Binance trading bots are garbage

[sarmrakib]

I actually son't have any believe on trading bot .If you want to success on trading you have to study more and spend much time on market .A automatic will not give you profit all the time what you want .Try to learn from your mistake

[1713957241]

1713957241

[Strongkored]

I actually son't have any believe on trading bot .If you want to success on trading you have to study more and spend much time on market .A automatic will not give you profit all the time what you want .Try to learn from your mistake

You can still be a successful trader even using bots. Use bots traders still need experience about trading.
As I have said several times, I do not use bots in trading, I have tried but experienced a few problems in operating them until I finally chose the conventional method.

[TitanGEL]

I haven't tried using trading bots, because it seems i can't take some loss especially if someone do it for me just like using bots, and i value the experience so much because it fixed my attitude about gaining profits and having loss. and bots are just a system created by a man, bots are definitely trash although some of them create small profits it's better to just do your trading yourself and why you're doing that acquire some knowledge in the long run.

We should focus on manual trading instead of complaining on the service of the trading bots that are providing. I also believe that experiences are important and it is the reason why we should manual trading and avoid using trading bots. I'm not a hater of trading bots but I just telling that it can make as weak and also vulnerable to losses. Instead of finding the best trading bots, we should focus on ourselves on how we will make our trading journey to become successful. knowledge can gain through experiences, we cannot get experiences from just using trading bots and for me manual trading is still the best even if there are some who are making through trading bots.

[South Park]

Don't expect too much that trading bots will help you earn outstanding profits because trading bots can't outperform the crypto market that it is made for managing your portfolios while you are away. Automated trading bots are not reliable and efficient, that is why manual trading is still an effective way to make high profits.

Trading bots can be very reliable and efficient but the problem is that those are secondary characteristics, the one that everyone is looking for is that the trading bot is profitable and for that you need a strategy that you know 100% will produce profits in that is not an easy feat at all, this is why I have always thought that if you want to use a bot then you need to be capable of coding the bot yourself and if you cannot do that then you have no business using a bot to try to trade the markets.

[Neconic]

South Park, you are absolutely right. Learning trading is not some sort of rocket science. You just need to involve your brain cells and figure out how market is moving. But, you know, people like to take short cuts, whatever it costs.

[imstillthebest]

I actually son't have any believe on trading bot .If you want to success on trading you have to study more and spend much time on market .A automatic will not give you profit all the time what you want .Try to learn from your mistake

You can still be a successful trader even using bots. Use bots traders still need experience about trading.
As I have said several times, I do not use bots in trading, I have tried but experienced a few problems in operating them until I finally chose the conventional method.

Experts use bots so yes . you can't use bots if you don't know how to trade so yes again you must learn first .  Bots can make a traders life easier but they can be hard to learn or configure at first  . Difficulty do also depend on the type of bot or on the exchange that you are using  .

It's fine if you don't use bots if you just a casual trader but if you want to do trading to the next level  , bots are recommended

[Oceat]

South Park, you are absolutely right. Learning trading is not some sort of rocket science. You just need to involve your brain cells and figure out how market is moving. But, you know, people like to take short cuts, whatever it costs.

Aren't they aware of the danger for taking the short cuts? I mean it's always dangerous to take the short cuts if you don't know where it will lead you. All I'm saying is to at least learn something first before taking that short cuts just like using that bots. It's not a plug-and-play that because you bought/use it—it doesn't mean you will basically going earn a profit already. There's a process of doing that and the more you learn about it the more it's easy for you to understand and to execute the bots on how your trading goes well.

[Shimmiry]

Those trading bots that you are reffering to aren't created by binance. They were created by third parties. And these bots will not make you profit even in the long run. In fact, the longer you use these bots, the more money that you will lose. They were good at the middle part as what I am hearing. But in the long run... they are all garbage. It's better to use technical analytic skills on trading.

[AmoreJaz]

Those trading bots that you are reffering to aren't created by binance. They were created by third parties. And these bots will not make you profit even in the long run. In fact, the longer you use these bots, the more money that you will lose. They were good at the middle part as what I am hearing. But in the long run... they are all garbage. It's better to use technical analytic skills on trading.

that's what i wanted to say also. the OP i guess is misinformed by these trading bots. and it is up to the trader what bot will you use. and the exchange is not responsible in choosing your trading bot. so if you use crap trading bot obviously you will get crap results also. and remember, most of them are really crap! better use your trading skills and experience, if you are capable of. but if you dont have those, just forget the trading. and dont blame others for your shortcomings.

[Oilacris]

South Park, you are absolutely right. Learning trading is not some sort of rocket science. You just need to involve your brain cells and figure out how market is moving. But, you know, people like to take short cuts, whatever it costs.

Aren't they aware of the danger for taking the short cuts? I mean it's always dangerous to take the short cuts if you don't know where it will lead you. All I'm saying is to at least learn something first before taking that short cuts just like using that bots. It's not a plug-and-play that because you bought/use it—it doesn't mean you will basically going earn a profit already. There's a process of doing that and the more you learn about it the more it's easy for you to understand and to execute the bots on how your trading goes well.

Common mistake on where people do really believe on and the fact that people do continuing on believing such stuff even if it doesnt work that way.They are just too lazy to do the hard work thats why they do end up
into these presumptions which are totally wrong.

They do trying or force things to work but once reality slap out their faces then thats the time they do talk about negative about it like its a piece of trash or garbage without even realizing into those things
that had spit out into their mouths.

Bots are for automation but people do always have the wrong impression towards it.

[Tipstar]

South Park, you are absolutely right. Learning trading is not some sort of rocket science. You just need to involve your brain cells and figure out how market is moving. But, you know, people like to take short cuts, whatever it costs.

Aren't they aware of the danger for taking the short cuts? I mean it's always dangerous to take the short cuts if you don't know where it will lead you. All I'm saying is to at least learn something first before taking that short cuts just like using that bots. It's not a plug-and-play that because you bought/use it—it doesn't mean you will basically going earn a profit already. There's a process of doing that and the more you learn about it the more it's easy for you to understand and to execute the bots on how your trading goes well.

Common mistake on where people do really believe on and the fact that people do continuing on believing such stuff even if it doesnt work that way.They are just too lazy to do the hard work thats why they do end up
into these presumptions which are totally wrong.

They do trying or force things to work but once reality slap out their faces then thats the time they do talk about negative about it like its a piece of trash or garbage without even realizing into those things
that had spit out into their mouths.

Bots are for automation but people do always have the wrong impression towards it.

Exactly. Bots are just tools not the means. You need to modify it according to your strategy and no strategy would work good in all the circumstances. You should predict the market for next week, next month or next year and modify your bot accordingly. Which way do you believe the prices are going to move and what currency are you going to have when the change in market arrives would define the nature of your bot. Bots are not garbage but you can make one.