#OrderTypes101 📚: Essential Guide for All Crypto Traders 📚

Hello Binance Community 👋,

Knowing the types of orders available on trading platforms is a fundamental skill for better managing positions and optimizing your experience. Here’s a quick and useful overview of the main types of orders to know:

🛒 Market Order

Immediate execution at the best available price. Perfect for quick decisions when speed is prioritized over exact price.

🎯 Limit Order

You set a specific price to buy or sell. The order executes only at that price or better. Ideal for precise strategies.

🛑 Stop-Loss Order

Designed to reduce potential losses. If an asset reaches a defined price, an automatic sale is triggered.

🔄 Stop-Limit Order

Combines the advantages of stop and limit. The order becomes a limit order once the threshold is reached.

📈 Trailing Stop Order

Automatically adjusts with the market. It follows the favorable price while securing the position if the market turns.

💬 Why is it useful?

These types of orders allow for better risk management, more flexibility in execution, and greater control over your trading strategy.

🤔 And you, which one do you use the most?

Share your favorites and tell us why in the comments! 📊

Learn, adapt, evolve. Trading is also about mastery. 🚀