Wandering_Immigrant wrote: »Others have explained the tiers and why they exist pretty well. I just want to point out that you shouldn't feel like you need to be in a top trader. They're not for everyone and in some cases you can meet your personal needs just as well in a lower tier location, and be happier for it by not feeling the pressures of meeting sales quotas or paying higher dues or competing with high volume sellers.
I consider trading to be major part of my game in MMOs. In fact the last MMO I played it was my primary focus, I would do dungeons and progress the story solely for the purpose of unlocking new areas to farm in. I've carried a similar mindset over to ESO and yet I choose to not be in a top trading guild. I'm in two trading guilds, both top out in Craglorn, neither is there every week, though most weeks one is. When they're not in Craglorn they're typically somewhere along the lines of Skyreach, Daggerfall, Marcarth, Rimmen, Baandarri Trading Post. Some weeks neither gets thier Craglorn trader and both are in these mid to low-mid type locations.
Why would I opt for these types of guilds when trading is clearly important to me? Well it comes down to potential volume vs available playtime. I only really get to play on the weekends and while I'm drinking my coffee before work during the week. I've learned over the years that the most important rule of trading is to always keep your slots full, an empty slot is money lost. I could move to a capitol city if I wanted, but due to how fast things sell there 90% of my playtime would be spent keeping my trade slots full. Instead my current trader situation allows my to sell at a pace that divides my time in a way that's more enjoyable to me, and by choosing what I sell wisely I'm still able to get top dollar for most of it. So for me, even though I could potentially make more gold at a top tier trader, my current trading efficiency rating actually tops out in the more mid tier range.
That's just some food for thought while debating your options. It's important to understand where you stand as a trader and find a guild that fits those needs, trying to sell either above or below your station will most likely leave a bad taste in your mouth. If you do a lot of farming and want to push a lot of product and push it fast to make room for more product you'll be frustrated by the slower pacing of a lower tiered trader. On the other hand if you're more casual and just want to be able sell off the excess items you end up with at a reasonable rate, you might find some of the practices and tactics at top tier traders to be shady or even toxic, they're not they're just competitive and that's not for everyone.
Anyway good luck, and have fun. MMO economies can be really quite fascinating when you allow yourself to immerse into them.