Exploiting price discrepancies is a key benefit of recognizing potential trading opportunities. By exploiting price discrepancies, traders can:

1. _Earn risk-free profits_: Traders can earn risk-free profits, by buying an asset at a lower price in one market and selling it at a higher price in another market.

2. _Take advantage of market inefficiencies_: Traders can take advantage of market inefficiencies, by identifying price discrepancies and exploiting them.

3. _Improve their trading performance_: Traders can improve their trading performance, by exploiting price discrepancies and earning risk-free profits.

4. _Increase their profits_: Traders can increase their profits, by exploiting price discrepancies and earning risk-free profits.

5. _Enhance their market understanding_: Traders can enhance their market understanding, by analyzing price discrepancies and identifying their causes.

6. _Develop effective trading strategies_: Traders can develop effective trading strategies, by exploiting price discrepancies and designing strategies to capitalise on them.

7. _Stay ahead of the competition_: Traders can stay ahead of the competition, by exploiting price discrepancies and acting quickly to earn risk-free profits.

By exploiting price discrepancies, traders can earn risk-free profits, improve their trading performance, and stay ahead of the competition. This is known as arbitrage, and it's a key concept in financial markets.