#OrderTypes101

Order Types 101: A Quick Guide for Binance Traders

Understanding order types helps you trade smarter on Binance. Here are the essentials:

Market Order: Buys/sells instantly at the best price. Great for speed but can cause slippage.

Limit Order: Sets a specific price. Ideal if you're willing to wait for your target.

Stop-Limit: Becomes a limit order once your stop price is hit. Used to protect gains or cut losses.

Stop Market: Similar to stop-limit, but executes as a market order for faster exits.

Trailing Stop: Adjusts with price movement. Locks in profits as the market moves in your favor.

OCO (One Cancels the Other): Combines a limit and stop-limit order — if one triggers, the other cancels.