Good guide to read it could help a lot of newbie traders and even experts. I my self is not good in trading since I have started in crypto I am more on investment and bounties. I often trade and I only know the basics. Would like to see more of your blogs and guide. Thank you for sharing.
You could check out some of my stuff here.
https://gunbot.ph/blog/
Arbitrage trading is very risky and it requires a lot of money in order to make good profit and it wont be profitable for small traders with low capital to start as the profit may be used to pay some expenses like withdrawal fee and trading fee. But thanks for sharing a guidance how to do arbitrage trading, it can be useful for those who have good amount of money. I'll check your blog to find other guidance if any which is more suitable for small trader like me.
Actually, it's not risky because the risk you are willing to take (if you have a bot) is the trading fee. It will check continuously on the exchange if there are possible opportunities that could offer you a great trade. It's not that big compared to the percentages you could earn when you are trading at least little to none risk.
Bots are way better at executing arbitrage trades when compared to manual arbitrage trading in my opinion. I actually tried it and lost small amounts in the process due to the fees imposed by the exchanges and the time it takes for the coins to move from 1 exchange to another.
The only form of arbitrage that I prefer is Intra-arbitrage trading where it is possible to earn profits through the same exchange itself though there are very few opportunities available.
Yes, that's what I highlighted also in my post. It's hard to check it manually and you cannot do it instantly unlike bots. It's better that way. BitRage uses that kind of arbitrage where it checks the BTC, USD, USDT, Alt Coin markets etc. BitRage works a lot in many exchanges like Binance, Huobi, etc.
good guide bro, but if you use the method with a small amount of BTC balance, then the benefits you will lose will be for fee only. there may be need for advanced methods to avoid large fees from arbitrage BTC. Maybe for using Simple Arbitrage we need third coins wich have a little fees, that is doge coins.
Agreed with the Doge coins. We are currently testing it too, in fact.