Here we go with the next part so we can keep learning 💪
How to use orders on Binance (with real prices)$WLD
📍**Buy or sell at the right price?**
Today I will explain the 3 basic types of orders on Binance that every beginner should know.
👇 Thread starts:
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1️⃣ Market Order
📌 This is the easiest and fastest.
You buy or sell at the price that is currently available. No waiting required.
✅ Use it if you need to enter or exit NOW.
❌ But you don’t know the exact price at which it will be executed.
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2️⃣ Limit Order
📌 You choose the price.
Example: you want to buy BTC at 60,000, but it’s currently at 62,000.
You place a limit order at 60,000 and it will execute if the price drops.
✅ Ideal if you’re not in a hurry and want a good price.
❌ It may never execute if the price doesn’t reach it.
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3️⃣ Stop-Limit Order
📌 Combines a “brake” and an order.
Used to protect profits or cut losses.
Example: you have BTC and say “if it drops below 59,000, I’ll sell.”
You set:
🔹 Stop at 59,000
🔹 Limit at 58,800
✅ Useful for automating your moves.
❌ Requires more attention when setting up.
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🔁 Where to place these orders?
Go into the pair you want (e.g. BTC/USDT), and you will see these options below the chart.
You can practice with little money or in demo mode (if you use the Binance Lite app).
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💡 Advice from a buddy:
Don’t just jump in with Market. Learn to use Limit and Stop-Limit to improve your buying and selling.
👉 Buying high out of urgency and selling low out of fear is the typical rookie mistake.
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📍Tomorrow I will explain how to manage risk, how much to invest, and how to protect your capital in crypto.
❤️ If this helps you, give it a like and share it with someone who is just starting out.
💬 Have you used any of these orders yet?
