#OrderTypes101 🔥 5 Order Types You Must Know on Binance!

1. Limit Order – "Price According to You!"

You set the price yourself, just wait for the market to touch it. Suitable for those who are patient & strategic.

📌 Example: Want to buy BTC at $60,000? Just set the limit there!

2. Market Order – "Execute Immediately, No Waiting"

Need quick execution? Market order buys/sells at the best available price right now.

⚠️ Suitable during volatile markets, but be careful of slippage!

3. Stop-Limit Order – "Protection Plus Control"

Two levels: trigger price (stop) and execution price (limit). Ideal for risk management and breakout entry.

🛡️ Secure profits, avoid excessive losses.

4. OCO (One Cancels the Other) – "2 Orders, 1 Goal"

Combination of limit and stop-limit. If one hits, the other is automatically canceled.

📊 Example: Sell BTC at $70,000, but also set a stop at $58,000. Safe both ways!

5. Trailing Stop – "Following Profit, Not Just Hope"

A stop-loss that "moves" with the price. Secures profit as the price rises without having to constantly monitor the chart.

🧠 Ideal for trend followers!