How does the trade update work???

[JEEPTJ]

Ok so I was on break from rs for about three months or more now. maybe more like 6. so I decide to come back again. I see this new update about trading. it makes sense and seems like a decent idea. my question is how are prices determined now??? does Jagex now monitor the market and determine what our items are worth??? or what did they just set prices. since jagex does all this now where do I look to find prices of items for when i want to buy something.

 

 

 

 

 

also has this affected the way everyone used to buy and sell things?? do we still use certain worlds to stand at a bank and look for buyers and sellers or is that a no no now and there is a new method??

 

 

 

thanks for the help guys

[Auld]

Yes Jagex set a price for all items and they can slowly go up or down every day depending on buyers/sellers. if you are looking for a price check simply go to the grand exchange in north-west varrok and click exchange-->buy--> then search for whatever you need to check. there will be a minimum an average and a max for nearly all items. goodluck!

[alphakoldes]

And the amount you can trade OVER the market cost of the items is based on the lower level of QP points between the two traders, up to 30k.