Forex Arbitrage/Correlation?

Anyone ever dipped into this world playing market prices against each other to maximize profits?

You mean like this whole "buy low and sell high" type of deal? I've heard of it once or twice...

Yeah, found this but very skeptical as I know from previous online adventures arbitrage is possible with eBay, face book and in sports investing/trading why not forex, stocks as they are million of brokers all online.

Forex arbitrage is really a trading strategy that would allow forex traders to make use of the opportunities provided due to pricing inefficiencies in currency. It will help them make profit. The trader needs to act fast as before this pricing inefficiency are corrected. This kind of arbitrage trading is done by buying and selling two or more currencies, that have pricing inefficiencies.

Generally the trader will need a proper strategy to make profits out of this type of trading. Because the price inefficiency attracts several traders, you need to act upon it swiftly prior to the opportunity ceases. Arbitrage trading takes a trader to achieve the real-time quotes of currencies and the ability to make decisions faster to ensure better profits.
Forex Arbitrage has variations however the most widely used form is one which involves two currencies. The two-currency arbitrage has to be done with different brokers who are able to offer different spreads. This could imply there'd attend least one quote that will have difference in prices between the brokers for the similar currency. It may be in any form such as the bid, within the ask or perhaps in both. In whichever form you find the main difference, you can use the situation making profits from such transactions.
For a forex arbitrage situation which involves more than two currencies, one has to understand the exchange rates and you ought to possess a thorough understanding of all the currencies involved. This way of forex arbitrage is extremely sophisticated. If the exchange rate of 1 currency in contrast to the other two currencies follows a set ratio and when by chance the number of you have definite fluctuation when compared to exchange rates of the other two currencies then it opens the door for any forex arbitrage and something can make huge profits.

Forex arbitrage strategies happen to be exploited by many forex traders for several years, While sometimes small, certain transaction can be substantial. Forex arbitrage traders should have patience and become watchful for forex arbitrage opportunities. Forex arbitrage opportunities tend to close very fast so traders must take full advantage of forex arbitrage situations as soon as they appear.

the big banks do it with epic algorithms in 100th of a second and it's known as triangular arbitrage

eg: $1 USD = $0.5 NZD
1 NZD = $2 EUR therefore $1 usd = $1 eur if there is any deviation hello riskless profit

we mere mortals don't stand a chance

some people on here would consider themselves imortal i tell ya. lol

Good luck...

any indicator to start with?