#OrderTypes101 📊 #OrderTypes101: What orders to use on Binance?

The ability to choose the right order type is key to successful trading. Let's break down the main options on Binance!

### **1. Limit Order**

Allows you to buy/sell an asset **at a specific price** or better.

✔ Price control at entry

✔ Low fees (0.1% on spot)

❌ Executes only when your price is reached

### **2. Market Order**

Instant buy/sell **at the current market price**.

✔ Instant execution

✔ Transaction guarantee

❌ Possible slippage

### **3. Stop-Loss**

Automatically sells the asset when reaching a **certain loss level**.

✔ Protection from large losses

✔ Does not require constant monitoring

### **4. Take-Profit**

Locks in profit when reaching a **target price**.

✔ Trade automation

✔ Emotional discipline

### **5. OCO (One Cancels Other)**

Combines stop-loss and take-profit into one strategy.

✔ Ideal for volatile markets

✔ Maximum risk control

**🔎 Pro-tip:** Use limit orders for entry and OCO for managing your position!

What type of order do you use most often? Share in the comments!

#Binance #Trading #Crypto #Investing #OrderTypes