This tutorial was created by titadmarde 1337, for the tibia.de graphics forum. You can find the original here: link
I made this tutorial for all the new buddy that want to try to do some graphic proposals. I think it explains well how to make it. (Dont look at the shading on the armor, I made it wrong).
added by Óin:
In my opinion, a better choise than burn/dodge, which often mess up the colours, would be the regular pencil with a low opacity setting and then black or some dark colour that goes with it's surroundings. Just the same with regular shading.
Yours,
Óin