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Beat the best selling price

The procedure

Step 1. Select the ORDER BOARD by pressing the  BUY/SELL  menu button.
Step 2. Look at the prices in your chosen vault, in the currency you want to sell for.
Step 3. Click the Best Bid green brick. This loads the order panel with the details of the best bid i.e. with you as a seller.
Step 4. Adjust your price per kg upwards on the order panel using the arrow key. Now adjust the quantity to the amount you'd like to offer.
Step 5. When you're happy with your order press the  SELL/OFFER  button, and  CONFIRM , as for a normal order entry. Then look below for what happens next.

What happens next ?

  • You will probably receive a response in the order panel saying 'Your order is now open'.
  • As the best offer in the market you will probably see your price come up as the new highest offer gold brick for your chosen vault and currency (assuming your offer is for gold - if you offer silver or platinum it will be a grey or blue brick instead).  You are selling, so you are advertising to a buyer.
  • The reason we can only say probably is because you might have entered your order at almost exactly the same time as a buyer bidding for gold at your price, in which case you will already have dealt.  Or possibly someone has already bettered your price, in which case you're on the board, but not currently at the best price as a gold brick.
  • One thing that's fun to do now is to view the new market spread.  What you just did was narrow the spread on the gold price for the whole world.  You can see the effect by pressing the  BUY/SELL  menu button, then selecting the  MARKET SPREAD  sub-menu option.  You reduced the size of the white gap in your chosen vault and currency.
  • As usual you can monitor the success of your order from the  HISTORY > ORDERS  screens.  Sometimes it's best to monitor what's happening on the  ORDER BOARD  itself, because you'll see if anyone is offering gold cheaper than you.
  • If you decide you want to push the purchase through you'll need to withdraw your offer by killing it from the  HISTORY > ORDERS  screen and replacing it with one at a lower price.

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