Arbitrage is a trading style which needs lots of time and experience.
I beg to differ. I think all it needs is luck.
You find a coin being sold cheap on exchange A and bought expensive on exchange B. All you have to do is to buy from A and sell on B and hope that no one fills the buying orders before you.
What about fees? So if i understood correctly:
1. I buy X coin on exchange A
2. Transfer this coin to my wallet (or is it possible to deposit this coin directly to exchange B)
3. Deposit X coin to exchange B and sell it
Thanks for help, i feel a bit ashamed questioning this but better be safe than sorry...