Arbitrage is taking advantage of a temporary difference in price between two markets and profiting off the difference. It's also the name of a movie starring Richard Gere. Don't worry, you'll have time for movies once you're done with the 63…maybe.
Buying for a lower price in one market and simultaneously selling at a higher price in another market allows the arbitrageur to profit from the temporary difference in pricing between the two markets. It's considered a riskless profit.
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