#OrderTypes101 📌 #OrderTypes101 | Your Quick Guide to Trading Orders on Binance
Are you trading on Binance? 🤔
Understanding order types = Smarter trading decisions + Better risk management!
Here are the most important orders you should know 👇
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🟢 Market Order
🔹 Immediate execution at the best available price
🔹 Ideal for quick trades, but the price may change at the moment of execution
🟡 Limit Order
🔹 Set the price that suits you for buying or selling
🔹 Will only be executed if the market reaches your desired price
🔴 Stop Order
🔹 Used to stop losses or enter after breaking resistance
🔹 Activates only when the market reaches a specified price
🟠 Stop-Limit Order
🔹 Set the activation price and execution price
🔹 High precision, but no guarantee of execution every time
🟣 OCO (One Cancels Other)
🔹 Two orders at once (e.g., Take Profit + Stop Loss)
🔹 When one is executed, the other is automatically canceled
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💡 Trading is not just about when to enter the market, but how to manage your orders!
Start using these tools on Binance smartly and professionally 💪
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