#OrderTypes101
๐ Order Types 101 | Binance Square ๐ก
๐ก Master the basics before you trade!
Understanding different order types is crucial to making smart trading decisions. Here's a quick guide to get you started:
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๐ฏ 1. Market Order
๐ฅ Buy/Sell instantly at the best available price.
๐ข Great for speed, not for precision.
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๐งญ 2. Limit Order
๐ Set your desired price โ the order executes only when the market hits it.
๐ก Ideal for patience and control.
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๐ฐ๏ธ 3. Stop-Limit Order
๐จ Trigger a limit order when a set stop price is reached.
๐ Use for risk management or to lock in profits.
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โ 4. Stop-Market Order
โก Turns into a market order once the stop price is hit.
๐ Fast execution during volatile swings.
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๐ 5. OCO (One Cancels the Other)
๐ฏ Two orders in one: if one executes, the other is canceled.
๐ง Perfect for planning exit strategies.
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๐ฌ Want to dive deeper into order types or explore advanced strategies?
๐ Drop your questions or favorite order type below!
๐Follow @Maha_5 for more crypto insights & guides.
