Arbitrage has been called a "riskless profit" and refers to the process of instantly selling an asset, usually in the form of a stock, after purchase. Regardless of what causes the stock to be undervalued, arbitrage is typically performed by experienced investors and, most importantly, never involves negative cash flow. In more plain English, arbitrage is benefiting from a state of imbalance in the stock or other markets. Help with arbitrage, whether it be in foreign exchange trading or in stocks, is widely available on the Web. But, consider spending money on professional services that will surely prove worth it, especially for beginners.

Help with arbitrage comes in many forms, but consider the following arbitrage resources which can keep your business bank account in the black:

1. Services from professional arbitrage consulting firms

2. Online arbitrage information for traditional markets and foreign exchange

3. Arbitrage training and software for experienced traders

Action Steps
The best contacts and resources to help you get it done

Find an expert arbitrage consultant for U.S. markets

Potential arbitrageurs should take advantage of an arbitrage consultant if it is affordable. Large or specialty firms are the way to go. If a firm is large, it is likely that they have a large, satisfied client base. They will walk you through the process or even do it for you.

I recommend: Arbitrage Compliance Specialists has provided arbitrage service since 1985. Integrity PFC offers debt analysis, investment cash flow and yield analysis and even record keeping services.

Get foreign exchange and traditional arbitrage advice using Web resources

Foreign exchange trading can carry a high level of risk. For foreign exchange trading, get arbitrage advice from companies that offer databases for trading foreign exchange. These companies have developed proven strategies, preferred brokers and managed accounts.

I recommend: GoForex features live rates and foreign exchange forums. Stock Option Volatility Trading lets you input specific stock buying and trading prices to calculate implied dividends.

Do it yourself with arbitrage training and software

If you want to manage it all on your own, consider arbitrage training and record keeping using arbitrage software. You can find several strong software programs online to download for free, as well as programs for purchase. You may want to try a free version to see if you can manage arbitrage on your own before you commit to one software program.

I recommend: PickStock is available for free through Sharewareconnection.com. FIS Ltd. develops their own line of investment and financial trading systems.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  If you don't have time to do it on your own, don't bother trying to benefit from arbitrage. Not only can real-time trading be tedious, precise timing during buying and trading is of the utmost importance as arbitrage opportunities can come and go in the blink of an eye.