MAKE UNBELIEVABLE PROFITS FROM FOREX ARBITRAGE!

Currency Arbitrage Trading Offers Mind-Blowing Prospects.

Investopedia reports that:

“A currency arbitrage is a forex technique in which a currency trader makes transactions to take advantage of differing spreads supplied by brokers for a certain currency pair.” For a currency pair, different spreads indicate price differences between the bid and ask. To profit from mispriced rates, currency arbitrage entails purchasing and selling currency pairs from multiple brokers.”

Currency Arbitrage: A Basic Guide

Currency arbitrage is the practice of profiting from disparities in quotations rather than fluctuations in the exchange rates of the currencies in a currency pair. Two-currency arbitrage is a strategy used by forex traders to take advantage of the spread disparities between two currencies. Traders can also engage in three-currency arbitrage, sometimes known as triangle arbitrage. Large traders typically identify disparities in currency pair quotations and reduce the gap rapidly thanks to the use of algorithms and high-speed trading algorithms.

I’m going to talk about Triangle Arbitrage in this essay.

What Is Triangular Arbitration, and What Does It Mean?

When the exchange rates of three foreign currencies do not perfectly match up, triangular arbitrage develops. These chances are uncommon, and traders who take advantage of them typically use powerful computing equipment and/or software to streamline the procedure, but I’ll simplify it so that you can reproduce their results using your cell phone.

For example, a trader using triangle arbitrage would convert an amount at one rate (Kenyan shillings KSH), convert it again (Dollar USD), and then convert it back to the original (Nigerian Naira NGN), netting a profit assuming minimal transaction costs.

Triangular Arbitrage: What You Should Know

If quoted currency exchange rates do not match the market’s cross-exchange rate, this form of arbitrage can result in a “riskless” profit. To put it another way, if two currencies trade against a third currency, the three currencies’ exchange prices should be synced; else, a profit opportunity emerges.

International banks that trade currencies take advantage of a market inefficiency in which one marketplace is overvalued while the other is undervalued. Because the price disparities between exchange rates are merely a fraction of a penny, a trader must trade a big quantity of cash to make this type of arbitrage lucrative. The African currency market, however, has enormous spreads, which is the subject of this essay. In deals, I’ve observed spreads ranging from 20 to 50 NGN per dollar. The inconsistencies and volatility of the African economy and financial market are mostly to blame for these ostensibly enormous disparities.

A RECENT EXAMPLE OF A PERSONALIZED CURRENCY ARBITRAGE IN WHICH I WAS INVOLVED.

Although this Arbitrage is no longer in existence, I will describe it for the sole sake of learning/education.

So I was searching for an inexpensive method to get my dollar utilizing the NGN a few weeks back. Around Africa, I noticed various alternatives. I discovered that I could exchange the Nigerian Naira to Kenyan shillings (KSH), Ugandan shillings (UGX), Rwandan Franc (RWF), and other currencies, and then purchase the dollar (USD) at a lower cost. When I first learned about it, I was ecstatic, but there were some drawbacks.

I needed to convert naira to any of the following currencies. Because the majority of these African nations’ financial systems are led by Fintechs (mobile money institutions), opening a bank account necessitates traveling to these countries and obtaining a SIM card, or having a SIM card mailed to you. It is nearly hard in the nation to open an account with a standard financial institution.

Converting from local money (KSh, UGX, RWF, etc.) to USD was the second hurdle.

The next difficulty was changing from US dollars to Nigerian nairas (NGN).

Scaling and automating it (which is nearly impossible) is the ultimate issue.

The research starts here.

So I started looking for a software that may assist me change my Ngn to KSh, and I came across AFRIEX.

What brought me to Afriex in the first place?

I was trading on the Binance p2p market at the time, and one day I decided to download and examine the currency conversion rate for each of the platform’s payment systems/methods. This is how I discovered that utilizing this software, I could purchase KSh at a low price.

On the Binance p2p platform, KSh was at 115ksh/$ and Ngn was at 570ksh/$. Ngn/KSh was trading at 537ngn/115KSh (537ngn/$…) on the Afriex app, though. The precise computations were removed.) My answer is as follows: I was giddy with anticipation, but how would I sell this KSh?

Binance’s peer-to-peer platform is to thank for all of this. They acted as a reliable escrow between me and Kenya’s peer-to-peer economy. So I began selling my inexpensively found KSh for tokenised dollar (USDT) at 120ksh/$, adding 5 ksh to the typical market price (115ksh/$) in order to sell quickly. As a profit, there is almost a #40/$ spread.

On the Binance Kenyan p2p market, I exchanged my ksh for USDT, and on the Binance Nigerian p2p market, I exchanged my USDT for NGN.

This caused many sleepless nights

Now that I’ve come up with a solution, how can I scale it up?

Because Afriex has a daily maximum of $3000 and no choice for a business account, I understood that the only way to grow it was to have numerous applications. As a result, I conducted more research and discovered the app cloner. It’s free to use, but there are premium upgrades available. You may have numerous applications on your phone with the app cloner…. Gerrit, what’s your name?

That’s how I went about scaling it.

Since then, I’ve found a plethora of arbitrage possibilities in the African currency market, which I’ve taken advantage of to make some serious cash.

When a lot of individuals start leveraging these arbitrage possibilities, these opportunities will tend to vanish.