The simplest trade?

[navelgazer]

Hi,

I'm a noob to the trading world with not too many bitcoins. Just now I'm just keeping them while the price goes up but I would like to maximize my profit by trading a bit.
I was just reading https://bitcointalk.org/index.php?topic=262525.0 but that would take me a while.

I've noticed that price of BTC/USD varies a lot between markets and I wonder if there is any way of taking advantage of that difference (with any coin for that matter)
For example, to sell a bit coin for CHN and then buy a new bitcoin with that fiat money in another market for 30% less.
Or sell in Mt Gox for USD and then somehow deposit those USD in BTC-E and buy LTC?

Thanks and I'm sorry if that's a stupid question.

[1714928731]

1714928731

[1714928731]

1714928731

[jayson3]

Good luck moving USD between exchanges around the world.  While technically possible, the process takes days and there are fees.  I expect that only very big, very well-banked players can succeed at this arbitrage

Search the forum and you will see that getting money out of Mt Gox is a nightmare.  This is why Mt Gox prices are higher - nobody can get USD out of Gox, so there is little net selling on the exchange.