I think this is the trick.
Go to the spot that has the most difficult enemy you can handle without ever needing a rest in between fights. You can figure it on one henchmen if you want but if you need 2 hench then you're in too tough an area.
For me at least the area's that are the most productive give +8 exp per mob usually. I don't sell anything in trade, I sell it all via the merchants or keep it for myself or the guild. I never do this for money, because I don't really like the money part of the game. I usually just explore and that's the areas where money comes easily.
There's a spot called Dragon's something north of Ascalon with lvl 10-13 mobs that seems like good pickings for lower levels, outside of Lyons seems good as well for a bit higher. Lots of farming spots, but that's the method I'd use if I ever wanted to play it that way.
Good luck
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