#BinanceFeed On the Binance platform, there are more than one type of orders, each with a specific role to help you manage your trades:
🔹 Market Order:
You buy or sell directly at the current market price. Very fast, but sometimes the price moves at the moment of execution and you buy higher or sell slightly lower.
🔹 Limit Order:
Here you have more control. You set the price at which you want to buy or sell, and the transaction only occurs if the price reaches the target you set. Excellent for patience and waiting for the opportunity.
🔹 Stop Limit Order:
This order is dedicated to risk management.
Stop = the price that triggers the order.
Limit = the price at which buying/selling occurs.
📌 Practical Example:
The price of $BNB is currently around $570.
You can buy it with a Market order immediately at the current price.
Or you can place a Limit order at $550 if you expect a slight drop.
And if you are afraid of a strong drop, you can use Stop Limit (for example, Stop = $540 and Limit = $538).
⚡ Summary:
Use Market for quick execution.
Use Limit to enter at a better price.
Use Stop Limit to protect your capital.
🎯 A successful trader is one who knows how to protect their profits before looking for new trades.
-💬 My question for you:
If you have $200 and want to invest it now, would you choose to buy $BNB with a Market order immediately, or wait and set a Limit order at a lower price? Share your opinion 👇
