📘 #OrderTypes101 | Master Your Trades on Binance! 💹
New to trading? Understanding order types is key to managing risk and seizing opportunities. Here’s a quick breakdown:
🔹 Market Order
Instant buy/sell at the best available price.
✅ Fast execution
⚠️ Less control over price
🔹 Limit Order
Set your desired price, and the order fills only when the market hits it.
✅ Price control
⚠️ No guarantee it will execute
🔹 Stop-Limit Order
Set a stop price to trigger a limit order.
✅ Helps lock profits or cut losses
⚠️ May not execute if price moves fast
🔹 OCO (One-Cancels-the-Other)
2 orders in 1: if one executes, the other is canceled.
✅ Great for setting stop-loss and take-profit
Pro tip: Choose the right order for your strategy. It’s not just about entering trades — it’s about entering them smartly. 🚀