Level 0: What the Hell -IS- Alchemy?
Historical "alchemy" was the precursor to "chemistry". It was the idea that if you combined substances in a particular way that you might get something else. Originally they thought it was tied to astrology (you had to do it at particular phases of the moon or under certain stars) or magic (you had to do it with particular incantations) and they often threw in stuff that didn't really affect the result but sounded good. The things they were trying to make were often impossible, like the "philosopher's stone" that would turn lead to gold, or the "elixir of life" that would give everlasting life. But they did discover very real chemical reactions along the way.
"Alchemy" on Gaia is a recipe. You buy/get the formula and it has a list of components that you gather and then you put in a crafting cost of extra gold and you hit the "craft formula" button (if you're high enough level to craft it) and hope it works.
If it doesn't work: you lose the crafting cost but not the formula or components, so you can try again.
If it does work: you get the item but lose everything else including the formula, so to make another one you have to start from scratch.
If you compare the cost of formula, components, and crafting to the cost of the finished item on the marketplace, you'll see Alchemy isn't always the best deal. But you'll also get experience points for crafting formulas and that raises your alchemy level so you can then craft higher level formulas that might be rarer items.
To get started in Alchemy:
Click on the "Craft Formulas" button at
The Bifrost or the dropdown
Alchemy link from "Shops" on the menu bar.
Congratulations! You are now a Level 1 Alchemist with 0 XP!