#OrderTypes101 When you trade on a platform like Binance, understanding the various types of orders is essential. The main ones are:
Market Order: executed immediately at the best available price.
Limit Order: executed only if the price reaches the value you set.
Stop-limit: used to reduce losses or enter the market once a certain price is exceeded.
OCO (One Cancels the Other): two simultaneous orders, where the execution of one cancels the other.
Understanding when and how to use each type helps you optimize trades and better manage risk.