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Trade Chat is a common Chat channel that only works in capital cities and certain sanctuaries (unless you manually join a channel out-of-zone). This channel is intended for buying, selling, and trading of items and services, but is often used for general inane chit-chat.
Players in the same faction ( Alliance or Horde) will see messages sent from other faction capitals and players in sanctuary cities will see messages sent from other sanctuary cities.
To send a message in trade chat, type the following into the chat entry area: /2 message