins and the system will now look through all the Buy Offers for an Iron Sword, starting at the highest offer.
The highest Buy Offer for an Iron Sword is actually 95 Gold Coins and so the marketplace locates this Buy Offer for you, and fulfills it.
So in summary, you sold your item for 95 Gold Coins and you didn't need to list at 100, remove it, list at 99, remove it, list at 98, remove it, etc.
If the only Buy Offer was for 89 Gold Coins, then your sell offer now remains on the Marketplace until someone offers at least 90 Gold Coins.
Let's say you're looking to buy an Iron Sword. The current market price shows 100 Gold Coins.
There's no need to guess the exact price that someone is selling for. Instead, think about the highest price you'd be happy to buy your item for, and list it at that.
The marketplace will work in your favor and find the lowest seller to fulfill your offer.
For example, the current market price is 100 Gold Coins, but you're happy to pay up to 110 Gold Coins.
You create a Sell offer for 110 Gold Coins and the system will now look through all the Sell Offers for an Iron Sword, starting at the lowest offer.
The lowest Sell Offer for an Iron Sword is actually 105 Gold Coins and so the marketplace locates this Sell Offer for you, and fulfills it.
So in summary, you bought your item for 105 Gold Coins and you didn't need to list at 100, remove it, list at 101, remove it, list at 102, remove it, etc.
If the only Sell Offer was for 111 Gold Coins, then your buy offer now remains on the Marketplace until someone offers theirs for sale at 110 Gold Coins.
Offers are fulfilled oldest to newest. If there's a sword with a Buy offer for 36 Gold and another player puts another buy offer for 36 Gold, the first player's order will be fulfilled first because they were first on the offer book.