#OrderTypes101

Binance offers various order types to suit different trading strategies. Market orders execute instantly at the current market price. Limit orders let users set a specific price for buying or selling; they only execute if the market reaches that price. Stop-limit orders trigger a limit order once a specified stop price is reached. Stop-market orders work like stop-limit but execute at market price. Trailing stop orders follow market movements, locking in profits as the price rises or falls. OCO (One-Cancels-the-Other) allows placing two orders simultaneously, where one cancels the other once executed. These options help manage risk and automate trades.