These days it is difficult to make money. Find an item that its alching price is higher than the grand exchange price. Although that's not just it, you're furnishing nature runes also. So think about it. Back in the day we could buy yew long bows + nature runes and make cash. Now you lose 100-200 gp per alch. Even if you find a good item that has a higher alching price you will most likely be limited to 100 or more of that item. Good luck.
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In Runescape, You receive 65 Magic XP for every High Alchemy spell that is cast.
noob
Since i have 99 magic and i got it all alching i can answer this :) Ok it took me from 70-99 about 2hrs a day about 2 months but this is 2hrs a day if you play for about 8 hrs a day you can get in about 3 weeks, goodluck :)
Alching profits change frequently. Visit the related link below to view a more detailed "profit per alch" chart.