As i beginner i meant someone who's been trading for around half a year now (not day-trading).
Are arbitrage tools necessary or do they just make your life easier and which sites offer them?
Arbitrage was never to interesting to me but i've talked with a friend who's making a decent profit out of it (at least that is what he said...)
Thanks for help!
There are indeed bots for trading arbitrage, you can see it on this site. I'm not recommended this because I don't use it.
https://bitcoinexchangeguide.com/best-cryptocurrency-trading-arbitrage-bots-for-2019-bitcoin-traders-top-choices-to-earn-profits/I do not believe that your friend geta a decent profit through arbitrage, unless your friend can find an exchange as mentioned by Bitmover
-snip-
If the spread between exchanges is big, probably you will be trading in a shady exchange (with low volume, possible financial problems)
-snip-
I remember getting 1
BTC in a day at 2015 because of an arbitrage from exchange based on UK to Bittrex, and also 0.5
BTC from exchange based on Korea to Bittrex with a capital less than 0.1
BTC.
Those exchange where coin buying is an almost dead exchange, but there are many sell orde who might trader forget to canceled and withdrawal their coin, which make me immediately execute their sell order instantly.
You have to remember that there is a risk when doing so your BTC or fund can stuck there, because the admin who no longer takes care of the exchange, my experience when doing arbitrage with exchange based in Canada, i'm lost 0.05
BTC.