🔑 Important Terms in Binance for Beginners
📝 Order: A request to buy or sell a cryptocurrency.
⚡ Market Order: Immediate buying or selling at the current price.
🎯 Limit Order: Sets a specific price for execution only when reached.
⏳ Stop-Limit Order: Starts a buy or sell order at a specified price when the stop price is reached.
💰 Buy and Sell: A request to purchase or sell.
📊 Balance: The amount of currency in your account.
📈 Profit and 📉 Loss: Gains or losses in trading.
⚖️ Leverage: Trading with more than your balance, but with caution.
Simple example:
Do you want to buy Bitcoin at a specific price? Use a Limit Order (🎯 Limit Order).
Do you want to buy immediately at the current price? Use a Market Order (⚡ Market Order).
Start with confidence and a good understanding, and invest wisely! 💡