#OrderTypes101 $BTC
📈 #OrderTypes101: Master Your Trading Game!
New to crypto trading? Understanding order types is crucial for navigating the markets like a pro. Let’s break down the basics!
✅ Market Orders – Buy or sell instantly at the current market price. Fast execution, but price may vary with volatility.
✅ Limit Orders – Buy or sell at a specific price you set. Great for controlling your entry or exit point, but might not get filled right away.
✅ Stop-Limit Orders – Protect your gains or cut losses! Set a trigger price (stop) and a limit price. Once triggered, it becomes a limit order.
✅ OCO (One Cancels the Other) – Manage risk with two linked orders: a stop-limit to cut losses, and a limit to take profits. When one is executed, the other is automatically canceled.
🧠 Learn these order types to trade smarter and take charge of your crypto journey on Binance!
#Binance #CryptoTrading #DYOR