Topic: MtGox average delay time? (Read 804 times)
Wait, does MtGox charge .6% to buy and sell BTC? Like... If I want to buy 1BTC, I have to pay them .006BTC? And if I want to sell 1BTC, then I have to pay that fee AGAIN?! If so, I am really going to have to increase my range.... ughhhh
Hi! I am looking to day trade on MtGox and make a bit of coin. My plan is to pick up on the average price range, set my buy at the low end, and my sell at the high end (eg. buy at 141.10 sell at 141.90), using the automated system in MtGox. Do you guys forsee any problems in making money doing this? If I use the automated system, will the system to be quick enough to pick up on the minute to minute fluctuations averaging around 1USD/BTC?
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