Hello friends
I have heard that there are people who earn income by trading arbitrage. I am very inexperienced at this. Which token or coin do you think would be suitable for arbitrage trading? Thank you.
Before deciding to do arbitrage trading, I will suggest you learn more about the advantages and disadvantages of abritrage. Additionally, you must also learn about how to do effective and worthy arbitrage trading because if you don't exactly know, you will get more losses than profits.
There are some consideration such as:
- The fee of transferring the coins
- The speed of transferring the coins
- The gaps of price between one exchange to another.
and of course, what cons that we better do for arbitrage.
For me, I will rpefer to choose the tokens or coins that nly need small fee transaction and fast tarnsaction widthrawal or deposits. So, I will still have chance to get profits in the addressed exchnage