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What's good folks, i've read a thread in this section of someone who has put together a tutorial on how to make money trading crypto accross different exchanges.
*Technically the explained method is right, still you would have lost money with this tutorial and i'll explain why
What is arbitrage trading ?
Arbitrage trading is a trading method where a trader exploits the price gap bewteen 2 or more different exchanges.
Example:
Binance EOS price : 6$ | Bittrex EOS price : 6.30$
1. Bob buys 50 EOS on exchange 'Binance' at the price of 6$ each.
2. Bob sends his EOS over to exchange 'Bittrex' and sells immediatly for the price of 6.30$ each.
Bob made a quick profit of 50*0.30$ = 15$ - fees.
Here is what can go wrong and how to prevent losses:
Binance XXX price : 7$ | Bittrex XXX price : 12$
1. Bob buys 10 Shitcoins on exchange 'Binance' at the price of 7$ each.
2. Bob sends his SHIT over to exchange 'Bittrex' and nobody is buying his SHIT at 12$
WHAT DID BOB DO WRONG ?
Bob did not check if there are any BUY orders on exchange Bittrex.!
In fact Bob realised that nobody traded SHIT on Bittrex the past 2 weeks!! Now he holds a bag of SHIT, congrats!
WHAT ELSE COULD HAVE HAPPENED ?
Bob did trade for profit of 4$ but paid total fees of 8$, congrats!
What can i do to minimize risk of SHIT happen to me while trading arbitrage ?
Trade and send only fast transferring coins, coins that don't take long to send and have low fees.
examples of such coins : NEO, LTC, DOGE, XVG and more just google
Only trade arbitrage between quality exchanges, some exchanges often have some coins withdrawal or deposit on maintenance.
I know the game, now how can i find arbitrage opportunities on the go ?
No, you do not have to go to coinmarketcap or whatever and compare prices continously neither you have to check any website.
Just use this notifier, run it and you are good. It will pop all trading opportunities that match your settings on your screen.
You just choose the coinpair, how much money you have and what least profit in USD you want per opportunity.
Go Traders, enjoy!
you leecher !!! yeah u, Leech my ass!
ARBITRAGE NOTIFIER TOOL ( made exlusively for the nulled mob so don't just ty me ouuhkay) >
