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How do you know where is a good place and where to sell?
True
Scout out some good mining systems, and have your carriers go in loops, jump, mine, jump, mine etc, make sure they drop by a refinery and refine somewhere in the loop, and your good to go :D
They will bring on a lot of ore (which you need for building ships obviously) but by the time you reach avorion, you no longer need iron, titanium, or naonite, so all that can be sold for cash, no downside ;D make sure you save a little bit of xanion so you can make teleporters and cloning pods (if you want something light, but in reality, you can make those out of avorion, too if you just want the hit points)
But most of your xanion is now cash ;D
Then sell off excess trinium, ogonite, and avorion when you need credits not ores :)
However, once you set this up, fast easy money with no micromanagement comes in with mines and factories, but it takes millions to set up, so save this for later in the game :)
There are a lot of guides people written here on Steam and a ton of threads about it in these forums. It can be hard sometimes to distinguish a well stated opinion from an unembellished fact so my advice is try a bit of everything and keep what works best for you.
Some unembellished facts that I stand by no matter what: You want BIG loops with about 20 sectors and each sector should have at least 1000 asteroids according to the Galaxy map. You want one ship per loop. You want BIG cargo holds of at least 25K storage capacity (That is enough to clear most sectors in one pass but not two sectors). You want to found your own Resource Depot and only sell your ore to it. A group of small ships working together will always leave a lot ore behind because it didn't fit in their cargo holds after it was mined.
My opinions: Don't worry too much about R-Mining fighters if you don't want to use them. You can mine ore a lot faster with a carrier, but then again you can always make more ships to compensate. Always put at least one Armed turret on your ships so they have a better chance at surviving if you are in sector with them. Only mine Yellow Blips Sectors you have scouted so you don't have a reason to go where your ships are mining.