In this Crypto Trading Bot Tutorial, you'll learn is Binance Bot Trading worth it.
You've learned in my previous Binance Trading Bot video CLICK-BY-CLICK how to set up this bot to make trades for you AUTOMATICALLY even when you're laying down on the beach.
But today I wanted to talk with you more in detail, is Binance trading bot worth it.
How Does Binance Bot Trading Work?
- You tell them when to sell or buy.
- Instead of doing all the trading manually, the bot makes the trades for you.
- Binance Trading Bot is like your servant.
- You tell him what to do and he does it for you.
- Binance Bot itself doesn't know anything. He just follows your orders.
- You can't expect the bot to make you money unless YOU know how to make money.
How to Make Money with Binance Trading (bot)?
What do millionaires and billionaires do?
They buy Bitcoin and hold it.
Becoming rich with a crypto trading bot is like a pipe dream sold for poor people in order to make the salesmen rich.
You can also look at the statistics.
Almost everyone who is doing active trading, loses money.
Almost everyone who has EVER bought Bitcoin and holds has made money.
Can You Make Money with Binance Bot Trading?
Yes but Almost 50% of the time you lose money and a bit over 50% of the time you make money. It's all about odds.
Can you handle the EMOTIONAL side of it?
Same with trading:
1) Study books, strategies and courses = BE CAREFUL!
2) Make 1,000's of trades
3) Spend hundreds of hours reading charts
4) Lose almost 50% of your trades = YOU MAY LOSE $1,000'S IN 1 DAY
5) Keep on grinding
= Stay updated on the market.
Conclusion
If you are passionate about trading, feel free to study it but don't expect to get rich quick. Rather expect to lose a lot of money in the first months to learn the skills.
If you want to do what millionaires and billionaires are doing:
1) Create AUTOMATIC INCOME Streams
2) Accumulate Bitcoin
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AFFILIATE DISCLOSURE: This video and description may contain affiliate links, which means that if you click on one of the product links, I may receive a small commission. I won't put anything here that I haven't verified and/or personally used myself.
