#TradingTypes101
✅ Types of Trading Orders on Binance 🟡 – Quick Guide for Beginners
📊 When executing a trade on the Binance platform, you will notice several types of orders, each serving a different strategy:
1. Limit Order 💰
Set the price at which you want to buy or sell. The order is executed only when the market reaches that price.
2. Market Order ⚡
Executed immediately at the best available price. Suitable for speed but without precise price control.
3. Stop-Limit ⏹️
Triggers a buy or sell when a certain price (Stop) is reached, and is executed at a predetermined price (Limit).
4. Trailing Stop 📉📈
Automatically moves with the market to protect profits. Executed if the price drops by a certain percentage from the highest point.
📌 Tip:
Choose the type of order based on your strategy – do you want speed? Or precision? Or protection from losses?
🔐 Start by understanding each type well for more professional trading!
