#OrderTypes101

As part of the Binance educational campaign #OrderTypes101, traders share their experiences about different types of orders in trading:

Market Order: Immediate execution of buying or selling at the best available price in the market. Suitable when the goal is to execute the trade quickly, knowing that the final price may differ from the expected price.

Limit Order: Setting a specific price for buying or selling. The order is executed only if the price reaches the specified value or better, providing greater control over the price, but the order may not be executed if the price does not reach the specified value.

Stop Order: Activated when the price reaches a certain level (stop price), then it turns into a market order. Often used to limit losses or protect profits.

Stop-Limit Order: Combines a stop order and a limit order, where the order is triggered when the stop price is reached, but execution occurs only if the price is within a previously defined range.

Understanding these types of orders helps traders execute their strategies effectively and manage risks better.

#OrderTypes101