#TradingTypes101
Types of Trading Orders on Binance ๐ก โ A Quick Guide for Beginners
๐ When executing a trade on the Binance platform, you will notice several types of orders, each serving a different strategy:
1. Limit Order ๐ฐ
Specify the price at which you want to buy or sell. The order is executed only when the market reaches this price.
2. Market Order โก
Executed immediately at the best available price. Suitable for speed but without precise price control.
3. Stop-Limit โน๏ธ
Triggers a sell or buy when reaching a certain price (Stop), and is executed at a pre-defined price (Limit).
4. Trailing Stop ๐๐
Automatically moves with the market to protect profits. It is executed if the price drops by a certain percentage from the highest point.
๐ Tip:
Choose the order type according to your strategy โ do you want speed? Or precision? Or protection from losses?
๐ Start by understanding each type well for more professional trading!